Trade News

Snap shares soar 25% as company beats on earnings, shows strong revenue growth - CNBC

Ashley Capoot

Snap reported first-quarter results that beat analysts' estimates

Alphabet stock surges on earnings beat, dividend announcement - Yahoo Finance

Hamza Shaban

Alphabet reported Q1 earnings on Thursday.

Microsoft's Surface and Xbox hardware revenues take a big hit in Q3 - The Verge

Tom Warren

Microsoft’s cloud revenues make up for a big hit in revenue for devices and Xbox hardware. Cloud and Office are once again the stars for Microsoft earnings.

Oracle's Jump to Nashville Surprises Austin - WSJ - The Wall Street Journal

Intel Gives Weak Forecast in Sign That Turnaround Is Slow Going - Bloomberg

Paramount and Skydance inch closer to a merger as key hurdle looms - CNBC

Alex Sherman

Paramount Global and Skydance are getting closer to final terms on a merger agreement, but a renewal with Charter remains an obstacle.

SEC sued over Ethereum, crypto firm asks court to state token is not a security - Fortune

Jeff John Roberts

The lawsuit was filed by MetaMask maker Consensys, which is seeking an injunction to block the SEC from investigating Ethereum.

Tesla Reveals Robotaxi App and Names the Robotaxi the CyberCab - Not a Tesla App

Cláudio Afonso

Tesla prepares to unveil its ride-hailing product Robotaxi or, as Musk called it, Tesla CyberCab.

Amazon to build $11 billion data center near New Carlisle - WSBT-TV

WSBT 22

It's official. Amazon is coming to St. Joseph County.Indiana Governor Eric Holcomb has just confirmed the E-Commerce Giant plans to build a data center campus

Chipotle reverses protein policy, says workers can choose chicken once again - Yahoo Finance

DEE-ANN DURBIN

Chipotle says its employees can choose chicken once again. Last week, the chain asked its U.S. and Canadian employees to temporarily select another protein ...

The Dream of Fed Rate Cuts Is Slipping Away - The Wall Street Journal

Dow falls by 450 points after GDP report - CNN

Nicole Goodkind

US stocks were lower Thursday afternoon after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected.

Jamie Dimon is skeptical about the odds of a 'soft landing' - Fox Business

Megan Henney

JPMorgan Chase CEO Jamie Dimon on Thursday warned that the odds of a soft landing within the U.S. economy are shrinking amid signs of still-high inflation.

Ford sees commercial revenue jump 36%, EV sales fall 84% YoY - Yahoo Finance

Rubrik pops 20% in NYSE debut after pricing IPO above range - CNBC

Jordan Novet, Rohan Goswami

Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well - Yahoo Finance

DAVID KOENIG

Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. ...

Wall St loses over 1% amid fading rate-cut hopes - Reuters.com

Mortgage rates continue upward climb to 7.17% - Fox Business

Breck Dumas

Mortgage rates rose again this week, with the average 30-year fixed-rate note climbing further past 7% in another blow to the struggling housing market.

Bristol Myers outlines 'about 12' pipeline cuts as it executes major cutbacks - Endpoints News

As part of its sweeping $1.5 billion cost-cutting measure, Bristol Myers Squibb is culling “about 12” programs from its pipeline, CMO Samit Hirawat said Thursday morning. The programs will either be discontinued or externalized as Bristol Myers slashes costs …

FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement - ABC News

WYATTE GRANTHAM-PHILIPS AP business writer

The Federal Trade Commission is sending more than $5.6 million in refunds to consumers as part of a settlement with Amazon-owned Ring, which was charged with failing to protect private video footage from outside access