The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways as the death toll from a mysterious vaping-related disease continues to...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
Check out the companies making headlines before the bell:
Darden Restaurants – The parent of Olive Garden and other restaurant chains reported adjusted quarterly earnings of $1.76 per share, 3 cents a share above estimates. Revenue fell short of forecasts, however, and a comparable-restaurant sales increase of 1.6% was shy of the 2.3% consensus estimate of analysts surveyed by Refinitiv. Darden also forecast full-year profit of $6.40 to $6.45 per share, compared with a $6.46 consensus estimate.
Carnival – The cruise line operator reported adjusted quarterly profit of 66 cents per share, 5 cents a share above estimates. Revenue also beat forecast, however Carnival cut its full-year forecasts due to new restrictions on travel to Cuba as well as other factors. Rival cruise line operators Royal Caribbean and Norwegian Cruise Line are under pressure in sympathy with Carnival.
Oracle – Oracle reported adjusted quarterly profit of $1.16 per share, beating estimates by 9 cents a share. The business software giant's revenue also beat Street forecasts. Oracle's results benefited from strength in its on-premise IT offerings, as well as cloud and license support services.
Slack – Slack will debut on the New York Stock Exchange today in a direct listing. The reference price for the workplace messaging service's stock was set at $26 per share, giving it a value of about $15.7 billion.
Tesla – Goldman lowered its price target on the automaker's stock to $158 per share from $200, while maintaining a "sell" rating. Goldman said it sees a lower probability that upside volume scenarios will be achieved.
Aecom – Activist investor Starboard Value sent a letter to the infrastructure company's board and CEO saying the stock is deeply undervalued and that significant opportunities exist to unlock value. Starboard owns a 4% stake in Aecom.
GlaxoSmithKline – The drugmaker is offering concessions to European Union regulators to relieve concerns over its planned joint venture with Pfizer's consumer health unit. The EU is set to decide by July 10 whether to accept those concessions and approve the deal.
Boeing – Boeing is in talks with more airlines for sales of its currently grounded 737 Max jet, according to sales chief Ihssane Mounir. That follows a 200-jet commitment from British Airways owner IAG.
Netflix – Netflix said its "Murder Mystery" movie was watched by nearly 30.9 million account holders in its first three days, the biggest opening ever for a Netflix film.
T-Mobile – T-Mobile is preparing for an auction of its Boost Mobile prepaid unit if its talks to sell wireless assets to Dish Network fall through, according to a Reuters report. T-Mobile is seeking to sell assets to win regulatory approval for its proposed acquisition of rival Sprint.
Steelcase – Steelcase reported quarterly earnings of 15 cents per share, 3 cents a share shy of estimates. The office furniture maker's revenue also fell short of Street forecasts. The company said the revenue shortfall was due to order growth that was weighted toward the second half of the quarter.
Pier 1 Imports – Pier 1 announced a 1-for-20 reverse stock split, in order for the household goods retailer to regain compliance with New York Stock Exchange listing standards.
Dell Technologies – The computer equipment maker was rated "buy" in new coverage at Deutsche Bank, which said a likely slowdown in information technology infrastructure growth is already reflected in the stock's price, following a recent 25 percent pullback.
Hershey – Hershey was downgraded to "underweight" from "neutral" at Piper Jaffray, which said the chocolate maker has stable growth but is trading at a historically high premium to its peers.