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
Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look.Technologyread more
The Pentagon on Thursday said the recent attack on Saudi Arabian oil facilities were "sophisticated" and represented a "dramatic escalation" in tensions within the region.Defenseread 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
Bank of America says Amazon's plans to build its own fleet of carbon-neutral delivery trucks bode well for its bottom line.Investingread more
The show comes as social media platforms and legacy media companies alike have launched a flurry of original content alongside new streaming platforms like Apple TV+ and...Technologyread more
Pivotal Research Group began coverage of Roku with a sell rating on FridayInvestingread more
Check out the companies making headlines before the bell:
Campbell Soup – Campbell Soup reported adjusted quarterly profit of 50 cents per share, 9 cents above estimates, with organic sales up 2%. The company also reported revenue of $2.024 billion, topping estimates.
Big Lots – The discount retailer beat estimates by 13 cents with adjusted quarterly profit of 53 cents per share, with revenue also above estimates. Comparable store sales rose 1.2%, shy of the 1.9% consensus estimate of analysts surveyed by Refinitiv. Big Lots also said it was confident it would be able to successfully navigate tariff-related headwinds.
Dell Technologies – Dell reported adjusted quarterly profit of $2.15 per share, well above the consensus estimate of $1.47. The computer maker also saw revenue beat estimates on strong sales across its computer product line. Dell also said it is successfully mitigating the impact of tariffs imposed by the U.S. and China.
Ulta Beauty – Ulta missed estimates by 4 cents with quarterly earnings of $2.76 per share, with the cosmetics retailer's revenue essentially in line. However, comparable store sales rose less than expected, and Ulta lowered its profit forecast as sales of color cosmetics slow.
Marvell Technology – Marvell beat estimates by 1 cent with adjusted quarterly earnings of 16 cents per share, with the chip maker's revenue also beating forecasts. However, Marvell gave weaker-than-expected current-quarter guidance for both revenue and profit, due to the impact of a ban on sales to China's Huawei, as well as what the company calls a difficult macroeconomic environment.
Tesla – Sixteen Tesla models will be exempt from China's auto purchase tax, according to a government statement. Separately, Tesla raised prices for some of its vehicles in China, as the yuan drops to its lowest levels in more than a decade.
General Electric – GE won a partial dismissal of a shareholder lawsuit that had accused it of fraudulent accounting. The judge did give shareholders permission to amend their complaint.
Workday – Workday reported adjusted quarterly profit of 44 cents per share, 9 cents above estimates, while the maker of human resources and financial software also saw revenue come in above forecasts. Workday saw subscription revenue jump 34% during the quarter, and gave a better-than-expected forecast for current quarter subscription revenue.
Groupon – Groupon is being targeted by activist investors, according to the Wall Street Journal. The paper said those investors are hoping to persuade management to buy back stock, enter a strategic partnership, or sell the company.
American Outdoor Brands – American Outdoor Brands reported adjusted quarterly profit of 3 cents per share, 4 cents shy of estimates, with the Smith & Wesson parent also seeing revenue fall short of Wall Street forecasts. The company also gave a weaker than expected full year forecast.
Correction: This article has been updated to reflect that 16 Tesla models will be exempt from China's auto purchase tax. This version also reflects Campbell's correct earnings per share and quarterly revenue.