Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains travelling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Harvey, as a tropical storm, made its second landfall early this morning in western Louisiana. As a hurricane, Harvey hit southeast Texas late Friday and in the ensuing days dumped record rainfall and brought devastating flooding to the Houston area. Weakened levees there were in danger of failing and rivers have yet to crest. (AP)
*Second major shelter for Harvey evacuees opens (AP)
President Donald Trump, who observed the federal government's Harvey response in Texas Tuesday, is expected to lay out his vision for tax reform today in Missouri. The speech was reportedly shaped by top nationalist White House aide Stephen Miller. Trump is likely to focus on eliminating deductions that primarily favor high-income taxpayers. (Politico)
*Republican tax plan poses risk to US bond market (WSJ)
Defense Secretary Jim Mattis kicked Trump's proposed ban on transgender people serving in the military down the road, announcing that transgender service members will continue to be allowed to serve pending the results of a study. (NYT)
The United Nations condemned North Korea's "outrageous" firing of a ballistic missile over Japan, demanding that the isolated country halts its weapons program but held back on any threat of new sanctions. (Reuters)
*US sanctions are very bad news ... unless you're North Korea (CNBC)
*Trump wants China to fix North Korea, but it isn't going to happen (CNBC)
U.K. Prime Minister Theresa May said Britain is looking at ways to replicate the trade deals that the European Union has with countries outside the bloc when it exits the EU in 2019. Businesses have repeatedly voiced concerns about how existing trade relationships will work after leaving the bloc. (Reuters)
Amazon and Microsoft are working together to extend the abilities of their voice-controlled digital assistants, Alexa and Cortana. The partnership, which the companies plan to announce early today, will allow people to summon Cortana using Alexa, and vice versa, by the end of the year. (NYT)
Expedia CEO Dara Khosrowshahi will officially be Uber's new chief. Khosrowshahi will be at Uber for an all-hands meeting today and is expected to take questions from employees. He will also meet with Uber employees in smaller groups over the next few weeks. (CNBC)
*Inside Uber's choice of a new CEO (NYT)
Uber confirmed the Justice Department is probing whether managers broke U.S. laws prohibiting bribery of officials in foreign countries. An Uber spokesman said the ride hailing company is cooperating with the probe. (Washington Post)
United Technologies is nearing a deal to buy Rockwell Collins for more than $20 billion. The companies are discussing a per-share price for Rockwell of $140 or less and could come to an agreement as soon as this weekend. (WSJ)
H&R Block (HRB) had a loss of 62 cents per share for its latest quarter. That matched forecasts, with revenue above consensus. H&R Block typically reports losses in quarters outside of its seasonal tax business.
Alphabet's (GOOGL) Google unit is unveiling new augmented reality app tools today for mobile devices that use its Android operating system.
Amazon's (AMZN) Whole Foods unit still has relatively high prices despite selective price cuts following Amazon's takeover. That's according to an analysis published by Gordon Haskett Research Advisors analyst Charles Grom.
Target (TGT) is planning to scale back its use of Amazon Web Services as it tries to cut back on spending at its chief retail rival, according to sources. Those sources tell CNBC that Microsoft is among those competing to provide web services to Target.
Goldman Sachs (GS) plans to detail a turnaround strategy for its bond-trading unit next month, according to a Reuters report.
Houston Texans defensive end J.J. Watt launched an online relief fund for Hurricane Harvey victims Sunday with an initial goal of raising $200,000. It quickly surpassed its initial goal and the fund has raised more than $4 million and is still growing. (Sports Illustrated)