Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Check out the companies making headlines after the bell:
Shares of Pinterest plummeted more than 15% during extended trading on Thursday after the company posted disappointing first-quarter earnings in its first report since going public. The company reported a loss of 32 cents per share, while a Refinitiv consensus had estimated a loss of 11 cents per share. It posted revenues of $201.9 million, slightly higher than the expected $200.6 million.
Pinterest gave revenue guidance of between $1.06 billion and $1.08 billion for the 2019 fiscal year, which would mark the first time the company cracks the $1-billion mark.
Shares of Nvida jumped nearly 6% after the computer game company reported better-than-expected first-quarter earnings. The company reported earnings of 88 cents per share on revenues of $2.22 billion, while analysts had anticipated earnings of 81 cents per share on revenues of $2.20 billion.
Shares of Applied Materials surged at least 6% after the manufacturing company reported second-quarter results that beat estimates on the top and bottom lines. The company reported earnings of 70 cents per share on revenues of $3.54 billion, while Wall Street had expected earnings of 66 cents per share on revenues of $3.48 billion.
Shares of Baidu tumbled more than 8% after the China-based technology company reported first-quarter revenues that missed earnings and revenue estimates. The company reported earnings of 2.77 Chinese yuan per share on revenues of 24.12 billion yuan, while analysts had estimated earnings of 2.89 yuan per share on revenues of 24.16 billion yuan. The company also announced a U.S. $1 billion stock buyback program.