The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Check out the companies making headlines after the bell:
Shares of Wells Fargo jumped more than 3 percent after market close Thursday following news that the bank's CEO Tim Sloan is retiring. Sloan was under pressure to step down, especially from lawmakers like Sen. Elizabeth Warren. The bank's general counsel Allen Parker will take over as interim CEO and president.
Morgan Stanley shares ticked slightly higher after a memo revealed that its president, Colm Kelleher, is retiring. He joined the bank in 1989 and will be officially stepping down on June 30.
Shares of RH, parent company of Restoration Hardware, plummeted more than 17 percent in extended trading after releasing mixed fourth-quarter results. The home furnishings company lowered its 2019 revenue guidance to a range of $2.585 billion and $2.635 billion, down from its previous range of $2.72 billion to $2.82 billion. The company cited weakness in its core business after the fourth-quarter market volatility and negative trends in the high end housing market.
RH also reported fourth-quarter earnings per share of $3 on revenue of $670.9 million. Wall Street expected earnings per share of $2.86 on revenues of $686.30 million, according to Refinitiv.
Shares of Progress Software surged more than 20 percent in extended trading after announcing it is acquiring private secure data file transfer company Ipswitch for $225 million in cash.
Progress Software's first-quarter earnings were also released. Adjusted earnings per share during the quarter was 50 cents compared to 56 cents in the same quarter last year, a decrease of 11 percent. Revenue was $89.5 million during the quarter compared to $95.5 million in the same quarter last year, a decrease of 6 percent.
Correction: Colm Kelleher was president of Morgan Stanley. A previous version of this story misstated his title.