While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
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
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
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread 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
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread 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 afternoon 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
Check out the companies making headlines after the bell:
Shares of Apple soared more than 5% in extended trading Tuesday following the release of the tech giant's better-than-expected earnings for the fiscal second-quarter. Tim Cook's company reported earnings per share of $2.46 on revenue of $58.02 billion. Wall Street estimated earnings per share of $2.36 on revenue of $57.37 billion, according to Refinitiv consensus estimates.
Apple's iPhone revenue came in at $31.05 billion, slightly lower than the $31.10 billion expected. Services revenue beat estimates of $11.37 billion at $11.45 billion.
For the third quarter Apple expects to see revenue between $52.5 billion and $54.5 billion, guiding higher than the $51.94 billion in revenue that analysts had projected.
AMD shares surged as much as 7% after hours Tuesday after reporting strong first-quarter earnings and guidance in line with estimates. The semiconductor company earned $1.27 billion in revenue, topping estimates of $1.26 billion. Earnings per share were 6 cents, slightly higher than the forecast of 5 cents per share, according to Refinitiv. Gross margin was in line with estimates at 41%.
AMD expects to earn about $1.52 billion in revenue during the company's second quarter. Analysts had projected $1.53 billion in revenue for that period.
Shares of Amgen fell as much as 1% after the bell Tuesday despite better-than-expected first-quarter earnings. The biotech copany posted earnings per share of $3.56, beating Refinitiv estimates of $3.48. Revenue came in at $5.56 billion, higher than the $5.54 billion expected by analysts.
Mondelez shares seesawed after market close Tuesday after the food company reported mixed first-quarter earnings. The Oreo cookie maker earned $6.54 billion in revenue, compared to the $6.55 billion forecast by analysts surveyed by Refinitiv. Earnings per share were 65 cents, topping estimates by 4 cents per share.
The snack giant's organic revenue increased 3.7%, beating estimates of a 2.3% increase.
Shares of insurance company Chubb ticked 1% higher in extended trading Tuesday following the release of its disappointing first-quarter earnings. Missing on the top and bottom lines, Chubb reported earnings per share of $2.54 on revenue of $6.73 billion. Wall Street expected earnings per share of $2.56 on revenue of $6.86 billion, according to Refinitiv.