Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
Finance
Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates. In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy. According to
The Walt Disney Company CEO, Robert Iger arrives for the World premiere of Marvel Studios’ ‘Avengers: Endgame’ at the Los Angeles Convention Center on April 22, 2019 in Los Angeles. VALERIE MACON | AFP | Getty Images Disney is set to renew its multiyear carriage agreement with Charter, the second-largest U.S. pay TV provider, at
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments’ Victoria Fernandez. The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. “Earnings
Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby
Geoffrey Berman, United States Attorney for the Southern District of New York, points to a photograph of Jeffrey Epstein as he announces the financier’s charges of sex trafficking of minors and conspiracy to commit sex trafficking of minors, in New York, U.S., July 8, 2019. Shannon Stapleton | Reuters Wealthy financier and accused child sex
The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Delta Air Lines. Tim Seymour was a buyer of Alphabet. Karen Finerman was a buyer of JPMorgan. Dan Nathan was a buyer of UnitedHealth. Guy Adami was a buyer of Square. Disclosure Trader disclosure: Pete is long
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images A Koch Industries executive was prevented from leaving the immediate vicinity of his hotel in southern China in early June, The New York Times reported Thursday, citing three sources.
[embedded content] [The stream is slated to start at 1:30 p.m., ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Vice Chair for Supervision Randal Quarles speaks at the Bipartisan Policy Center in Washington, D.C. on Thursday. Quarles’ remarks come after Fed Chair Jerome Powell testified
Snapchat co-founders Bobby Murphy and Evan Spiegel at the New York Stock Exchange (NYSE), March 2, 2017 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Fastenal— Shares of Fastenal fell more than 4% after the industrial supplies company posted disappointing quarterly results, mainly attributed to