A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Check out the companies making headlines after the bell:
Shares of Salesforce jumped nearly 3% in extended trading after the software company reported better-than-expected first-quarter earnings and strong guidance for the 2020 fiscal year. The company reported earnings of 93 cents per share on revenue of $3.74 billion, while Refinitiv consensus estimates projected earnings of 61 cents per share on revenue of $3.68 billion.
Shares of GameStop tanked 20% after the video game retailer reported a 13.3% drop in first-quarter revenue and a 10.3% fall in same-store sales. GameStop reported earnings of 7 cents per share, versus the expected loss of 3 cents per share, and revenue of $1.55 billion, versus the expected $1.64 billion.
Pivotal Software stock plunged almost 30% in extended trading after the software company gave weak guidance for the upcoming second-quarter and the current fiscal year. The company expects second-quarter revenue between $185 million and $189 million, while Wall Street expected revenue of $198 million. Pivotal Software expects full-year revenue between $765 million and $767 million, while Wall Street expected revenue of $803 million.
Skyworks Solutions stock ticked lower after the Huawei supplier cut its guidance for the upcoming quarter and for the 2019 fiscal year in light of the Trump administration blacklisting Chinese telecom giant Huawei. Skyworks cut its third-quarter revenue forecast to a range of $755 million to $775 million, down from prior guidance of between $815 million and $835 million.
Skyworks said in a press release that sales to Huawei accounted for approximately 12% of the company's total revenue for the first six months of 2019.
Shares of Ambarella leaped 15% after the semiconductor company reported first-quarter earnings that beat analyst expectations. Ambarella reported earnings of 1 cent per share, compared with an expected loss of 5 cents per share. The company reported revenue of $47.2 million, just $200,000 higher than expected. Ambarella also reported strong revenue guidance for the upcoming quarter.
Shares of TiVo surged 8% after the tech company announced it had won a legal battle with Comcast over patent infringement. A judge ruled that Comcast's X1 platform infringes on patents owned by Rovi, which merged with TiVo in 2016, and would require license fees should Comcast continue using TiVo's patent tech.
Disclosure: Comcast is the parent company of CNBC.