U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Check out the companies making headlines before the bell:
Verizon – Verizon reported adjusted quarterly profit of $1.23 per share, 3 cents a share above estimates. Revenue came in below Wall Street forecasts, however. Verizon added a net 245,000 phone subscribers during the quarter, above the 163,000 that analysts surveyed by FactSet had been forecasting.
Cigna – The insurer earned an adjusted $4.30 per share for the second quarter, beating the consensus estimate of $3.74 a share. Revenue also exceeded forecasts, with overall results getting a boost from strength in Cigna's health-services unit.
Clorox – The household products maker beat estimates by 5 cents a share, with quarterly profit of $1.88 per share. Revenue missed forecasts, however, and Clorox gave a weaker-than-expected fiscal 2020 forecast on weakness in its household segment as well as unfavorable exchange rates in certain markets.
Dunkin' Brands – The restaurant chain came in 4 cents a share above estimates, with second-quarter profit of 86 cents per share. Revenue was short of forecasts, however. Comparable sales at U.S. Dunkin' locations rose 1.7%, better than expected, but comparable sales at U.S. Baskin-Robbins locations were short of forecasts.
DuPont – DuPont, one of the companies that emerged from the breakup of DowDupont, reported adjusted quarterly profit of 97 cents per share, 13 cents a share above estimates. The specialty materials maker saw revenue fall short of forecasts, however, and said it expects organic sales to fall slightly this year.
Wayfair – The luxury home goods retailer lost $1.35 per share for its latest quarter, matching Street forecasts. Revenue beat estimates, but the bottom line was impacted by a more than 50% increase in operating expenses.
Yum Brands – The restaurant chain beat consensus by 6 cents a share, with adjusted quarterly profit of 93 cents per share. Revenue beat estimates as well. Comparable-restaurant sales rose 5%, beating the forecast of 3.1% by analysts surveyed by Refinitv.
Qualcomm – Qualcomm reported adjusted quarterly profit of 80 cents per share, 5 cents a share above Street forecasts. The chipmaker's revenue came in below estimates and the company gave a current-quarter earnings forecast that falls largely below consensus, as it strips out business from China's Huawei Technologies.
Fitbit – Fitbit lost 14 cents per share for its latest quarter, 4 cents a share less than Wall Street had projected. The fitness-device maker saw revenue beat estimates, however Fitbit cut its full-year sales forecast on disappointing sales of its new Versa Lite smartwatch.
Thomson Reuters – Thomson Reuters raised its sales and profit outlook for 2019 and 2020 after reporting a 4% increase in organic revenue for the second quarter, its biggest rise since 2008. Separately, Thomson Reuters and co-owner Blackstone finalized a deal to sell their Refinitiv data business to London Stock Exchange for $27 billion in stock.
Amazon.com – Amazon is in early-stage talks to buy a 26% stake in India's Reliance Industries, according to the Economic Times. Reliance is India's largest brick and mortar retailer.
BlackRock – The asset management firm is no longer in talks to buy private-equity firm Pamplona's stake in cybersecurity firm Cofense, according to The Wall Street Journal. BlackRock already holds a stake in Cofense, and the potential deal was designed to address national security concerns expressed by government officials about Pamplona and its links with wealthy Russians, according to the paper.