The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Check out the companies making headlines after the bell:
Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The luxury consignment company reported an adjusted second-quarter loss of 28 cents per share on revenue of $71.0 million. Analysts had expected a loss per share of 33 cents on revenue of $70.1 million, according to Refinitiv. Both active buyers and orders increased 40% since the second quarter of last year, according to the company's press release. Julie Wainwright, CEO and founder of RealReal, said the company drove marketing leverage and strategic initiatives in the second quarter.
Tilray dropped 7.2% after the cannabis company announced a wider-than-expected second-quarter loss. The company reported an adjusted loss per share of 32 cents on revenue of $45.9 million. Analysts had expected a loss per share of 25 cents on revenue of $41.1 million, according to Refinitiv. Tilray reported increased operating expenses from growth initiatives.
Shares of Myriad Genetics plummeted 16% after the molecular diagnostic company announced disappointing second-quarter earnings. The company reported fourth quarter adjusted earnings per share of 41 cents on revenue of $215 million. Analysts had expected earnings per share of 47 cents on revenue of $221 million. Mark Capone, president and CEO of Myriad, said revenue missed expectations for the fourth quarter due to lower reimbursement for its expanded carrier screening test.
Adaptive Biotechnologies fell by more than 10% after the company posted its first quarterly report since going public. The company posted a loss per share of $1.23, larger than the loss of $1.01 a share a year earlier. Adaptive also reported revenue of $22.1 million, above the $19.3 million consensus estimate from Refinitiv. CEO Chad Robins said the company is progressing on "near-term product applications across our life sciences research, clinical diagnostics, and drug discovery businesses."
Qualcomm named Mark McLaughlin as its new board chairman. McLaughlin previously served as chairman and CEO of Palo Alto Networks. He will replace Jeff Henderson, who will remain on the board. The stock was little changed.