Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Former Facebook executive Alex Stamos said Mark Zuckerberg should hire a new CEO and turn his focus to building products.Technologyread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Check out the companies making headlines after the bell:
Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant's strong first-quarter earnings. Jeff Bezos' company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of $4.72 on revenue of $59.65 billion, according to analysts surveyed by Refinitiv.
Ford shares surged as much as 8% after hours Thursday after posting better-than-expected first-quarter earnings. The Detroit automaker earned $37.24 billion in revenue, topping estimates of $37.08 billion per Refinitiv. Earnings per share were 44 cents, compared to the 27 cents forecast by analysts.
On an unadjusted basis, Ford's profit slid 34% from the year earlier. However, the demand for its popular pickups and SUVs in North America helped offset losses in China and South America.
Shares of Intel dropped 8% after market close on Thursday after reporting strong first-quarter earnings but weak forward-looking guidance. The semiconductor company reported earnings of 89 cents per share, topping estimates of 87 cents per share. Revenue was $16.06 billion, higher than the forecast $16.02 billion, according to analysts surveyed by Refinitiv.
The company reported weak guidance compared with analyst estimates for the full year 2019. Intel expects revenue of $69.0 billion compared with estimates of $71.05 billion.
Starbucks shares popped about 2% in extended trading — then pared gains — following the release of the Seattle-based coffee chain's mixed second-quarter earnings. Starbucks reported earnings per share of 60 cents on revenue of $6.31 billion. Wall Street expected earnings per share of 56 cents on revenue of $6.32 billion, according to Refinitiv.
Starbucks same-store sales grew 3%, compared with the 2.9% expected.
Shares of Mattel soared 10% after hours Thursday after posting better-than-expected first-quarter earnings. The toy-maker reported a loss of 44 cents per share, compared with the expected loss of 56 cents. Revenue was $689 million, topping Refinitiv consensus estimates of $645 million.