Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Check out the companies making headlines after the bell Thursday:
Shares of Intel dropped 7 percent following mixed earnings and weak first-quarter guidance. The semiconductor-maker reported $18.66 billion in revenue, compared to the $19.01 billion estimated by analysts. Earnings per share were $1.28, slightly higher than the $1.22 estimated on the Street. The company issued mixed 2019 guidance.
The report follows one of the best days in a decade for chip stocks. The Semiconductor ETF surged almost 6 percent, led by Xilinix, Teradyne, Lam Research and Texas Instruments, who all beat earnings expectations on Wednesday.
Shares of Starbucks jumped 2 percent after reporting strong fourth-quarter earnings. Quarterly sales were $6.63 billion vs. the $6.49 billion expected by analysts. On an adjusted basis, earnings per share were 68 cents, better than the 65 cents expected by analysts. Same-store sales increased by 4 percent, which beat the 2.8 percent Refinitiv estimate.
Starbucks updated its international growth plans at its investor day in December, which has prompted analysts to be cautious amid the current U.S.-China trade war. The stock is up over 13 percent in the past three months.
Shares of Alaska Air slipped 3 percent despite beating on their bottom line. The airline's quarterly revenue was $2.06 billion, which matched expectations. Earnings per share were 75 cents, beating estimates by 4 cents. Alaska increased its quarterly dividend by 9 percent to 35 cents. Southwest, American, and JetBlue airlines reported earnings earlier in the day, all beating on the bottom line. Alaska is up more than 8 percent year to date.
Shares of Discover Financial Services dropped more than 2 percent following disappointing earnings. The company posted $2.81 billion in quarterly revenue, right in line with Wall Street's estimates. The company earned $2.03 per share, which missed estimates of $2.06.
Shares of E-Trade fell more than 4 percent after the bell Thursday. The company's quarterly revenue was $735 million, which missed estimates of $746 million. Earnings per share were $1.03, which matched analysts estimates.
Shares of Western Digital fell as much as 4 percent after the company reported a 20.7 percent decline in revenue to $4.23 billion, from $5.34 billion. The stock has since recovered some of those losses, but was still trading 2 percent below its closing price.