U.S. News
Super Micro stock jumps 18% on guidance beat as revenue more than doubles
Super Micro pointed to progress in U.S. manufacturing in issuing a stronger-than-expected quarterly forecast.
Oil prices above $110 are starting to matter to the stock market again
The correlation between stocks and oil, which is the most inverted it’s been in 20 years, is starting to reverse.
Jerome Powell making a ‘significant mistake’ by staying on at the Fed, Sen. Tim Scott says
Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.
Microsoft Xbox CEO overhauls leadership amid sinking sales: ‘We need to evolve how we work’
Asha Sharma, the former Instacart and Meta executive who took over Xbox at Microsoft, said the unit doesn’t spend enough time with developers and players.
Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
The “Universal Electric Vehicle” platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.
Hegseth says ‘the ceasefire is not over’ after U.S., Iran exchange fire
DOD expected “some churn at the beginning” of “Project Freedom,” Defense Sec. Hegseth said, referring to an effort to move ships through the Strait of Hormuz.
Ferrari tops Wall Street’s first-quarter expectations ahead of EV debut
Ferrari NV on Tuesday beat Wall Street’s first quarter earnings expectations and reconfirmed its guidance for the year.
Pfizer tops Wall Street estimates, reaffirms outlook as newer products show growth
Pfizer is looking to newer products and acquisitions to offset a declining Covid business.
Milken-adjacent Power100 attendees aim to reclaim the DEI in finance narrative
Blueprint Capital’s Power100 weekend convenes diverse leaders in finance ahead of the Milken Institute Global Conference.
Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal
The U.S.’ bid to re-open the Strait of Hormuz, dubbed “Project Freedom,” was nicknamed “Project Deadlock” by Iran.
Maersk says ship passed through Strait of Hormuz under U.S. military protection
It comes as the U.S. Navy seeks to deliver on President Donald Trump’s “Project Freedom” initiative.
American pilots union chief says United CEO’s merger idea showed ‘bold vision’
United said last month it had ended its pursuit of a merger with American after the rival carrier declined to engage following an initial approach.
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