The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following the Trump administration's restrictions.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Sprint and T-Mobile US on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions...Technologyread more
Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC's Steve Liesman on "Squawk Box."The Fedread more
Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.Marketsread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Check out the companies making headlines before the bell:
Tilray — Tilray reported an adjusted quarterly loss of 27 cents per share, two cents larger than analysts were expecting. The Canadian marijuana producer's revenue did come in above estimates, helped by acquisitions, legalization of recreational marijuana use in Canada and growth in its medical markets.
Aurora Cannabis — Aurora lost five cents per share for its fiscal third quarter, matching forecasts, while revenue fell below analyst estimates. Aurora – which is also a marijuana producer based in Canada – did see a surge in revenue from a year earlier, helped by the same factors that helped Tilray.
Restaurant Brands International — The company's Tim Hortons chain will be testing three breakfast options made with Beyond Meat's meatless patty. The test will begin at select locations in Canada. Separately, Restaurant Brands – which is also the parent of Burger King and Popeyes – announced plans to expand to 40,000 restaurants globally from the current 26,000 over the next eight to ten years.
Zillow Group — The real estate website operator's stock was upgraded to "buy" from "neutral" at Guggenheim, based on optimism about Zillow's "Offers" home sale service.
Agilent Technologies — Agilent reported adjusted quarterly profit of 71 cents per share, missing consensus forecasts by one cent. The maker of laboratory instruments also saw revenue fall short of estimates, pointing to weakness in its pharmaceutical and food markets. Agilent also gave a current quarter outlook that falls largely below Wall Street forecasts.
Biogen — Biogen reached an agreement to sell its spinal muscle atrophy treatment Spinraza to England's National Health Service for an undisclosed price. Spinraza has a U.S. list price of $750,000 for the first year and $375,000 per year in subsequent years.
Xilinx — Xilinx forecast fiscal 2020 revenue above Wall Street forecasts at $3.45 billion to $3.6 billion. The specialty chip maker is currently rolling out new semiconductors for use in 5G equipment
McDonald's — The restaurant chain will let its franchisees decide which breakfast items to serve on an all-day basis, in an effort to simplify operations and reduce wait times for customers.
Legg Mason — Legg Mason may be the target of an activist campaign by Nelson Peltz's Trian management, according to the Wall Street Journal. The paper said Trian has held discussions with the money management firm about cutting costs and improving profit margins.
Amdocs — The communications software and services company reported adjusted quarterly profit of $1.06 per share, beating estimates by three cents. Revenue also beat forecasts, and the company also raised its full-year forecast.
The Container Store — The retailer of storage and organization products beat estimates by three cents with adjusted profit of 33 cents per share for its fiscal fourth quarter, with revenue also beating estimates. Comparable store sales were up 8.5% during the quarter, well above the 3.1% consensus estimate of analysts surveyed by Refinitiv.