UPDATES FOR 6/16

WEINER TO RESIGN

Rep. Anthony Weiner has announced he will resign today. A press conference is scheduled at 2 P.M. ET. Read more about it here, via FOX News.

RUSSIA AND CHINA STRENGTHEN ENERGY RELATIONSHIP

Russia and China agree to strengthen bilateral trade to $200Billion by 2020. Russia and China to for "long-term strategic energy relationship." Read more about it here, via The Hindu.

RIMM TO REPORT AFTER THE BELL

RIMM will report earning after the bell Thursday. Analysts expect EPS of $1.32; shares are down nearly 40% year to date. Read more about it here, via Reuters.

UPGRADES/DOWNGRADES

• UBS upgrades SPLS to buy with $19 target.
• GIS downgraded by Goldman to neutral with $42 price target.
• UBS rates BBBY neutral with $58 price target.