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Signage for Bank of Korea is displayed atop the central bank's headquarters building in Seoul, South Korea, on Thursday, Aug. 16, 2018. South Korea's central bank hiked interest rates for a second consecutive meeting on Thursday to wrestle consumer inflation down from 13-year highs, and further raised its projections for prices to rise to their highest since 2008.Jean Chung | Bloomberg | Getty ImagesThe Bank of Korea is holding an emergency meeting after South Korean President Yoon Suk Yeol lifted a surprise martial law declaration overnight.The central bank was set to convene an extraordinary board meeting at around 9 a.m. local time on Wednesday. Last week, the BOK cut its benchmark interest rate by 25 basis points in a surprise move.Around that time, local news agency Yonhap reported th...

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024.Halil Sagirkaya | Anadolu | Getty ImagesSalesforce shares were up 9% on Tuesday after the company's fiscal third-quarter earnings report showed revenue and fiscal fourth-quarter guidance that exceeded analysts' expectations.Here's how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.41 adjusted vs. $2.44 expectedRevenue: $9.44 billion vs. $9.34 billion expectedThe company's revenue grew 8% year over year during the fiscal third quarter, which ended Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.Salesforce said it is expecting fiscal fourth-quart...

Check out the companies making headlines in extended trading. Salesforce — The software stock advanced 6% after the company posted a revenue beat in the third quarter. Revenue of $9.44 billion topped consensus forecasts calling for $9.35 billion, according to LSEG. Meanwhile, adjusted earnings of $2.41 per share slightly missed estimates for $2.44 per share. Marvell Technology – The developer of integrated circuits jumped 10% after issuing rosy guidance for the current quarter. The company sees fourth-quarter revenue coming in at $1.80 billion, compared to Wall Street's estimate of $1.65 billion, per LSEG. Adjusted earnings and revenue in the third quarter also topped expectations. Okta — Shares popped 16% following the company's stronger-than-expected guidance for the fourth quarter. Okta...

Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019.Michael Short | Bloomberg | Getty ImagesShares of Okta popped more than 18% in extended trading on Tuesday after the identity management company released third-quarter results that beat analysts' estimates and offered rosy guidance.Here's how the company did:Earnings per share: 67 cents adjusted vs. 58 cents expected by LSEG.Revenue: $665 million vs. $650 million expected by LSEG.Okta helps companies manage employees' access to applications or devices with features like single sign-on and multifactor authentication. The company swung to profitability, reporting net income of $16 million, or 9 cents per share, during the quarter, compared with a net loss of $81...

South Korean President Yoon Suk Yeol has lifted martial law, which he implemented hours earlier in a move that shocked MPs, the public and international allies.In a national address, the president said: "I have accepted the decision made by the National Assembly to dissolve and lift the martial law." MPs, including members of his own ruling party, voted to block the declaration as protesters clashed with soldiers and police after the martial law ruling.But what is martial law, and why did the president introduce it?What is martial law?It enacts temporary rule by the military and is usually invoked in times of war, rebellion or natural disaster.When martial law is in effect, the military commander has unlimited authority to make and enforce laws. Image...