Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Check out the companies making headlines after the bell:
Shares of Amazon rose as much as 3 percent and then dipped more than 2 percent negative in extended trading Thursday after reporting better-than-expected earnings and light guidance. The e-commerce giant beat on the top and bottom line. Earnings per share were $6.04, which beat estimates of $5.68. Revenue was $72.38 billion, compared to the $71.87 billion forecast by Wall Street. Amazon Web Services revenue beat estimates.
Shares of Cigna, CVS Health, Walgreens, Cardinal Health and United Health dropped after hours after the Trump administration proposed a rule to lower prescription drug prices by targeting backdoor rebates and creating a new transparency to drug markets. The administration's hope is that the new rule will promote competition among drug makers to have the lowest price and out-of-pocket cost to the patient.
Yum China shares jumped more than 8 percent after hours following mixed earnings released Thursday, but the stock later gave up some of those gains. The fast food restaurant company's sales were $1.91 billion, slightly missing estimates of $1.92 billion. Earnings per share were 12 cents, beating estimates by 4 cents. Overall, same-store sales increased 2 percent, beating estimates that they would be down 0.1 percent. KFC same-store sales were up and Pizza Hut same-store sales were down.
Shares of Cypress Semiconductor Corp. jumped more than 5 percent after hours Thursday based on better-than-expected earnings. The company earned $604 million in revenue, beating estimates of $599 million. Earnings per share were 35 cents, higher than the 33 cents forecast by analysts. First-quarter guidance was mostly below consensus estimates. Cypress forecasts adjusted earnings of 22 cents - 26 cents, vs. the estimated 25 cents.
Shares of Deckers Outdoor Corp. surged as much as 10 percent in extended trading following an earnings beat, though the stock later gave up more than half of those gains. The company posted earnings of $6.59 on revenue of $874 million. Those results were well above the estimated earnings of $5.30 on revenue of $824 million. The company issued weak fourth-quarter guidance. Deckers forecast earnings per share of 10 cents, compared to the 27 cent estimate. They predict revenue will be between $360 million and $374 million, well below the $392 expected by Wall Street.