"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
In a rare downgrade for the stock, Imperial Capital lowered its rating for Disney to in-line from outperform and maintained its target price of $147.Investingread more
Atlassian is releasing a document that's meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like...Technologyread more
The pizza chain's robo delivery program could add to store owners' options during peak times.Restaurantsread more
GM CEO Mary Barra promised the automaker would launch 20 models of electric cars by 2023, beginning early this year. That plan may stall. A slowdown in China, a ratcheting up...Evolveread more
Senior economists from both political parties say a rate cut may not work that smoothly even if the Fed says yes. And that poses risks to America's decade-long recovery as the...Politicsread more
Elon Musk, the CEO of Tesla and SpaceX, tweeted early on Monday morning that he "just deleted" his Twitter account.Marketsread more
Check out the companies making headlines after the bell:
Veeva Systems shares jumped over 7 percent during after-hours trading Wednesday as the company beat expectations for its third-quarter earnings. The cloud-computing company reported earnings of 45 cents a share on revenue of $225 million. Analysts expected earnings of 38 cents a share on $216 million, according to a consensus estimate from Refinitiv.
Veeva's fourth-quarter guidance came in above estimates. The company expects earnings per share of 40 cents versus 37 cents analysts expected. Revenue is expected to be between $226 million to $227 million.
Tribune Media jumped 6 percent in the extended session after Reuters reported that Apollo Management and Northwest Broadcasting are partnering to make a bid for the media company.
Shares of Guess plummeted over 10 percent after the retailer reported earnings of 13 cents a share, 3 cents below analysts' expectations. The company reported $605 million in revenue, beating expectations of $603 million. The company's fourth-quarter guidance was in line with expectations.
La-Z-Boy shares climbed more than 8 percent as the company beat expectations in second-quarter earnings. It reported earnings of 48 cents per share. Analysts expected 43 cents per share. The furniture manufacturer reported $439 million in revenue versus $434 million expected.
Box shares rose over 3.5 percent after the company reported narrower-than-expected losses of 6 cents per share. Wall Street predicted losses of 7 cents a share. The cloud content management company also beat revenue expectations, reporting $155.9 million versus $154.6 million expected. Box's fourth-quarter guidance was roughly in line with estimates.
Altria shares rose 1 percent after the Wall Street Journal reported the tobacco company is in talks to take a significant minority stake in e-cigarette company Juul. A deal is unlikely for several weeks, the Journal reported.