Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Iran's state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil.World Politicsread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust...Technologyread more
Check out the companies making headlines after the bell:
Shares of Google's parent company Alphabet shot up more than 3 percent in extended-hours trading. The company beat analysts' earnings estimates for its second quarter, posting $11.75 per share versus the $9.59 that was expected. Alphabet also beat analysts' revenue expectations, generating $32.66 billion versus the $32.17 billion that was estimated. The company also reported that paid clicks were up 58 percent compared to the 49 percent that was expected.
Shares of Whirlpool were down more than 8 percent in extended-hours trading. The home appliance company missed analysts' earnings expectations for its second quarter, posting $3.20 per share versus the $3.69 that was expected. Whirlpool also missed on analysts' revenue estimates, generating $5.14 billion versus the $5.29 that was expected. Whirlpool also told investors that it is paying more for raw materials because of steel and aluminum tariffs placed by the Trump administration.
TD Ameritrade stock was up more than 1 percent in after-hours trading. The banking company beat analysts' earnings expectations for its third quarter, posting 89 cents per share versus the 80 cents per share that was expected. TD Ameritrade also beat analysts' revenue estimates, generating $1.38 billion versus the $1.35 billion that was expected.
Vitamin Shoppe stock was up more than 4 percent in after-hours trading. The nutritional supplement company announced the appointment of Sharon M. Leite as their new CEO effective Aug. 27, 2018. Leite, who has experience with companies like Godiva, Pier 1, Express and Gap, will also become a member of Vitamin Shoppes' Board of Directors.