Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Check out which companies are making headlines before the bell:
Pepsico—The beverage and snack maker reported adjusted quarterly profit of $1.32 per share, 8 cents above estimates, with revenue also beating forecasts. Pepsi's profit margins expanded during the quarter, and it raised its full-year forecast although it adds that currency will have a negative impact of 11 percentage points on full-year profit.
Walgreens Boots Alliance—The drug store operator earned an adjusted $1.02 per share for its latest quarter, 15 cents above estimates, though revenue was shy of forecasts. Walgreens also raised its full-year earnings forecast, and increased its quarterly dividend by 6.7 percent to 36 cents per share.
Avon—Avon sold its UK-based skin care brand Liz Earle to Walgreens Boots Alliance for about $215 million in cash.
L Brands—The Victoria's Secret parent reported a 3 percent increase in same-store sales for June, below the Thomson Reuters estimate for a 3.4 percent increase.
Netflix—Nomura raised its price target on Netflix to $750 per share from $600, on forecast for stronger than expected worldwide subscriber growth.
AstraZeneca—The drug maker sold the rights to its gastrointestinal drug Entocort for $215 million to help fill a short term revenue gap. The buyer is Switzerland-based Tillotts Pharma.
MasterCard—The European Union has filed formal charges against the credit card issuer over its cross-border fees. MasterCard could eventually be fined if the EU's preliminary opinion is confirmed.
Panera Bread—Goldman Sachs upgraded Panera to "neutral" from "sell," saying while it is concerned about "competitive intrusion," it's incrementally more positive about near-term increases in same-restaurant sales for the casual dining chain. In the same report, Goldman downgraded Shake Shack to "sell" from "neutral," and Dunkin' Brands to "neutral" from "buy," both on valuation.
Alcoa—The aluminum producer reported adjusted quarterly profit of 19 cents per share, 3 cents below estimates, although revenue was above forecasts. Alcoa also raised its forecast for an ongoing global aluminum surplus, which has been pressuring prices for nearly a year.
United Technologies—Lockheed Martin and Textron are the final bidders for the company's Sikorsky Aircraft unit, according to a Reuters report which said a final decision would be made by the end of the month.
IBM—IBM will announce a breakthrough this morning in semiconductor development, developing chips with much smaller circuitry and more powerful than those currently on the market.
Yahoo—Yahoo has released a new version of its fantasy sports mobile app that allows legal online gambling.
Johnson & Johnson—J&J's experimental psoriasis treatment performed better than a rival drug in a study funded by the company. The drug known as "guselkumab" is currently in the final stage of patient testing.
Walt Disney—Disney won a new 30-year entertainment tax ban extension from the Anaheim City Council, in exchange for pledging a $1 billion expansion for its theme park complex.
ConAgra—ConAgra is adding two directors to its board, including former Nestle USA CEO Bradley Alford. Alford had been nominated by activist hedge fund Jana Partners, which took a stake in the food company last month.
WD-40—The lubricant maker fell short on the top and bottom lines with its latest earnings report, and also cut its guidance for the year. The company cites the strong dollar and quality problems in Asia for a slide in sales.
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