Earnings:
Alibaba fell after mobile monthly active users missed. Revenue came in just above estimates and adjusted Ebitda beat.
Qualcomm jumped postmarket after its profit and sales outlook beat.
Expedia rose as summer travel helped revenue top estimates.
Nintendo raised forecasts thanks to demand for games and the Switch console.
To come:
GM's outlook will be key, with reported revenue expected to remain flat or slightly higher.
Uber's food deliveries are set to steal the limelight, though ride sharing may show recovery signs.
Peloton may post another triple-digit revenue gain.
T-Mobile will be watched for its progress in 5G and integrating Sprint.
Corporate round-up:
Merck & Co. will buy privately held biopharma Velosbio for $2.75 billion in cash.
ByteDance is in discussions over a $2 billion financing round, people familiar said. That would boost its valuation to $180 billion.
Wells Fargo will freeze raises for employees making more than $150,000, people familiar said.
Apple faces a shortage of crucial power-control chips used in iPhones and other devices, people familiar said. It's unclear whether the bottleneck will limit sales during the holiday quarter.
Citi clawed back some of the losses from its Revlon gaffe. It has recouped about $390 million of the roughly $900 million it mistakenly paid to lenders.
Alibaba fell after mobile monthly active users missed. Revenue came in just above estimates and adjusted Ebitda beat.
Qualcomm jumped postmarket after its profit and sales outlook beat.
Expedia rose as summer travel helped revenue top estimates.
Nintendo raised forecasts thanks to demand for games and the Switch console.
To come:
GM's outlook will be key, with reported revenue expected to remain flat or slightly higher.
Uber's food deliveries are set to steal the limelight, though ride sharing may show recovery signs.
Peloton may post another triple-digit revenue gain.
T-Mobile will be watched for its progress in 5G and integrating Sprint.
Corporate round-up:
Merck & Co. will buy privately held biopharma Velosbio for $2.75 billion in cash.
ByteDance is in discussions over a $2 billion financing round, people familiar said. That would boost its valuation to $180 billion.
Wells Fargo will freeze raises for employees making more than $150,000, people familiar said.
Apple faces a shortage of crucial power-control chips used in iPhones and other devices, people familiar said. It's unclear whether the bottleneck will limit sales during the holiday quarter.
Citi clawed back some of the losses from its Revlon gaffe. It has recouped about $390 million of the roughly $900 million it mistakenly paid to lenders.