The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its...China Economyread more
Trump calls the US trade imbalance with Japan "unbelievably large."Politicsread more
Some House members want to lift the cap on state and local tax deductions, but it could be tough, in part because the move is expected to benefit high earners.Politicsread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
Economic activity in the U.S. is "quite strong" while China has managed to stabilize its economy, said Tan Min Lan, Asia-Pacific head of chief investment office at UBS Global...World Economyread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Plant-based protein makers Beyond Meat and Impossible Foods may be taking the food industry by storm, but there's no guarantee their products are healthier than the real...Fast Moneyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
Being a military service member or veteran comes with a unique set of challenges. The good news is that there are government financial programs available to veterans that can...Invest in You: Ready. Set. Grow.read more
Check out the companies making headlines after the bell:
Devon Energy shares surged more than 6 percent after reporting fourth-quarter earnings and plans to separate its Canadian and Barnett Shale assets. The company said these plans aim "to complete the transformation to a high-return U.S. oil growth business." The oil producer's adjusted earnings per share were 10 cents. The company also announced it is adding $5 billion to its stock buyback plan. It also raised its quarterly dividend to 9 cents per share.
Shares of Concho sunk more than 4 percent after the company reported disappointing fourth-quarter earnings. The oil and gas producer posted earnings per share of 94 cents, compared to the $1.13 forecast by analysts surveyed by Refinitiv. Revenue missed coming in at $1.07 billion, compared to the $1.19 billion expected by Wall Street. Concho lowered its 2019 capital expenditures outlook to between $2.8 billion and $3 billion, while estimates were $3.27 billion.
Shares of Cadence Design rose more than 6 percent following the release of its better-than-expected fourth-quarter earnings. Earnings per share were 52 cents, beating a Refinitiv estimate by 5 cents. Revenue also beat coming in at $570 million, compared to the estimated $550 million. The software company also issued strong first-quarter and 2019 guidance.
Shares of LendingClub moved 6 percent lower after posting mixed fourth-quarter earnings and issuing weak 2019 guidance. The loan company reported earnings of 3 cents per share on revenues of $181.5 million. Analysts estimated earnings of 2 cents on revenues of $181.9 million, according to Refinitiv.
Diamondback Energy shares initially dropped more than 3 percent after market close after the company released disappointing fourth-quarter earnings. Earnings per share were $1.21, below the $1.62 estimated by analysts polled by Refinitiv. Revenue missed at $633 million, compared to the $661 million forecast by Wall Street. The stock has since recovered its losses.