- Amgen discontinues weight loss pill, shifts focus to MariTide for obesity treatment
- Apple's Q2 revenue at $90.8B, down 4%, beats expectations, special event planned for iPad upgrades
- Coinbase Global set to announce Q1 earnings, shares surged amid Bitcoin frenzy
- Boeing stock down 30% YTD, $10B debt sale boosts shares 3.2%
- Sen. Ed Markey's Warehouse Worker Protection Act targets productivity quotas at companies like Amazon
- Apollo & Sony eye $26B Paramount takeover, shares surge 12%
- Trump Media & Technology Group stock up 8.7% to $49.04, Congress probes short sellers
- TJX stock up 2%, UBS upgrades to Buy with $132 target
- Meta Platforms stock surged 88% in 12 months, concerns about heavy AI spending
- Linde's Q1 results mixed, strong growth record across industries
- Zillow cautious outlook on tough housing market & rising mortgage rates led to 6% stock drop.
- Best Buy faces inclusivity concerns, reputation at stake
- Etsy stock plunges after missing Q1 sales, trades at 25.6x forward earnings
- Tesla coverage initiated with Buy rating, price target $230, FSD price lowered to $99/month
- Peloton CEO steps down, stock drops 3.4%, full-year revenue guidance revised to $2.69B
- ESG investors back activist for change at Norfolk Southern, annual meeting vote on May 9
- Qorvo's earnings outlook disappoints, stock drops 11% due to Apple reliance
- Novo Nordisk sales soar in Q1 2024, raises full-year guidance
- Zoetis beats revenue expectations, stock down 20% in 2024
- Howmet Aerospace raises full-year EPS guidance, sales expected at $7.3B
- MGM Resorts International's Q1 2024 revenue & earnings soared, beating expectations, with adjusted earnings at 74 cents and net revenue hitting $4.4B, up 13%.
- Microsoft expands AI presence in Southeast Asia, boosting tech stocks. Nvidia shares rise post Qualcomm earnings. Alphabet faces DOJ antitrust probe.
- Wayfair beats Q1 revenue expectations at $2.73B, stock up 8.9% to $53, with active customers up 2.8%.
- EACOP faces challenges with $10bn project for longest heated oil pipeline in East Africa, awaiting China's funding decision.
- Fed Chair Powell downplays rate hike chances, Dollar Index up 4.5% in '24 despite strong labor market.
- Legal case between Google & DOJ for antitrust violations ongoing, focusing on search dominance & Apple ties.
- Moderna beats Q1 loss estimates on cost cuts, full-year 2024 sales outlook at $4B with RSV vaccine launch.
- Nvidia
- Albemarle's Q1 EPS beats estimates at 26 cents on $1.4B sales. Shares rise 2.1% premarket amid Benchmark lithium price drop.
- UMG & TikTok strike a licensing deal focusing on fair compensation & artist promotion. Agreement reinstates music by artists like Taylor Swift.
- Apple's Q2 earnings to be released with expected $90.5B revenue. iPhone revenue down 9.8%, Services up 10.6%. Focus on AI strategy & China.
- Tesla stock surges post-China visit & earnings announcement. Lower-priced vehicles & self-driving cars are key. Stock up 24% from pre-earnings levels.
- Shell beats Q1 earnings expectations, launches $3.5B buyback. CEO hints at potential U.S. listing. Strong $7.7B adjusted earnings & $1.20 EPS.
- Stock futures rise as Fed holds rates steady. Qualcomm beats estimates, up 4.1%. Fastly plunges 33% on weak outlook. Novo Nordisk ups guidance.
- Berkshire Hathaway's annual meeting soon, discussing CEO succession, Apple investment, & more. Concerns over wildfire liability & Geico market share.
- Nio's April vehicle deliveries see 134.6% YoY increase to 15,620, lifting stock by 20%. Li Auto delivers 25,787 vehicles YTD.
