As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
J.P. Morgan Chase chief Dimon says he doesn't think the U.S. is close to recession and called the Fed's Powell "a quality human."Marketsread more
Check out the companies making headlines in midday trading.Market Insiderread more
Drone and missile debris recovered by investigators at the Saudi Aramco attack site is proof of Iranian culpability, a Saudi defense ministry representative told media on...World Politicsread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown, says CNBC's Jim Cramer.Investingread more
Fans of "The Princess Bride" are screaming "inconceivable!" after the CEO of Sony Pictures Entertainment said pitches had been made by "very famous people" to remake the...Entertainmentread more
Check out the companies making headlines after the bell:
Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped consensus estimates for adjusted earnings of $1.78 per share on $2.70 billion, according to Refinitiv. The company also forecast third-quarter earnings of about $1.95 per share and $2.8 billion in revenue, below analyst projections for $2.05 in earnings per share and $2.83 billion in revenue.
U.S. Steel released guidance for the second quarter after the bell and saw its share price rise more than 1%. The Pittsburgh-based company expects adjusted earnings per share of $0.40.
La-Z-Boy's stock plunged 8% after the company reported fourth-quarter revenues below market expectations. The furniture manufacturer reported earnings of 64 cents per share on $454 million in revenue versus Refinitiv consensus estimates for earnings of 64 cents per share on $457 million in revenue, according to Refinitiv.
Additionally, La-Z-Boy CEO Kurt Darrow said it isn't clear if "the hangover of tariffs and geopolitical uncertainty" will continue to weigh on the company's performance.
Jabil rose 2% after its third-quarter revenue beat Wall Street estimates. The electronics manufacturer reported earnings of 57 cents per share on $6.14 billion in revenue, compared with Refinitiv consensus estimates for earnings of 57 cents per share and revenues of $6.01 billion.