The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Barney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in...Invest in You: Ready. Set. Grow.read more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
Check out the companies making headlines after the bell:
Rite Aid plunged more than 10% following a disappointing quarterly report. The drugstore chain reported an adjusted loss of 14 cents per share on $5.37 billion in revenue. Analysts expected a loss of 8 cents per share on $5.38 billion in revenue, according to Refinitiv. The company's stock price has dropped more than 80% in the past 12 months, and it now has a market cap of less than $400 million.
KB Home rose 5% after hours following a quarterly report that beat expectations on the top and bottom lines. The homebuilding company generated earnings of 51 cents per share on $1.02 billion in revenue, topping estimates of 40 cents per share on $936 million in revenue, according to Refinitiv.
Shares of Herman Miller jumped 12% during extended trading after the furniture company beat estimates for its fiscal fourth quarter and raised its dividend. The company reported adjusted earnings of 88 cents per share on revenue of $671 million. Wall Street expected earnings of 78 cents per share on revenue of $657 million, according to Refinitiv.
The company also announced that its quarterly dividend would now be 21 cents per share, a 6% increase.
Two companies with exposure to blockchain fell after hours as Bitcoin cut some of its recent gains. Riot Blockchain dropped 9.5%, while Overstock.com lost 6.4%. Both companies have market caps below $500 million.