Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Check out the companies making headlines before the bell:
Tiffany – Tiffany earned $1.03 per share for the first quarter, a penny a share above estimates. Revenue came in below forecasts, however, and a same-store sales decline of 5% was larger than the 1.2% decline anticipated by analysts surveyed by Refinitiv. Tiffany points to currency headwinds and "dramatically lower" spending by foreign tourists.
Lands' End – The apparel retailer lost 21 cents per share for its latest quarter, smaller than the 31 cents a share loss that analysts had been projecting. Revenue beat estimates, and Lands' End reported a same-store sales increase of 12% for company operated stores.
Navistar – The truck maker reported better-than-expected earnings and revenue for its fiscal second quarter, and also raised its full-year revenue forecast on higher-than-projected deliveries of trucks and buses.
Box – Box reported an adjusted quarterly loss of 3 cents per share, 2 cents a share smaller than Wall Street had anticipated. The cloud storage company's revenue was also above estimates, however Box lowered its revenue forecast for the full year.
Coupa Software – Coupa earned an adjusted 3 cents per share for its latest quarter, compared to analysts' forecasts for a loss of 4 cents per share. The business software company's revenue also came in above estimates. Coupa raised its full-year revenue forecast, as well as the lower end of its earnings outlook range.
Bemis – Bemis will swap places with toymaker Mattel by joining the S&P 500 while Mattel will join the S&P MidCap 400. The moves will be effective prior to the open of trading on Friday June 7. Bemis, a maker of packaging products, is in the process of merging with Australia-based packaging company Amcor, and will take the Amcor name upon completion of the deal.
Amazon.com, Facebook — Loop Capital raised its price target on Amazon shares to $2,380 from $2,200 while maintaining a "buy" rating, and reiterated its "buy" rating on Facebook while maintaining a $200 price target. Both stocks were under pressure yesterday on the increased likelihood of federal probes into their business practices. Fellow FANG stock Netflix was upgraded to "buy" from "hold" at Loop, which raised the price target to $425, with the firm citing an "unstoppable lead" in subscription video streaming.
Fiat Chrysler – Fiat Chrysler's bid to buy French automaker Renault is running into opposition from activist hedge fund CIAM. The fund wrote to the board of Renault saying the proposed $35 billion transaction is "opportunistic" and strongly favors Fiat Chrysler.
Tesla – Tesla is facing skepticism about the depth of demand for its electric cars, according to an article in today's Wall Street Journal.
Match Group – Match Group's Tinder dating app has been ordered by Russian authorities to share user data and messages with the government and with intelligence agencies.
Uber – Both Mizuho and Deutsche Bank rate Uber a "buy" in new coverage. Deutsche Bank calls the ride-hailing service the most attractive internet IPO since Facebook, while Mizuho points to Uber's category leading position in ride sharing. Other new ratings on Uber come from Macquarie (outperform), William Blair (outperform), Oppenheimer (outperform), SunTrust (buy), RBC (outperform), and BTIG (buy). Cowen (outperform), Needham (buy), and Bank of America/Merrill Lynch (buy). The flurry of ratings come as the quiet period ends for banks that helped underwrite Uber's IPO. Separately, Uber is under a federal income tax examination by the Internal Revenue Service for tax years 2013 and 2014, the ride-hailing company said in a filing on Tuesday.