The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Check out the companies making headlines midday Monday:
Citigroup — The bank's stock fell 0.1% after reporting mixed quarterly results. Citigroup's earnings per share topped analyst expectations as the company repurchased more than $4 billion in stock. However, revenue fell amid a drag in equity-market trading.
Goldman Sachs — Shares of Goldman Sachs slid about 3.8% after the investment bank posted weaker-than-expected first-quarter revenue. The bank said Monday that revenue dropped 13% to $8.81 billion, below analyst's $8.9 billion estimate. Sales of its institutional client services trading division, the bank's biggest business, fell 18% year over year.
Levi Strauss — The jeans maker's stock rose 6.8% after analysts at J.P. Morgan initiated it with an overweight and set a $26 year-end price target. "We view the combination of a strong tenured management team led by CEO C. Bergh and brand heritage … as a competitive advantage in expanding to a global lifestyle brand," J. P. Morgan said in a statement.
Nokia — Nokia dropped 5.1% after Goldman Sachs downgraded the stock to sell from neutral, citing increasing competition from companies like Samsung and Ericsson. Goldman's estimates show Ericsson holds 29% of the global wireless networking market, Nokia and Huawei each hold 23%, while Samsung only holds 5% of the market.
Waste Management — Shares of Waste Management rose 2.4% after the company announced plans to buy smaller rival Advanced Disposal Services for about $3 billion. The top waste management service company would pay $33.15 per share in cash for Advanced Disposal, in a move to expand its footprint in the eastern United States.
Insys Therapeutics — Shares of the pharmaceutical company dropped 4.4% after announcing CEO Saeed Motahari will leave his post. Andrew Long will be the new CEO. Motahari's departure follows the end of closing arguments in the criminal trial of executive John Kapoor. Prosecutors say Kapoor, along with four co-defendants, bribed doctors.
Spotify Technology — Spotify dropped more than 4% after reports said Amazon is in talks to launch a free music streaming service. Billboard, citing sources familiar with the matter, reported the ecommerce giant would make the service available as soon as next week through its Echo speakers. Amazon's move would put pressure on music-streaming giant Spotify, which has a freebie option that lets users listen to select albums.
Gogo — Shares of the in-flight internet service company soared over 8% after releasing preliminary first-quarter earnings and announcing a $900 secured notes offering. The company cited better-than-expected commercial aviation service revenue and low operating costs behind its financial gains.
Lyft — Shares of Lyft plunged 6.3% after the ride sharing company announced it will recall thousands of electric bikes in its bike-share programs in New York, Washington and San Francisco because of a braking problem. This came after riders reported "stronger than expected braking force on the front wheel."