Carl Icahn calls Illumina Q1 results ‘very disappointing,’ slams cost-cutting plan
Activist investor Carl Icahn accused Illumina CEO Francis deSouza of trying to downplay the company’s “decidedly mediocre” Q1 2023 results this week.
House votes to restore solar panel tariffs, Biden vows to veto bill if it passes Senate
The president’s tariff moratorium was imposed as a bridge to boost U.S. solar manufacturing capacity while accelerating clean energy development.
Consumer-focused stocks outperform this week as earnings season rolls on
Here are of the stocks that saw the largest gains this week, and where analysts see them going forward.
Tech giants are pouring money into A.I. as they cut costs elsewhere
In their calls with analysts this week, Alphabet, Microsoft, Amazon and Meta emphasized their hefty investments in large language models.
Fed report on SVB collapse faults bank’s managers — and central bank regulators
The Fed blamed failures on mismanagement and supervisory missteps, compounded by a dose of social media frenzy.
This Chinese social media platform is a buy that can surge 60%, UBS says
The stock is due for a rebound given China reopening, improving year-over-year comparisons and better cost discipline.
United Airlines’ plan to revamp narrow-body cabins faces supply chain delays
The upgrades include bigger premium cabins, seat-back screens, Bluetooth capabilities and other amenities.
Chinese hackers outnumber FBI cyber staff 50 to 1, bureau director says
Wray said the country has “stolen more of our personal and corporate data than all other nations—big or small—combined.”
Key inflation gauge for the Fed rose 0.3% in March as expected
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.
Benchmark upgrades Intel, says investors should get constructive on chip stock after earnings
Intel beat on the top and bottom lines in its first quarter, and also posted its largest-ever quarterly loss.
