It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
L Brands shares fell by as much as 12% at one point, touching $17.61 — a price not seen since December 2009.Retailread more
"The president is not backing down," says CNBC's Jim Cramer, referring to Trump's repeated calls for the Fed to cut rates while talking tough on China.Economyread more
The market rebound this week hasn't convinced the strategist predicting a "Lehman-like" sell-off that the risk is completely off the table.Marketsread more
Check out the companies making headlines after the bell:
Shake Shake soared 8% in extended trading Thursday after reporting same-store sales that crushed expectations. The burger joint's same-store sales increase 3.6%, compared with the 0.9% expected on the Street. Earnings per share were in line with estimates at 13 cents. Revenue was $132.6 million, beating the Refinitiv consensus estimate of $126.3 million.
The fast-food company expects revenue between $576 million and $582 million for the full year 2019. That range is on the higher side of the estimated $577 million.
Beyond Meat shares continued to climb after hours Thursday — ticking nearly 5% higher — after the alternative protein company finished its first day of trading up 163%. In the strongest market debut so far this year, the plant based meat substitute maker is now valued at $3.77 billion.
Shares of CBS fell as much as 2% after the bell Thursday following the release of the media company's mixed first-quarter earnings. CBS posted earnings per share of $1.37 on revenue of $4.17 billion. Wall Street expected earnings per share of $1.36 on revenue of $4.30 billion, according to Refinitiv consensus estimates. The stock pared some losses after its initial dip.
Expedia shares dropped 3% in extended trading Thursday after reporting disappointing first-quarter revenue. The travel company reported a loss of 27 cents per share, posting a better result than the estimated 38 cent loss. Revenue came in at $2.61 billion, lower than the expected $2.69 billion. Expedia's room nights increased 9%, slightly lower than the expected 9.4% increase.
Shares of Activision Blizzard fell as much as 5% in extended trading Thursday after the company gave weak second-quarter guidance. For the first quarter, Activision Blizzard reported earnings per share of 31 cents, topping estimates of 25 cents. Revenue came in at $1.26 billion, higher than the forecast $1.24 billion per Refinitiv consensus estimates.
For the second quarter, Activision Blizzard expects earnings per share of 23 cents. Analysts had projected 37 cents per share. It estimates revenue of $1.15 billion, also lower than the $1.28 billion expected by analysts.
Gilead Sciences jumped 1% after hours Thursday, before giving up those gains, after reporting mixed first-quarter earnings. The biotech company reported earnings per share of $1.76, topping Refinitiv estimates of $1.71. Revenue was $5.28 billion, lower than the $5.30 billion forecast by analysts.
Revenue for Gilead's HIV drug, Biktarvy, beat expectations of $682 million, coming in at $793 million.
Shares of Monster Beverage surged as much as 9% after hours Thursday after posting better-than-expected first-quarter earnings. Beating on the top and bottom lines, Monster reported earnings per share of 48 cents on revenue of $946 million. Analysts were expecting earnings per share of 42 cents on revenue of $914 million, according to Refinitiv. The stock was last seen 6% up.
Weight Watchers shares rose 8% after hours Thursday after posting mixed first-quarter results. The wellness brand earned $363.2 million in revenue, compared with the $365.9 million expected. Weight Watchers posted a loss of 16 cents per share, better than the expected loss of 26 cents.