Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
The winner will live in a centrally located apartment, receive a "salary" and explore the city to find what makes people there so happy.Liferead more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
Check out the companies making headlines after the bell:
Apple shares fell nearly 5 percent in after-hours trading despite releasing its fiscal fourth-quarter earnings report that beat expectations on the top and bottom lines. The company reported earnings of $2.91 per share compared to the $2.78 per share analysts expected. Apple reported $62.9 billion in revenue for the quarter, while Wall Street estimated $61.57 billion in revenue.
Apple sold less of its flagship iPhones during the quarter than analysts expected, but at a higher selling price than estimated, according to FactSet and StreetAccount estimates.
Starbucks shares jumped 9 percent in after-hours trading after the company released its quarterly earnings report that beat revenue and earnings estimates. The coffee giant reported earnings of 62 cents per share, higher than analysts' estimate of 60 cents per share. The company reported $6.3 billion in revenue for the quarter, while analysts expected $6.27 billion.
Same-store sales growth at Starbucks also beat expectations, rising 3 percent compared to the 2.3 percent estimated by analysts.
Weight Watchers shares plunged more than 13 percent in the extended session after the company missed expectations in its third-quarter earnings report. The company, which was recently rebranded as simply WW, reported earnings of 94 cents per share, below analysts' estimate of 99 cents per share. Revenue also missed estimates, with the company reporting $366 million for the quarter compared to the $379 million Wall Street expected.
Kraft Heinz stock fell 9 percent in the extended session after the company released a mixed earnings report. The company reported earnings of 78 cents per share, lower than the 81 cents per share Wall Street estimated. However, the company beat revenue expectations, reporting $6.38 billion in revenue for the third quarter compared to the $6.31 billion analysts estimated.
Caesars Entertainment shares jumped 9 percent after the company announced that CEO Mark Frissora is stepping down. Frissora served as CEO for 3 years, guiding the company through its bankruptcy restructuring process that it emerged from in 2017. Caesars also released its third-quarter earnings report that beat earnings estimates but slightly missed revenue expectations.
Shake Shack shares fell 6 percent in after-hours trading despite releasing a strong third-quarter earnings report. The company reported earnings of 21 cents per share, higher than the 13 cents per share analysts expected. Revenue also beat expectations, with the company reporting $119.6 million for the third quarter compared to the $117 million Wall Street estimated.
However, same-store sales at the fast food chain were down 0.7 percent, while analysts expected an increase of 1.1 percent.