Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
U.S. stock futures were under pressure this morning, with a nearly 2% drop in Boeing (BA) shares on new safety concerns creating about a 50-point drag on Dow futures. Investors are also focusing on U.S.-China tensions as The Wall Street Journal reports that Chinese President Xi Jinping is expected to present President Donald Trump with terms for settling a trade deal. (CNBC)
* Bitcoin shows its volatility again, plunges $1,500 in less than 24 hours after exchange outage (CNBC)
On today's economic calendar, the government is out with its final reading of first-quarter gross domestic product at 8:30 a.m. ET. At the same time, the government releases its weekly report on initial jobless claims. At 10 a.m. ET, the National Association of Realtors releases pending home sales for May.
Dow stock Walgreens Boots Alliance (WBA) is out with quarterly earnings this morning, along with Accenture (ACN), Conagra Brands (CAG) and McCormick (MKC). Dow component Nike (NKE) issues its quarterly numbers after today's closing bell.
* Walgreens posts quarterly earnings beat as prescription drug sales rise (CNBC)
Shares of Rite Aid (RAD) were off about 10% in premarket trading after the drugstore chain reported a wider-than-expected loss and revenue that missed estimates. Amazon (AMZN) launched a new pickup option called "Counter," and Rite Aid (RAD) is its first partner. (Reuters)
Tonight is the second night of the Democratic party's first 2020 presidential debate. Onstage tonight are former Vice President Joe Biden, Sen. Bernie Sanders, former Gov. John Hickenlooper, Mayor Pete Buttigieg, Sen. Kamala Harris, Andrew Yang, Sen. Kirsten Gillibrand, Sen. Michael Bennet, Rep. Eric Swalwell and Marianne Williamson. (Time)
Last night, 10 other Democratic candidates faced off for the first time in Miami, making repeated appeals to the working class and targeting corporations. The first debate showed a Democratic field itching to prove a populist bent in a party that has increasingly argued that large corporations have prospered while consumers have suffered. (CNBC)
* Democrats clash over 'Medicare for all' in first debate (CNBC)
* 2020 Democratic candidates split on the biggest threats to the US (CNBC)
* Four takeaways from the first Democratic debate (WSJ)
To draw attention away from last night's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's masthead, the leading advertisement on its homepage. It's an expensive move that cost $500,000 to $1 million, but the homepage ad could reach more than twice as many Americans as the debate. (Vox)
China's Xi is reportedly set to present Trump with a set of conditions the U.S. needs to meet before Beijing agrees to settle the 11-month trade war. Among them, according to The Wall Street Journal is removing Huawei from the U.S. blacklist and lifting all punitive tariffs.
Trump arrived in Osaka, Japan, today for the G-20 summit, where he's expected to meet with world leaders. His meeting with Xi is Saturday. Also on Trump's schedule are meetings with Russian President Vladimir Putin, German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, Indian Prime Minister Narendra Modi and Brazilian President Jair Bolsonaro. (Reuters)
Huawei is in discussions with Verizon (VZ) and other U.S. firms over royalty payments for the use of the Chinese giant's patented technology, the company's legal chief said today. He claims Sen. Marco Rubio's plan to effectively block Huawei from pursuing patent cases in U.S. courts will be a "catastrophe for global innovation." (CNBC)
* Huawei says it doesn't cooperate with Chinese military (CNBC)
Trump asked India today to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable." India slapped higher tariffs on 28 U.S. products following Washington's withdrawal this month of key trade privileges for New Delhi. (Reuters)
Paul Manafort, Trump's former campaign chairman, is set to be arraigned today in a New York court on state criminal charges, including mortgage fraud and conspiracy and falsifying business records. He was convicted last year on federal fraud changes. (Reuters)
The FAA said it has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the national grounding order. NBC News reported that FAA pilots found an issue during a simulation last week. Global Airline Group today urged regulators to coordinate on technical requirements and timelines for the safe reentry to service of the 737 Max. (CNBC)
Analysts at Credit Suisse initiated coverage of Tesla (TSLA) with a relatively bearish outlook on the electric vehicle maker, thanks in part to ambitious, old-school competitors like Volkswagen. (CNBC)
* Tesla has a secret lab trying to build its own battery cells to reduce dependence on Panasonic (CNBC)
Waymo, the Alphabet (GOOGL) subsidiary developing autonomous vehicles and related services, has officially expanded its reach and is now making some of its self-driving minivans available for customers of Lyft (LYFT). (CNBC)
Billionaire investor Carl Icahn is ratcheting up his fight with Occidental Petroleum (OXY) over its pending purchase of rival Anadarko Petroleum (APC) by calling for a special shareholder meeting where he hopes to win board seats. (Reuters)
Herman Miller (MLHR) reported adjusted quarterly profit of 88 cents per share, beating estimates by 10 cents. The office furniture maker also saw revenue beating forecasts and announced a 6% increase in its quarterly dividend.
National Beverage (FIZZ) reported its second straight quarterly sales decline, after the beverage maker had seen sales rise steadily for five years.
Magellan Health (MGLN) is in advanced talks for a sale to private equity firm Centerbridge Partners, according to The Wall Street Journal. However, there's no guarantee a deal will be reached for the managed-care provider.
KB Home (KBH) beat Wall Street's earnings and revenue estimates with quarterly numbers. KB Home also reported an improvement in cancellation rates as well as a larger-than-expected backlog.
Ford (F) and General Motors (GM) were rated "outperform" in new coverage at Credit Suisse, which sees GM balancing short- and long-term concerns and Ford reimagining its business.
Amazon (AMZN) is kicking off this year's Prime Day(s) with its first ever Prime Video concert on July 10. The streamed show will feature Taylor Swift, Dua Lipa, SZA, Becky G and is hosted by Jane Lynch. (USA Today)