As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
The Democratic-held House plans to move forward with a bill to fund the government through Nov. 21 and avoid another government shutdown.Politicsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
Newly public ride-sharing companies Uber and Lyft have tumbled 25% since their initial public offerings, but Light Street's Glen Kacher still believes there's a path for...Delivering Alpharead more
The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target.Market Insiderread more
The PSA features kids in what initially appears to be a cheerful spot. But it becomes darker as children show how their "back to school" products help in the context of a...Politicsread more
The formats will be available for Facebook's News Feed.Technologyread more
Check out the companies making headlines after the bell on Tuesday:
Shares of Salesforce gained more than 4 percent in after hours trading. The cloud computing company beat analyst expectations on first quarter financial results. Salesforce reported $3.01 billion in revenue versus the $2.95 billion expected, which represented a 25 percent rise year-over-year. Salesforce also issued strong second quarter revenue guidance, but reported EPS of 74 cents which was not immediately comparable to the previous forecast.
HP stock wobbled before settling up 0.33 percent in extended trading. The hardware technology company reported EPS of 48 cents, which fell in line with projections, and surpassed expectations on revenue, reporting $14 billion versus the $13.57 billion expected. HP also issued third quarter guidance at the low end of analyst projections and strengthened full-year revenue guidance.
Marchex shares tumbled nearly 4 percent in after hours trading, after the mobile advertising analytics company weakened its second-quarter guidance.
"Media marketplace budget allocation changes from a few of our customers have caused us to revise our revenue outlook for the second quarter," CFO Mike Arends said in a statement. "Our focus remains on building a strong pipeline of opportunities...These are not yet at the scale where they can offset media marketplace budget shifts and/or reductions."