After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread 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.