The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
The U.S. Air Force's top general says he has not yet received direction to send additional bombers to the Middle East after what is believed to be an Iranian attack on Saudi...Defenseread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
Check out the companies making headlines after the bell:
Shares of Gap surged more than 20 percent after market close on Thursday based on news that the clothing company will split into two publicly traded companies, with Old Navy on its own. The other entity, not yet named, will include Gap, Athleta, Intermix, Banana Republic, and Hill City. The Old Navy company brings in about $8 billion in annual sales, while the new company will make roughly $9 billion in annual sales.
The news overshadowed Gap's mixed fourth-quarter earnings. The company reported earnings per share of 72 cents, versus 62 cents expected. Revenue was $4.62 billion, lower than the $4.69 billion forecast by analysts.
Nordstrom shares jumped more as much 6 percent after hours Thursday based on relatively strong full-year guidance despite a fourth-quarter revenue miss. The department store company earned $4.48 billion in revenue, missing estimates of $4.61 billion surveyed by Refinitiv. Earnings per share were $1.48. Same store sales increased 0.1 percent.
The company forecasts 2019 revenues to increase between 1 and 2 percent, below Wall Street's estimate of an increase of 2.7 percent. Nordstrom expects 2019 earnings per share between $3.65 and $3.90, in line with estimates of $3.67.
Marriott shares fell as much as 3 percent in extended trading Thursday after posting mixed fourth-quarter earnings. The hotel company reported earnings per share of $1.44 on revenues of $5.29 billion. Analysts expected earnings per share of $1.39 on revenues of $5.48 billion, according to Refinitiv consensus estimates. The stock has since lost most of its gains.
Shares of Dell rose more than 3 percent and then dipped negative in extended trading Thursday following the release of the computer company's fourth-quarter earnings. Dell posted revenues of $24 billion.
Shares of VMware jumped more than 3 percent after hours Thursday based on fourth-quarter earnings. Beating on the top and bottom lines, the computer software company earned $2.59 billion in revenue, compared to the $2.50 billion expected on the Street. Earnings per share came in at $1.98.
Shares of Tesla dropped more than 3 percent after being halted for volatility prior to news that the electric automaker launched its standard Model 3, starting at $35,000. Elon Musk's company also announced it is shifting all sales online and does not expect to be profitable in the first quarter.
Nutanix shares cratered more than 24 percent after market close based on dismal 2019 guidance. The computer software company estimates full year revenues between $290 and $300 million, well below the $348 million expected by analysts. They also see a full-year loss of 60 cents per share, compared to the forecast loss of 28 cents.
The full-year forecast overshadowed the company's second-quarter earnings beat. Nutanix reported a second-quarter loss of 23 cents per share on revenues of $335 million. Analysts has expected a loss per share of 25 cents on revenues of $331 million.