The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The United States sees signs the Syrian government may be using chemical weapons, including an alleged chlorine attack on Sunday in northwest Syria, the State Department said...Defenseread more
Check out the companies making headlines before the bell:
JD.com – JD.com is launching an extensive revamp of its operations, according to The Wall Street Journal. The paper said the Chinese internet company is planning to split its primary unit – JD Mall — into three business departments, citing an internal document.
JPMorgan Chase – JPMorgan will pay $135 million to settle claims that it improperly handled transactions involving foreign company shares. The alleged mishandling of American Depositary Receipts (ADRs) occurred between 2011 and early 2015, according to the Securities and Exchange Commission.
Visa – The payments network operator will pay $250.6 million to buy British payments firm Earthport, which specializes in international transactions for banks and businesses.
CBS – Loop Capital reiterated a "buy" recommendation on CBS shares, saying the company has the most favorable risk/reward profile of the media companies it covers. Loop said uncertainty regarding a new CEO, the network's NFL contract, and a potential Viacom merger has driven the stock's price down to an "extraordinarily attractive level."
Nvidia – RBC Capital lowered its price target on the graphics chip maker's stock to $200 per share from $230, noting that average selling prices have coming down in secondary markets. RBC still rates the stock "outperform," however.
Plantronics – Plantronics will pay $36 million to settle foreign bribery allegations involving its Polycom unit. The alleged violations occurred prior to the acquisition of Polycom by the communications products maker earlier this year, and before a transaction that took Polycom private two years ago.
Boston Scientific – The medical device maker exercised its option to purchase the remaining shares of heart surgery device maker Millipede. It had originally made a $90 million investment in Millipede in January, with an option to buy the remaining shares for $325 million.