Apple’s stock gains as company execs cite iPhone, Mac demand in boosting guidance
On its quarterly earnings call, Apple said revenue growth in the current quarter would be between 14% and 17%, well above analysts’ estimates.
UK exports to U.S. plunge by 25% after Trump’s ‘liberation day’ tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
Atlassian stock soars 29% after earnings show strong cloud, data center growth
Atlassian’s stock has been hit hard in the “SaaS-pocalypse” sweeping software names as AI threatens to disrupt their business models.
Fed dissenters explain ‘no’ votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn’t think it was appropriate to signal that the next interest rate move would be lower.
Engine trouble ahead? How the Strait of Hormuz standoff threatens luxury auto giants
Supercar engines rely on base oils because they can withstand extreme heat, high revs and intense pressure.
Veeva Systems to join S&P 500 index, replacing Coterra Energy
Veeva’s stock has been hit this year along with the rest of cloud software as investors fear the impact of AI.
Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant
The DOE loan was previously set to support two phases of production for a total of 400,000 units annually.
Reddit reports 69% jump in revenue, topping analyst estimates
Reddit reported first-quarter earnings and revenue that exceeded Wall Street expectations.
Inside the Fed: Powell vows he won’t be a ‘shadow chair,’ but a Warsh clash will be tough to avoid
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
Trump taps Nicole Saphier for surgeon general after pulling Casey Means nomination
Means’ nomination had stalled in the Senate over concerns about her controversial stances on vaccines, birth control, pesticides and psychedelics.
