Trump calls for immediate halt on Iranian oil and petrochemical purchases, threatening secondary sanctions. Energy markets react with WTI crude prices rising 1%, reflecting sensitivity to supply disruptions. China remains largest buyer of Iranian crude, drawing ire from US.
Shares of chicken producer Pilgrim’s Pride (NASDAQ:PPC)
fell 14.8% in the afternoon session after the company reported weak first quarter 2025 results which included an EBITDA miss and gross margin falling short of Wall Street's estimates. Sales and earnings also missed analysts' estimates. Overall, this was a weaker quarter.
Shares of social network operator Meta Platforms (NASDAQ:META)
jumped 7.2% in the pre-market session after the company reported strong first quarter 2025 results which exceeded analysts' expectations across revenue, EPS, and EBITDA. Revenue grew 16% year over year, driven by a 10% rise in average ad prices and a 5% increase in impressions across Meta's Family of Apps.
Grayscale unveils new ETF, BCOR, that tracks publicly traded companies with Bitcoin as part of their treasuries. Aimed at investors looking to benefit from corporate adoption of Bitcoin.
Etsy Inc. (NASDAQ: ETSY) shares are trading lower Thursday following Guggenheim's updated research note, which lowered the 12-month price target to $50 from $70, despite Etsy posting a modest beat on its first-quarter 2025 results.
