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
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
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Check out the companies making headlines before the bell:
J.M. Smucker – The food producer reported adjusted quarterly earnings of $2.08 per share, beating consensus estimates by 13 cents a share, even though revenue fell below forecasts due to a stronger dollar and lower prices for its coffee and peanut butter brands. Smucker also gave a better-than-expected full-year earnings forecast.
Signet Jewelers – The jewelry retailer earned an adjusted 8 cents per share for its latest quarter, compared to forecasts of a 23 cents per share loss. Revenue beat estimates, although a same-store sales decline of 1.3% was larger than the 0.8% forecast of analysts polled by Refinitiv.
Michaels Companies – The arts and crafts retailer matched estimates with adjusted quarterly profit of 31 cents per share, with revenue coming in below forecasts. The company said it was not satisfied and was taking steps to improve its performance.
Ciena – The networking equipment maker beat estimates by 7 cents a share, with adjusted quarterly profit of 48 cents per share. Revenue came in well above Wall Street projections, helped by what Ciena calls "improving industry dynamics" as well as growing market share and competitive advantages.
Fiat Chrysler – Fiat Chrysler withdrew its $35 billion offer to buy rival automaker Renault, saying political conditions in France would not allow the deal to proceed successfully. The French government is Renault's largest shareholder.
Stitch Fix – Stitch Fix reported quarterly profit of 7 cents per share, compared to a consensus estimate of a 3 cents per share loss. Revenue beat estimates, with the online styling service seeing a seventh consecutive quarter of 20% or more revenue growth.
Kontoor Brands – Bank of America/Merrill Lynch initiated coverage on the VF Corp. spin-off with an "underperform" rating. It expects the maker of Lee and Wrangler jeans to miss growth forecasts due to a tough retail environment and under-investment in those brands.
Advanced Micro Devices – Morgan Stanley upgraded the chip maker to "equal-weight" from "underweight," citing near-term positive catalysts. The firm is still concerned, however, about what it considers overly optimistic projections for the second half of the year.
Cloudera – Cloudera lost an adjusted 13 cents per share for its fiscal first quarter, smaller than the 23 cents a share loss that Wall Street had been expecting. The cloud software company's revenue missed forecasts, however, as did its current-quarter revenue guidance. The company also announced the retirement of CEO Tom Reilly.
MongoDB – MongoDB lost an adjusted 22 cents per share for its first quarter, 2 cents a share smaller than the 24 cents a share loss projected by analysts. Revenue beat estimates, but the database software company gave weaker-than-expected current-quarter earnings guidance.
Five Below – Five Below beat estimates by 11 cents a share, with quarterly profit of 46 cents per share. The discount retailer's revenue was slightly above Wall Street forecasts. The company also raised its earnings forecast, even though the update now includes the impact of higher China tariffs.
Costco – Costco reported a 4.2% increase in comparable-store sales for May, missing the 4.6% consensus estimate of analysts polled by StreetAccount.
Canopy Growth – Stifel Nicolaus rates the cannabis producer "buy" in new coverage, saying it represents the best investable opportunity among its peers to capitalize on growth in the industry.
Electronic Arts – The video game producer's stock was rated "buy" in new coverage at Nomura Instinet, which points to EA's product pipeline and strong competitive advantages in key sports franchises.