The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
The U.S. Air Force's top general says he has not yet received direction to send additional bombers to the Middle East after what is believed to be an Iranian attack on Saudi...Defenseread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread 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.