The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
Check out the companies making headlines after the bell:
Shares of Beyond Meat soared 14% in extended trading on Thursday after the plant-based alternative meat company reported its first quarterly report since going public. The company reported revenue of $40.2 million, surpassing the expected $38.9 million, and earnings of 14 cents per share. The company expects $205 million in revenue this fiscal year.
Shares of Zoom Video jumped 10% after the company reported better-than-expected revenue and gave strong guidance that topped estimates in its first quarterly report since its IPO. Zoom reported revenue of $122 million, while analysts surveyed by Refinitiv expected revenue of $111.7 million. Zoom reported earnings of 3 cents per share.
The company expects second-quarter revenue between $129 million and $130 million. Zoom expects revenue between $535 million and $540 million for the current fiscal year, besting Wall Street projections of $520 million in annual revenue.
Shares of DocuSign plummeted more than 20% despite the tech company reporting first-quarter results that beat estimates on the top and bottom lines. The company reported earnings of 7 cents per share on revenue of $214 million, versus the expected 5 cents per share on revenue of $208 million.
The company also raised its guidance for the upcoming quarter and the current fiscal year.
Shares of PagerDuty jumped 1% after the digital operations management giant reported revenue that beat estimates. The company reported first-quarter revenue of $37.3 million, $2.3 million higher than expected, and a loss of 22 cents per share.