Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Hillary Clinton officially accepts the Democratic presidential nomination tonight, becoming the first woman of a major party to do so. The convention featured a ringing endorsement last night from President Barack Obama, who also ripped Republican Donald Trump. (CNBC)
Citing what they believe as the risks of a Trump presidency, Clinton's vice-presidential running mate Tim Kaine, the current Vice President Joe Biden, and former New York City mayor and billionaire businessman Michael Bloomberg all spoke on Day 3 in Philadelphia.
Oil will remain in the $45 to $50 per barrel range till mid-2017, with little to change the global oversupply and demand situation, Goldman Sachs said in a research note today. Crude prices were under pressure this morning, after a rough session Wednesday. (CNBC)
European oil majors Royal Dutch Shell (RDS.A) and Total (TOT) reported sharp declines in profits in the second-quarter, as the low oil price continued to weigh on earnings. Shell earnings were off 70 percent with Total profit down 30 percent. (CNBC)
Whole Foods (WFM) matched estimates with profit, with revenue slightly below forecasts. But same-store sales dropped a greater than expected 2.6 percent, putting the grocer on track for its first yearly decline in that metric since 2009. Shares were lower in the premarket. (CNBC)
Alere (ALR) received a DOJ subpoena, seeking Medicare and Medicaid billing records over the past six years. The stock closed 28 percent lower, but was recovering most of those losses in the premarket. The diagnostic testing firm said it does not believe the subpoena matters were material. (CNBC)
The U.S. watchdog for consumer finances unveiled today a major proposal to toughen regulation of the multibillion-dollar debt collection industry, including a focus on keeping agencies from pushing people to pay debts they do not owe. (Reuters)
The Labor Department is out with its weekly report on initial jobless claims at 8:30 a.m. ET, with economists expecting 261,000 new claims for the week ending July 23, up from 253,000 the prior week.
The Treasury auctions $28 billion in seven-year notes with the results available shortly after 1 p.m. ET, after extremely weak demand for 2-year and 5-year notes earlier in the week.
Alcoa (AA) announced a 1-for-3 reverse stock split, pending shareholder approval at a special meeting in October. The move comes ahead of Alcoa's plan to split into two separate companies.
GoPro (GPRO) lost an adjusted 52 cents per share for its latest quarter, 6 cents wider than estimates, though revenue did beat forecasts. The action video camera maker also reaffirmed its prior full-year forecast, despite waning demand for its products.
Groupon (GRPN) posted a quarterly loss of a penny per share, smaller than the expected 2 cent loss. The daily deals firm saw revenue beat forecasts. Groupon also increased its 2016 revenue and earnings forecasts as it adds new customers.
Cheesecake Factory (CAKE) reported quarterly profit that beat estimates but revenue that missed, as same-store sales grew by a lower than expected 0.3 percent. The restaurant chain increased its dividend by 20 percent and expanded its stock buyback.
Marriott (MAR) earned an adjusted $1.03 per share for the second quarter, 5 cents above estimates, with revenue matching forecasts. The hotel chain said slower economic growth did impact its results, but it's still seeing solid demand among both leisure and business travelers.
AstraZeneca (AZN) saw second-quarter profit drop by almost a third, as generic competition weighs on sales of its best-selling Crestor cholesterol treatment. The drugmaker previously said it plans to cut costs to devote more resources to cancer drugs.
Diageo (DEO) reported a drop in annual profit due to currency volatility, but the maker of Smirnoff vodka and other spirits brand said business was rebounding strongly in the second half of its fiscal year. It expects this to continue into the new year.
The PGA Championship, golf's final major of the season, gets underway this morning at Baltusrol in New Jersey. Henrik Stenson, who held off Phil Mickelson to win the British Open, is set to tee off at 1:45 p.m. ET. (AP)
Nobody won the jackpot in the multi-state Powerball last night, pushing the top prize for Saturday night's drawing to $478 million, the eighth-biggest U.S. lottery prize ever. (NBC News)