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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.
Read Full Article →GM lowers 2025 guidance, citing up to $5 billion in tariff exposure
General Motors has adjusted its 2025 earnings forecast downward, anticipating a potential financial impact ranging from $4 billion to $5 billion due to tariffs imposed on the autom...
Read Full Article →Eli Lilly sales soar 45% on weight loss drug demand, but drugmaker cuts profit outlook after cancer...
Eli Lilly experienced a significant increase in sales attributed to strong demand for its weight loss and diabetes medications, yet adjusted its profit forecast following a recent...
Read Full Article →Billionaire Lukas Walton names new CIO for his family office
Lukas Walton has appointed Noelle Laing as the new Chief Investment Officer of his family office, which oversees a significant $1.7 billion endowment dedicated to philanthropic eff...
Read Full Article →Trump rewrites crypto rules in first 100 days, industry celebrates '180 pivot' from Biden years
During his initial 100 days in office, President Trump's policy changes have significantly influenced cryptocurrency regulations, leading to positive reactions from the industry an...
Read Full Article →Tesla denies report that the EV maker is looking to replace Elon Musk
Tesla's leadership has publicly refuted claims regarding a potential leadership change, which could influence investor confidence and the company's stock performance amid ongoing s...
Read Full Article →CVS to boost access to Novo Nordisk's weight loss treatment Wegovy for patients on its drug plans
Starting July 1, Caremark will prioritize Wegovy on its formulary, improving accessibility for patients on its drug plans and potentially increasing the treatment's market presence...
Read Full Article →Auto giants ditch financial guidance as industry reels from Trump tariff chaos
Major automotive companies have suspended their financial forecasts due to uncertainty stemming from the recent imposition of a significant tariff on car imports into the United St...
Read Full Article →Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
The central bank's decision to maintain interest rates reflects a cautious approach, acknowledging potential economic challenges posed by external factors such as tariffs on export...
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