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 engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread 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
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
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
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread 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
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread 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.