Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The embattled leader is expected to outline a timetable for her successor to be chosen.Europe Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Check out the companies making headlines after the bell:
Shares of Las Vegas Sands jumped more than 4% in extended trading Wednesday following the release of the company's first-quarter earnings. Beating on the top and bottom lines, the casino company posted earnings per share of 91 cents on revenue of $3.65 billion. Wall Street estimated earnings per share of 87 cents on revenue of $3.49 billion, according to Refinitv consensus estimates.
Alcoa shares fell 2% after hours Wednesday after reporting disappointing first-quarter earnings. The aluminum producer earned $2.72 billion in revenue, missing Refinitiv estimates of $2.81 billion. Alcoa reported a loss of 23 cents, a larger-than-expected loss than the 13 cents forecast by analysts.
Shares of Atlassian plummeted 9% after hours Wednesday despite posting better-than-expected third-quarter earnings. The software company earned $309 million in revenue, topping estimates of $305 million. Earnings per share came in at 21 cents, beating the forecast of 18 cents.
Atlassian fell down on fourth-quarter earnings per share guidance, though. The company estimates earnings per share of 16 cents, below the forecast 19 cents. Full-year earnings per share guidance was roughly in line with estimates. Atlassian's deferred revenues and billings were both below expectations.
Sleep Number shares tanked 12% in extended trading Wednesday after reporting mixed first-quarter earnings. Sleep Number reported earnings of 80 cents per share on revenue of $426.4 million. Analysts had expected earnings per share of 73 cents on revenues of $427.5 million, per Refinitiv data.
Shares of E-trade rose as much as 3% after market close Wednesday based on strong first-quarter earnings. The financial services company reported revenue of $755 million, topping estimates of $737 million surveyed by Refinitiv. Earnings per share were $1.09, compared to the 93 cents forecast by analysts.
Pier 1 Imports shares sank as much as 14% in extended trading Wednesday following the release of its dismal fourth-quarter earnings results. The retailer, whose market cap sits just above $50 million, reported a loss of 85 cents per share, while Refinitiv showed expectations of earnings per share of 22 cents. Revenue came in at $412.5 million, missing the expected $426.1 million.
Same-store sales for Pier 1 decreased 13.7% in the fourth-quarter.
After closing 30 stores in fiscal 2019, Pier 1 said it may close up to 45 locations in fiscal 2020. The store closure number could increase to up to 15% of stores if the retailer "is unable to achieve performance goals, sales targets, and reductions in occupancy and other costs," the company said in a release.
The company also announced Nancy Walsh will be stepping down as chief financial officer after a little over a year in the role. Deborah Rieger-Paganis will take over as interim chief financial officer, effective immediately.