Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Treasury Secretary Steven Mnuchin said a call between U.S. and China trade officials is scheduled for later on Thursday.Marketsread more
Three candidates calling for a mixed approach also co-sponsored Sen. Bernie Sanders' 'Medicare for All' bill.2020 Electionsread more
Here are the biggest calls on Wall Street on ThursdayInvestingread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Check out the companies making headlines after the bell:
Shares of Micron Technology jumped as much as 9.5% during extended trading after the chipmaker reported better-than-expected third-quarter earnings. The company reported adjusted earnings of $1.05 per share on revenue of $4.79 billion, while Wall Street had expected earnings of 79 cents per share and revenue of $4.69 billion, according to Refinitiv.
Micron CEO Sanjay Mehrotra said on the company's earnings call that Micron has resumed shipments to Huawei. The company suspended shipments to Huawei in May after the Commerce Department added the Chinese smartphone maker to its Bureau of Industry and Security list, Mehrotra said.
Fellow chipmaker Western Digital also rose following Micron's report, gaining as much as 4.3% after hours.
Shares of FedEx rose 2% after hours as the shipping company reported better-than-expected earnings for its fiscal fourth quarter. The Tennessee-based company reported $5.01 adjusted earnings per share on $17.81 billion in revenue, beating estimates of $4.85 earnings per share on $17.79 billion in revenue, according to Refinitiv consensus estimates.