The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Check out the companies making headlines before the bell:
Activision Blizzard – The video game producer is firing Chief Financial Officer Spencer Neumann for cause "unrelated to the company's financial reporting," according to a Securities and Exchange Commission (SEC) filing. The Wall Street Journal reports that Neumann will be named as the new Netflix CFO as early as this week, quoting a personal familiar with the matter.
Alphabet – Alphabet's Google unit has won Federal Communications Commission (FCC) approval for its new radar-based motion sensing device. Google was granted a waiver to operate the sensors at a higher power than is currently allowed under FCC rules.
Amazon.com – Evercore lowered its price target on Amazon shares to $1,800 from $1,990 per share amid lowered e-commerce and advertising revenue estimates for 2019. Evercore still rates Amazon "outperform," however.
Comcast, Altice USA, AT&T – In a new report on the cable industry, JPMorgan Chase rates these stocks as "top picks" in the sector. The firm said NBCUniversal and CNBC parent Comcast is undervalued based on its free cash flow, and that it expects "solid results" from AT&T. JPMorgan calls Altice "very compelling" given the strength at its cable peers.
Hertz Global – Hertz agreed to pay a $16 million fine to settle an accounting case, according to an SEC filing. The car rental company had been accused of materially misstating pretax income due to accounting errors, although Hertz did not admit or deny the accusations in agreeing to the settlement.
Nokia, Ericsson – The two companies have struggled to capitalize on the issues facing Chinese telecommunications rival Huawei, according to a story in today's Wall Street Journal. European wireless providers tell the paper that the two companies have been slow to release telecommunications equipment that is as advanced as Huawei's offerings.
Bausch Health – Bausch was upgraded to "overweight" from "neutral" at Piper Jaffray, which said the drugmaker is exhibiting earnings stability as well as the potential for long term growth. Bausch is the company formerly known as Valeant Pharmaceuticals.
Wells Fargo – Wells Fargo was upgraded to "sector perform" from "underperform" at RBC Capital Markets, which cited valuation. The bank's shares fell about 25 percent in 2018.
Sirius XM Holdings – The stock was upgraded to "overweight" from "neutral" at JPMorgan Chase, which sees a buying opportunity in the satellite radio operator's shares after a recent pullback.