Stocks traded higher on hopes the Fed chief will confirm expectations of easier monetary policy at a central banking summit this week.US Marketsread more
A Volkswagen spokesperson called the report that CEO Herbert Diess is interested in buying a stake in Tesla "completely unfounded."Technologyread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Michael Burry thinks GameStop still has upside as Sony's and Microsoft's upcoming consoles will likely have physical optic drives.Investingread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Check out which companies are making headlines before the bell:
Johnson & Johnson — J&J is buying privately held hair care products maker Vogue International for $3.3 billion in cash. J&J said the acquisition will strengthen its position in hair care and personal care products, and it expects the deal to close during the third quarter.
Joy Global — The mining equipment maker reported adjusted quarterly profit of 9 cents per share, compared to estimates of a breakeven quarter. Revenue came in below forecasts. The company said it performed better than expected in a challenging commodity market, and analysts are noting a double-digit increase in bookings last quarter.
Box — The cloud storage company reported an adjusted loss of 18 cents per share for its latest quarter. That was 6 cents a share smaller than analysts had anticipated. Revenue was also slightly above estimates. However, the company's billings fell short of expectations, pressuring the shares.
Oracle — The business software company is the target of a lawsuit by a former senior finance manager, who said she faced retaliation for questioning cloud business accounting practices which she felt were unlawful.
Alibaba — Some of the Alibaba shares sold by Japan's Softbank were bought by Singapore state funds Temasek and GIC. The two funds each bought $500 million in shares at $74 per share, part of Softbank's overall $8.9 billion sale. Separately, Softbank said it would not use any of the proceeds from its sale to buy assets being put up for sale by Yahoo. (Disclosure: CNBC has a content-sharing partnership with Yahoo's finance site.)
Viacom — The media company's independent directors got a show of support from Keryn Redstone, granddaughter of controlling shareholder Sumner Redstone. That puts her at direct odds with Sumner Redstone's daughter Shari.
McDonald's — The restaurant operator is near a deal to move its headquarters from Oak Brook, Illinois, to the former Harpo Studios campus in Chicago, according to Crain's Chicago Business.
General Mills — The Centers for Disease Control and Prevention said flour produced at a General Mills plant in Kansas City was likely the source of an E. coli outbreak that made 38 people sick and led to a recall. The company is continuing to investigate, but said it had not found E. coli in any of its flour products nor in the manufacturing facility.
Apple — Apple plans to raise up to $4 billion in debt in Taiwan and Australia, according to Dow Jones. On Wednesday, Reuters had reported that Apple planned to sell $1 billion in debt in Taiwan. Separately, Goldman Sachs trimmed its earnings estimates for Apple, based on slower growth for the smartphone industry, and cut its price target to $124 per share from $136.
Costco — The warehouse retailer reported flat comparable store sales in May, below the consensus Thomson Reuters estimate of a 1.4 percent increase.
Phillips 66 — Phillips 66 saw Berkshire Hathaway's Warren Buffett purchase nearly 538,000 additional shares of the energy producer, according to a Securities and Exchange Commission filing. Buffett had held 76.37 million shares prior to this latest purchase.
AutoZone, Dollar General, Dollar Tree, Home Depot, Lowe's — Research firm BTIG issued "buy" ratings on these retailers in new coverage, citing them as leaders in the important categories of return on investment and comparable-store sales growth.
Nvidia — Goldman Sachs initiated coverage on the graphics chipmaker with a "buy" rating, saying Nvidia was a rare example in the semiconductor industry of a growth story. Goldman cites the proliferation of graphics chips in non-traditional markets such as automotive.
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