As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
DoubleLine CEO Jeffrey Gundlach said the Federal Reserve might need to embark on quantitative easing to increase the money supply.Marketsread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
The report, published by Rep. Carolyn Maloney, used data from the Giffords Law Center to Prevent Gun Violence and the Centers for Disease Control to estimate the cost of gun...Politicsread more
Russia slammed Trump's decision to tighten sanctions on Iran following strikes at a crude-processing plant and oil field in Saudi Arabia.Politicsread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related...Marketsread more
General Motors announced on Wednesday that it plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at U.S. plants during...Autosread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
Check out the companies making headlines after the bell:
DocuSign shares dipped more than 3 percent in the extended session despite a better-than-expected quarterly earnings report. The stock later pared much of those losses. The San Francisco-based company reported earnings of 3 cents per share, higher than the 1 cent per share expected by analysts. DocuSign also beat on the top line, reporting $167 million in revenue compared to the $159.6 million analysts expected. The company gave strong revenue guidance for the third quarter and 2019 fiscal year.
Cloudera shares jumped more than 12 percent during after-hours trading following the release of the company's second-quarter earnings report. The cloud technology company reported a smaller-than-expected loss of 8 cents per share, 7 cents less than Wall Street analysts' estimates. The company also beat on its top line, reporting $110.3 million in revenue compared to the $107.7 million expected by analysts.
AeroVironment stock surged as much as 10 percent during after-hours trading following a second-quarter earnings beat. The technology company earned 85 cents per share, beating analysts' estimates of 29 cents per share. The company attributed 26 cents per share of its earnings to a litigation settlement gain. In February, a jury found that former employees engaged in fraud and awarded punitive damages of more than $2.4 million to the company.
The company also reported $78 million in revenue, beating analysts' estimates of $73.6 million.
MongoDB shares fell over 5 percent in the extended session after the company reported second-quarter earnings. The stock later pared its losses. The software company beat analysts' expectations on both the top and bottom lines. MongoDB reported a loss of 41 cents per share compared to the 45 cents per share loss expected by analysts. The company also reported $57.5 million in revenue, higher than the $51.7 million estimated by Wall Street.
However, the company gave mixed guidance for the third quarter and 2019 fiscal year.