Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Check out the companies making headlines before the bell:
Target – The retailer earned an adjusted $1.09 per share for the third quarter, 3 cents a share below estimates. Revenue exceeded forecasts, however, and comparable-store sales were up 5.1 percent, just slightly below the Refinitiv estimate of a 5.2 percent increase.
Best Buy – The electronics retailer beat estimates by 8 cents a share, with adjusted quarterly earnings of 93 cents per share. Revenue and comparable-store sales also beat Street forecasts, and Best Buy raised its full-year financial guidance.
Kohl's – Kohl's earned an adjusted 98 cents per share for the third quarter, 2 cents a share above estimates. Revenue came in above analysts' projections. Comparable-store sales rose more than expected, and the retailer raised its full-year guidance.
Lowe's – The home improvement retailer reported adjusted quarterly profit of $1.04 per share, beating estimates by 6 cents a share. Revenue topped forecasts. Comparable-store sales rose less than expected, however, and a full-year EPS forecast of $5.08-$5.13 was short of a consensus estimate of $5.15 a share.
Medtronic – The medical device maker beat forecasts by 7 cents a share, with adjusted quarterly profit of $1.22 per share. Its revenue beat estimates and Medtronic raised its full-year organic revenue growth guidance.
Campbell Soup – Campbell earned an adjusted 79 cents per share for its latest quarter, 9 cents a share above estimates. Revenue also exceeded forecasts. The company said it is seeing improved trends in soup sales and a return to growth for its V8 business.
Hormel – The maker of Spam, Dinty Moore, and other food brands beat estimates by 2 cents a share, with adjusted quarterly profit of 51 cents per share. Revenue was very slightly below forecasts, however. Hormel also announced a 12 percent dividend increase.
Intuit – Intuit reported adjusted quarterly earnings of 29 cents per share, beating the consensus estimate of 11 cents a share. The financial software company's revenue also came in above Street forecasts. The maker of TurboTax software also gave an upbeat forecast for the current quarter.
Urban Outfitters – Urban Outfitters came in 8 cents a share above estimates, with quarterly profit of 70 cents per share. The apparel retailer also reported better-than-expected revenue and reported a better-than-expected 8 percent increase in comparable-store sales.
L Brands – L Brands beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. The Victoria's Secret parent saw revenue come in slightly above estimates. The company raised its full-year guidance, but also announced it was cutting its annual dividend in half to $1.20 per share. L Brands also appointed John Mehas, the president of women's apparel and accessories brand Tory Burch, as CEO of the Victoria's Secret unit effective in early 2019. Victoria's Secret sales have fallen in seven of the past eight quarters.
Boston Scientific – Boston Scientific offered to buy British drug maker BTG for about $4.24 billion in cash. The medical device maker's bid represents a premium of nearly 37 percent over BTG's Monday closing price, and the company said it would recommend the deal to its shareholders.
Pure Storage – Pure Storage reported adjusted quarterly profit of 13 cents per share, 4 cents a share above estimates. The data storage company's revenue came in above estimates and Pure Storage raised the low end of its full-year earnings outlook range.
Agilent Technologies – Agilent reported adjusted quarterly profit of 81 cents per share, beating estimates by 7 cents a share. The life sciences company's revenue also topped Street forecasts and the company announced a $1.75 billion share buyback program.