The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
"I think if yields roll over and start slipping, we may see renewed pressure on stocks," UBS' Art Cashin says.Marketsread more
These are the stocks posting the largest moves midday.Market Insiderread more
Shares of chipmaker Micron rose Monday following an upgrade from Goldman Sachs, which says it's more bullish on memory chip stocks.
Shares jumped 3.67% on Monday after Goldman upgraded Micron to buy from neutral and raised its 12-month price target to $56 from $40. The new price target is 23% higher from current levels.
"We are now more positive on global memory stocks. ... We believe that Micron's stock will trade more on memory pricing trends and intermediate term EPS expectations than FY20 earnings," Goldman Sachs' Mark Delaney said in a note to clients on Sunday.
Goldman said it had been "cautious" on near-term fundamentals of memory chip companies because excess inventory would lead to weaker pricing in the near-term.
"We now believe that inventory at the memory companies ... is being depleted faster than we previously expected. In addition, we continue to expect the underlying rate of production to fall below longer-term demand growth in 2020," said Delaney.
Delaney said he expects Micron's full-year 2020 earnings per share to be below Wall Street expectations but full-year 2021 earnings per share will be 30% above estimates.
The firm raised its full-year 2019, 2020 and 2021 earnings per shares estimates.
—With reporting from CNBC's Michael Bloom.