Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
Check out the companies making headlines before the bell:
Comcast – The NBCUniversal and CNBC parent reported adjusted quarterly profit of 64 cents per share, beating consensus estimates by 2 cents a share. Revenue also beat Street forecasts and the company increased its dividend by 10 percent.
United Technologies – The maker of Carrier air conditioners, Otis elevators, and a wide variety of other industrial products reported adjusted quarterly profit of $1.95 per share, well above the consensus estimate of $1.53 a share. Revenue also came in above analysts' forecasts, boosted by the company's November acquisition of defense contractor Rockwell Collins.
Procter & Gamble – The consumer products company beat estimates by 4 cents a share, with adjusted quarterly profit of $1.25 per share. Revenue topped analysts' forecasts, as well, helped in part by strong demand for P&G's beauty products. Organic sales were up 4 percent, stronger than the 2.6 percent consensus estimate.
Restaurant Brands International – The parent of Burger King, Tim Hortons, and Popeyes named current Burger King head Jose Cil as its new chief executive officer. He replaces Daniel Schwartz, who will become executive chairman.
Synchrony Financial – The financial services company earned $1.09 per share for its latest quarter, 16 cents a share above estimates. Revenue also beat forecasts. Synchrony also announced it had reached an agreement to extend its partnership with Walmart's Sam's Club, continuing to manage and service the Sam's credit-card portfolio. It also settled a lawsuit with Walmart over the sale of the Walmart loan portfolio.
Walmart – Morgan Stanley upgraded the retailer's stock to "overweight" from "equal-weight," saying Walmart will be one of the few retailers to grow earnings this year.
Merck – The drugmaker's stock was downgraded to "market perform" from "outperform" at BMO Capital, which is concerned about Merck's overdependence on its cancer treatment Keytruda.
IBM – IBM reported adjusted quarterly profit of $4.87 per share, 5 cents a share above consensus. Revenue also beat forecasts and IBM gave strong 2019 guidance on continued strength in its services business.
TD Ameritrade – TD Ameritrade beat estimates by 10 cents a share, with adjusted quarterly profit of $1.11 per share. The online brokerage's revenue also came in above forecasts. Profit more than doubled from a year earlier thanks in large part to the acquisition of Scottrade.
Capital One – Capital One reported adjusted quarterly profit of $2 per share, missing the consensus estimate of $2.37 a share. The bank's revenue also fell shy of forecasts, and an 81 percent increase in marketing costs had a significant bottom line impact.
Johnson & Johnson — J&J is pursuing an acquisition of surgical robotics firm Auris Health, according to a Bloomberg report. J&J is said to be willing to pay a premium to the $2 billion valuation that emerged from the latest Auris funding round.
ASML Holding – ASML warned of weak first-quarter sales, with a number of the chipmaker's customers delaying their orders into the second half of this year.
Aphria – Aphria is the target of a hostile takeover bid from U.S. cannabis rival Green Growth Brands. Green Growth said it plans to make a second all-stock bid for the Canadian company worth about $1.76 billion. Aphria said the bid is substantially identical to the prior bid, and urged its shareholders to take no action while a board committee considers the offer.
Walgreens Boots Alliance – Walgreens will pay more than $269 million to settle a number of federal and state lawsuits that had accused it of overbilling federal health-care programs.
Apollo Global – The private-equity firm agreed to buy European packaging company RPC for $4.28 billion in cash. It had been reported yesterday that the two sides were close to a deal.