These are the stocks posting the largest moves before the bell.Market Insiderread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren wrote.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
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Two traders say Boeing's on the path to recovery.Trading Nationread 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
Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend.
The world's first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more than 20%, according to data from industry site CoinDesk. Prices scaled back slightly Monday, and were trading at $10,917 as of Monday afternoon.
Analysts largely attributed bitcoin's price bump to more awareness of the digital asset class following Facebook's ambitious cryptocurrency project announced last week.
"It's clearly a positive for bitcoin, " Bart Smith, head of Susquehanna's digital asset group, told CNBC's "Squawk Box " on Monday. "If 2 billion users are on Facebook, some percentage of them start to kind of look at Libra and try to understand how it is different and similar to bitcoin — that is a positive."
Facebook unveiled a cryptocurrency project last week that will be run by a Swiss nonprofit called the Libra Association. The cryptocurrency, which is expected to go live in 2020, will not be controlled or fully run by Facebook, according to its white paper. Stripe, Uber, Mastercard, Visa, PayPal and Spotify are among the dozens of others with stakes in the project.
Circle CEO Jeremy Allaire said Facebook's involvement brought more brand recognition to blockchain — the technology that underlies bitcoin — and its potential from retail and institutional buyers.
"There's a broader understanding of crypto as an asset class," Allaire told "Squawk Box" on Monday. "Anticipation that next generation of blockchains, including what we heard about last week with Libra Association, really indicates what is ultimately going to be a massive mainstream phenomenon touching billions of people."
But it also brought attention to the possible downside. The announcement quickly caught the wary attention of Democratic and Republican lawmakers.
"We're going to move aggressively and very quickly to deal with what is going on with this new cryptocurrency," Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee, told CNBC on Thursday. "I think it's very important for them to stop right now what they're doing so that we can get a handle on this."
While Facebook and other corporate giants entering the space may have helped lead to an initial bump, Smith said the majority of the rise was due to technical levels being broken. Once the "psychological barrier" of $10,000 was broken, bitcoin "shot up," he said.
"Most of the people who trade bitcoin for profit trade it on technicals," Smith said. "There was a lot of resistance area in the upper $9,000s and that got broken."
Some have attributed bitcoin's rally this year to safe-haven buying. The cryptocurrency's volatility and transaction cost have largely kept it from being used as an everyday payment method. Instead, it's seen by some believers as a store of value, or "digital gold." That global hedge use-case seemed unlikely in 2018 after it ended the year down more than 73 percent.
But bitcoin's 190% rebound this year has coincided with the ongoing U.S.-China trade war and increased tensions with Iran. Allaire said many investors see bitcoin as being similar to gold, which has a limited and predictable supply. Gold hit a six-year high Monday.
"As a safe-haven asset, they have a lot of similarities," Allaire said.