The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The United States sees signs the Syrian government may be using chemical weapons, including an alleged chlorine attack on Sunday in northwest Syria, the State Department said...Defenseread more
Check out the companies making headlines after the bell:
JCPenney shares rose as much as 8 percent after hours as the company announced its same-store comparable sales decreased 3.5 percent during the holidays. It also said it expects to "generate positive free cash flow in fiscal 2018, reduce inventory in excess of $225 million or 8% and expects to end the year with liquidity in excess of $2 billion."
Skyworks Solutions shares rose 3 percent after the company updated its first quarter 2019 guidance. It lowered revenue projections to $970 million from $1 billion. It also lowered earnings per share guidance to a range of $1.81 to $1.84 per share, from an estimated $1.91 per share.
H&R Block shares rose as much as 2 percent during after hours trading. The U.S. government has said it will still distribute federal income tax refunds despite the government shutdown. The government has been shut down since December 22 as President Donald Trump and Congress engage in a standoff over funding for a wall along the U.S.-Mexico border. Over 800,000 federal employees are either furloughed or working without pay.
MetLife closed up 0.5% on Tuesday and traded mostly flat after hours. A single trade showed the stock briefly down as much as 7% before snapping back.
Earlier in the day, the company announced that Steve Kandarian will retire as president and CEO on April 30. Michel Khalaf, the president of MetLife's U.S., European, Middle East and African businesses, will succeed Kandarian as CEO and president. Glenn Hubbard will serve as non-executive chairman.