The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Check out the companies making headlines after the bell on Monday.
Texas Instruments rose more than 5 percent after hours following the companies second-quarter earnings release. The company posted earnings of 76 cents per share on revenue of $3.27 billion, compared to analysts' expectations of 72 cents per share on revenue of $3.20 billion, according to a consensus estimate from Thomson Reuters. The company increased revenue from its "embedded processing" segment by 9 percent from the year-earlier. CEO Rich Templeton said, "[the] demand for [Texas Instruments] products continued to be strong in the automotive market, and grew in the industrial and communications equipment markets, " resulting in growth of total revenue growth and increased earnings per share.
Gilead Sciences dropped roughly 4 percent after hours following its second-quarter earnings release. The company posted earnings of $3.08 per share on revenue of $7.78 billion, compared to analysts' expectations of $3.02 per share on revenue of $7.77 billion, according to a consensus estimate from Thomson Reuters. The company said products sales of its hepatitis C drugs fell to $4.0 billion from $4.9 billion in the year-earlier period, "primarily due to a decline in sales of Harvoni. "
Las Vegas Sands rose in extended trading after releasing its second-quarter earnings. The company posted earnings of 52 cents per share on revenue of $2.65 billion, compared to analysts' expectations of 56 cents per share on revenue of $2.76 billion, according to a consensus estimate from Thomson Reuters. The company had a 9 percent decrease in revenue from the year earlier period. CEO Sheldon G. Adelson said, "We remain confident that our market-leading Cotai Strip properties, which will be complemented later this year by The Parisian Macao, targeted to open on September 13, 2016, about seven weeks from today, will continue to provide the economic benefits of diversification to Macao."
Sanmina fell roughly 9 percent after hours after the company released its quarterly earnings. Though the electronics manufacturing services provider met analysts' expectations of earnings of 63 cents per share, Sanmina's fourth-quarter guidance for EPS and revenue was slightly below analysts' estimates.