Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
CrowdStrike shares closed up 14.8% on Friday after the cybersecurity company beat expectations for sales in its first earnings report since going public.
The rally added about $2.2 billion to the company's market cap, which now sits at nearly $16.7 billion.
Here are the results for the fiscal first quarter:
CrowdStrike said it expects a loss of 23 to 24 cents per share in its fiscal second quarter, on $103 million to $104 million in revenue. The company's forecast for the full year was a loss of 70 to 72 cents per share and $430.2 million to $436.4 million in revenue.
The company, which raised over $600 million in its IPO last month, provides cloud-based security technology and consulting services, including for investigations. After climbing as high as $85.85 on Friday, the stock has jumped more than 150% from its $34 IPO price.
CEO George Kurtz told CNBC June 12, at the company's debut, that CrowdStrike is comparable to companies like ServiceNow, Salesforce and Workday, which are all benefiting as more corporations move to cloud services.