Elon Musk predicts that car ownership will soon become obsolete, with Tesla's future success hinging on full autonomy, as interpreted by analyst Pierre Ferragu.
HCL Technologies reported an 8% rise in fourth-quarter net profit and strong $3 billion deal wins, alongside stable margins and positive FY26 revenue guidance.
Katsunobu Kato, a member of parliament, is set to meet U.S. Treasury Secretary Scott Bessent this week in Washington, with the second round of trade talks set to follow later this month.
Metal coating and infrastructure solutions provider AZZ (NYSE:AZZ) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 4% year on year to $351.9 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $1.68 billion at the midpoint. Its non-GAAP profit of $0.98 per share was in line with analysts’ consensus estimates.
OpenAI revealed it attempted to partner with Google to improve ChatGPT's search function but was rejected, and now suggests it would buy Chrome if forced to sell in an antitrust case.
Fartcoin (FARTCOIN) has emerged as the new cryptocurrency growth story of 2025, defying macroeconomic pressures that have deflated many of the space’s major coins.
Multinational healthcare company Johnson & Johnson (NYSE:JNJ) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 2.4% year on year to $21.89 billion. The company’s full-year revenue guidance of $92 billion at the midpoint came in 1.8% above analysts’ estimates. Its non-GAAP profit of $2.77 per share was 7.3% above analysts’ consensus estimates.
Health insurance company UnitedHealth (NYSE:UNH) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 9.8% year on year to $109.6 billion. Its non-GAAP profit of $7.20 per share was 1.3% below analysts’ consensus estimates.
Used automotive vehicle retailer Carmax (NYSE:KMX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 6.7% year on year to $6 billion. Its non-GAAP profit of $0.60 per share was 8.6% below analysts’ consensus estimates.
Furniture company Lovesac (NASDAQ:LOVE) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 3.6% year on year to $241.5 million. Guidance for next quarter’s revenue was better than expected at $139 million at the midpoint, 1.4% above analysts’ estimates. Its GAAP profit of $2.13 per share was 13.6% above analysts’ consensus estimates.
Global airline Delta Air Lines (NYSE:DAL) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 2.1% year on year to $14.04 billion. Guidance for next quarter’s revenue was optimistic at $16.66 billion at the midpoint, 2.3% above analysts’ estimates. Its GAAP profit of $0.37 per share was 6.9% below analysts’ consensus estimates.
Macroeconomic expert Nouriel Roubini, commonly referred to as "Dr. Doom," has pushed back against President Donald Trump's verbal jabs at Fed Chair Jerome Powell, and his escalating attacks on the Federal Reserve's autonomy, amid demands for a preemptive rate cut.
Among the earnings to watch on Wednesday are AT&T (T), Boeing (BA), International Business Machines (IBM), Lam Research (LRCX), and Texas Instruments (TXN).
South Korean consumer sentiment edged up only slightly in April despite a significant reduction in political uncertainty. This increases the odds of a contraction in the second quarter, especially considering delays in policy support.
Villeroy, the chief of France's central bank, said Trump's trade policies dampened economic growth, including for the U.S., and threatened to undermine financial stability.
Streaming video giant Netflix (NASDAQ: NFLX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 12.5% year on year to $10.54 billion. The company expects next quarter’s revenue to be around $11.04 billion, close to analysts’ estimates. Its GAAP profit of $6.61 per share was 16.9% above analysts’ consensus estimates.
Tesla's Optimus robot production is facing significant challenges, including supply chain disruptions and China's new export restrictions on rare earth magnets, but Elon Musk remains hopeful that thousands of robots could be ready by year-end, despite the complexities involved.
