Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region...Market Insiderread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses and bunk beds destined for a...Retailread more
These are the stocks posting the largest moves midday.Market Insiderread more
Check out the companies making headlines after the bell:
Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84 billion. Analysts expected earnings of $1.28 a share on revenues of $3.04 billion, according to Refinitiv consensus estimates.
Activision also issued weak first-quarter guidance, saying it expects earnings of 20 cents a share on $1.18 billion in revenue, compared to the estimated earnings per share of 46 cents on $1.45 billion in revenue. For 2019, Activision estimates earnings of $2.10 per share on revenues of $6.3 billion, also below the estimated earnings of $2.54 per share on revenue of $7.25 billion.
The company also announced on the conference call that it is cutting its workforce by 8 percent. The stock was last seen about 2 percent higher in after-hours trade.
TripAdvisor shares dropped as much as 6 percent following mixed earnings. The travel and restaurant website company reported $346 million in revenue, beating estimates of $343 million. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street. Revenue was driven by its non-hotel segment, which saw year-over-year growth of 38 percent. The stock is up more than 60 percent over the last year.
Akamai shares were volatile in extending trading after posting better-than-expected fourth-quarter earnings. The stock initially rose about 3 percent after the Massachusetts-based technology company beat on the top and bottom lines. It reported $713 million in revenue, compared to estimates of $704 million. Earnings per share were $1.07, higher than the expected $1 expected by analysts. The company also announced CFO Jim Benson will retire in March. He will be succeeded by Ed McGowan, the senior vice president of finance. The stock was last seen about 2 percent lower.
Shares of Groupon fell more than 14 percent after market close on Tuesday after posting mixed earnings. Earnings per share were 10 cents, missing estimates by 3 cents. Revenue was $800 million, compared to the $789 million forecast by analysts. North American active customers fell 2.5 percent to 30.6 million.
Twilio shares fell more than 4 percent after hours Tuesday despite better-than-expected earnings. The cloud communications company reported fourth-quarter earning of 4 cents per share on revenues of $204 million. Analysts had expected earnings per share of 4 cents on revenues of $185 million.