U.S. senators ban themselves from prediction markets trading
The move came after Democratic lawmakers asked the Commodity Futures Trading Commission to prohibit event contracts on elections, war and military actions.
Google cloud growth tops Microsoft and Amazon as all three beat estimates on AI demand
Amazon, Google and Microsoft all reported better-than-expected first-quarter cloud results, signaling an acceleration of AI demand
Google wraps up best month since 2004 as earnings push Alphabet stock up 34% in April
Both Alphabet and Meta said they expect their capital expenditures to keep growing this year, but investors sent Alphabet’s shares up, while Meta’s stock slid.
Merck beats quarterly estimates on strength of Keytruda and new products, narrows outlook
Merck narrowed its 2026 sales guidance and hiked its adjusted profit outlook.
Shares of Jeep maker Stellantis fall as much as 10% after first-quarter results
The multinational conglomerate posted first-quarter adjusted operating income of 960 million euros ($1.12 billion), comfortably beating analyst expectations.
Amazon’s cloud unit reports 28% sales growth, topping estimates
Amazon Web Services now accounts for over 20% of its parent company’s total revenue.
Meta’s Reality Labs lost over $4 billion in first quarter
In Meta’s first-quarter earnings report, the company said Reality Labs recorded an operating loss of over $4 billion while bringing in $402 million in sales.
Trump says it’s ‘great’ that UAE pulled out of OPEC
The UAE has faced repeated missile and drone attacks by Iran, a fellow OPEC member, as it responds to the U.S.-Israeli war.
Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’
Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March.
