The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
As of Tuesday, an imminent deal seems unlikely, with both countries refusing to compromise, Cramer said.Mad Money with Jim Cramerread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether the company can generate enough cash to pay all...Autosread more
The California Senate on Tuesday approved legislation to create state-chartered cannabis banks to help the industry get around restrictions on access to banking services.Marijuanaread 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.