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Coinbase’s President & Chief Operating Officer Asiff Hirji late Tuesday said the popular digital-currency platform would kick off a crypto-focused index fund. Hirji told CNBC during an interview on its “Fast Money” segment that the planned index fund is intended to give retail investors broad exposure to virtual currencies. The COO said the fund is still in the works and would be targeted to accredited investors, with a specified net worth. Hirji said the index fund would be market-cap weighted but didn’t offer more details.

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National Economic Council Director Gary Cohn is resigning, the New York Times reported, citing a statement given to the newspaper from President Donald Trump. Cohn, previously the president of Goldman Sachs, was known to disagree over key White House economic decisions, including the new push for aluminum and steel tariffs. “Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again,” Trump said in a statement to the New York Times. “He is a rare talent, and I thank him for his dedicated service to the American people.” Cohn is expected to leave in the coming weeks, the report says.

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Shares of drone maker AeroVironment Inc. fell more than 8% late Tuesday after the company swung to a surprise fiscal 2018 third-quarter loss. AeroVironment said it lost $800,000, or 4 cents a share, in the third quarter of fiscal 2018, compared with a net loss of $2.2 million, or 9 cents a share, in the year-ago period. Revenue rose 20% to $64 million, compared with $53.2 million a year ago. Analysts polled by FactSet had expected earnings of 2 cents a share on sales of $63 million. In a separate press release, AeroVironment said it had been awarded a $44.5 million contract to provide drones for the ground forces of an unnamed Middle East “regional power,” it said. That was the company’s largest international order, AeroVironment said. AeroVironment shares ended the regular trading session up 0.8%.

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Shares of Carvana Co. fell more than 7% late Tuesday after the company reported a wider-than-expected fourth-quarter loss and revenue that also missed expectations. Carvana, a platform for buying used cars online, said it lost $47 million in the quarter, or 45 cents a share, compared with a loss of $36 million, or 26 cents a share, a year ago. Sales rose to $265 million, from $107 million a year ago. Analysts polled by FactSet had expected the company to report a loss of 39 cents a share on sales of $270 million. Carvana shares ended the regular trading session up 0.3%.

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Shares of Sunrun Inc. fell in Tuesday’s extended session after the solar energy company posted a quarterly loss. Sunrun reported a fourth-quarter net loss of $68.2 million, compared with a loss of $85.8 million a year ago. Its net income available to common stockholders rose to $58.9 million, or 55 cents a share, from $29 million, or 28 cents a share, in the year-earlier period. Revenue grew to $146.4 million versus $120.6 million. Sunrun shares slid more than 2% after hours.

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Royal Bank of Scotland on Tuesday agreed to a $500 million settlement linked to charges that it sold faulty residential mortgage-backed securities to investors in the lead up to the financial crisis in 2007-08, according to New York State Attorney General Eric Schneiderman. The settlement includes some $100 million cash to to New York State and $400 million in consumer relief for homeowners throughout the Empire state, according to a statement. Royal Bank of Scotland’s shares trading in Europe finished the day off 0.6% and have been down 6.4% so far in 2018. Comparatively, the S&P 500 index maintains a year-to-date gain of 2% after finishing Tuesday’s session up by 0.3%. Compared against its peers, RBS trails, with a exchange-traded fund of large banks, the SPDR S&P Bank ETF , up 7.9% so far this year. RBS reported its first annual profit in a decade, warning investors that legacy issues related to its sale and packaging of residential mortgage backed securities lingered.

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J.M. Smucker Co. said Tuesday that it was ending its bid for the Wesson cooking-oil unit of Conagra Brands Inc. after the Federal Trade Commission filed an administrative complaint challenging the action. Smucker stock was down a fraction after hours, and Conagra stock fell less than 1%. The FTC had charged that combining the Wesson oil brand with Smucker’s Crisco oil unit would allow Smucker to drive up the price of cooking oil in the U.S, and control 70% of the market. In a statement late Tuesday, Smucker Chief Executive Mark Smucker said, “While we disagree with the FTC’s conclusion, we have mutually determined with Conagra that it is not in the best interest of either party to expend the anticipated significant additional time and resources to challenge the FTC’s administrative complaint. We believe the FTC underestimated the significant role that private label brands play in the oils category, which account for approximately 50 percent of all cooking oil sales and hold significantly higher market share at some retailers.” Smucker stock has dropped 7.4% in the past 12 months, as the S&P 500 index has gained 15%. Conagra stock has dropped 7.2% in the past year.

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The American Petroleum Institute reported Tuesday that U.S. crude supplies rose 5.7 million barrels for the week ended March 2, according to sources. The API data also showed a decline of 4.5 million barrels in gasoline stockpiles, while inventories of distillates saw a climb of 1.5 million barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a climb of 2.5 million barrels for crude inventories. They also forecast declines of 500,000 barrels for gasoline and 1.6 million barrels for distillate supplies. April crude was at $62.30 a barrel in electronic trading, down from the settlement of $62.60 on the New York Mercantile Exchange.

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Bojangles’ Inc. shares rose more than 8% late Tuesday after the fast-food company beat quarterly earnings and sales forecasts. Bojangles’ said it earned $48.8 million, or $1.27 a share, in the fourth quarter, compared with $9.8 million, or 26 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $8.7 million, or 23 cents a share, compared with $10.6 million, or 28 cents a share, a year ago. Revenue rose 6.2% to $148.1 million, from $139.4 million a year ago. Comparable-restaurant sales decreased 3.1%. Analysts polled by FactSet had expected earnings of 18 cents a share on sales of $147 million. The same analysts had expected comparable-restaurant sales to fall 3.7%. Bojangles’ said it expects sales between $550 million to $560 million in 2018, and adjusted per-share earnings of 64 cents to 72 cents for the year. The analysts surveyed by FactSet expect 2018 sales of $547 million and EPS of 75 cents a share for the year. Bojangles’ shares ended the regular trading day down 6.4%.

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Autodesk Inc. shares shot up in the extended session Tuesday after the company beat Wall Street earnings and revenue expectations. Autodesk shares jumped 9.2% after hours. The company reported fourth-quarter net losses of $173.5 million, or 79 cents a share, compared with losses of $173.4 million, or 78 cents a share, in the year-ago period. Adjusted losses were 9 cents a share. Revenue rose to $553.8 million from $478.8 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 11 cents a share on revenue of $545 million. The company said it expected first-quarter adjusted earnings of 1 cent to 4 cents a share on revenue of $550 million to $560 million, under the new accounting standard ASC 606. Autodesk stock has gained 45% this year, with the S&P 500 index rising 15%.

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