The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Check out the companies making headlines before the bell:
eBay – eBay said it would offer “thousands of exclusive deals” on July 17, in a press release that appears directly aimed at Amazon, though it does not mention Amazon by name. The release suggests that customers don’t need to spend money on membership fees to buy the items they want.
American Airlines, Delta Air Lines, and United Continental – The airline stocks were all downgraded to “hold” from “buy” at Deutsche Bank. The firm said airlines typically underperform the market during periods of heightened macroeconomic and geopolitical risks, pointing to the current trade tensions.
PepsiCo – The snack and beverage giant was downgraded to “hold” from “buy” at Deutsche Bank, in a valuation call with the stock rising nearly 12 percent over the past two months and outperforming rival Coca-Cola. Coca-Cola shares are up 4.7 percent over that same period.
Roku – Roku was upgraded to “outperform” from “perform” at Oppenheimer, which said the provider of streaming video devices is seeing a rapid increase in time spent on its Roku Channel just nine months after its launch.
Herman Miller – Herman Miller reported adjusted quarterly profit of 66 cents per share, 8 cents a share above estimates. The office furniture maker’s revenue also came in above forecasts. Additionally, Herman Miller announced a 10 percent dividend increase to 19 and ¾ cents per share.
CBOE Global Markets – The exchange operator will open a new venue in Amsterdam for access to European clients after Britain leaves the European Union.
Unilever – The consumer products company has completed the $8.1 billion sale of its spreads business to private equity firm KKR. The sale of the business, which includes such brands as Country Crock, was first announced in December.
Colgate-Palmolive – Colgate is close to buying a minority stake in online retail startup Hubble, according to The Wall Street Journal. The paper said Colgate wants to use Hubble to sell its household items through a home subscription service.
Campbell Soup – Campbell is being pushed by hedge fund Third Point to explore a possible sale, according to the New York Post. The food company is currently in the process of reviewing its strategic plans, and a report by the NY Post last month said Kraft Heinz may be interested in acquiring Campbell.
Goldman Sachs, Morgan Stanley – The two investment banks got help from Fed officials on the recent stress tests, according to The Wall Street Journal. The paper said the firms were told they would pass the tests if they cut planned payouts to shareholders nearly in half.
Yelp – The online review website operator cannot be forced to remove posts regarding a San Francisco law firm even though a judge said the posts were defamatory. That ruling came Monday from the California Supreme Court.
Acxiom – Acxiom’s deal to sell its marketing solutions business to ad agency Interpublic Group is now official, following reports that a deal would soon be announced. Interpublic will pay the data mining company $2.3 billion in cash for the unit.