The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Check out the companies making headlines after the bell:
Shares of Slack plunged 15% in extended trading after the company released its first earnings report since going public, briefly falling below its reference price from its direct listing. The maker of the popular workplace chat app reported a second quarter adjusted loss per share of 14 cents on revenue of $145 million. Analysts had expected a loss per share of 18 cents on revenue of $141 million, according to Refinitiv consensus estimates. For the fiscal third quarter, Slack gave strong revenue guidance, but forecast a slightly larger-than-expected loss per share than analysts had projected.
Cloudera leaped 7% after reporting better-than-expected second quarter earnings. The enterprise-software company reported an adjusted second quarter loss per share of 2 cents on revenue of $197 million. Analysts had expected a loss per share of 10 cents on revenue of $182 million, according to Refinitiv consensus estimates. Marty Cole, chairman of the board and interim chief executive officer of Cloudera, cited the company's improving pipeline generation and internal metrics.
Shares of Palo Alto Networks briefly fell 5% after it forecast that its 2020 fiscal adjusted profit would be below estimates. The security platform expected full-year adjusted earnings per share between $5.00 and $5.10. Analysts had expected earnings per share of $6.25, according to Refinitiv consensus estimates.
The stock has since reversed to trade about 6% above its closing price.The cybersecurity company announced better-than-expected fourth quarter revenue and profit. Palo Alto Networks also announced the acquisition of Zingbox, an Internet of Things security platform.
Mallinckrodt shares plummeted more than 40% after a Bloomberg report that the company may seek bankruptcy protection as it weighs the potential costs stemming from thousands of opioid lawsuits. Bloomberg reported the pharmaceutical company has hired advisors to help it navigate the liabilities. The company would seek bankruptcy protection if those costs were determined to be unmanageable, Bloomberg reported citing people familiar with the situation. Prior to the report, the company had a market valuation of around $217 million.