The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
These are the companies making headlines in the middle of Tuesday trading:
PulteGroup — Shares of the homebuilder dropped more than 2 percent after the company reported its biggest decline in orders since 2013. PulteGroup said orders fell 11.2 percent in 2018 compared to the previous year. The decline pushed the iShares U.S. Home Construction ETF (ITB) down 0.7 percent.
Pfizer – The drugmaker beat estimates by a penny a share, with adjusted fourth-quarter profit of 64 cents per share. Revenue also beat Street forecasts, however Pfizer's 2019 earnings outlook came in short of consensus. The company is expecting a hit from the loss of patent protection on its Lyrica pain treatment.
3M – Shares climbed 3 percent in trading after the consumer goods manufacturer reported solid fourth-quarter earnings of $2.31 a share, just above Wall Street expectations. Revenue also came in as expected, while 3M lowered its previous guidance for 2019 earnings due to "the current external environment," the company said.
Xerox – Xerox shares jumped about 10 percent after the company posted better-than-expected earnings guidance for 2019. Xerox said it expects adjusted 2019 earnings per share to range between $3.70 and $3.80.
GameStop – GameStop shares plummeted 27.6 percent after the video-game retailer announced it has abandoned plans to pursue a sale. The stock was on pace to record its biggest one-day decline since Dec. 19, 2002, when it plunged 30 percent.
Sanmina — The electronics manufacturing services company posted better-than-expected earnings and revenue, sending its shares up more than 17 percent midday. CEO Michael Clarke also said "our customer base and pipeline remain solid" moving forward.
Square — Shares of the payments company stumbled after Raymond James downgraded the stock to "underperform," citing a lack of growth opportunities and its move into banking. Raymond James' new fair value price is roughly 30 percent below where the stock closed on Monday.
Harris – is up more than 8 percent after the tech company posted stronger-than-expected earnings on Tuesday, while raising guidance for fiscal 2019. Harris reported fiscal 2019 second quarter revenue of $1.7 billion, up 9 percent compared with the prior year.
L3 Technologies – Shares surged more than 7 percent after the company Tuesday reported earnings that topped expectations. L3's $3.10 earnings per share in the fourth quarter beat the Street's estimates of $2.71, according to FactSet.
Corning — The smartphone screen maker rose more than 10 percent and was headed for its best day since July 25. The stock rose after Corning reported better-than-expected earnings and revenue.