House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Check out the companies making headlines before the bell:
General Electric — GE issued a 2019 outlook, saying it would earn an adjusted 50 cents to 60 cents per share for 2019, compared to the 70 cents a share consensus estimate. GE CEO Larry Culp said the company's challenges are "complex but clear" and that he expects 2020 and 2021 to be significantly better.
Boeing — Boeing remains on watch after the Federal Aviation Administration grounded its fleet of 737 MAX jets while it investigates the causes of two recent overseas crashes involving the jet. Boeing shares did rise Wednesday after falling for seven straight sessions.
Facebook — Facebook's user data deals are the subject of a criminal investigation by federal prosecutors, according to The New York Times. The paper said a grand jury has subpoenaed records from at least two well-known makers of smartphones and other devices.
Dollar General — The discount retailer reported adjusted quarterly profit of $1.84 per share, 4 cents a share below estimates. Revenue, however, did beat estimates, and a comparable-store sales increase of 4.0 percent was better than the 2.6 percent increase predicted by analysts surveyed by Refinitiv. The company also increased its quarterly dividend by 10 percent to 32 cents per share, and added $1 billion to its stock buyback program.
General Mills — The food producer was upgraded to "buy" from "hold" at Deutsche Bank, saying the company's core business has stabilized and that the opportunity represented by its Blue Buffalo pet products business remains underappreciated.
Apple — Apple was rated "outperform" in new coverage at Cowen, based largely on increasing contributions to earnings from Apple's services business.
MongoDB — MongoDB lost an adjusted 17 cents per share for its latest quarter, less than half the 38 cents a share loss that analysts had expected. The software company's revenue also beat forecasts, and it gave stronger-than-expected guidance for both the current quarter and the full year.
Tailored Brands — Tailored Brands reported a quarterly loss of 28 cents per share, a penny a share smaller than anticipated. The apparel retailer's revenue also fell short of Street forecasts. The parent of the Jos. A. Bank and Men's Wearhouse chains gave weaker-than-expected current-quarter guidance, saying comparable-store sales had dropped during the fourth quarter and that the trend had continued into 2019.
Genesco — The apparel seller earned an adjusted $2.18 per share for its latest quarter, missing the consensus estimate of $2.33 a share. Revenue and comparable-store sales missed estimates and Genesco issued a weaker-than-expected fiscal 2020 forecast.
Wells Fargo — CEO Tim Sloan received a 5 percent pay raise for 2018, according to a Securities and Exchange Commission (SEC) filing. That news comes a day after Sloan faced criticism at a congressional hearing over the bank's efforts to rebound from the 2016 customer account scandal.
Pandora Media — Pandora has begun selling ads that play only on smart speakers like Amazon Echo and Google Home, according to The Wall Street Journal. The streaming music service has also been selling other specialized ad streams targeted at gaming consoles and smart TVs.
Tesla — Tesla will introduce its Model Y SUV today at an event near Los Angeles. Production is expected to begin sometime in 2020.
Verizon — Verizon plans to charge an extra $10 per month for customers of 5-G mobile service. It will be available only to unlimited data plan subscribers with compatible devices. Verizon is the first major U.S. mobile carrier to reveal 5-G pricing.
Delta Air Lines — Berkshire Hathaway has increased its stake in Delta, according to an SEC filing. A Berkshire subsidiary bought 6,500 additional Delta shares, increasing Berkshire's total Delta holding to just under 71 million shares.
Cloudera — Cloudera reported a quarterly loss of 15 cents per share, 4 cents a share wider than analysts had anticipated. The cloud software company's revenue exceeded Street forecasts, but its 2019 outlook was weaker than expected.