CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has...Retailread more
Facebook's head of Calibra David Marcus faced skepticism from lawmakers at a House Financial Services hearing on its digital currency plans.Technologyread more
During a speech on "Medicare for All," Bernie Sanders will urge 2020 Democratic candidates to reject money from health care industries.2020 Electionsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The news comes after eBay announced a strategic portfolio review on March 1.The Faber Reportread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
Check out the companies making headlines after the bell on Wednesday:
Synopsys rallied more than 4 percent after the closing bell after the company reported earnings and revenue that topped Wall Street's expectations. The company, which derives more than half of its revenue from supplying electronic design automation software to chipmakers, posted EPS of 95 cents and revenues of $780 million.
The Mountain View, California-based company also offered strong fourth-quarter EPS guidance, projecting earnings between 76 cents and 80 cents.
Kitchen and cookware company Williams-Sonoma also reported quarterly results ahead of analyst expectations, sending shares of the San Francisco-based retailer up more than 8 percent in after hours trading. The seller of home furnishings said same-store sales increased 4.6 percent versus 4 percent expected.
The parent of Pottery Barn and West Elm also improved its full-year revenue and comparable sales guidance.
Shares of Nordstrom rose more than 2.5 percent after hours after the company's board authorized a $1.5 billion share repurchase program and approved a quarterly dividend. The new program will replace Nordstrom's existing repurchase plan, which had $327 million outstanding as of Aug. 4. and will expire at the end of the month.
The department store chain also approved a quarterly dividend of 37 cents per share.
Zayo Group shares rose more than 1 percent after hours after the company reported financial results. The company posted $657.6 million of consolidated revenue as well as net income of $43.8 million. Basic and diluted net income per share during the quarter was 18 cents. The company's stock later pared its after-hours gains.
On May 7, 2018 the company's board authorized the repurchase of up to $500 million in common stock.