Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
Check out the companies making headlines after the bell:
Shares of Micron rose slightly in extended trading Wednesday following the release of the company's better-than-expected second-quarter earnings. Beating on the top and bottom line, the chipmaker reported earnings per share of $1.71 on revenue of $5.84 billion. Wall Street had estimated earnings per share of $1.67 on revenue of $5.82 billion, according to Refinitiv.
Micron's revenue compares to the $7.35 billion they earned in the same period last year. Micron President and CEO Sanjay Mehrotra cited a "challenging market environment" for the revenue decline in the company's earnings release.
Williams-Sonoma shares surged as much as 10 percent after hours Wednesday based on strong fourth-quarter earnings and 2019 guidance. The retail company's earnings per share were $2.10, topping Refinitiv estimates of $1.96. Revenue was $1.84 billion, beating estimates of $1.80 billion.
Williams-Sonoma same-store sales increased 2.4 percent, compared the 2.5 percent increase forecast by analysts. The company also announced a $500 million stock buyback program. The company increased its dividend 12 percent to 48 cents. The stock has since lost most of its gains, but was still trading 2 percent higher.
Shares of Guess plummeted more than 12 percent after market close Wednesday following mixed fourth-quarter earnings. The clothing company reported $837 million in revenue, beating a Refinitiv estimate of $831 million. Earnings per share were 70 cents, compared to the 75 cents forecast by analysts.
Herman Miller shares jumped more than 3 percent in extended trading Wednesday after issuing strong fourth-quarter guidance. For the third quarter, the furniture company reported earnings per share of 64 cents on revenue of $619 million. Analysts expected earnings per share of 60 cents on revenues of $623 million.
Herman Miller expects fourth-quarter earnings per share to be between 76 cents and 80 cents, compared to the estimated 72 cents. The company sees revenue between $645 million and $665 million, versus estimates for $655 million.