"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
It's about time to write off high-growth tech stocks, Goldman Sachs warned, saying the double whammy of sky-high valuation and elevated regulation is becoming a "hazard" to...Marketsread 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
Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing said the airline industry will need 44,040 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
The pizza chain's robo delivery program could add to store owners' options during peak times.Restaurantsread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Check out the companies making headlines midday Monday:
Kraft Heinz — Shares of Kraft Heinz rose 2.56 percent after Morgan Stanley upgraded the food producer to equal weight from underweight. The bank noted that prior concerns like a dividend cut and an earnings shortfall have now been priced into the stock after its recent plunge.
Bed Bath & Beyond — Shares of Bed Bath & Beyond dropped more than 5 percent after Barclays downgraded the housewares retailer to underweight from equal weight. The bank said it is increasingly disappointed with the results of the company's efforts to implement a broad restructuring. Barclays also lowered its price target for the stock to $13 from $15.
Amazon — Shares of the e-commerce juggernaut rose about 1.5 percent in midday trading after Evercore ISI analyst Anthony DiClemente's said the stock still looks undervalued. The analyst said investors should rely less on Amazon's revenue projections and more on its gross profits going forward.
AT&T — AT&T stock fell 2.73 percent after WarnerMedia announced a new organizational model and leadership team Monday in hopes of advancing its content development. The Wall Street Journal reported that "significant layoffs" are expected as part of the reorganization.
Children's Place — Shares of Children's Place tanked more than 10 percent after the children's clothing retailer reported disappointing earnings for the fourth quarter. The company posted earnings of $1.10 per share last quarter, well below the $2.10 FactSet consensus estimate. Revenue also missed forecasts, while the company's full year earnings outlook is also significantly below Street forecasts.
Healthcare Services Group — Shares of Healthcare Services Group are down more than 13 percent after the company said it is unable to file its 10-K for 2018 as the Securities and Exchange Commission is conducting into earnings per share calculation practices. The company also received a subpoena in March 2018 from the SEC in connection with these matters.
Applied Materials — Applied Materials shares rose 1.35 percent Monday after Stifel said the semiconductor equipment manufacturer has one of the most attractive return outlooks of any of its buy-rated companies over the next 12 months. The brokerage's analysts see 36 percent upside for shares from Friday's close.
McDonald's — McDonald's shares fell about 2.41 percent Monday after Cleveland Research said the restaurant chain is underperforming first-quarter same-store sales expectations. Darden Restaurants also underperformed the S&P 500, down 0.7 percent.
Salesforce.com — Shares of the cloud software company slid 3.66 percent in midday trading as investors await the release of its earnings report after the closing bell Monday. Analysts surveyed by FactSet expect Salesforce to earn 55 cents a share in the fourth quarter on revenue of $3.56 billion.
— CNBC's Thomas Franck contributed to this report