The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
The service will be available on popular platforms such as Apple TV, Google Chromecast and Roku, but not Amazon's Fire TV.Technologyread more
"If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery," says former SEC Chairman Harvey Pitt.Investingread more
Check out the companies making headlines after the bell:
Cloudera stock plummeted more than 30% after the cloud software company announced CEO Tom Reilly is retiring and intends to leave his position on the board effective July 31. The company also announced mixed quarterly results and gave weak guidance for the upcoming quarter and the current fiscal year.
Cloudera reported a loss of 13 cents per share, narrower than the expected loss of 23 cents, and revenue of $187.5 million, just short of estimates.
Shares of Stitch Fix surged 30% during extended trading after the online personal styling company reported third-quarter results that beat on the top and bottom lines. The company reported earnings of 7 cents per share on revenue of $409 million, while Wall Street had expected a loss of 3 cents per share on revenue of $395 million, according to Refinitiv consensus estimates.
Shares of Five Below rose 1% after the retailer reported better-than-expected first-quarter earnings. Five Below reported earnings of 46 cents per share, beating the expected 35 cents per share, and revenue of $365 million, besting estimates by just $1 million. Comparable sales jumped 3.1%.
MongoDB stock dropped nearly 3% after the software company gave disappointing guidance for the current fiscal year. The company expects a loss per share of between $1.04 and $1.11. Analysts surveyed by Refinitiv had expected a loss of $1.00 per share. MongoDB reported a narrower-than-expected first-quarter loss of 22 cents per share and revenue of $89.4 million, $5.9 million higher than expected.
Shares of Elastic fell as much as 3%, before erasing those losses, after the search company announced that it will acquire Endgame, a security company, for $234 million in the form of Elastic stock, payment of outstanding debt and the assumption of Endgame's outstanding equity awards.