It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.Retailread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
The market rebound this week hasn't convinced the strategist predicting a "Lehman-like" sell-off that the risk is completely off the table.Marketsread more
Check out the companies making headlines in midday trading:
Apple— Shares of Apple fell 2% after receiving a downgrade from Wall Street on Monday. Rosenblatt Securities cut the stock to sell from neutral saying it sees Apple's fundamentals "deteriorating." Meanwhile, Needham added Apple to its "conviction list" as it sees value in the company's shift to consumer services.
NetApp— Shares of data services company NetApp dropped 3.2% after Citi downgraded the stock to sell from neutral and lowered its price target to $55 from $67. Citi said that NetApp's shares and margins are being pressured by recent competitiveness from companies like Dell, HPE, Pure Storage and Nutanix.
CrowdStrike— Shares of CrowdStrike rose more than 5% but closed down 0.45% after many Wall Street firms started new coverage of the cybersecurity solutions company with a buy. Bank of America initiated the stock with a buy rating, saying CrowdStrike is well positioned to "disrupt" the security market, which will grow into a $7 billion industry. Mizuho and Neeham both initiated coverage with a buy rating and a $80 price target. J.P. Morgan started out with a buy rating on the stock and a $100 2020 year-end price target. Barclays initiated coverage with an overweight rating and $80 price target. The stock went public last month.
Symantec— Shares of software company Symantec jumped 2.4% after Bloomberg reported on Sunday that Broadcom will likely finalize its acquisition of Symantec in mid-July. The report said the final cash offer from Broadcom would value Symantec above $22 billion including debt.
F5 Networks— Shares of F5 Networks, a cloud and security software company, fell 3.8% after Goldman Sachs downgraded the stock to sell from neutral, citing earnings risks from a "weaker short-term spending environment" and increased competition.
Bank of New York Mellon— Shares of Bank of New York Mellon fell 3.4% after Morgan Stanley downgraded the stock to underweight from overweight saying it sees fewer positive catalysts to lift the stock going forward.
Deutsche Bank—The German multinational banking company's stock dropped 5.4% after its weekend announcement of its restructuring plan revealed the bank will cut 18,000 jobs and pull back from global equity trading and investment banking.
Juniper Networks— Shares of Juniper Networks dropped 3.5% after Citi downgraded the networking and cybersecurity solutions provider to sell from neutral and lowered its price target to $24 from $28. Citi cited recent increased competitiveness from Arista and Cisco and "lofty" second half expectations.
JetBlue— Shares of JetBlue ticked up 1.4% after Credit Suisse upgraded the airline to neutral from underperform, citing strong seasonal vacation demand, strong cost and revenue initiatives and quieter investor expectations.
— CNBC's Michael Bloom, Mallika Mitra, Marc Rod and Elizabeth Myong contributed to this report.