U.S. News
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.
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.
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