Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread 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.