According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Check out the companies making headlines after the bell on Tuesday:
Shares of Time Warner surged more than 4 percent in extended trading, after a federal judge approved a proposed takeover by AT&T. U.S. District Court Judge Richard Leon imposed no conditions on the $85.4 billion deal, which the U.S. Department of Justice sued to block last year. Shares of AT&T dipped nearly 3 percent after the announcement.
The decision could have wide-ranging effects for the telecommunications industry. Now that the deal has been approved, Comcast is expected to formalizes a bid to acquire most of Twenty-First Century Fox on Wednesday. Shares of 21st Century Fox surged more than 7 percent, while Comcast fell by 3.4 percent.
A number of other telecommunications and entertainment stocks also moved following the announcement. Shares of mass media company Discovery gained 4 percent. DISH Network stock gained nearly 3 percent. Viacom gained more than 3 percent on the news. Even Lions Gate stock surged more than 7 percent. Lions Gate owns Starz, a premium network which decried the attempted merger for its potential to push customers to HBO, Reuters reported.
H&R Block shares plunged nearly 20 percent in extended trading, despite the tax preparation company's beat on first quarter earnings and revenue. H&R Block reported $5.43 EPS on revenue of $2.39 billion. Analysts were expecting earnings of $5.27 per share on $2.34 billion in revenue. The company also approved a 4 percent quarterly dividend increase to 25 cents per share.
Shares of Oxford Industries dropped more than 7 percent in after hours trading. The high-end apparel company, which owns such brands as Tommy Bahama and Lilly Pulitzer, reported first quarter financial results that disappointed investors. Oxford Industries beat expectations on earnings, but missed on revenue and reported weaker than anticipated second quarter guidance, the Associated Press reported.
Pivotal Software stock gained more than 5 percent in the extended session, after the software as a service company reported first quarter earnings and revenue that exceeded Wall Street expectations. Pivotal reported a first quarter loss of 10 cents on revenue of $155.7 million, versus the 13-cent loss per share on $140.4 million in revenue that analysts expected. Pivotal also projected strong second quarter and full year outlook.
Disclosure: Comcast, which owns NBCUniversal, parent company of CNBC and CNBC.com, is a co-owner of Hulu.