Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Check out the companies making headlines after the bell:
Shares of Nordstrom surged 11 percent after the company reported quarterly earnings and revenue that easily beat expectations. The retailer posted a quarterly profit of 95 cents a share on $4.07 billion in revenue. Analysts polled by Reuters had forecast a profit of 84 cents a share on $3.96 billion in sales. The strong results were driven by same-store sales that easily beat expectations. Same-store sales rose 4 percent versus an estimate of 0.8 percent. Nordstrom also issued better-than-expected profit guidance for the year.
Chipmaker Applied Materials pulled back 3 percent in extended trading after issuing weaker-than-expected guidance for its fiscal fourth quarter. The company said it expects earnings per share between 92 cents and $1. Analysts polled by FactSet, however, had forecast earnings of $1.17 per share. Applied Materials also reported better-than-forecast earnings and revenue for its third quarter, however.
For-profit college operator Adtalem Global Education posted weaker-than-forecast quarterly results, sending its stock down 2 percent after the bell. The company formerly known as DeVry Education Group reported earnings per share of 86 cents on revenue of $320 million. Analysts polled by Reuters expected a profit of 91 cents a share on sales of $352 million.
Nvidia shares dropped 4 percent after the close upon issuing a weak revenue forecast for the third quarter. The chipmaker said it expects third-quarter sales to total about $3.25 billion. Analysts expected Nvidia to issue a sales forecast of around $3.34 billion. Its second-quarter earnings and revenue surpassed analyst estimates, however.
Tesla's stock briefly slipped in after-hours trading on a report that the Securities and Exchange Commission is investigating whether CEO Elon Musk tweeted about taking the company private to hurt short sellers. The stock later recovered those losses and was last seen trading about flat.