U.S. News
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.
Mortgage rates surge to nearly four-week high as Iran headlines impact markets
Negative headlines on the Iran war pushed bond yields higher, and mortgage rates followed.
Microsoft and Nvidia finally became cheap enough for this value investor – and he plans to buy any dips
Chris Grisanti, chief market strategist at MAI Capital Management, said he bought into the megacaps in the first quarter of the year.
Microsoft calls for $190 billion in 2026 capital spending on soaring memory prices
Microsoft’s forecast on revenue and operating margin was light, but the company sees $190 billion in 2026 capital spending, well above Wall Street’s estimate.
Hegseth defends Iran war’s mission, costs in first testimony since conflict began
Democratic lawmakers grilled Hegseth about the Iran war in a hearing about the Pentagon’s budget.
OpenAI looms over earnings from tech hyperscalers
Amazon, Alphabet, Meta and Microsoft report quarterly results after the bell, and OpenAI is likely to be a big topic across the board.
Yum Brands earnings top estimates, fueled by Taco Bell’s 8% same-store sales growth
Taco Bell’s same-store sales increased 8% in the quarter, fueling the company’s outperformance.
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