Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread 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.