Microsoft (NASDAQ: MSFT) surpasses Q3 expectations with a 26% revenue increase in its cloud sector, highlighting a robust growth trajectory, despite broader market uncertainties.
Southwest Airlines cuts its forecast for Boeing aircraft deliveries in 2024, planning for 20 jets instead of 46. The reduction, a response to manufacturing delays and regulatory scrutiny at Boeing, prompts cost-cutting measures including reduced hiring and voluntary time off programs.
Despite a decline in profits, Tesla's stock rallied 10% in after-hours trading as CEO Elon Musk discussed upcoming innovations, including a robotaxi rollout and more affordable EV models, overshadowing the earnings miss.
Despite recent rebounds, JPMorgan cautions that the stock market may face additional declines, driven by enduring inflation, high equity valuations, and shifting expectations regarding Federal Reserve rate cuts.
Verizon (NYSE: VZ) outperforms with fewer Q1 subscriber losses and engaging new flexible plans and streaming deals. Read more about their financial highlights.
TikTok's parent company, ByteDance, faces impending legislation that could force it to divest its stake in the popular social media platform or face a ban in the U.S.
Famed investor Stan Druckenmiller is recalibrating his investment strategy by reducing his stake in Nvidia and increasing investments in other AI-driven companies like Microsoft and Arista Networks.
Tesla faces potential legal challenges as it seeks shareholder re-approval for CEO Elon Musk’s multi-billion-dollar compensation package, previously voided by a Delaware judge due to procedural concerns.
Federal Reserve Chairman Jerome Powell's recent comments suggest that high inflation may delay any anticipated cuts in interest rates, complicating the housing market further for prospective homebuyers as mortgage rates climb above 7%.
Apple Inc. has removed several major social media applications, including WhatsApp and Threads by Meta Platforms Inc., from its Chinese app store in compliance with directives from the Chinese government, citing national security concerns.
Global markets are showing signs of stabilization with stocks advancing and the dollar weakening, amidst a busy earnings season and ongoing economic data releases that continue to shape investor sentiment.
Google has terminated 28 employees who participated in protests against its $1.2 billion contract with the Israeli government, highlighting tensions between worker activism and corporate policy.
ASML, the leading supplier of semiconductor equipment, reported lower-than-expected first-quarter bookings, though it maintained robust sales in China despite stringent U.S. restrictions. The company's overall outlook remains optimistic, driven by anticipated demand growth in AI and memory chips.
Federal Reserve Chair Jerome Powell indicates that reducing inflation to the Fed's 2% target may take longer than anticipated, suggesting that interest rate cuts could also be delayed.
Johnson & Johnson reported a first-quarter profit that exceeded Wall Street expectations, driven by robust sales of its cancer treatments, particularly its leading blood cancer drug, Darzalex. The company also updated its profit forecasts 2024, reflecting confidence in its portfolio's growth.
Amid ongoing inflation concerns, investors are recalibrating their expectations for Federal Reserve rate cuts, with new predictions pointing to a potential first cut in September.
Tesla Inc. plans to cut over 10% of its workforce following a disappointing Q1 delivery report and amid broader industry challenges. Analysts see the move as a necessary adjustment to the company's cost structure in response to softening global demand for electric vehicles.
As Temu's monthly active users in the EU surpass 45 million, the e-commerce platform is poised to face stringent online content regulations under the EU's Digital Services Act, aligning it with major tech entities like Google and Meta.
Global markets face heightened uncertainty as they await Israel's response to Iranian strikes, amidst fluctuating oil prices and looming Federal Reserve insights. European shares are expected to follow Asia's downtrend, influenced by rising geopolitical risks and the latest U.S. inflation data.
Ruffer LLP reallocates two-thirds of its assets, totaling £22 billion, into cash due to concerns over impending US liquidity contraction and potential market downturn. Leveraging cash reserves, the firm invests in financial instruments to hedge against anticipated Wall Street crashes
Zhang Dihua, the wife of Dawning Information Industry Co.'s chairman, Li Guojie, conducted secret trades worth $21 million during the company’s stock rally, profiting significantly without her husband's knowledge.
Trump Media's stock plummeted by 10%, pushing the company's valuation below $5 billion for the first time since its debut. This dramatic decline has also impacted Donald Trump's wealth.
Asian stock markets exhibited a mixed response following a sharp rise in US inflation, impacting global financial dynamics. While some indices like Shanghai showed resilience, others, including Tokyo and Hong Kong, faced declines, reflecting varied regional reactions to the US economic outlook.
In March, inflation delivered a sharper bite to American households, driven by escalating gas prices and housing costs. This resurgence could signal the Federal Reserve's continued stance on high-interest rates, adding layers of complexity to the economic landscape.
Today's insight into this week's crucial economic events: US CPI data, China's credit outlook downgrade, Delta's earnings, and more affecting the markets.
