The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
A group of seven Democratic U.S. senators and independent Senator Bernie Sanders on Tuesday urged the Justice Department and Federal Communications Commission to reject the proposed $26 billion merger between T-Mobile US and Sprint.
The letter signers include potential or confirmed presidential candidates Sanders, Amy Klobuchar, Sherrod Brown, Kirsten Gillibrand, Elizabeth Warren and Cory Booker. The merger is "likely to raise prices for consumers, harm workers, stifle competition, exacerbate the digital divide, and undermine innovation," they wrote.
The companies did not immediately comment. A U.S. House panel is set to hold a hearing on the merger on Wednesday.
The senators noted that the four largest wireless carriers including AT&T and Verizon Communications control 98 percent of the market. "Antitrust regulators around the world have consistently blocked four-to-three mergers in the mobile and telecommunications industry, and those who have allowed such mergers have lived to regret it," they wrote.
Separately, T-Mobile Chief Executive Officer John Legere defended the merger in written testimony released Tuesday before a House Energy and Commerce Committee panel hearing. He said the company does not "use Huawei or ZTE network equipment in any area of our network" and will "never" use equipment from the Chinese firms in the next-generation high-speed 5G network.
Legere said the transaction will lead to lower prices and more U.S. jobs, even as opponents argue it will lead to the combined carrier hiking prices and cutting costs.
Legere's testimony says the combined firm's business plan projects "aggressive share increases taken from the industry leaders AT&T and Verizon through its accelerated, enhanced 5G deployment." He said the company plans to "keep the customers weve fought hard to win and win new customers with great quality, lower prices, and more innovative offerings."
Sprint Executive Chairman Marcelo Claure will tell the panel that the combined firm's improved network "will be able to compete for customers who have been reluctant to use Sprint or T-Mobile because of concerns that the quality of their individual networks is not as good as those offered by Verizon or AT&T.