Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
More than 1,000 protesters marched to major foreign consulates on Wednesday calling on leaders at the upcoming G-20 summit to raise the plight of Hong Kong with China and to...World 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.