As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and also apply those discounts to private health plans.Health and Scienceread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
The Democratic-held House plans to move forward with a bill to fund the government through Nov. 21 and avoid another government shutdown.Politicsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district.Retailread more
Newly public ride-sharing companies Uber and Lyft have tumbled 25% since their initial public offerings, but Light Street's Glen Kacher still believes there's a path for...Delivering Alpharead more
The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target.Market Insiderread more
The PSA features kids in what initially appears to be a cheerful spot. But it becomes darker as children show how their "back to school" products help in the context of a...Politicsread more
The formats will be available for Facebook's News Feed.Technologyread more
Check out the companies making headlines after the bell:
Shares of DocuSign surged as much as 22% after the company reported better-than-expected second-quarter revenue and issued strong third-quarter and full-year revenue guidance. That news outweighed DocuSign's second quarter earnings per share, which fell 3 cents short of Refinitiv consensus estimates. Dan Springer, CEO of DocuSign, cited the company's growing number of customers.
Crowdstrike fell 8% despite reporting a smaller-than-expected second-quarter loss. The cybersecurity company reported an adjusted second-quarter loss per share of 18 cents on revenue of $108 million. Analysts had expected a loss per share of 23 cents on revenue of $104 million, according to Refinitiv consensus estimates. George Kurtz, CrowdStrike's co-founder and chief executive officer, said the company has seen "rapid subscription revenue growth." The stock has been on a tear this year, more than doubling in price since its June IPO.
Shares of Zoom Video slipped despite better-than-expected earnings for the second quarter. The conferencing service company reported adjusted earnings per share of 8 cents on revenue of $146 million. Analysts had expected earnings per share of 1 cent on revenue of $130 million, according to Refinitiv consensus estimates. Eric Yuan, founder and chief executive officer of Zoom, said the company has seen "increased profitability and free cash flow." Zoom stock has rocketed since going public in April, closing at $92.69 on Thursday.
Lululemon rose as much as 5% after beating analysts' expectations for the second quarter driven by 35% growth in men's sales. The athletic apparel retailer reported earnings per share of 96 cents on revenue of $883 million. Analysts had expected earnings per share of 89 cents on revenue of $846 million, according to Refinitiv consensus estimates. Lululemon's comparable store sales were also up 15% and the company forecast promising third-quarter earnings per share and revenue.