Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Check out the companies making headlines after the bell:
Shares of Stitch Fix initially jumped 10 percent and then fell more than 14 percent in after hours trading. Stitch Fix said its active clients grew 22 percent to 2.9 million active clients in the first quarter, but the company still missed analysts' expectations of 2.95 million. The personal styling service said it expects its active client count to be relatively flat in the second quarter.
Stitch Fix reported earnings of 10 cents per share, topping the 3 cents per share analysts expected. The company reported $366 million versus $358 million expected by analysts.
Ascena Retail surged more than 11 percent during after hours trading Monday as the company exceeded Wall Street's expectations in its first quarter earnings report. The women's clothing retailer reported 6 cents per share on revenue of $1.59 billion, versus analysts' expectations of 4 cents per share on revenue of $1.56 billion, according to a Refinitiv consensus estimate.
Comparable sales were also up 3 percent, beating expectations. Analysts had expected a 1.4 percent increase. But Ascena Retail gave weak guidance for the second quarter.
Casey's General shares slipped more than 3 percent after coming up short on Wall Street's sales estimates. Same store gallons were down 1.1 percent in the second quarter. Analysts polled by Refinitiv expected an increase of 0.9 percent. Grocery comparable sales and prepared foods comparable were also lower than expected.
The convenience store exceeded analysts' earnings estimates. The company reported earnings of $1.80 per share, above estimates of $1.61 per share. The company met revenue expectations, reporting $2.54 billion.