A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Check out the companies making headlines before the bell:
Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls "solid" demand. The airline said fuel efficiency is down, however, due to the grounding of its 737 Max jet fleet. Southwest also extended cancellations of flights involving the 737 Max through September 2.
Winnebago – The recreational vehicle maker reported earnings of $1.14 per share, compared to a consensus estimate of 99 cents a share. The bottom line was helped by 10 cents per share in one-time positive items, including a more favorable tax rate and a change in estimates related to research and development credits. Revenue missed estimates, but improved profit margins helped mitigate the bottom line impact.
Adobe – Adobe reported adjusted quarterly profit of $1.83 per share, 5 cents a share above estimates. The software maker's revenue also topped Wall Street forecasts. The company's results were helped by growth in its Creative Suite business, as well as its digital media offerings. Adobe gave lower-than-expected current-quarter guidance.
American Express – Bank of America/Merrill Lynch reinstated coverage of the financial services company with a "buy" rating, noting the company's strong brand and several positive factors including card fee increases and portfolio growth.
Alphabet – Alphabet was urged by shareholder activists to break itself up before regulators force the Google parent to do so. Shareholder group SumOfUs plans to make an official proposal at Alphabet's annual meeting today – one of a record 13 shareholder proposals. It's unlikely any of the proposals will pass.
Apple – Apple is considering moving up to 30% of its China-based manufacturing out of the country, according to a report in Japan's Nikkei news service. Apple would reportedly move ahead with such a plan even if the U.S. and China come to an agreement on trade.
Mattel – MGA Entertainment has abandoned its second attempt to buy its rival toymaker, according to a statement made by MGA CEO Isaac Larian to the Los Angeles Times. Mattel had rejected the Bratz doll maker's latest bid, and Larian said it was in the best interests of his company not to move forward with a Mattel offer.
La-Z-Boy – La-Z-Boy earned an adjusted 64 cents per share for its latest quarter, matching Street forecasts, while the furniture maker's revenue was short of estimates. The revenue shortfall was largely due to soft demand in its wholesale segments. It also said additional US tariffs on China imports would likely force it to raise prices because of higher raw material costs.
Jabil – Jabil matched Street forecasts with adjusted quarterly profit of 57 cents per share, while the contract electronics manufacturer's revenue beat Street forecasts. Apple is Jabil's biggest customer.
NCR – Private-equity firms who had been interested in buying the ATM and barcode scanner maker have walked away without striking a deal, according to the New York Post.