James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
U.S. stock futures are modestly higher, with the S&P 500 just a little more than 20 points away from July's all-time high ahead of Friday's open on Wall Street.Marketsread more
Pivotal Research Group began coverage of Roku with a sell rating on FridayInvestingread more
Two sites were hit on Saturday — the Abqaiq and Khurais oil facilities — which took out 5.7 million barrels per day of crude oil production.World Politicsread more
The prospect of further rate cuts from the Federal Reserve has not put a stop to a rally in the financials this month, and one banking stock is leading the pack.Trading Nationread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Analysts say older women are shopping more online and at off-price retailers like T.J. Maxx and Nordstrom Rack.Retailread more
Check out the companies making headlines midday:
Home Depot — Shares of Home Depot rose more than 4% on Tuesday after the company reported higher earnings per share than analysts expected. The Atlanta-based retailer earned $3.17 in adjusted earnings per share in its latest quarter, topping the $3.08 estimated by Refinitiv. The company did miss revenue expectations for the quarter and lower sales guidance for the full year, citing trade concerns and weakening lumber prices.
Beyond Meat — Shares of the plant-based burger company jumped 6.6% after an analyst at J.P. Morgan upgraded them to overweight from neutral. The analyst said Beyond Meat has the potential to grow its customer base following its secondary stock offering.
Medtronic — Medtronic shares climbed more than 2% on the back of strong quarterly results. The medical devices maker posted a profit of $1.26 per share on revenue of $7.493 billion. Analysts polled by Refinitiv expected earnings per share of $1.18 on sales of $7.396 billion. Medtronic's sales topped estimates across all of its divisions, including cardiac and vascular devices.
Kohl's — Kohl's shares dropped 6.9% after reporting weaker-than-forecast comparable-store sales for the second quarter. The retailer's comparable store sales fell more 2.9% in the second quarter. Analysts polled by Refinitiv expected a drop of 2.5%.
TJX Companies — TJX shares fell 0.1% after announcing weaker-than-forecast revenue for the second quarter. The company's revenue totaled $9.782 billion for the quarter, below a Refinitiv estimate of $9.901 billion. Same-store sales, a key metric for retailers, rose 2% in the quarter, below a 3% estimate. The company reported weaker sales across all its segments except international.
Madison Square Garden — Shares of Madison Square Garden plunged more than 8% — headed for their worst day ever — after the sports and entertainment company missed analyst expectations on the top and bottom lines for its fiscal fourth quarter. The company reported losses of $3.08 per share on $263.6 million in revenue. Analysts expected a loss of $2.61 per share on $270.1 million in revenue, according to Refinitiv. The company's losses widened compared to the same period last year, which it attributed in part to increased personnel costs and expenses related to a proposed spin-off of its sports business.
Sarepta Therapeutics — The drugmaker's stock dropped 15.2% after the Food and Drug Administration rejected a new drug application seeking fast approval for golodirsen, a drug aimed at treating Duchenne muscular dystrophy.
AbbVie — An analyst at Piper Jaffray upgraded AbbVie to overweight from neutral, citing "immediate" earnings accretion and cost reductions that will come from the company's acquisition of Allergan. AbbVie shares rose 0.2%.
HP Inc — HP Inc was downgraded to neutral from buy, highlighting headwinds to its commercial PC business after the Windows 10 refresh. The stock dipped 1.6%.