Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Check out the companies making headlines after the bell:
Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21 cents on revenues of $194.9 million, according to Refinitiv. Active buyers increased 18.2 percent and active sellers increased 9.4 percent year over year. 2018 gross merchandise sales increased 20.4 percent year over year to $3.9 billion.
Shares of Hertz Global rose more than 16 percent after market close Monday following better than expected fourth-quarter earnings. The car rental company posted a loss of 55 cents per share, while analysts expected a loss of 90 cents. Revenue came in at $2.29 billion, slightly higher than the forecast $2.15 billion surveyed by Refinitiv.
Shares of Shake Shack rose more than 3 percent and then turned negative, trading down 2 percent after hours Monday following the release of the restaurant company's better-than-expected fourth-quarter earnings. Earnings per share were 6 cents, beating Refinitiv estimates of 3 cents. Revenue was $124.3 million, higher than the expected $118.8 million. Same stores sales were up 2.3 percent for the quarter, while analysts expected a 1.5 percent decrease. Shake Shack issued light 2019 revenue guidance: between $570 and $576 million, vs. the estimated $576 million. The fast-food chain gave flat guidance for 2019 same-store sales.
Shares of Sage Therapeutics dropped more than 5 percent in extended trading based on a release that the pharmaceutical company began a public offering of $500 million of its common stock. Sage also intends to give underwriters a 30-day option to purchase up to an additional $75 million of its common stock offered in the public offering, according to the release.
Rent-A-Center shares jumped more than 5 percent after the bell following the release of the furniture company's strong fourth-quarter earnings. Earnings per share were 35 cents, beating estimates by 15 cents. Revenue was $661.8 million, higher than the expected $656.8 million. Rent-A-Center issued mixed 2019 guidance. It sees revenue between $2.58 billion and $2.63 billion, compared to the estimated $2.62 billion. 2019 earnings guidance was mostly above estimates, coming in between $1.75 and $2.15 per share vs. the forecast $1.77.
Shares of Tenet Healthcare soared more than 12 percent in extended trading Monday after posting better-than-expected fourth-quarter earnings and strong full-year guidance . The healthcare company posted earnings per share of 51 cents on revenues of $4.62 billion. Analysts expected earnings of 28 cents on revenues of $4.51 billion, according to Refinitiv. Tenet issued weak first-quarter earnings guidance: between 10 to 43 cents per share, compared to the forecast 41 cents. Full-year earnings guidance was strong: between $2.08 and $2.59, vs. the estimated $1.94.