Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
Buying JPMorgan Chase' stock could help investors protect themselves from this volatile market, Brennan Hawken of UBS Investment Bank said Tuesday.
"At this point, there is only one of the bulge-bracket investment banks trading above tangible book value. That's JPMorgan, which has been a little bit of a safe haven to the extent any of these stocks have been safe havens in the market like this," the analyst told CNBC's "Power Lunch. "
The biggest U.S. bank by assets reported fourth-quarter earnings per share of $1.32 on revenue of $23.7 billion on Thursday. Analysts expected JPMorgan to post earnings per share of $1.26 on revenue of $22.86 billion, according to a Thomson Reuters consensus estimate.
JPMorgan's stock fell slightly Tuesday.
However, Larry McDonald, managing director and head of the U.S. macro strategy at Societe Generale, said Tuesday he believes U.S. banking stocks face risk from overseas.
"I feel a lot better about U.S. banks today than any period in last five years, but you have to look at credit default swaps on South Africa, Brazil, Petrobras; these things are moving very fast. That's really driving bank price risk in terms of stocks of banks," he told CNBC's "Squawk on the Street. "
He also noted that risks from lower oil prices are weighing on the banking sector as well. U.S. crude closed at $28.46 a barrel, its lowest settlement since September 2003.
UBS' Hawken, however, said that oil only constitutes a small portion of the books within big banks.
"They're often very, very small portions of the balance sheet. In the example of the money centers, the BofAs, JPMorgans of the world, you're talking about 2, 3 percent of loan books. They're building reserves and holding reasonable amounts of reserves against them. And to a large degree, these are investment-grade credits. They're not really the things you need to be too worried about at this stage," he said.
— CNBC's Tom DiChristopher contributed to this article.