Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Check out the companies making headlines after the bell:
NVIDIA shares jumped more than 9 percent after hours Thursday based on the chip company's better-than-expected fourth-quarter earnings. The company posted earnings of 80 cents per share on revenue of $2.21 billion. Wall Street estimated earnings of 75 cents on revenue of $2.2 billion. The company issued weak first-quarter guidance with revenue at $2.20 billion, compared to the estimated $2.28 billion.
TrueCar shares tanked as much as 22 percent in the extended session Thursday after missing on the top and bottom line of their fourth-quarter earnings report. Revenue was $91.1 million, vs. the estimated $95.7 million. Earnings per share were 3 cents, missing estimates of 5 cents. The automotive pricing and information company also issued weak first-quarter and full-year guidance. The stock has recovered some of its losses.
Shares of CBS ticked more than 2 percent lower in extended trading Thursday following the release of their fourth-quarter earnings. Adjusted earnings per share were $1.50, while analysts forecast $1.52. The television broadcaster posted $4.02 billion in revenue, missing estimates of $4.13 billion.
Direct-to-consumer subscribers for CBS All Access and Showtime reached 8 million, two year's ahead of the company's original schedule, CEO Joe Ianiello said. "As a result, we have set a new target of 25 million domestic subs combined from both of these direct-to-consumer services by 2022," he added. The original goal was 16 million by 2022.
Shares of Suncor Energy ticked 4 percent higher in extended trading based on news that Berkshire Hathaway acquired 10.8 million shares in the Canadian energy company. The stock was later trading mostly flat.
Berkshire Hathaway also announced it is eliminating its 41.4 million share stake in Oracle. The stock dropped about 2 percent based on the news. Berkshire announced it is decreasing its stake in Apple and increasing stakes in JPMorgan and General Motors.
Shares of Applied Materials dipped as much as 2 percent after market close despite reporting better-than-expected first-quarter earnings. The manufacturing company beat on the top and bottom lines. Earnings per share were 81 cents, 2 cents higher than analysts predicted. Revenue was $3.75 billion, topping estimates of $3.71 billion.
Chemours shares dropped nearly 4 percent after the bell Thursday following the release of their mixed fourth-quarter earnings. The chemicals company earned $1.46 billion in revenue, missing estimates of $1.51 billion. Earnings per share were $1.05 cents, beating expectations by 6 cents.