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
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
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread 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
CrowdStrike reports first earnings report since IPO.Technologyread more
Check out which companies are making headlines before the bell:
JPMorgan Chase — The bank posted quarterly profit of $1.55 per share, 12 cents a share above estimates. Revenue also exceeded forecasts. The results were helped by the unexpected increase in revenue compared to a year ago, as well as lower expenses.
Delta Air Lines — Delta beat estimates by five cents a share with second-quarter profit of $1.47 per share. Revenue was very slightly shy of Street projections. Delta's results were helped by lower fuel prices. Separately, the airline is cutting capacity in routes between the U.S. and U.K., based on economic uncertainty from the Brexit vote and the drop in the British pound.
BlackRock — The asset manager matched estimates on both the top and bottom lines, with profit of $4.78 per share and revenue of $2.804 billion. The results come amid an investment environment that CEO Larry Fink said presents "unprecedented challenges" to clients.
Cree — The maker of lighting and semiconductor products sold its Wolfspeed division to German chip maker Infineon for $850 million in cash. Cree had previously announced plans to separate Wolfspeed, which makes power and radio frequency semiconductors.
Line Corp. — The Japan-based messaging app makes its New York Stock Exchange debut today after pricing its initial public offering at the top of the projected range. It will also debut on the Japanese market tomorrow.
Yum Brands — The restaurant chain beat estimates by a penny a share, with adjusted quarterly profit of 75 cents per share. Revenue did miss and its widely watched China comparable-store sales number was flat, but that flat performance represented a rebound. The parent of KFC, Pizza Hut, and Taco Bell also raised its profit growth outlook.
J.M. Smucker — The food producer raised its quarterly dividend by 12 percent, to 75 cents per share from the prior 67 cents a share. The dividend is payable on September 1 to shareholders of record on August 12.
UBS — UBS retained its position as the world's biggest private bank in 2015, according to a study by research firm Scorpio Partnership — that was despite a one percent drop in managed assets last year.
Volkswagen — The automaker saw its proposed recall plan for certain diesel vehicles rejected by California regulators, who said it was incomplete and deficient in a number of areas. However, the state said it would work with VW to reach a resolution.
Monsanto — The chemicals maker is exploring the acquisition of BASF's agricultural solutions unit, among other deals, according to a Bloomberg report.
Alphabet — The company's Google unit is the target of additional European Union antitrust charges relating to Google's contractual terms of its advertising service.
Viacom — The media giant is pressing ahead with plans to sell a stake in the company's Paramount Pictures unit, according to The Wall Street Journal. Company executives back the plan, but National Amusements, the holding company of Viacom founder Sumner Redstone, does not.
Cypress Semiconductor — Cypress is working with Goldman Sachs on strategic options, according to a Betaville report, with three private equity firms said to be interested in the chipmaker.
Cabela's — The sport goods retailer is near a sale to Goldman Sachs and Bass Pro Shops, according to the New York Post. The paper said other private equity suitors, including Apax Partners and TPG Capital, have dropped out.
Questions? Comments? Email us at email@example.com