Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500-point gain in the final half hour as...Trader Talk with Bob Pisaniread more
The U.S. and China agreed on a "substantial phase one" trade deal that delays tariff hikes set to kick in next week.Marketsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
California's Tehachapi Pass is already home to one of the largest wind farms in the world, and now Amazon is coming, building a huge wind project in the area. How...Powering the Futureread more
The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans.Technologyread more
New York City police say four people have been killed in a shooting in Brooklyn that also injured three others.U.S. Newsread more
President Donald Trump said in a tweet Friday that acting Homeland Security Secretary Kevin McAleenan is stepping down.Politicsread more
U.S. foreign policy in places like Syria has been "contradictory," according to the former chief of Saudi Arabia's intelligence services.World Politicsread more
Blizzard insisted that its initial decision to ban "Hearthstone" player Chung "Blitzchung" Ng Wai was not influenced by the company's relationships in China.China Politicsread more
Mnuchin said that the U.S. won't impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15.Politicsread more
Check out the companies making headlines after the bell:
Shares of Uber plummeted 12% before settling 4% below its closing price in after-hours trading following the transportation and food ordering service company's disappointing second-quarter earnings. Uber reported a second-quarter loss per share of $4.72 on revenue of $3.17 billion. Analysts had expected a loss per share of $3.12 on revenue of $3.36 billion, according to Refinitiv consensus estimates. CEO Dara Khosrowshahi said he does not expect Uber Eats to be profitable in the next year. Uber Eats generated $3.39 billion in gross bookings, which fell below analysts' expectations of $3.51 billion.
Broadcom rose about 1% after announcing that it would acquire Symantec for $10.7 billion. The semiconductor company said it expects the acquisition to result in more than $1 billion in run-rate cost synergies in the 12 months following the deal's close.
Shares of cybersecurity company Symantec gained more than 2% after the announcement. The company also reported first-quarter adjusted earnings per share of 43 cents on revenue of $1.25 billion. Analysts had expected earnings per share of 33 cents on revenue of $1.19 billion, according to Refinitiv consensus estimates.
Yelp jumped 4% after announcing its second-quarter earnings. The review forum company reported second-quarter earnings per share of 16 cents on revenue of $247 million. Analysts had expected earnings per share of 12 cents on revenue of $247 million, according to Refinitiv consensus estimates. Yelp announced that CFO Lanny Baker will step down in September, as he becomes CFO of Eventbrite.
Shares of Farfetch cratered more than 40% after cutting its gross merchandise value growth expectations. The company said it now expects 37% to 40% growth year over year, down from its previous forecast for 41%. Farfetch also said COO Andrew Robb is stepping down after nine years in the role.
The online luxury fashion retail company reported an adjusted loss per share of 15 cents on revenue of $209.3 million. Analysts had expected a loss per share of 21 cents on revenue of $199.1 million, according to Refinitiv estimates.
Correction: Uber CEO Dara Khosrowshahi is a man. An earlier version misidentified him.