Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Stocks in Asia Pacific traded higher on Friday morning, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary policy...Asia Marketsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
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
"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
President Donald Trump is set to offer a position on the Federal Reserve to economic commentator and former campaign advisor Stephen Moore, CNBC has learned.
The president is waiting for Moore to get through the nominee clearance process.
Trump called Moore "a very respected" economist who he has known "for a long time — and have no doubt he will be an outstanding choice!"
In an interview earlier in the day, Moore said he had not been contacted at that point about an appointment.
"I could just say that I've been talking to some people about it, but I've not been formally offered a position," Moore told CNBC. "If I were offered it, I would do it."
Moore, 59, currently is a visiting fellow at the Heritage Foundation and former Wall Street Journal editorial board member and has been a Trump supporter since the 2016 election. In October 2018, he released the book with economist Art Laffer, "Trumponomics: Inside the America First Plan to Revive Our Economy."
Moore also has been a frequent Fed critic, saying the central bank's policies of keeping short-term rates near zero and buying bonds to stimulate growth were misguided and would spur inflation.
"If I were to do it I would certainly want to try to influence the Fed to a stable dollar and pro-growth monetary policy," he told CNBC.
Moore had been a contributor with CNN since 2017, but that relationship was terminated following Friday's news, according to a tweet by Brian Stelter, the network's chief media correspondent.
Reports had circulated in late-January that Trump was considering businessman and former presidential candidate Hermain Cain for a Fed governorship. Cain has previously served as chairman of the Kansas City Fed.
There currently are two governorship vacancies on the seven-member board.
—CNBC's Kayla Tausche contributed reporting.