Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread 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.