President Trump was taken aback when Treasury chief Steven Mnuchin said the U.S. asked China's trade delegation to reschedule a farm tour.Politicsread more
As China marks the 70th anniversary of its founding on Oct. 1, CNBC takes a look at the rise of the Asian giant through the years — and projections of where it's headed.China Economyread more
The tax cut came as Indian Prime Minister Narendra Modi's government attempts to spur the country's slowing economy.Asia Economyread more
Lawmakers in Congress on Monday pressed for full disclosure of a whistleblower's complaint about President Donald Trump as Democratic calls for impeachment intensified over...Politicsread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The brewer also issued an additional 189,354,000 shares. Budweiser APAC's IPO is now expected to raise about US$5 billion.China Marketsread more
Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors.Technologyread more
The FAA says each country's regulator will decide when the Boeing 737 Max can return to the skies as the grounding of Boeing's best seller, edges toward its eighth month.Airlinesread more
U.S. Treasury Secretary Steven Mnuchin said Monday that the two country's negotiators had made some progress in easing their trade tensions in last week's deputy-level...World Politicsread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
U.S. stock futures were pointing to a lower Monday open on Wall Street, as fallout from the U.S. crackdown on China's Huawei weighed on market sentiment. The Dow was coming off four consecutive weekly losses, while the S&P 500 and Nasdaq were off for the past two weeks. (CNBC)
More than halfway through the month, the Dow, S&P 500, and Nasdaq were all on track to post their first losing May since 2012. The Russell 2000 remained in correction territory, and the Dow Transportation Average was on the verge of re-entering a correction. (CNBC)
Alphabet's (GOOGL) Google unit has suspended business activity with Huawei, involving the transfer of hardware, software, and key technical services. That means Huawei won't be able to license the Android operating system complete with Google services. It will instead have to use an open-source version. (CNBC)
President Donald Trump, who effectively last week blacklisted Huawei, told Fox News that U.S. tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia. Trump added that any agreement with China cannot be a "50-50" deal.
* Big companies tightened their spending as China trade fears intensified (WSJ)
* OECD: US-China trade uncertainty is 'the enemy of growth' (CNBC)
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new research this morning. Janus Henderson expects $1.43 trillion in dividend payments this year. (CNBC)
President Trump is warning Iran to never threaten the U.S., posting on Twitter that if the Islamic republic wants a fight, it would be "the official end of Iran." The New York Times reports that Defense Secretary Patrick Shanahan and national security advisor John Bolton appear at odds on how to handle Iran.
* Trump to open Mideast peace drive with economic Incentives (NY Times)
Specialists at Deutsche Bank (DB) saw in 2016 and 2017 potentially suspicious activity involving the company of Jared Kushner and Trump, the New York Times reported. Anti-money laundering specialists recommended transactions be reported to a federal financial-crimes watchdog.
Sen. Kamala Harris, who is seeking the Democratic presidential nomination, is proposing that large employers pay women on an equal basis with their male counterparts or face government fines, seeking a sweeping shift in the way the nation addresses pay inequity. (WSJ)
Robert F. Smith, founder and CEO of the private equity firm Vista Equity Partners, said he and his family would set up a grant to pay off the student loans of nearly 400 graduating seniors at Morehouse College. The total gift is estimated at $40 million. (CNBC)
* Millennials approaching middle age are in worse financial shape than every living generation ahead of them (WSJ)
Lyft (LYFT) was sued by a group of investors over its initial public offering. The suit said Lyft misled investors about its market position and labor matters, and that the company's "false and misleading" statements inflated the company's share price. The stock has lost 25% since going public. (Reuters)
Uber's (UBER) initial public offering was undermined by big investors, according to the Wall Street Journal. BlackRock (BLK), Tiger Global Management, and other pre-IPO investors passed on buying more shares in the offering. Some also reportedly tried to sell stock before or as part of the IPO.
GrubHub (GRUB) was sued by a Philadelphia restaurateur, seeking $5 million in damages and class action status for the suit. The delivery service is accused of charging restaurants for phone calls even if no order was made. GrubHub said it disputes the claims and that the suit is without merit. (IBT)
Ryanair, Europe's biggest budget airline and the region's largest customer for Boeing's (BA) 737 Max jets, warned profit would be dented this year by the plane's global grounding. (WSJ)
Delta Air Lines (DAL) started a two-week pilot test a week ago that includes free Wi-Fi on around 55 domestic short-, medium- and long-haul flight segments a day. The move could shame other carries into offering service. (CNBC)
Boeing (BA) won a wide-body jet order from Air New Zealand, according to people with direct knowledge of the matter who spoke to Reuters. That would end an 18-month competition for Air New Zealand's business between Boeing and Airbus.
Apple, Dell and two other U.S. technology companies are set to give up their preferred shares in the Japanese chip maker for more than $4 billion under a refinancing plan, according to the Wall Street Journal.
Lions Gate Entertainment (LGF.A) received an informal offer from CBS (CBS) to buy its Starz cable network, according to sources who spoke to CNBC. They say, however, that no deal is imminent. CBS had made an offer for Starz before it was bought by Lions Gate in 2016.
Legg Mason (LM) is near a settlement with activist hedge fund Trian Management, according to Dow Jones. The money manager reportedly would gave Trian three or four seats on the board, and that a deal could be announced soon.
Target (TGT) was upgraded to equal-weight from underweight at Morgan Stanley, which cited valuation. The retailer is scheduled to report its quarterly earnings on Wednesday morning.
T-Mobile US (TMUS) is set to announce asset sales and other concessions to win approval for its deal to buy wireless competitor Sprint (S), according to a Bloomberg report.
"John Wick: Chapter 3 – Parabellum" put at end to the three-week box office reign of "Avengers: Endgame," with a debut of $57 million in ticket sales in North American theaters. "Avengers" collected $29.4 million during its fourth weekend of release. (Variety)
The show that captivated fans for the past eight years has come to an end, but not everyone is thrilled. The series finale of "Game of Thrones" aired on HBO Sunday night and viewers took to social media to discuss the contentious finale. (CNBC)