"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
CNBC's Mike Santoli breaks down the aggressive buying of "sure things" and shunning of cyclical and policy risk.Trading Nationread more
Facebook has seen an increase in the median number of comments, likes and ads clicked by users on the service from January to July, according to Audience Insights, a Facebook...Technologyread more
For investors hoping rate cuts would push the market higher, Goldman Sachs said stocks can't really go anywhere from here.Marketsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
Check out the companies making headlines before the bell:
Darden Restaurants – The parent of Olive Garden and other restaurant chains reported adjusted quarterly earnings of $1.76 per share, 3 cents a share above estimates. Revenue fell short of forecasts, however, and a comparable-restaurant sales increase of 1.6% was shy of the 2.3% consensus estimate of analysts surveyed by Refinitiv. Darden also forecast full-year profit of $6.40 to $6.45 per share, compared with a $6.46 consensus estimate.
Carnival – The cruise line operator reported adjusted quarterly profit of 66 cents per share, 5 cents a share above estimates. Revenue also beat forecast, however Carnival cut its full-year forecasts due to new restrictions on travel to Cuba as well as other factors. Rival cruise line operators Royal Caribbean and Norwegian Cruise Line are under pressure in sympathy with Carnival.
Oracle – Oracle reported adjusted quarterly profit of $1.16 per share, beating estimates by 9 cents a share. The business software giant's revenue also beat Street forecasts. Oracle's results benefited from strength in its on-premise IT offerings, as well as cloud and license support services.
Slack – Slack will debut on the New York Stock Exchange today in a direct listing. The reference price for the workplace messaging service's stock was set at $26 per share, giving it a value of about $15.7 billion.
Tesla – Goldman lowered its price target on the automaker's stock to $158 per share from $200, while maintaining a "sell" rating. Goldman said it sees a lower probability that upside volume scenarios will be achieved.
Aecom – Activist investor Starboard Value sent a letter to the infrastructure company's board and CEO saying the stock is deeply undervalued and that significant opportunities exist to unlock value. Starboard owns a 4% stake in Aecom.
GlaxoSmithKline – The drugmaker is offering concessions to European Union regulators to relieve concerns over its planned joint venture with Pfizer's consumer health unit. The EU is set to decide by July 10 whether to accept those concessions and approve the deal.
Boeing – Boeing is in talks with more airlines for sales of its currently grounded 737 Max jet, according to sales chief Ihssane Mounir. That follows a 200-jet commitment from British Airways owner IAG.
Netflix – Netflix said its "Murder Mystery" movie was watched by nearly 30.9 million account holders in its first three days, the biggest opening ever for a Netflix film.
T-Mobile – T-Mobile is preparing for an auction of its Boost Mobile prepaid unit if its talks to sell wireless assets to Dish Network fall through, according to a Reuters report. T-Mobile is seeking to sell assets to win regulatory approval for its proposed acquisition of rival Sprint.
Steelcase – Steelcase reported quarterly earnings of 15 cents per share, 3 cents a share shy of estimates. The office furniture maker's revenue also fell short of Street forecasts. The company said the revenue shortfall was due to order growth that was weighted toward the second half of the quarter.
Pier 1 Imports – Pier 1 announced a 1-for-20 reverse stock split, in order for the household goods retailer to regain compliance with New York Stock Exchange listing standards.
Dell Technologies – The computer equipment maker was rated "buy" in new coverage at Deutsche Bank, which said a likely slowdown in information technology infrastructure growth is already reflected in the stock's price, following a recent 25 percent pullback.
Hershey – Hershey was downgraded to "underweight" from "neutral" at Piper Jaffray, which said the chocolate maker has stable growth but is trading at a historically high premium to its peers.