The U.S. continues to struggle to fill open employment roles at manufacturing firms. There are nearly half a million open manufacturing jobs at the moment, according to the Bureau of Labor Statistics.
Hong Kong’s stock market plunged 4.3% in April after consecutive months’ rally while US President Donald Trump unveiled reciprocal tariffs for hundreds of global countries.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 9.8% in the afternoon session after the company slashed its quarterly dividend to $0.25 from $0.80 in the previous quarter. Management acknowledged that the prior dividend level was unsustainable given current profitability. While painful for investors, the cut was intended to preserve cash and maintain financial flexibility in response to growing macroeconomic uncertainty and the risk of rising costs from potential tariffs.
Shares of general merchandise retailer Target (NYSE:TGT) fell 5% in the morning session after the company reported weak first-quarter 2025 results with sales and earnings falling below Wall Street expectations.
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 5.2% in the afternoon session after the company rolled out new AI tools at its annual I/O show, which was well received by Wall Street as it laid out a detailed plan to maintain its dominance in the web search market.
Shares of cybersecurity provider Palo Alto Networks (NASDAQ:PANW) fell 5.3% in the afternoon session after the company reported underwhelming first quarter 2025 results, with remaining performance obligations (RPO - leading revenue indicator) falling below expectations.
Shares of lifestyle clothing conglomerate VF Corp (NYSE:VFC) fell 12% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q4) results: Its EPS missed and its revenue guidance for next quarter fell short of Wall Street's estimates.
A high-profile whale on Hyperliquid has made headlines for massive unrealized gains across Solana (CRYPTO: SOL) and Fartcoin (CRYPTO: FARTCOIN), despite a steep loss on an XRP (CRYPTO:
Britain's FTSE 100 index edged higher on Wednesday, recovering from early losses driven by mixed corporate earnings and hotter-than-expected inflation data.
