In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
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
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread 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
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
Check out the companies making headlines before the bell:
Hormel – The food producer matched estimates with quarterly profit of 44 cents per share, but the maker of Spam, Dinty Moore, and other food brands saw revenue come up slightly short of Street forecasts. Separately, Hormel said PepsiCo would pay $465 million in cash for its CytoSport. Hormel had announced that deal earlier this week, but had not disclosed the purchase price for the Muscle Milk maker at that time.
Nike – Nike shares are under pressure after Duke basketball player Zion Williamson was injured after his Nike shoe split during a game.
Wendy's – The restaurant chain beat forecasts by a penny a share, with adjusted quarterly profit of 16 cents per share. Revenue was short of forecasts, however, and a comparable-restaurant sales gain of 1.4 percent was shy of the 1.8 percent expected by analysts surveyed by Refinitiv.
Domino's Pizza – The pizza chain fell 7 cents a share short of estimates, with adjusted quarterly profit of $2.62 per share. Revenue was also shy of estimates. U.S. comparable-restaurant sales were up 5.6 percent, compared to Refinitiv's consensus estimate of a 6.3 percent increase. Separately, Domino's announced an 18 percent increase in its quarterly dividend to 65 cents per share.
Newmont Mining – The mining company earned an adjusted 40 cents per share for its latest quarter, 15 cents a share above estimates. Revenue also beat forecasts. Gold production was up 8 percent versus a year earlier.
Norwegian Cruise Line – The cruise line operator beat estimates by 6 cents a share, with adjusted quarterly profit of 85 cents per share. Revenue came up slightly short of expectations. Norwegian also forecast current-quarter and full-year profit above current consensus.
Bunge – The grain processor earned an adjusted 8 cents per share for its latest quarter, below the consensus estimate of 20 cents a share. Revenue also missed forecasts, with results impacted by a reduction in soybean inventories.
Foot Locker – Foot Locker announced a 10 percent increase in its quarterly dividend to 38 cents per share, and the athletic apparel and footwear retailer unveiled a new $1.2 billion stock buyback program.
Cheesecake Factory – Cheesecake Factory reported adjusted quarterly profit of 60 cents per share, missing Wall Street forecasts by 2 cents a share. The restaurant chain's revenue also came up short of estimates, although its 1.9 percent increase in comparable-restaurant sales was higher than the consensus estimate of a 1.1 percent rise.
Navient — Hedge fund Canyon Capital has withdrawn its bid to buy the student loan servicer, in which it has a 10 percent stake. Canyon will instead launch a proxy fight with the goal of putting a slate of candidates on Navient's board. Navient had turned down a $12.50 per share takeover bid earlier this week.
Agilent Technologies – Agilent reported adjusted quarterly profit of 76 cents per share, 3 cents a share above estimates. The medical device company's revenue also beat forecasts and Agilent nudged its full-year guidance higher.
Avis Budget – Avis Budget earned an adjusted 53 cents per share for its latest quarter, beating the 37 cents a share consensus estimate. The car rental company's revenue came in slightly above Wall Street forecasts, and the company said its revenue would increase in 2019 thanks to a rise in rental days.
Boston Beer – Boston Beer beat estimates by 14 cents with adjusted quarterly profit of $1.84 per share, though the Sam Adams brewer saw revenue come in below Wall Street forecasts. Boston Beer did give an upbeat outlook for 2019, projecting an eight to 13 percent increase in shipments.
Jack In The Box – Jack In The Box reported adjusted quarterly profit of $1.35 per share, 7 cents a share above estimates. The restaurant chain's revenue also came in above analysts' projections, however comparable-restaurant sales were down 0.1 percent during the quarter.