While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Check out the companies making headlines after the bell:
AK Steel plummeted more than 8 percent during after-hours trading on Monday, after missing second quarter earnings estimates. The company reported earnings of 18 cents per share, missing Wall Street estimates of 20 cents. Its reported revenues were in line with expectations at $1.75 billion for its second quarter.
Texas Roadhouse plunged more than 11 percent in extended-hours trading after missing second quarter earnings estimates. Wall Street estimated that the restaurant chain would report 67 cents per share in earnings, but the company only reported 62 cents per share for the quarter. The company also missed on its top line, reporting $629.2 million in revenue versus the $634 million expected by analysts.
Allison Transmission Holdings jumped more than 5 percent during extended-hours trading after reporting its second quarter earnings. The Indianapolis-based company beat analysts' estimates of $1.00 per share by earning $1.29 per share. The transmission manufacturer also beat sales expectations, reporting $711 million in revenue versus the $654 million expected.
Sanmina Corporation surged more than 6 percent during the extended session after reporting earnings after the bell before paring gains. The electronics manufacturer reported third quarter revenues of $1.81 billion, beating Wall Street estimates of $1.73 billion. However, the company reported lower-than-expected earnings per share of 55 cents, missing analysts' expectations of 57 cents.
Illumina was up 7 percent in after-hours trading after beating Wall Street revenue expectations for the second quarter. The genetic testing tools company reported $830 million in revenue for the quarter versus the $786.6 million estimated by analysts. Illumina earned $1.43 per share, beating Wall Street expectations of $1.11 per share.