Investors have been watching to see whether CEO Ellison, who took over in July 2018, can turn the company around.Retailread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
Check out the companies making headlines after the bell:
Bed Bath & Beyond shares plunged 15 percent in after-hours trading after the company reported second-quarter earnings numbers that missed expectations. The company reported earnings per share of 36 cents, compared to the 50 cents per share expected by analysts. The company reported $2.94 billion in revenue, less than analysts' estimate of $2.96 billion.
Comparable sales were down 0.6 percent, while analysts expected a 0.3 percent increase. Bed Bath & Beyond also provided weak earnings guidance for the rest of the year.
Kimbell Royalty Partners stock dipped almost 6 percent in the extended session after the company announced a public offering of 3 million shares of common stock. The Texas-based company said it will use the proceeds from the offering to "repay a portion of the outstanding borrowings under its revolving credit facility."
ChemoCentryx shares fell as much as 12 percent in after-hours trading following an announcement that the biopharmaceutical company has commenced a public offering of $75 million worth of common stock.