As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
J.P. Morgan Chase chief Dimon says he doesn't think the U.S. is close to recession and called the Fed's Powell "a quality human."Marketsread more
Check out the companies making headlines in midday trading.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown, says CNBC's Jim Cramer.Investingread more
Fans of "The Princess Bride" are screaming "inconceivable!" after the CEO of Sony Pictures Entertainment said pitches had been made by "very famous people" to remake the...Entertainmentread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Check out which companies are making headlines before the bell on Wednesday:
AutoZone - The auto parts retailer reported fiscal fourth quarter profit of $10.42 per share, beating estimates by eight cents, with sales also exceeding estimates.
Ross Stores - Ross has been added to the "conviction buy" list at Goldman Sachs, which removed Dollar Tree. Goldman calls Ross a "long-term disruptor" with strong growth prospects, while Dollar Tree drops off the list on a valuation basis.
Carnival - The stock continues a post-earnings report swoon as a handful of firms have downgraded the cruise line operator's stock this morning.
Facebook - Canaccord Genuity began coverage on Facebook with a "buy" rating.The shares are currently trading near an all-time high.
Ctrip.com-The travel site's shares were upgraded to "buy" from "hold" at Deutsche Bank, based on strong travel booking volumes.
Crown Holdings- Crown cut its current quarter earnings guidance below Wall Street estimates. The packaging company cites lower than expected demand in certain markets, and also announced plans to cut 300 jobs in Europe.
Noble Corp - Noble will spin off its older oil drilling rigs into a separate company that may go public next year. Noble is trying to command a higher valuation for its best drilling assets.
Wells Fargo- The bank will have to face a Justice Department suit over alleged mortgage misconduct, after a judge rejected its move to dismiss the suit. The judge did, however, narrow the scope of the case, dismissing any claims filed before June 25, 2009.
Netflix - Netflix is seeking more new Netflix-only versions of "Arrested Development", although chief content officer Ted Sarandos told a conference that details still need to be worked out.
BlackBerry - BlackBerry executives sold stock on the same day the company announced significant job cuts and warned of a sizable loss. Canadian filings show CEO Thorsten Heins and CFO Brian Bidulka sold a little over half of newly vested shares on September 20, although there was no wrongdoing involved. The shares were sold automatically as part of a plan to cover taxes when shares vest.
—By CNBC's Peter Schacknow
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