Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Asian cities are on the rise and are dominant in the Fintech space.Financeread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
Check out the companies making headlines after the bell:
After being halted, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates of $347 million. Earnings per share were 46 cents cents, below the 60 cents forecast by analysts.
Weight Watcher's President and CEO Mindy Grossman said in a release the company "had a soft start to 2019 versus last year's strong performance." For 2019, Weight Watchers expects to earn $1.4 billion in revenue, vs. the $1.66 billion analysts estimated.
Shares of Papa John's jumped as much as 5 percent after market close on Tuesday despite weak fourth-quarter earnings. The pizza company reported earnings per share of 15 cents, missing Refinitiv estimates by 2 cents. Revenue was $374 million, lower than the expected $390 million. The company's fourth-quarter North American same store sales decreased 8.1 percent and down 7.3 percent for the full year.
Papa John's estimates full-year North American same store sales will decrease between 1 and 5 percent. The company expected 2019 earnings per share between $1.00 and $1.20, vs. the forecast $1.20.
Shares of Mylan dropped more than 9 percent in extended trading Tuesday following the release of the company's weak fourth-quarter earnings. The pharmaceutical company posted earnings per share of $1.30 on revenues of $3.08 billion. Wall Street estimated earnings per share of $1.36 and revenues were in line with estimates, according to Refinitiv. The company issued weak 2019 guidance: earnings per share between $3.80 and $4.80, vs. the estimated $5.04. Full-year revenue guidance is between $11.5 and $12.5 billion, compared to the forecast $11.86 billion.
Share of Gap ticked more than 1 percent higher in extended trading following a release that the company's board of directors approved a new $1 billion stock buyback program. The clothing company is set to report fourth-quarter earnings on Thursday. The stock later gave up some of its post-market gains.