Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Check out the companies making headlines after the bell:
Shares of Chipotle rose as much as 10 percent in extended trading Wednesday after the company reported earnings that beat Wall Street's expectations. The restaurant chain earned $1.72 per share on revenue of $1.23 billion, versus $1.37 on revenue of $1.19 billion, according to a survey of analysts by Refinitiv. Same-store sales grew 6.1 percent, higher than the 4.5 percent analysts had expected.
The electronics company posted earnings of 55 cents per share, beating analysts' expectations of 41 cents per share. The company also beat on revenue, reporting $496 million. Analysts had expected $491 million. Sonos said its growth in Europe was slower than expected because voice is an earlier stage of adoption.
Match Group shares surged more than 11 percent after reporting better-than-expected earnings of 39 cents per share, which narrowly beat estimates of 38 cents. Revenue was $457 million, compared to the $449 million forecast by Wall Street.
On Tuesday, Deutsche Bank downgraded Match Group to hold from buy, citing a projected slowdown in subscriber growth for Match's dating app Tinder over the next 12 months.
GoPro shares jumped 5 percent in after-hours trading after beating on top and bottom lines. The company posted earnings of 30 cents per share, beatings estimates of 26 cents per share. Revenue was $377 million, topping expectations of $374 million. The camera manufacturer did not issue guidance in its release.
Shares FireEye dropped 7 percent after reporting fourth-quarter earnings, despite narrowly beating Wall Street's expectations. The company reported earnings per share of 6 cents on revenue of $218 million. Analysts had expected earnings per share of 5 cents on revenue of $218 million.
However, the company reported lower-than-expected guidance for the upcoming quarter.
Clarification: This story was updated to clarify the region where Sonos' growth is slowing.