Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Check out the companies making headlines midday Monday:
Boeing — Boeing shares dropped more than 4.5% after the editor of Chinese newspaper Global Times said China could single out the aerospace giant as the U.S.-China trade war continues. Earlier in the day, China decided it would hike tariffs on $60 billion worth of U.S. imports starting June 1.
ADT — ADT dropped more than 6% after Morgan Stanley downgraded the stock to equal weight from overweight. The investment bank also lowered its price target for the stock to $7 from $9. The analysts cited results from a survey which found homeowners have the same level of interest in do-it yourself security (DIY) systems as they do in ADT systems. Additionally, more consumers switched to DIY systems than expected.
Deere — Shares of Deere fell 6.3% after Baird downgraded the company to neutral from outperform. Baird said that the manufacturer's fundamentals have "weakened," and that the demand environment seems to be "deteriorating." Baird also gave Deere a new price target of $150.
Bed Bath & Beyond — Shares of Bed Bath & Beyond fell more than 4% after CEO Steven Temares stepped down, effective immediately. This comes amid a push from activist investors for the company to make changes. Newly appointed member of the board Mary Winston will serve as a temporary replacement for Temares until a permanent replacement is found.
Teva Pharmaceutical Industries, Mylan — The drugmakers' shares fell 14.8% and 9.4%, respectively, after 44 states filed a lawsuit alleging that pharmaceutical companies conspired to raise prices for more than 100 generic drugs.
Uber Technologies — Shares of Uber tanked more than 10% following a disappointing debut on the New York Stock Exchange on Friday. Monday's drop pushed the price to below $38 a share, much lower than the initial target range of $44 to $50 per share on the eve of its debut. Investors are wondering if Uber's fate will match that of its ride-hailing competition Lyft, who is down more than 30% since its IPO in March.
Tyson Foods — Shares of the food company fell less than 1%, outperforming the broader market, after an analyst at Stephens named it a "best idea," noting Tyson is "well positioned" while the valuation "remains compelling."