The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
Check out the companies making headlines in the premarket Tuesday:
Acacia Communications — Acacia shares surged 38% after announcing it will be acquired by Cisco Systems for $70 per share in cash, or approximately $2.6 billion. The deal is expected to close in second half of Cisco's fiscal 2020.
PepsiCo — The beverage and snacks maker reported better-than-expected quarterly results, sending its stock up 1% in the premarket. PepsiCo posted adjusted earnings per share of $1.54 on revenue of $16.45 billion. Analysts polled by Refinitiv expected a profit of $1.50 per share on sales of $16.43 billion.
Piper Jaffray — The investment bank announced it will buy Sandler O'Neill for $485 million. Piper will pay $350 million in cash to Sandler shareholders and $135 million in stock. The combined company will be called Piper Sandler Companies. The two companies expect the deal to close by January 2020.
3M — Shares of 3M fell more than 1% after an analyst at RBC Capital Markets downgraded the Dow component to "sector perform" from "outperform." The analyst also slashed his price target on the stock to $176 per share from $207 a share. "After an unsettling string of guidance cuts, 3M's reputation as a defensive, high-quality industrial is eroding," the analyst said.
Chewy — J.P. Morgan initiated coverage of the online pet food retailer with an "overweight" rating and a $42 per share price target, citing a market share of about 50%. Analysts at UBS and Wells Fargo also initiated the stock with positive ratings.
Snap — Credit Suisse raised its price target on Snap to $18 per share from $15 a share, as the social media company still has "significant room for the company to increase the ad load in pursuit of revenue growth."
Hilton Worldwide, Marriott International — An analyst at J.P. Morgan downgraded the hotel operators to "neutral" from "overweight" as recent share performance, high valuations, "an extended cycle and decelerating industry trends all point to diminished upside from here."
Square — Raymond James upgraded Square to "market perform" from "underperform," citing a more attractive risk/reward balance. "Although the stock remains expensive … we do believe the B2B/Seller card is gaining traction and could provide enough momentum to exceed expectations in 2H19," Raymond James said.