Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Check out the companies making headlines after the bell:
Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of $3.11 on revenue of $17.67 billion, according to Refinitiv.
FedEx also slashed its full-year guidance for the second quarter in a row citing slowing global trade. For 2019, FedEx sees earnings per share between $15.10 and $15.90, compared to the estimated $15.97.
Shares of shipping company UPS also dipped about a percent.
Tencent Music shares fell more than 7 percent after hours Tuesday despite reporting strong fourth-quarter earnings. The Chinese music streaming company reported RMB 5.40 billion in revenue, topping Refintiv estimates of RMB 5.29 billion. Earnings per share were RMB 0.57, beating estimates of RMB 0.56.
Shares of Smartsheet surged more than 9 percent after the bell Tuesday based on strong fourth-quarter earnings. The software company posted revenue of $52.2 million, compared to the $49.8 million forecast by analysts. Smartsheet reported a loss of 7 cents. Analysts' were expecting a loss of 14 cents.
Steelcase shares rose more than 7 percent percent in extended trading Tuesday after reporting better-than-expected fourth-quarter earnings. The furniture company reported earnings per share of 29 cents on revenue of $912 million. Analysts expected earnings of 26 cents on revenue of $871 million.