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
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread 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
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
General Motors is preparing to take on Uber, Lyft and other ride-hailing companies with its own self-driving ride-hailing service by 2019.
"As we first launch autonomous and ride-sharing fleets, we believe the biggest opportunities are in the coastal areas," General Motors CEO Mary Barra told analysts as she and other GM executives updated investors on the company's strategy for autonomous-drive vehicles.
The automaker is already operating self-driving Chevy Bolts in San Francisco as part of a beta test run by the company's subsidiary, Cruise Automation.
Dan Ammann, the president of GM, says the automaker is rapidly making progress on its goal of safely operating self-driving cars in complex urban environments.
"We want to demonstrate to people how much progress has been made to our overall mission, which is to deploy this technology at very large scale and the most complex environments with the right safety," Ammann told CNBC.
In addition to ensuring that its self-driving cars can safely transport passengers to their destinations, General Motors says the key will be bringing down the cost of those rides.
GM expects the initial cost to passengers of early stage autonomous-drive ride-share vehicles in San Francisco will be roughly $1.50 per mile, 40 percent below the cost of ride-hailing services operated with a human driver.
The automaker is still developing its business plan, however, and is far from announcing the start of a ride-hailing service or how much rides in self-driving Chevy Bolts might cost.
"This technology will continually and rapidly improve once it's launched," Ammann told analysts.
GM's announcement that it plans to start a self-driving ride-hailing service comes less than a month after Waymo, formerly known as the Google Self Driving Car Project, said it will start a ride-hailing service in the Phoenix area using self-driving Chrysler minivans.