These are the stocks posting the largest moves before the bell.Market Insiderread more
U.S. stock futures pointed to a higher open on Monday as Treasury yields rebounded to quell fears of a possible recession.US Marketsread more
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
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
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
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
Dow to jump; Trump defends economy; Huawei hopes for US reprieve; Trump and Apple's Tim Cook meet; president ties Hong Kong protests to China trade disputeMarketsread more
We tested the best way to cut the airport commute time for New Yorkers. The most expensive of the four options we reviewed, Uber Copter, was only 14 minutes faster than mass...Transportationread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
U.S. stock futures were pointing to a lower open on Wall Street on Tuesday, a day after the Dow Jones Industrial Average, S&P 500 and Nasdaq declined for the second straight session. Investors continued to pile into bonds, pushing yields inversely lower on concerns about the U.S.-China trade war — and increasingly, the anti-government protests in Hong Kong. The Dow, S&P 500 and Nasdaq were all roughly 5% off their all-time highs set in July. China's central bank, to the chagrin of the Trump administration, set its currency weaker than 7-yuan-per-dollar for the fourth consecutive session.
The 10-year Treasury yield remained under some pressure Tuesday as the bond market moved closer to sending its biggest recession signal yet. While various yield curve pairs inverted months ago, the 2-year Treasury yield to 10-year spread looks set to go upside down any day now. The yield curve, the plot of U.S. interest rates based on maturity dates, is at its flattest level since 2007 before the Great Recession. An inversion, which happens when shorter-term rates move higher than longer-term ones, has historically been a reliable recession signal.
Pro-democracy protesters crippled operations at Hong Kong International Airport for a second day Tuesday, forcing authorities to cancel all remaining flights out of the Chinese territory. State media outlets in China warned that Hong Kong demonstrators are "asking for self-destruction" as they released a video showing Chinese military vehicles amassing near the border of the city. Hong Kong's embattled leader said that "lawbreaking activities in the name of freedom" were damaging the rule of law.
CBS and Viacom are finalizing their merger agreement, negotiating a share exchange ratio that would value Viacom at nearly $12 billion. The talks are ongoing, and nothing has been finalized, people familiar with the matter told CNBC on Monday. Shari Redstone, whose National Amusements is the principal owner of both companies, has advocated for a deal. CBS and Viacom nearly merged a year ago before a rift over who would run the combined company derailed discussions.
Uber shares were stable in premarket trading Tuesday after falling to their lowest close ever. The stock, still reeling from last week's massive second-quarter loss, dropped 7.6% to $37. Since its New York Stock Exchange debut in May, Uber has declined about 18% from its initial public offering price of $45 per share. On Monday, early Uber investor Bradley Tusk told CNBC that CEO Dara Khosrowshahi lacks the "ruthless innovation" mentality of the company's early days that turned it into a global phenomenon, and the stock reflects it.