Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Mortgage application volume was 40% higher than a year ago, largely because lower rates are strengthening the refinance market.Real Estateread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
AbbVie's deal to buy Allergan for about $63 billion is a "nice exit from a tough situation," RBC Capital Markets analyst Randall Stanicky says.Biotech and Pharmaceuticalsread more
Omada Health just raised $73 million at a valuation of around $600 million as it seeks to expand its digital health offerings.Technologyread more
Chevy is just rolling out an all-new version of its heavy-duty Silverado with the new High Country trim package that could become the first U.S. pickup to top $100,000, Chevy...Autosread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Check out the companies making headlines after the bell:
Dropbox stock surged nearly 5% in extended trading after the software company reported first-quarter earnings that surpassed analysts expectations. Dropbox reported earnings of 10 cents per share on revenue of $386 million, while Wall Street had expected earnings of 6 cents per share on revenues of $382 million, according to Refinitiv consensus estimates.
Shares of Zillow surged nearly 20% after the company reported better-than-expected first-quarter results. The company reported a loss of 33 cents per share, compared with the expected loss of 35 cents per share, and revenue of $454 million, compared with the expected revenue of $433 million, per Refinitiv consensus estimates.
Shares of Symantec plummeted 13% after the software company announced that CEO and President Greg Clark has resigned. The company will commence a search process to find a permanent replacement. The company also gave forward-looking guidance below what analysts had expected. For the first quarter, Symantec expects earnings between 30 cents and 34 cents per share, versus estimates of 40 cents per share. For the full fiscal year 2020, Symantec expects earnings of between $1.65 and $1.80 per share, while analysts had estimated earnings of $1.78 per share.
Symantec reported fourth-quarter earnings of 39 cents per share and revenue of $1.20 billion, Refinitiv consensus estimates had projected earnings of 39 cents per share on revenue of $1.21 billion.
Yelp stock fell more than 6% after the company reported weak first-quarter transactions revenue. Yelp reported first-quarter earnings of 2 cents per share and revenue of $236 million, topping Refinitiv consensus estimates had projected earnings of 1 cent per share and revenue of $235 million.
Sonos stock jumped nearly 4% after the company reported its second-quarter results. The electronics company reported a loss of 22 cents per share on revenue of $210 million.
Booking Holdings stock rose 4% after the company reported room nights that came in above estimates. Otherwise, the company reported first-quarter results that missed on both the top and bottom lines. The company reported earnings of $11.17 per share on $2.84 billion in revenue, while analysts had expected earnings of $11.27 per share on $2.93 billion in revenue, according to Refinitiv consensus estimates.
Shares of Wynn Resorts fell more than 4% after the company reported mixed first-quarter results. The casino hotel company reported earnings of $1.61 per share, compared with the estimated $1.60 per share, and revenue of $1.65 billion, compared with the estimated $1.66 billion.
Shares of GoPro rose 11% after the company reported first-quarter results that beat expectations. The adventure camera company reported a loss of 7 cents per share, compared with the expected loss of 9 cents, and revenue of $243 million, compared with the expected revenue of $234 million.
CarGurus stock rose nearly 9% after the company reported first-quarter results that beat Refinitiv consensus estimates on the top and bottom lines. The company reported earnings of 12 cents per share on revenue of $135.3 million, while analysts had expected earnings of 6 cents per share on revenue of $129.4 million.