The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Check out the companies making headlines after the bell:
Shares of Nike dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results. Nike posted earnings per share of 68 cents, beating estimates of 65 cents, according to Refinitiv. Revenue came in-line with Wall Street's expectations at $9.61 billion. The stock was down on weaker-than-expected sales growth in North America.
Cintas shares dipped as much as 3 percent after hours Thursday on mixed third-quarter earnings. The business services company reported $1.68 billion in revenue, slightly missing estimates of $1.69 billion. Earnings per share were $1.84, beating the $1.71 forecast by analysts surveyed by Refinitiv.
Shares of Caleres fell more than 6 percent after market close Thursday following weak fourth-quarter earnings. The footwear company missed on the top and bottom lines. Caleres posted earnings per share of 38 cents on revenues of $720 million. Analysts forecast earnings per share of 45 cents on revenues of $738 million, according to Refinitiv.
GameStop shares popped slightly in extended trading on news that the gaming company named George Sherman as its CEO, effective April 2019. Sherman succeeds Shane Kim, who has served as interim chief executive officer since May 2018. Sherman has leading rolls at retailers Best Buy, Target, and Home Depot.
Shares of Zuora fell more than 11 percent after hours after reporting fourth-quarter earnings. The enterprise software company's total revenue grew 29 percent year-over-year. The company adopted a new revenue recognition standard that put first-quarter and full-year guidance below the outlook under the previous revenue recognition standard.