Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread 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
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 illness continues...Health and Scienceread more
Check out the companies making headlines before the bell:
3M – The maker of consumer and health care products beat estimates by 15 cents a share, with adjusted quarterly profit of $2.20 per share. Revenue was also above forecasts. The health-care business was particularly strong, with sales up 5.8% compared to a year earlier.
Comcast – The NBCUniversal and CNBC parent earned an adjusted 78 cents per share for the second quarter, 3 cents a share above estimates. Revenue came in short of Wall Street forecasts, however. Comcast added more high-speed internet customers, but saw a slide in the number of video and phone customers.
Dow Inc. – The chemical maker earned an adjusted 86 cents per share for the second quarter, 2 cents a share above estimates. Revenue was slightly below forecasts, hurt by lower prices and volumes for some of its products.
Raytheon – The defense contractor reported second quarter profit of $2.92 per share, compared to a consensus estimate of $.264 a share. Revenue beat forecasts as well, and the company raised its full-year sales and profit forecasts as it sells more missiles and other weapons for naval ships.
Bristol-Myers Squibb – The drugmaker beat estimates by 11 cents a share, with adjusted quarterly profit of $1.18 per share. Revenue was also above estimates and Bristol-Myers raised its full-year earnings guidance. The second-quarter results were helped by strong sales of its Eliquis blood thinner and Orencia rheumatoid arthritis treatment.
Southwest Airlines – The airline came in 3 cents a share above estimates, with quarterly profit of $1.37 per share. Revenue was slightly below forecasts. Southwest said its results continue to be pressured by the grounding of Boeing's 737 Max jet, and it also announced it would discontinue operations at New Jersey's Newark Liberty Airport.
American Airlines — Strong travel demand boosted American's second-quarter profit, which came in slightly higher than expected. The largest U.S. airline said it took a hit from the prolonged grounding of the Boeing 737 Max.
Waste Management – Waste Management earned an adjusted $1.11 per share for the second quarter, beating consensus estimates by 3 cents a share. Revenue also beat Wall Street forecasts, and Waste Management said it expanded operating margins by 60 basis points during the quarter.
Facebook – Facebook earned an adjusted $1.99 per share for the second quarter, 11 cents a share above estimates. Revenue topped forecasts, as well. Facebook said new data privacy rules will slow its revenue growth and raise expenses, and also disclosed a new Federal Trade Commission antitrust probe.
Tesla — Tesla lost an adjusted $1.12 per share for the second quarter, significantly wider than the 40 cent loss expected by Wall Street, while revenue was also below forecast. That came despite record deliveries of its electric cars, with profit margins falling during the quarter. Analysts continued to decry the lack of margin and profit improvement and said the company's report still raises more questions than it answers.
Ford – Ford fell 3 cents short of forecasts, with adjusted quarterly profit of 28 cents per share. The automaker's revenue came in above estimates. Almost all of Ford's second-quarter profit came from North America, thanks to its profitable pickup trucks. Ford also gave a lower-than-expected full-year forecast.
Align Technology – The maker of Invisalign invisible braces missed bottom line estimates by 18 cents a share, with quarterly earnings of $1.33 per share. Revenue was slightly above forecasts. The company cited slower sales in China and a tougher consumer environment.
Las Vegas Sands – Las Vegas Sands fell 6 cents a share short of estimates, with adjusted quarterly profit of 72 cents per share. The casino operator's revenue was also short of Wall Street forecasts.
Uber Technologies – Uber board members Arianna Huffington and Matt Cohler are resigning from the company's board. Cohler did not give a specific reason for his departure, while Huffington said she no longer had the time to devote to Uber due to expansion of her own company.
Nike (NKE) – Nike is exploring options, including a possible sale, of its surfwear brand Hurley International, according to people familiar with the matter who spoke to Reuters.
Anheuser-Busch InBev – The company reported better-than-expected second-quarter earnings, and the fastest growth in beer sales in more than five years. Beer volumes were up 2.1% in the quarter compared to a year earlier, as prices rose and consumers bought more of the company's higher priced offerings.