The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, deepening...World Politicsread 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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