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
The ongoing war of words between Beijing and the U.K. over an apparent reluctance to develop a new nuclear plant in the west of England has escalated, with a piece in Chinese state-backed news outlet Xinhua accusing the U.K. of "China-phobia".
The surprise announcement last month that the U.K. was delaying a decision on a planned nuclear power plant at Hinkley, in which China is one of the major investors, has thrown what had looked like a new golden era of relations between the two countries into apparent disarray.
"London's misgivings over Chinese involvement in its key infrastructure is yet another stroke of China-phobia," the Xinhua editorial, by writer Zhu Junqing, argued.
Theresa May, who succeeded David Cameron as Prime Minister in July after he resigned following the surprise vote by the U.K. to leave the European Union, wrote to China's President Xi Jinping and Premier Li Keqiang this week to smooth ruffled feathers. This move was praised as "a laudable first move in the right direction" by the Xinhua piece.
The new Prime Minister will travel to China in September for a G20 summit.
She had previously not been part of the heavy courting of China by her predecessor, and one of her top aides, Nick Timothy, had published articles warning of the security implications of involving China in the U.K.'s nuclear plans.
"It is impossible and commercially suicidal for the Chinese side to manipulate the project at its own will," Zhu wrote.
The author also warned: "After divorcing the EU, Britain would be foolish to decline stronger trade ties with China."