The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
Mortgage interest rates surged last week to their highest level in a month, and consequently homebuyers turned on their heels.Real Estateread more
One semiconductor stock has soared above the rest since spring, and one of its biggest cheerleaders sees a larger breakout ahead.Trading Nationread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Check out the companies making headlines midday Monday:
Ulta Beauty, Sally Beauty — Shares of the beauty products companies fell after Amazon launched its own beauty store for professionals. Ulta shares slid more than 2% while Sally Beauty's stock dropped more than 16%.
International Paper — International Paper shares fell 2.9% after a Stephens analyst downgraded the stock to equal weight from overweight, citing unpredictability in containerboard pricing, which the analyst said had decreased investor confidence.
Bristol-Myers Squibb — The pharmaceutical company's stock dropped more than 7% after Bristol announced its $74 billion acquisition of Celgene has been delayed until the end of the year or in early 2020. The two companies had said the deal would close in the third quarter of 2019. Bristol also reported disappointing phase 3 results for its liver cancer drug, CheckMate-459.
Dunkin' Brands — The fast-food restaurant company's stock increased 1.9% after analysts at Wedbush upgraded it to outperform from neutral. They cited improved sales growth due to successful operations and marketing.
Deere — Shares of farming equipment maker Deere rose 1.6% after Jefferies upgraded the stock to buy from hold and raised it price target to $190 from $150. The firm said that despite five years of depressed agriculture fundamentals and recent trade tensions threatening business, the farming cycle is turning and Deere is well positioned.
Electronic Arts — Shares of Electronic Arts rose 3.9% in after Stephens designated the stock a "best idea." The second season of the gaming company's Apex Legends is set to begin next month, and Stephens estimates the game could bring in $150 million in revenue. Stephens has a price target of $120 per share on EA, more than 20% above its current price.
United Technologies — United Technologies climbed 1.1% after Cowen upgraded the industrial company to outperform from market perform. Cowen cited potentially improving margins in United's aerospace business and the proposed merger with Raytheon as reasons for the upgrade, writing: "UTX's demonstrated ability to combine technologies in its integrated 787 electrical power/environmental control system win bolsters our confidence it can do the same with RTN."
Hostess Brands — Hostess Brands ticked up 2.7% after a UBS analyst upgraded the snack company to buy from neutral. The analyst identified three reasons for the upgrade: accelerating sales trends, the recent acquisition of a Chicago Bakery facility and strong free cash flow growth.
Caesars Entertainment — Caesars shares surged 14.5% after the casino operator agreed to be bought out by Eldorado Resorts for $17.3 billion in cash and stock, including debt.