Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
The growth in net interest income, a main engine of banking profit, looks to slow to a halt in the back half of this year, Bank of America CFO Paul Donofrio says.Banksread more
Check out which companies are making headlines before the bell:
Intel—Cannacord upgraded the chipmaker's stock to "buy" from "hold," saying Intel's fundamentals have improved. It also noted the 15 percent year-to-date drop, including Thursday's decline following a cut by Intel for its revenue forecast.
The Buckle—The apparel and accessories retailer earned $1.25 per share for its latest quarter, beating estimates by 1 cent. Revenue was also above estimates as comparable store sales rose 1.1 percent from a year earlier.
Toyota—According to an IOC statement, the automaker has signed an agreement to be a leading sponsor of the Olympic Games until 2024.
El Pollo Loco—The restaurant chain reported adjusted quarterly profit of 14 cents per share, 2 cents above estimates. El Pollo Loco's revenue also beat forecasts, and its forecasts for 2015 are largely above estimates. The company is projecting same-restaurant sales to increase by three to five percent this year.
Aeropostale—The apparel retailer earned an adjusted 1 cent per share for its latest quarter, compared to analyst forecasts of a 3 cents per share loss. Revenue came in above forecasts, but Aeropostale's current-quarter forecast is for a wider-than-expected loss due to weak mall traffic.
Ulta Salon—The beauty supplies retailer beat estimates by 8 cents with quarterly profit of $1.35 per share, with revenue slightly above forecasts. Comparable store sales for Ulta were up 11.1 percent, well above estimates of 7.5 percent.
Fiat Chrysler—CEO Sergio Marchionne told Bloomberg News a business combination with General Motors or Ford Motor is "technically feasible." Marchionne has said many times in the past that only the largest automakers will be able to survive long term.
Pfizer—Pfizer's pain drug Lyrica did not meet goals in a study that examined its effectiveness in treating adolescents with fibromyalgia.
Herbalife—Dow Jones reports that prosecutors are interviewing people tied to investor Bill Ackman in a case involving potential manipulation of Herbalife's stock. Ackman has had a long-standing short position in Herbalife, saying the nutritional supplements maker is a pyramid scheme. He told CNBC he has not heard from the FBI or the Justice Department, and that he's happy to answer any questions they may have for him.
Zumiez—The retailer said it would earn 8 to 10 cents per share for the current quarter, below analyst estimates of 14 cents. The seller of teen apparel and sports equipment also sees same-store sales up three to four percent this quarter.
Questions? Comments? Email us at firstname.lastname@example.org