Monday’s Vital Data: Advanced Micro Devices, Inc. (AMD), Bank of America Corp (BAC) and Tesla Inc (TSLA)

U.S. stock futures are pointing toward a broadly positive open, as sentiment on Wall Street is bolstered by a third consecutive day of rising oil prices. Meanwhile, economic data may help bolster the positive mood, with May durable goods orders and the May Chicago Federal Reserve national activity index both on tap later this morning. Turning to Friday's options activity, Advanced Micro Devices, Inc. (NASDAQ:AMD) attracted plenty of call traders after Rosenblatt Securities said that AMD bulls were “denying reality” and failing to give the company credit for its new Epyc CPUs.

Trump launches into raging morning tweetstorm on Obama, Russia, and ‘collusion’

President Donald Trump tweeted Monday morning that former President Barack Obama "colluded or...

'Pharma bro' Martin Shkreli heads into fraud trial

Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran. Prosecutors have accused Shkreli of lying to investors in the hedge fund and siphoning millions of dollars in assets from biopharmaceutical company Retrophin Inc to repay them. The trial, which will be heard by U.S. District Judge Kiyo Matsumoto in Brooklyn, is expected to last four to six weeks.

Oil steadies above November lows but under threat from U.S. supply

Oil prices steadied above last week's seven-month lows on Monday, hemmed in by a relentless rise in U.S. supply, bloated global inventories and a surge in demand for short sale contracts that signal investors see potential for a price fall. Investors in U.S. crude futures and options increased their bets against a further rise in prices, as the number of U.S. oil rigs in operation hit its highest in over three years. The rise in supplies threatens to scupper efforts by the Organization of the Petroleum Exporting Countries and its partners to reduce global oil inventories with production cuts.

Warren Buffett’s Berkshire Hathaway just made a big bet on real estate

Store Capital, a real estate investment trust, said Monday that Berkshire Hathaway invested $377...

Rick Alonzo joins Yokohama Tire

Wabco extends global supply deal with Daimler Trucks

Wabco Holdings Inc. said it's extended a long-term supply agreement with the truck division of Germany's Daimler AG for new heavy-duty automated manual transmission (AMT) control technology to support truck production mainly in Europe, North America, Japan, and South America.

Daimler Trucks, Daimler AG's truck division, operates five distinct brands serving different segments of the global commercial vehicle market: Mercedes-Benz, Freightliner, FUSO, Western Star and Bharat Benz.

read more