Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Check out the companies making headlines after the bell:
Fitbit shares soared as much as 13 percent in after-hours trading after the company beat earnings and revenue expectations for the third quarter. The fitness tracker manufacturer reported earnings of 4 cents per share, while analysts had expected a loss of one cent per share. The company reported $394 million in revenue compared to the $381 million the Street estimated.
Fitbit also gave guidance for fourth-quarter earnings that exceeded analysts' estimates.
Allstate stock fell 3 percent in the extended session after the company released a mixed quarterly earnings report. The company beat revenue expectations, reporting $9.16 billion in revenue compared to the $8.72 billion estimated by Wall Street. However, the insurance giant reported earnings of $1.93 per share, missing the $2.21 per share estimated by analysts.
Allstate also announced a new $3 billion stock buyback plan.
Molina Healthcare shares jumped 8 percent in after-hours trading after the company beat the Street's estimates for third-quarter earnings. The company reported earnings of $2.97 per share compared to the $1.64 per share analysts expected. The company reported $4.7 billion in revenue for the third quarter, in line with estimates.
Molina also raised its earnings estimates for the full year above analysts' estimates.
XPO Logistics stock fell as much as 4 percent in the extended session after the company released its third-quarter earnings report, which missed expectations. The company reported earnings of 89 cents per share, while Wall Street expected 98 cents per share. XPO also reported $4.34 billion in revenue compared to the $4.4 billion analysts estimated.