More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Check out the companies making headlines after the bell:
Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01 billion. Analysts had expected earnings per share of 53 cents on revenue of $4.02 billion, according to Refinitiv consensus estimates. CEO Art Peck cited a "challenging environment" in which all of its brands, including Old Navy, experienced a sales decline.
Salesforce climbed 7% after the company announced better-than-expected quarterly revenue and raised its annual forecast. The cloud-based software company reported adjusted second-quarter earnings per share of 66 cents on revenue of $4 billion. Analysts had expected earnings per share of 47 cents on revenue of $3.95 billion, according to Refinitiv consensus estimates. For the third quarter, the company expects revenue between $4.44 billion and $4.45 billion, which would represent 31% year-over-year growth. Salesforce has been investing in new expansion opportunities, including its $15.3 billion acquisition of data visualization company Tableau.
Shares of Intuit jumped 5% after the TurboTax parent reported better-than-expected fourth-quarter earnings. The company reported an adjusted loss per share of 9 cents on revenue of $994 million. Analysts had expected a loss per share of 15 cents on revenue of $962 million, according to Refinitiv consensus estimates. Sasan Goodarzi, Intuit's chief executive officer, cited improvements in customer experience.
VMware tumbled 6% after announcing it would acquire Carbon Black and Pivotal, which are valued together at $4.8 billion. These are the company's largest acquisitions and are expected to help it compete in the security market and hybrid-cloud infrastructure operations. The software company also reported adjusted second-quarter earnings per share of $1.60 on revenue of $2.44 billion. Analysts had expected earnings per share of $1.55 on revenue of $2.43 billion, according to Refinitiv consensus estimates.
Shares of Hasbro dropped 5% after announcing an all-cash deal to acquire Entertainment One for about $4 billion, an entertainment and media company. The deal would add family brands like Peppa Pig and PJ Masks to the toymaker's portfolio.