Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
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
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread 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
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Check out the companies making headlines after the bell:
Shares of Qualcomm dropped as much as 5% in extended trading Wednesday despite the semiconductor company's better-than-expected second-quarter earnings. Qualcomm reported earnings per share of 77 cents on revenue of $4.98 billion. Wall Street expected earnings per share of 71 cents on revenue of $4.80 billion, according to Refinitiv consensus estimates. The stock pared its losses after the initial post-earnings dip to trade roughly 3% down.
Fitbit shares popped as much as 4% — then settled to trade 2% up — after market close Wednesday after reporting first-quarter earnings that beat estimates on the top and bottom line. Fitbit posted revenue of $272 million, topping estimates of $260 million, according to analysts surveyed by Refinitiv. The company lost 15 cents per share, compared with the loss of 22 cents forecast by analysts.
Square shares tanked 7% after hours Wednesday despite the mobile payment company's better-than-expected first-quarter earnings. Square earned $489 million in revenue, beating the expected $478 million. Earnings per share came in at 11 cents, higher than the 8 cents estimated by analyst. Square's gross payments volume came in below expectations at $22.6 billion. Analysts had expected $22.8 billion.
Square's second-quarter guidance came in below expectations. The company expects to earn between 14 cents and 16 cents per share, compared with the 19 cents analysts had projected. Square is up more than 30% since the beginning of the year.
Shares of Eventbrite tanked more than 29% after hours Wednesday following the release of the ticketing website's first-quarter earnings and weak second-quarter guidance. Eventbrite reported a loss of 13 cents per share on revenue of $81.3 million. Analysts forecast a loss of 9 cents on revenue of $83.0 million, according to Refinitiv consensus estimates.
Eventbrite expects between $74 million and $78 million in revenue for the second-quarter, lower than the $82.4 million analysts had expected.
Eventbrite's stock was trading below $18 per share, its lowest level since its initial public offering in September of 2018.