While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.Market Insiderread more
"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed official said in an essay.The Fedread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
Apple has released the iOS 13 public beta and the iPadOS public preview, which means you can check out the features before it launches this fall.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread 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.