Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act he would pick a replacement for Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread 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
These are the stocks posting the largest moves midday.Market Insiderread more
Check out which companies are making headlines before the bell:
Winnebago – The recreational vehicle maker reported adjusted quarterly profit of 62 cents per share, 1 cent a share below estimates. Revenue beat forecasts, however, and the company said it saw an increase in sales growth, market share, and profit margin during the quarter.
General Mills – The food maker beat estimates by a penny a share, with adjusted quarterly profit of 79 cents per share. Revenue also came in above consensus. However, General Mills lowered its adjusted earnings growth forecast to flat to up one percent from the prior outlook for a three to four percent increase. The company cited increasing cost pressures.
Apple – The Wall Street Journal reports that executive Jimmy Iovine will transition into a consulting role in August and step back from daily involvement in the company's streaming music business. Separately, Apple has lost its formerly dominant position in the education marketplace to Alphabet's Google unit and Microsoft, according to a report in the Washington Post. Google is now shipping 60 percent of technology to schools, with Microsoft at 22 percent. Apple's iOS is at 12.3 percent, with the MacOS at 4.7 percent.
Monsanto – The European Union approved the acquisition of the agricultural chemical company by Germany's Bayer, after Bayer agreed to a series of asset sales. The deal is still under review by U.S. officials.
FedEx – FedEx reported adjusted quarterly profit of $3.72 per share, easily beating the consensus estimate of $3.11. The delivery company's revenue also beat forecasts on the strength of higher prices and an improving economy. Daily package volume was higher by six percent during the quarter compared to a year earlier.
MuleSoft – MuleSoft agreed to be bought by Salesforce.com for $44.89 per share in cash and stock, representing a 36 percent premium over the software company's Monday close. MuleSoft stock had risen during Tuesday's session on reports that a deal was near. The total value of the deal is $5.9 billion, excluding assumed debt.
Facebook – Facebook faces an investor lawsuit over the controversial use of its data that has hit its stock over the past two trading days. The lawsuit – filed in San Francisco federal court – comes from shareholders who said they suffered losses following the disclosure that U.K.-based Cambridge Analytica had improperly obtained user information.
Tesla – The automaker's shareholders will vote today on CEO Elon Musk's compensation arrangement, based entirely on a rise in Tesla's market value over the next decade. Pension fund CalSTRS said it opposes the arrangement, saying the potential negative impact on shareholders is too large.
Johnson & Johnson — Chief Financial Officer Dominic Caruso will retire in September after 19 years with the company. He'll be succeeded by vice president of investor relations Joseph Wolk.
Steelcase – Steelcase reported quarterly profit of 24 cents per share, beating estimates by 8 cents a share. The office furniture maker's revenue also beat forecasts. Steelcase said its quarterly performance was better than it had anticipated, especially in the Americas and the Europe, Middle East, and Africa regions.
WellCare Health – The health insurer was upgraded to "outperform" from "market perform" at Wells Fargo, citing the company's progress in executing its multiyear plan to improve performance.
Match Group – Guggenheim downgraded Match to "neutral" from "buy," saying the price for the dating service's stock has reached premium levels and that it sees a lull in subscriber growth coming.