Fed minutes say "most participants" saw the cut "as part of a recalibration" in response to changing conditions.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Check out the companies making headlines after the bell:
Akamai Technologies shares rose more than 4 percent in after-hours trading following a quarterly earnings report that beat expectations on the top and bottom lines. The Massachusetts-based technology company reported earnings of 94 cents per share, while analysts expected 83 cents per share. Akamai reported $670 million in revenue, compared to the $664 million analysts estimated.
Cognex shares plunged as much as 10 percent in after-hours trading despite reporting third-quarter earnings numbers that beat expectations on the top and bottom lines. The company reported earnings of 39 cents per share compared to the 37 cents per share analysts expected. The company reported $232 million in revenue for the quarter, while analysts estimated $227 million.
Cognex gave weak guidance for the fourth quarter, however, saying that it expects revenues between $180 million and $190 million, while the Street was expecting $200 million. The company cited lower spending by Chinese customers as the reason for its forecast.
Texas Roadhouse stock dropped more than 11 percent in the extended session after the company missed quarterly earnings estimates. The restaurant chain reported earnings of 40 cents per share for the third quarter, while Wall Street expected 54 cents per share. Revenue slightly beat expectations, with Texas Roadhouse reporting $595 million in revenue compared to the $594 million analysts estimated.
The company said that higher labor costs are continuing to affect restaurant performance.
Chegg shares rose more than 8 percent in after-hours trading following the release of the company's third-quarter earnings report. The textbook rental company reported a loss of 12 cents per share, according to Reuters. The company reported $74 million in revenue for the third quarter, while analysts had expected $69 million, according to Reuters.
The company also gave strong revenue guidance for 2018 overall. Chegg said it expects revenue between $315 million and $318 million for the full year, higher than the $310 million analysts expected, according to Reuters.