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:
Share of Apple rose more than 4% in after-hours trading after the tech giant reported higher-than-expected earnings for its June quarter, and its revenue returned to growth after two down quarters. The company reported earnings of $2.18 on revenues of $53.8 billion versus the $2.10 on revenues of $53.39 billion analysts polled by Refinitiv had been expecting. Apple's revenue guidance range for the fourth quarter is $61 billion to $64 billion, above the $60.98 billion analysts had expected. "Great services quarter, unbelievable wearables quarter, significant progress on iPhone, and off-the-charts significant progress on China, compared to where we were the previous quarter," Apple CEO Tim Cook told CNBC's Josh Lipton.
Electronic Arts jumped 3.9% after the gaming company's first-quarter revenues beat analysts' estimates. The company reported revenues of $743 million, topping the $719 analysts polled by Refinitiv had been expecting. Electronic Arts CEO Andrew Wilson said the company brought "rich new experiences to our growing communities for Apex Legends, EA SPORTS, The Sims and more."
Amgen ticked up 2.7% after the biotechnology company beat expectations with its second-quarter earnings. The company reported adjusted earnings per share of $3.97 on revenues of $5.87 billion. Analysts had expected earnings per share of $3.59 on revenues of $5.68 billion, according to Refinitiv. In a statement, Chairman and CEO Robert Bradway highlighted "newer products generating strong volume gains globally and many first-in-class medicines advancing through our pipeline."
Shares of FireEye dropped 15% after the cybersecurity company reported mixed second-quarter earnings and a weak guidance for the third quarter. The company reported an adjusted loss per share of 1 cent on revenues of $218 million, versus the earnings per share of 1 cent on revenues of $215 million analysts polled by Refinitiv had been expecting. FireEye's guidance for the third quarter included adjusted earnings per share of between 0 and 2 cents versus the 7 cents analysts expected, and a revenue range of $217 million to $221 million versus the $228 million expected. FireEye's CFO Frank Verdecanna said "a greater than expected increase in expenses related to cloud hosting and commissions on new business" negatively impacted the company's gross and operating margins.