The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Check out the companies making headlines after the bell:
Shares of L Brands surged nearly 13% in extended trading on Wednesday after the parent company of retailers Victoria's Secret and Bath & Body Works reported first-quarter results that surpassed expectations. The company reported earnings of 14 cents per share on revenue of $2.63 billion. Wall Street had expected the company to break even, and to report revenue of $2.56 billion, according to Refinitiv consensus estimates. L Brands raised the lower end of its guidance for the current fiscal year.
L Brands reported flat comparable sales, while analysts had expected sales to fall 1.3%. Comparable sales of Bath & Body Works, alone, jumped 13%, compared with the expected 5.2% increase.
Brazil-based cosmetics firm Natura announced it will buy Avon Products in an all-stock deal, and shares of Avon soared 16% after hours. The deal values cosmetics company Avon at approximately $1.6 billion. The stock had already gained 9% during the regular trading session.
NetApp stock plunged more than 6% after the data services and management company reported earnings for its fiscal fourth quarter that missed estimates on the top and bottom lines, as well as weak first-quarter guidance. NetApp reported earnings of $1.22 per share and revenue of $1.59 billion, while analysts had expected earnings of $1.26 per share and revenue of $1.64 billion, according to Refinitiv consensus estimates.
The company expects earnings per share between 75 cents and 86 cents for its fiscal first quarter, lower than the Street estimate of $1.04 per share.