The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Check out the companies making headlines after the bell:
Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company's fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed by Refinitiv. Avis estimates 2019 revenues between $9.2 and $9.5 billion, vs. the $9.32 estimated by Wall Street. The company sees 2019 adjusted earnings per share between $3.35 and $4.20, vs. the expected $3.79. The stock is up more than 30 percent for the year.
Navient shares fell more than 6 percent after hours following hedge fund Canyon Capital Advisors announcement that it is no longer interested in acquiring the student loan company. Canyon has significant concerns as a shareholder of more than 10 percent of Navient's stock. This follows a report Monday that Navient's board voted to reject the $12.50 per share offer from Canyon. Navient's advisors had told Canyon it would require a price of more than $15, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Shares of Cheesecake Factory rose as much as 2 percent after the market close despite mostly lackluster quarterly results. The restaurant company missed on the top and bottom lines. Revenue was $585 million, missing a Refinitiv estimate of $599 million. Earnings per share were 60 cents, compared to the 62 cents expected by Wall Street. Same-store sales, however, increased 1.9%, beating estimates of a 1.1% increase.
Shares of Agilent dropped nearly 3 percent in extending trading Wednesday despite the company's better-than-expected first-quarter earnings. The laboratory instrument manufacturer posted earnings of 76 cents per share on revenue of $1.28 billion. Wall Street estimated earnings of 73 cents on revenue of $1.27 billion, according to Refinitiv. Agilent sees 2019 adjusted earnings per share between $3.03 and $3.07, compared to the $3.05 estimate. The company sees 2019 revenues between $5.15 and $5.19 billion, vs. the expected $5.17 billion.
Shares of Jack in the Box jumped more than 3 percent in extending trading after the fast-food restaurant company released its better-than-expected first-quarter earnings. Beating on the top and bottom lines, the company earned $1.35 per share on revenues of $291 million. Analysts forecast earnings of $1.28 per share on revenues of $274 million, according to Refinitiv.