As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
DoubleLine CEO Jeffrey Gundlach said the Federal Reserve might need to embark on quantitative easing to increase the money supply.Marketsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
The report, published by Rep. Carolyn Maloney, used data from the Giffords Law Center to Prevent Gun Violence and the Centers for Disease Control to estimate the cost of gun...Politicsread more
Russia slammed Trump's decision to tighten sanctions on Iran following strikes at a crude-processing plant and oil field in Saudi Arabia.Politicsread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related...Marketsread more
General Motors announced on Wednesday that it plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at U.S. plants during...Autosread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
Check out which companies are making headlines after the bell on Monday:
Shares of Sonic plummeted 14 percent in extended trading Monday. The drive-in fast-food restaurant chain reported adjusted earnings of 45 cents per share, beating estimates by 1 cent. Its quarterly revenues of $162 million missed Wall Street expectations of $167 million.
The company also reported a 2 percent decrease in same-store sales. Franchise drive-ins saw a decrease of 1.8 percent, while company drive-ins saw a decrease of 3 percent in same-store sales.
Visa saw its stock drop more than 1 percent in choppy trade after the bell. The payments company reported quarterly earnings of 78 cents per share, compared to estimates of 73 cents a share. Visa reported revenues of $4.26 billion, beating estimates of $4.23 billion. It said it expects annual net revenue growth of 16 to 18 percent in 2017.
Rambus shares climbed 3 percent in after-hours trade. The technology company reported earnings after the bell, beating expectations on both its top and bottom lines. It raised its guidance for both revenue and earnings per share slightly above expectations for its fourth quarter.
Zions Bancorporation was up more than 1 percent after the bell. The Utah-based bank holding company reported earnings of 57 cents a share on revenues of $116.9 million, beating analyst expectations on both top and bottom lines. The company's CEO noted quarterly growth in consumer loans and fee income, two of its major growth initiatives.