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
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
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
The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread 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
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
FedEx CEO Fred Smith is "basically implying that we're going to import" a global slowdown, says CNBC's Jim Cramer.Investingread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Check out the companies making headlines before the bell:
Facebook – Facebook announced a new digital currency called "Libra," with a projected launch date in the first half of 2020. The move is designed to expand Facebook's presence in e-commerce and global payments.
Boeing – Boeing recorded no new jet orders on the first day of the Paris Air Show, as it tries to restore customer confidence following the grounding of the 737 Max jet. The aerospace company landed its first new order on Tuesday, however — Korean Air has provisionally ordered 20 Boeing 787 Dreamliner passenger jets and agreed to lease another 10. Rival Airbus, by contrast, had orders and options for 123 jets.
Beyond Meat – The stock is rising once again in the premarket, after jumping by 12.2% in Monday trading. The plant-based burger maker priced its initial public offering at $25 per share on May 2, and closed yesterday at $169.96.
Oracle – Oracle was downgraded to "neutral" from "outperform" at Macquarie Research, which thinks the business software giant is underinvesting in its future.
Comcast, Charter Communications – The cable operators and rival Cox Communications announced a joint program to advance targeted advertising technology. Comcast is the parent company of NBCUniversal and CNBC.
CBS, E.W. Scripps, Fox, Tegna – The TV station operators, along with Cox Enterprises, settled with the Justice Department in a case involving alleged sharing of competitively sensitive information related to local ad sales. The companies agreed not to share such information, and the case did not involve any financial penalties, according to court papers.
AT&T – The company's WarnerMedia unit is near a large production deal with "Star Wars: The Force Awakens" director J.J. Abrams, according to people familiar with the matter who spoke to the Los Angeles Times.
Bank of America – Bank of America was upgraded to "outperform" from "market perform" at BMO Capital, which cites both valuation and its belief that consensus estimates for the bank are too low.
Pinterest – Pinterest was rated "outperform" in new coverage at Wedbush, which considers Pinterest as fundamentally different than other social media platforms in its ability to lead to sales of products and services.