These are the stocks posting the largest moves before the bell.Market Insiderread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
Hedge funds are steering away from battered tech and semiconductor stocks, while bottom-fishing in health care names, according to Goldman Sachs.Marketsread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
Dow to open higher; strong retail earnings; Gundlach says Fed lost control; negative-yielding corporate debt soars; and Trump on payroll tax cutMarketsread 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.