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Apple has managed tariffs so far, but Cook lacks long-term answers
Apple's CEO Tim Cook acknowledged that most of the company’s products are presently unaffected by tariffs, but he provided limited insight into long-term strategies as potential ch...
Read Full Article →Venmo gaining ground in payments as Cash App struggles
Recent earnings reports indicate that Venmo is experiencing growth in the peer-to-peer payment market, while Cash App's performance is declining, highlighting a shift in consumer p...
Read Full Article →Hasbro CEO details tariff impact: 'We're making rapid changes'
Hasbro's CEO discussed the company's strategies for adapting to tariff impacts by diversifying its supply chain to maintain financial stability and competitiveness in the toy marke...
Read Full Article →Nvidia CEO Jensen Huang gets first salary raise in a decade
Nvidia's CEO Jensen Huang received a 49% increase in his salary, marking his first raise in ten years and reflecting the company's financial performance and growth trajectory.
Read Full Article →Amazon falls short on cloud revenue for third straight quarter
Amazon's ongoing investment in infrastructure to support artificial intelligence models may be crucial for future growth, despite the company's failure to meet cloud revenue expect...
Read Full Article →Block shares plunge 18% as company takes 'cautious stance,' issues weak guidance for year
Block's shares fell by 18% following the company's cautious outlook and disappointing first-quarter revenue, impacting investor confidence and raising concerns about its financial...
Read Full Article →Reddit reports strong sales and issues optimistic guidance
Following a strong revenue report and more favorable projections, Reddit's shares experienced an increase in after-hours trading, indicating positive investor sentiment and confide...
Read Full Article →Amazon CEO Jassy says he's 'optimistic' company could emerge from tariff uncertainty stronger
Amazon CEO Andy Jassy expressed optimism that the company could potentially strengthen its position in the market despite the current uncertainties surrounding tariffs affecting it...
Read Full Article →Airbnb issues disappointing revenue guidance for second quarter
Airbnb's first-quarter results met expectations, but the company's lower-than-anticipated revenue forecast for the upcoming second quarter raises concerns about its financial perfo...
Read Full Article →Trump says any country that buys oil from Iran will not be allowed to do any business with U.S.
The Trump administration’s stance on Iranian oil sales reflects a strategy to limit Iran's economic interactions, potentially influencing global oil markets and international busin...
Read Full Article →Amazon’s ad business grew 19% in first quarter, topping estimates
In the first quarter, Amazon's online advertising revenue rose by 19%, surpassing projections and highlighting its growing significance within the digital advertising sector.
Read Full Article →Jobs report Friday to provide important clues on where the economy is heading
The upcoming jobs report is expected to significantly influence market perceptions of economic health, particularly given recent disappointing economic indicators and ongoing conce...
Read Full Article →McDonald's lackluster quarter paints a murky picture for 2 portfolio stocks
The disappointing quarterly results from McDonald's raise concerns about future performance, potentially impacting investor sentiment and valuations for two related stocks within t...
Read Full Article →CoreWeave surges after top customer Microsoft reaffirms spending plans
CoreWeave's stock price increased following assurances from major clients Meta and Microsoft, who plan to maintain their spending levels despite potential economic challenges posed...
Read Full Article →Apple reports second-quarter earnings after the bell
Apple's upcoming second-quarter earnings report will be closely watched, especially amid concerns regarding the impact of global tariffs announced by the Trump administration on it...
Read Full Article →Data center boom in world's largest market is not slowing down, Dominion Energy says
Dominion Energy's CFO reported that the company's data center capacity, totaling 40 gigawatts, is progressing through various contracting stages, indicating sustained growth in thi...
Read Full Article →Automakers report significant April sales increases amid tariff fear-buying, but the good times may...
Automakers experienced notable sales growth in April due to consumers purchasing vehicles in anticipation of potential tariffs, although this surge is expected to diminish as the m...
Read Full Article →Meta Platforms jumps 5% on earnings beat, advertising resilience
Meta Platforms experienced a 5% increase in its stock value following stronger-than-expected earnings, while investors remain cautious about the potential impact of global trade un...
Read Full Article →Microsoft pops 9% after earnings beat, on pace for best day in 5 years
Microsoft's stock surged nearly 9% following better-than-expected earnings and optimistic future projections, marking its strongest performance in five years, driven by significant...
Read Full Article →L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays
L3Harris Technologies has secured a contract to upgrade a former Qatari Boeing 747, which could serve as a new Air Force One, highlighting significant potential revenue and defense...
Read Full Article →Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
Mercedes-Benz announced plans to expand its Alabama plant with the addition of a new vehicle, reflecting the challenges and opportunities posed by the current auto tariffs implemen...
Read Full Article →Microsoft raises prices of Xbox video game consoles due to 'market conditions'
Microsoft's decision to increase Xbox console prices reflects rising development costs and market conditions, coinciding with new tariffs on imports, which may impact overall sales...
Read Full Article →Spin purgatory: How DuPont and Honeywell shares have battled ahead of their splits
The historical trend indicates that companies planning to spin off divisions frequently experience stock price difficulties, raising concerns for investors regarding the financial...
Read Full Article →Anthropic's Claude can now generate invoices on PayPal and analyze sales on Square
Anthropic's Claude AI has introduced integrations with PayPal and Square, enabling users to generate invoices and analyze sales, thereby enhancing financial management capabilities...
Read Full Article →Amazon reports first-quarter earnings after the bell
Amazon’s upcoming first-quarter earnings report comes amid significant economic changes, as the company's financial performance may be affected by recent tariffs announced by the a...
Read Full Article →U.S. Chamber of Commerce asks Trump for tariff exclusions to 'stave off a recession'
The U.S. Chamber of Commerce has requested tariff exclusions from President Trump, highlighting concerns from analysts that the current tariffs may negatively impact businesses and...
Read Full Article →Gold ETF investors may be surprised by their tax bill on profits
Investors in gold ETFs should be aware that profits may incur a higher capital gains tax rate of 28%, as the IRS classifies gold and related funds as collectibles.
Read Full Article →Eli Lilly CEO says company can help 'respond' to national security concerns around essential drugs a...
The CEO of Eli Lilly indicated that the company is willing to assist in addressing national security issues related to the manufacturing of essential drugs as tariffs become a conc...
Read Full Article →McDonald’s reports largest U.S. same-store sales decline since 2020
McDonald’s experienced its largest decline in same-store sales in the U.S. since 2020, surpassing earnings per share expectations but not meeting revenue targets for the first quar...
Read Full Article →CVS tops estimates, hikes guidance as insurance business shows some improvement
CVS has raised its full-year earnings forecast to between $6 and $6.20 per share due to positive developments in its insurance sector, surpassing previous expectations.
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