Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.Investingread more
Check out the companies making headlines midday Monday:
Qualcomm, Xilinx, Broadcom –Chipmakers were under pressure led by declines in Qualcomm and Xilinx, which tumbled 6% and 3.6%, respectively. Broadcom also dropped 6%. The drop came after the U.S. blacklisted Huawei and effectively halted its ability to buy American-made parts and components. This led Google to suspended business activity with the Chinese telecom giant. Other Huawei suppliers, including Qualcomm, Broadcom, Intel and Xilinx, will reportedly stop selling to the Huawei until further notice. U.S. chip suppliers are losing a big customer as Huawei purchases $20 billion of semiconductors each year.
Sprint, T-Mobile — Sprint shares surged 18.8% after the Federal Communications Commission's chairman said he would recommend the company's $26.5 billion merger with T-Mobile. T-Mobile shares also rose 3.9%.
Deutsche Bank — The German bank's U.S.-listed shares slid 2% after UBS downgraded it to sell from neutral. The UBS analyst said Deutsche is a "levered market play vulnerable to external events and rising rates are currently a distant hope."
Tesla — Tesla dropped 2.3% after a Wedbush analyst lowered its price target on the electric car maker's stock to $230 from $275. The analyst cited concerns that CEO Elon Musk's expansion into other products is distracting the company from what should be its main goal: gathering core demand for its Model 3.
Apple — Shares of Apple slid 3.1% after HSBC cut the tech company's price target to $174 per share from $180 due to concerns over the looming tariff concerns between the U.S. and China. HSBC believes tariff increases would force Apple to raise prices on its products, which are already seen as expensive. The bank also said there is a risk that Chinese consumers would shift to local brands with comparable products such as Huawei and Xiaomi.
Dish Network — Dish shares slid nearly 6% after announcing it will buy streaming company EchoStar's satellite business for $800 million. The deal is expected to close in the second half of 2019.
Tata Motors — Shares of Indian automaker Tata Motors climbed 5.7% following the release of its fourth-quarter earnings released before the bell Monday. Tata Motors earned $160.26 million in net profit for the quarter ended on March 31, topping a Refinitiv estimate. The company, however, said it struggled to sell its Jaguar Land Rover in key markets like China.
Delta Air Lines — Delta fell 1.1% after Morgan Stanley downgraded the stock to equal-weight from overweight. Morgan Stanley cited concerns that the airline's free cash flow yield is falling, and the investment bank's updated 2020 estimates which are below the consensus estimates.
Ryanair — Europe's low-cost airline Ryanair fell 2.1% after reporting its weakest annual profit in fours years on Monday. Ryanair cited issues with overcapacity, Brexit and problems with the grounded Boeing 737 MAX for its disappointing quarterly results.
Del Frisco's Restaurant — The steakhouse chain's stock skyrocketed 31.2% higher after The Deal reported that final bids for the company were around $9 per share. That number is 89.5% above Del Frisco's closing price on Friday of $4.75.