While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread 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.