The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Check out the companies making headlines after the bell:
Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton will return to lead the company and Rascoff will remain on the board of directors.
The announcement coincided with the company's tepid earnings. Though the company beat on revenue, earning $365 million vs. the estimated $351 million, earnings per share were in line with estimates at 1 cent. Zillow did issue strong first-quarter guidance: between $417 and $443 million in revenue, vs. the estimated $404 million. The stock later gained back most of its loses after hours.
Shares of Kraft Heinz tumbled more than 10 percent after the market close Thursday following weak fourth-quarter results and the disclosure of an SEC subpoena. Kraft reported earnings per share of 84 cents on revenues of $6.89 billion. Analysts forecast earnings per share of 94 cents on revenues of $6.93 billion. The company also disclosed it was subpoenaed by the SEC in October 2018 regarding its accounting policies.
Hewlett Packard Enterprise shares shot up as much as 4 percent after the market close following the release of the software company's mixed first-quarter results. Earnings per share were 42 cents, beating Wall Street expectations of 35 cents. But HP Enterprise missed on its top line, posting $7.55 billion in revenue versus $7.6 billion forecast by Refinitiv.
HP Enterprise sees full-year 2019 earnings per share between $1.56 and $1.66, vs. the estimated $1.58.
Dropbox shares rose slightly and then fell more than 8 percent after hours Thursday after posting better-than-expected fourth-quarter earnings but also giving disappointing guidance. The software company beat on the top and bottom lines, reporting revenues of $376 million, compared to the Refinitiv estimate of $370 million. Adjusted earnings per share were 10 cents, versus the 8 cents forecast by analysts. Paying users reached 12.7 million, beating the expected 12.54 million. Average revenue per user increased to $119.61, vs. the forecast $118.48.
Shares of Roku surged as much as 6 percent in extended trading Thursday following the release of their better-than-expected fourth-quarter earnings. The digital media player manufacturer posted earnings per share of 5 cents on revenues of $276 million. Wall Street forecast earnings per share of 3 cents on revenue of $262 million, according to Refinitiv.
First Solar shares dropped more than 4 percent in after hours trading Thursday after the release of the semiconductor manufacturing company's fourth-quarter earnings. First Solar earned $691 million in revenue, missing Refinitiv estimates of $804 million. Earnings per share were 49 cents, 15 cents below expectations.