Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Check out the companies making headlines after the bell:
RH shares dropped more than 4 percent after initially rising 6.5 percent during after-hours trading following the release of its second-quarter results. RH missed revenues estimates by $20 million, reporting sales of $641 million versus the $661 million expected by Wall Street.
However, it beat earnings estimates by 74 cents for the quarter, reporting earnings of $2.49 per share versus the $1.75 per share expected by analysts. The earnings beat can be attributed in part to the record margins that the company said it achieved for its second quarter. The home furnishings chain also raised its earnings forecast for the next two quarters and the fiscal year.
Caleres shares plunged more than 11 percent in the extended session after the company missed on earnings and revenue for its most recent quarter. The footwear company reported earnings of 59 cents per share and revenues of $707 million. Wall Street expected it to report earnings of 60 cents per share and revenues of $709 million. The Payless owner also reported a lower-than-expected increase in comparable sales for Famous Footwear, one of its brands.
Workday's stock dipped nearly 3 percent during the extended session despite the release of strong second-quarter results. The software vendor earned 31 cents per share, 5 cents up from Wall Street estimates of 26 cents per share. It also reported revenues of $672 million versus the $663 million expected by analysts.
Additionally, Workday raised its forecast on subscription revenues for the third quarter and the 2019 fiscal year.
Coupa Software shares jumped more than 12 percent in after-hours trading following a second-quarter earnings beat. Analysts expected the company to report a loss of 9 cents, but the company reported earnings of 5 cents. The tech company also beat estimates for sales, reporting revenues of $61.7 million versus the $56.6 million estimated by Wall Street.