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.
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.
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.
Peter Lynch, former manager of the Fidelity Magellan Fund and one of the most respected investors of the 20th century, once confessed that his greatest investing error was selling successful stocks too early.
The final 20 minutes were something different, which goes to show the effect, or for that matter, what happens when liquidity is absent. The top of the book in the futures is non-existent, and in essence, it doesn’t take much to move the market.
The U.S. and Ukraine have signed a deal to jointly invest in Ukraine's mineral, oil, and gas sectors, marking a symbolic step toward economic recovery and long-term cooperation.
While Nomura ramps up its US presence — including recent expansions into high-grade credit and investment banking coverage — the stock has historically suffered through the summer months.
