Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread 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.