The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Check out which companies are making headlines before the bell:
FedEx: FedEx has lowered its 2018 earnings guidance to account for the impact of a cyberattack. The shipping company also said on Tuesday that Hurricane Harvey impacted its fiscal first-quarter results. FedEx now expects earnings of between $11.05 and $11.85 per share, below its previous projection for earnings of between $12 and $12.80 per share.
Adobe: Adobe Systems reported third-quarter earnings after the bell on Tuesday that topped Wall Street estimates. However, the marketing software firm delivered a mixed outlook, causing shares to dip after hours.
Bed Bath & Beyond: Shares of Bed Bath & Beyond fell more than 14 percent in premarket trading, as the home goods retailer slashed its full year outlook on Tuesday and missed earnings estimates for the second quarter. Same-store sales — a metric closely watched by Wall Street for retail stocks — also came in lower than expected.
Wal-Mart: The big-box retailer announced that this year it will be giving its existing employees the opportunity to work extra hours during the holiday season, rather than offering those hours to seasonal workers. "These extra hours will help staff traditional roles like cashier and stocker, and newly created technology-empowered positions such as personal shoppers and Pickup associates," said Judith McKenna, Walmart's chief operating officer. Meantime, retail rival Target is bringing 100,000 temporary workers on board ahead of the holidays.
Amazon: The internet giant is reportedly working on its first wearable device — a pair of "smart glasses," according to the Financial Times. The device would be capable of interacting with Amazon's Alexa, the report said, citing people familiar with the company's plans.
L Brands: L Brands, the parent company of Victoria's Secret, was downgraded by Cowen & Co., which cited "fundamental new competition in the sport bra market," among other obstacles in retail. Cowen analyst Oliver Chen said the company must add more digital components to its brick-and-mortar locations in order to "stimulate demand to drive store traffic."
Pfizer: Pfizer was upgraded to "overweight" from "equal-weight" at Morgan Stanley. The firm cited investors underappreciating the global prospects for Pfizer's "No. 1 growth driver," as it relates to breast cancer, and "M&A optionality." The prospect of U.S. tax reform offers additional optionality, Morgan Stanley analyst David Risinger said.
Mattel: The toymaker's stock is beginning to rebound after investors traded off shares ahead of Toys R Us — one of its biggest retail partners — filing for bankruptcy. Hasbro and Jakks Pacific are among some of the other vendors for Toys R Us that have watched their stocks tumble over the past few weeks. Now, though, with more certainty about Toys R Us' plans ahead of the holidays, toy manufacturers have less to worry about, analysts are saying.
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