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Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.

Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.

The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.

Exxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there’s a twist involving the latter’s chief executive.

Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.

Qualcomm Inc. says it’s benefitting as customers look to enable artificial intelligence on their devices, and its stock gained about 4% after hours.

Informatica Inc.’s stock was flat in after-hours trading Wednesday after the software company posted quarterly results.

Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.

Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric that was just shy of estimates.

An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.

U.S. Treasury’s bond blunder will cost young Americans dearly.

Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.