Several analysts have forecast that benchmark crude will remain below $65 per barrel in 2025, a price level at which oil producers are unable to raise production.
White House trade adviser Peter Navarro downplayed the first-quarter GDP contraction, calling it the “best negative print” he’s seen and attributing the dip to a surge in pre-tariff imports rather than underlying economic weakness.
If you decided at the end of March to curl up in bed and sleep for the entire month, you would have been spared a lot of unnecessary trauma. I present to you the change in the SPY for the entire month of April.
Robinhood Markets Inc. (NASDAQ:HOOD) reported a marked decline in its cryptocurrency revenue in the first quarter as compressed prices hampered trading activity.
President Donald Trump deflects blame for the U.S. economy's 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise.
Meta raised its capex estimate for the year to $64 billion-$72 billion from $60 billion-$65 billion, citing increased data center investments and higher infrastructure hardware costs.
Tesla's board reportedly began searching for a successor to Elon Musk last month due to financial setbacks, with Musk agreeing to devote more time to the company.
GeneDx shares plunged 43% despite strong Q1 results and raised guidance, drawing a surge in retail investor interest. The drop followed the company's first sequential test volume decline, which it linked to weather disruptions.
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand.
Freight transportation intermediary C.H. Robinson (NASDAQ:CHRW) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 8.3% year on year to $4.05 billion. Its non-GAAP profit of $1.17 per share was 11.3% above analysts’ consensus estimates.
Restaurant company Cheesecake Factory (NASDAQ:CAKE) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4% year on year to $927.2 million. Its non-GAAP profit of $0.93 per share was 13.9% above analysts’ consensus estimates.
Agricultural and farm machinery company Titan (NSYE:TWI) announced better-than-expected revenue in Q1 CY2025, with sales up 1.8% year on year to $490.7 million. On the other hand, next quarter’s revenue guidance of $475 million was less impressive, coming in 2.1% below analysts’ estimates. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies.
Epic Games CEO Tim Sweeney offered to bring Fortnite back to the App Store and end litigation if Apple agrees to global changes in its payment practices.
