The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
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CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
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Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
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Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
Check out which companies are making headlines after the bell on Wednesday:
Shares of American Express popped more than 5 percent in after-hours trade. The company beat on both its top and bottom lines, reporting adjusted earnings of $1.20 per share (EPS) on revenues of $7.77 billion. Analysts expected the credit card company to report EPS of 97 cents a share on about $7.7 billion in revenue, according to a consensus estimate from Thomson Reuters.
American Express also raised its full year guidance for the year, now expecting adjusted earnings between $5.90 and $6 a share, excluding restructuring charges. It previously forecast full-year earnings per share between $5.40 and $5.70 a share.
Mattel stock was up more than 5 percent during extended trading. The toy manufacturing company reported earnings per share of 70 cents a share, missing estimates of 71 cents per share. It beat on its top line, reporting revenues of $1.8 billion compared to estimates of $1.77 billion. Nearly every one of its segments saw a sales increase in the quarter.
eBay saw its stock drop more than 7 percent after the bell. The e-commerce company reported adjusted earnings of 45 cents per share, beating EPS estimates of 44 cents. It also reported quarterly revenues of $2.22 billion, beating estimates of $2.19 billion. The company lowered its EPS guidance for the fourth quarter. Its gross merchandise volume and active buyer figures came in below estimates.
Wells Fargo saw its stock drop nearly a percent after the market closed. The California attorney general announced it will launch a probe to investigate the bank for opening unauthorized accounts and credit card documents, citing probable cause of felonies. The attorney general's office issued a warrant to seize documents at Wells Fargo, and is seeking a list of California customers with unauthorized accounts from May 2011 to July 2015.