The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
U.S. stock futures were pointing to gains at the Wall Street open, but those potential advances would only make up a fraction of Monday's steep losses related to the escalation of the U.S.-China trade war. (CNBC)
* Cramer: Get ready to pull the trigger on these stocks — 'We're almost in oversold territory' (CNBC)
President Donald Trump said that Washington would know in "three or four weeks" whether talks with Beijing will prove successful in resolving their trade disputes. On Monday, China hiked tariffs in response to last week's move by the U.S. (CNBC)
* China's Communist Party makes a flashy graphic to show everyone what it thinks (CNBC)
* China's 'self-destructive nuclear option' in trade war: Selling US Treasury bonds (CNBC)
On today's U.S. economic calendar, the government issues its April report on import and export prices at 8:30 a.m. ET. Meanwhile, Ralph Lauren (RL) are among the handful of companies releasing earnings this morning. Pot stock Tilray (TLRY) is out with quarterly results after the bell. (CNBC)
* Oil prices jump as Saudi energy minister reports drone 'terrorism' against pipeline infrastructure (CNBC)
* Bitcoin passes $8,000 as value more than doubles in 2019 (CNBC)
Morgan Stanley upgraded shares of Coca-Cola (KO), saying the stock trades at a very attractive valuation based on its history and relative to likely better-than-expected earnings in coming years. (CNBC)
Secretary of State Mike Pompeo will raise a host of issues dividing the U.S. and Russia, including Iran, Syria, and North Korea, when he meets today with Russian President Vladimir Putin in Sochi. (Washington Post)
* White House reviews military plans against Iran, in Echoes of the Iraq War (NY Times)
Attorney General William Barr has appointed a U.S. attorney to examine the origins of the Russia investigation and determine if intelligence collection involving the Trump campaign was "lawful and appropriate." (AP)
Montana Gov. Steve Bullock announced today that he's seeking the 2020 Democratic presidential nomination. Among the crowded field, he's the only statewide elected official to win a state that Trump carried in 2016. (AP)
An internal FAA review has tentatively determined that senior agency officials didn't participate in or monitor crucial safety assessments of a Boeing (BA) 737 Max flight-control system later implicated in two fatal crashes, The Wall Street Journal reports.
Facebook (FB) could be subject to 20 years of government oversight as part of a potential deal with the U.S. government over privacy lapses. Such an agreement would resolve an investigation into whether the company violated a similar 2011 pact. (Reuters)
* Facebook-owned WhatsApp confirms it's been targeted by spyware (FT)
Walmart (WMT) will now offer shoppers the option to have their online orders delivered the next day, following Amazon (AMZN) plans, announced last month, to spend $800 million for one-day delivery for all Prime members. (CNBC)
The Supreme Court has ruled in a 5-4 decision against Apple (AAPL), saying iPhone users can pursue their antitrust lawsuit involving the tech giant's signature electronic marketplace, the App Store. (CNBC)
Germany's Bayer was ordered by a Northern California jury to pay more than $2 billion to a couple who say they were diagnosed with cancer after using the company's glyphosate-based weedkiller Roundup. (CNBC)
Take-Two Interactive (TTWO) reported adjusted quarterly profit of 78 cents per share, 3 cents above estimates. However, revenue was below forecasts, and the company gave a weaker than expected outlook.
Tencent Music (TME) reported a better than expected quarterly profit, although revenue slightly missed. The China-based music streaming service said its bottom line was helped by charging for a greater percentage of its content.
CVS Health (CVS) will be involved in up to three days of hearings next month regarding its $69 billion merger with insurer Aetna. The deal has already closed, but still needs final court approval.
T-Mobile (TMUS) and Sprint (S) are considering concessions to win approval for their planned $26.5 billion merger deal, according to a Bloomberg report, including a separation and sale of their pre-paid businesses.
After a pair of exciting Game 7s on Sunday, the NBA Conference Finals are set and the action tips off tonight from Oakland, as the Golden State Warriors try to make it to their fifth straight NBA Finals. (USA Today)
CORRECTION: This version corrects the Walmart item to reflect that Amazon plans to spend $800 million on one-day delivery not Walmart, which has not disclosed the cost of its one-day delivery push.