April saw fewer U.S. jobs added than expected at 175,000, with unemployment slightly up at 3.9%. Wage growth also slowed, impacting Fed rate cut timings.
Dow futures surged, buoyed by Apple's earnings surprise and a massive stock buyback. All eyes are now on the upcoming jobs report, set to shape Fed rate moves.
Thursday, May 2: Jerome Powell's reassurances foster market optimism, spurring gains in stocks and a rebound in oil prices amid a stable economic outlook.
Today, a range of leading corporations across various sectors unveiled their latest quarterly earnings, offering fresh insights into their financial health and potential market directions.
Tesla (NASDAQ: TSLA) CEO Elon Musk fires senior execs and plans sweeping layoffs, aiming to tighten operations amidst a sales dip and ongoing price wars.
Google's parent Alphabet (NASDAQ: GOOGL) not only exceeded Wall Street's earnings estimates but also declared its first-ever dividend, signaling a new shareholder-friendly era.
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.
