Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread 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.