The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.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.