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
The report is a chance for Netflix to prove how it plans to compete against legacy media companies that are now expanding into streaming.Technologyread 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
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
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
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.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
Check out which companies are making headlines before the bell:
Morgan Stanley – The investment bank reported adjusted quarterly profit of 84 cents per share for the fourth quarter, 7 cents a share above estimates. Revenue also came in above Street forecasts. The company said it saw growth across all its business segments during 2017.
Wal-Mart – Goldman Sachs upgraded the retailer's stock to "buy" from "neutral" and added it to its "Conviction Buy" list, noting that the consumer economy reached "escape velocity" in late 2017. The move comes a day after Citi added Wal-Mart stock to its "Focus" list.
Apple – Apple will give out $2,500 restricted stock bonuses to employees, according to a Bloomberg report. That follows an earlier announcement by the company that it will pay $38 billion in repatriation taxes, with CEO Tim Cook saying the company will bring the majority of its overseas cash back to the U.S.
Alcoa – Alcoa reported adjusted quarterly profit of $1.04 per share, missing estimates by 18 cents a share. The aluminum producer also saw revenue fall short of forecasts. Alcoa said a drought in Brazil was among the factors negatively impacting its bottom line.
M&T Bank – The bank announced it would raise wages for employees as a result of tax reform. The bank said it was making the move in anticipation of an improvement in profits stemming from the new tax law.
Mellanox Technologies — Activist investor Starboard Value has begun a boardroom battle with the Israeli chipmaker. Starboard holds a 10.7 percent stake, making it the company's largest shareholder, and said it considers Mellanox deeply undervalued.
Xerox – Xerox's third-largest shareholder, Darwin Deason, wants the office equipment and services provider to disclose details of its joint venture agreement with Japan's Fujifilm. Deason said U.S. securities law requires that disclosure, but the company said it is comfortable with the current level of disclosure.
Cboe Global Markets – The exchange operator won Securities and Exchange Commission approval for a plan to allow end-of-day trading without paying fees to the New York Stock Exchange or Nasdaq. Both had leveled objections to the plan, saying it would prompt market manipulation and undermine the reliability of its end-of-day closing auctions.
Symantec – Symantec was downgraded to "underperform" from "hold" at Jefferies, which said the maker of cybersecurity software will have trouble meeting its current guidance.
Comcast – The NBCUniversal parent was cut to "neutral" from "buy" at Nomura/Instinet, which sees a possible slowdown in net subscriber additions among other factors.
(Disclosure: Comcast is parent of NBCUniversal and CNBC.)