Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Check out the companies making headlines midday on Tuesday:
Apple — Shares of iPhone and Macbook maker Apple rose more than 4% after the United States Trade Representative office said tariffs on cellphones and laptops will be delayed until December. The duties had been set to go into effect on Sept. 1.
Retailers— Shares of retailers were lifted by news from the USTR that tariffs on certain clothing and shoes products would also be delayed until December. Trump said Tuesday his decision to delay tariffs ahead of the Christmas season was to avoid an impact on holiday shopping. Shares of Nike rose 1.7%, Target was 2.7% higher and Nordstrom rose 1.8%.
JD.com — Shares of JD.com surged nearly 13% after the China-based e-commerce reported better-than-expected second-quarter earnings. JD was the most actively traded ahead of the open Tuesday, with volume topping 1.3 million shares.
Chipmakers — Semiconductor and semiconductor equipment companies Micron, Lam Research and Applied Materials all rose more than 3% on Tuesday after the Trump administration announced that certain tariffs on Chinese imports would be delayed or canceled. Such companies have in recent earnings reports underscored the U.S.-China trade dispute as a leading business headwind.
World Wrestling Entertainment — Shares of World Wrestling Entertainment rose 5% after the Guggenheim named the stock its best idea into the remainder of 2019 citing several events in the media company's pipeline that can spur growth. The firm reiterated its buy rating and $100 price target, a 55% upside for the stock.
D.R. Horton, KB Home, and PulteGroup – Shares of home builders D.R. Horton, KB Home and PulteGroup are up more than 2% after Suntrust initiated coverage on them with buy ratings. Suntrust said environment is positive for the builders as lower interest rates should re-accelerate new home sale.
General Electric — GE shares rose more than 3% Tuesday after news that CEO Larry Culp bought $3 million worth of GE stock in the second quarter. GE had seen heavy declines a day earlier after J.P. Morgan analyst Stephen Tusa said he was still underweight, even after the company's strong earnings last quarter.
— CNBC's Maggie Fitzgerald, Thomas Franck and Kate Rooney contributed reporting.