President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were subdued on Wednesday after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
Check out which companies are making headlines before the bell:
Travelers—The insurance company reported adjusted profit of $2.52 per share, beating estimates of $2.12, though revenue was slightly below forecasts. Travelers' bottom line was helped by a significant drop in catastrophe losses.
United Technologies—The industrial conglomerate earned $1.73 per share for the second quarter, 2 cents above estimates, with revenue shy of forecasts. United Technologies also cut its full-year forecast, in part to reflect the just-announced sale of its Sikorsky Aircraft unit to Lockheed Martin.
Verizon—Verizon came in 3 cents above estimates with second quarter profit of $1.04 per share, but revenue was below Street consensus. Wireless revenue was up 5.3 percent compared to a year earlier, while FiOS revenue increased by 10 percent.
Regions Financial—The regional bank matched estimates with adjusted quarterly profit of 20 cents per share, though revenue was essentially in line. The bank's results were hurt by higher expenses and an increase in loan loss provisions.
Nike—The athletic shoe and apparel maker gave chief executive officer Mark Parker a $30 million stock award in return for remaining on the job for the next five years.
Harley-Davidson—The motorcycle maker reported quarterly profit of $1.44 per share, 5 cents above estimates, though revenue was slightly below forecasts. Harley was impacted in part by the strong dollar, which hurt international sales, but it did maintain its shipment forecast for the full year.
Lexmark—The printer and software solutions company earned an adjusted 97 cents per share for its latest quarter, 15 cents above estimates, but revenue was below forecasts. It also gave weaker than expected guidance for the full year and said it would cut about 500 jobs.
Chesapeake Energy—The natural gas producer will suspend dividend payments to save up to $240 million per year, as it deals with weak natural gas prices.
Bank of NY Mellon—The bank earned an adjusted 77 cents per share for its latest quarter, 11 cents above estimates, and revenue also exceeded forecasts. The bottom line got a boost from keeping expenses in check while seeing revenue grow.
Wolverine Worldwide—The shoe retailer beat estimates by 7 cents with adjusted quarterly profit of 27 cents per share, while revenue was well above forecasts. The company saw particularly strong growth in emerging markets and in the Asia Pacific regions.
IBM—IBM adjusted quarterly profit of $3.84 per share, 6 cents above estimates. Revenue did fall below estimates and also was down for a 13th consecutive quarter. IBM is in the midst of a significant transition toward businesses like cloud services and security solutions.
Shake Shack—Shake Shack shareholders will sell up to four million shares in a secondary offering. The restaurant chain will not receive any proceeds from the sale.
Sanmina—Sanmina beat estimates by 4 cents with adjusted quarterly profit of 53 cents per share, with revenue slightly above forecasts. The electronics manufacturer also issued upbeat guidance for the full year.
Rambus—Rambus reported adjusted quarterly profit of 13 cents per share, matching estimates, with revenue also in line. However, the chip maker issued a current quarter revenue forecast below estimates, with results being impacted by lower royalty revenue.
Ford—Ford will launch a luxury version of its best-selling F-150 pickup truck today.
Qualcomm—Qualcomm will consider a breakup as well as other options, according to The Wall Street Journal. Activist investor Jana Partners has been pressuring Qualcomm to spin off its semiconductor business and focus on the more profitable patent licensing operation.
PartnerRe—PartnerRe has received an improved takeover bid from Italy's Exor, as it tries to outbid Axis Capital for the reinsurance company. The new Exor offer includes a $3 per share special dividend, and comes ahead of a PartnerRe shareholder vote on the Axis deal scheduled for August 7.
Novartis—Novartis saw quarterly profit fall 32 percent from a year ago, hurt in part by a stronger dollar. The drug maker also saw sales of eye care drugs come in weaker than many analysts had expected.
SAP—SAP reported a 15 percent decline in quarterly profit, as its expenses rose, although operating profit for the business software company did rise slightly.
JD.com—JD.com is launching a new site to be called "U.S. Mall." The China-based online retailer will sell a variety of American brands on the site to consumers in that country.
Apple—Apple has hired ex-Chrysler executive Doug Betts, amid speculation about Apple's plans for future involvement in the auto industry. The news came from Betts' LinkedIn profile, which did not provide much other detail about his duties.
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