Cloud services provider Verint saw its shares jump in after-hours trading Wednesday on an equity stake of up to $400 million as part of a plan to split into two separate companies.

Company sets $300 million share buyback program in addition to private equity investment of up to $400 million.

Verint Systems rises after the company raises fiscal 2020 earnings guidance.

U.S. stock futures are lower, with investors pointing to trade tensions between Washington and its major economic allies as catalysts for the declines; Twitter CEO Jack Dorsey and Facebook Chief Operating Officer Sheryl Sandberg are due to testify on Wednesday before the U.S. Senate Select Committee on Intelligence; Workday slumps; Toyota to recall 1 million vehicles.

U.S. stock futures fall and European shares tumble amid a political crisis in Italy; oil prices in the U.S. decline on reports Saudi Arabia may lead an effort to pump more crude into the market; Starbucks to close 8,000 stores for anti-bias training.

Beyond today's disruption to your coffee break, here are the headlines moving the market before the bell.

Jim Cramer highlights First Data, Sprint, T-Mobile US, Altria, Corning, Beacon Roofing Supply, Verint Systems, Flextronics and more.

Jim Cramer says if you really want bigger gains than you can get from riding a hot stock, you have to buy the cold stock of a once-hot company that could flame up.

The extent of a stock market pop in that case could go as high as the 2575 level for the S&P 500.

Tesla's billionaire CEO is calling on the Biden administration to make a move against the mass incarceration of people for weed.

Stocks are on the rise again Thursday as fading rate bets help the Dow exit its recent correction while pulling the Nasdaq 20% higher from its mid-June trough.

Royal Caribbean cruise line has slowly returned to its prepandemic normal, and Carnival Cruise is likely to follow on soon.