Earnings Results Smiledirectclub Stock Rallies on Cost Cuts Workforce Realignment
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Lumen looks to lower costs through job cuts as cash concerns continue
Faced with growth and cash challenges, Lumen Technologies is looking to cut expenses by reducing its headcount.MarketWatch - Business -
Big Tech Leads Market Rally Ahead of Earnings
Investors breathed a sigh of relief as Treasurys and oil prices stabilized.The Wall Street Journal - World -
Texas Instruments’ stock is on the rise after strong results, guidance
Texas Instruments Inc.’s stock immediately jumped nearly 8% in extended trading Tuesday after the semiconductor company rang up better-than-expected quarterly results and guidance.MarketWatch - Business -
AMC stock continues rally as movie-theater chain updates credit strategy
AMC shares are up four of the past five days.MarketWatch - Business -
Goldman hasn’t given up on the stock-market rally, but is starting to get nervous
Goldman strategists say brace for more stock volatility this year, as chances of no Fed rate cuts increase.MarketWatch - Business -
Tesla’s stock remains under pressure as company cuts prices for many models
Tesla cut prices for many of its vehicles in the U.S., China and Europe over the weekend amid slumping sales.MarketWatch - Business -
2024 NBA playoffs bracket, scores, results: Knicks and Nuggets rally to take 2-0 first-round leads
The NBA playoff bracket is set with 16 teams in the running for the Larry O'Brien TrophyCBS Sports - Sports - NBA -
Tesla Stock Drops Premarket Following Car Price Cuts
The electric-vehicle maker’s stock fell more than 3.5% in premarket trading. The decline reflects an array of problems, including cooling sales and growing competition from Chinese car makers.The Wall Street Journal - World - Tesla -
S&P 500 Climbs With Tesla Earnings in the Spotlight
Stocks were making gains after a slew of household names released earnings.The Wall Street Journal - World - Tesla -
Spotify Makes Progress on Profitability Push
Spotify came up short on user growth, but swung to a profit in the first quarter, delivering a mixed earnings report as it works to achieve consistent profitability this year.The Wall Street Journal - World -
Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings
Technology stocks are broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.MarketWatch - Business -
What Apple investors should make of stock’s ‘tricky setup’ ahead of earnings
Investors don’t necessarily need to “step in front of” earnings, but BofA says they could buy any pullback ahead of the “biggest WWDC ever.”MarketWatch - Business - Apple -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Electric cars switch out of fast lane
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxisFinancial Times - World -
GM’s blowout earnings show ‘long-awaited turnaround appears to be under way’
In a letter to shareholders, Chief Executive Mary Barra said the car maker is seeing “good early sales momentum” for EVs such the Cadillac Lyriq as it benefits from “scale, material cost and mix improvements.”MarketWatch - Business -
Kimberly-Clark’s stock jumps 5.7% as company sweeps past earnings estimates
Kimberly-Clark Corp.’s stock rose 5.7% early Tuesday, after the parent to consumer brands including Huggies diapers and Scott and Kleenex tissues beat profit and sales estimates for the first quarter.MarketWatch - Business -
Visa’s stock gains after earnings, as one simple message resonates
Visa shares were moving higher in after-hours trading Tuesday, after the payments company sported an earnings beat and showed off continued growth in spending.MarketWatch - Business -
Facing revenue headwinds, Air New Zealand cuts fiscal-year earnings guidance
Air New Zealand warned on profits on Monday as it grapples with revenue headwinds in its home market and in North America.MarketWatch - Business - New Zealand -
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Tesla's stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.CNBC - Business - Tesla -
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.The Wall Street Journal - World -
Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well
Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer's analysis.CNBC - Business -
Verizon’s stock heads for first post-earnings drop since 2022 despite subscriber beat
Verizon lost fewer net postpaid phone subscribers than expected in the latest quarter, as consumer gross additions ticked up and churn improved.MarketWatch - Business -
GE Aerospace’s stock leaps toward a 16-year high after earnings beat forecasts
Shares of GE Aerospace got a boost premarket Tuesday as quarterly profit and revenue — including results before the spinoff of GE Vernova was completed — rose above expectations.MarketWatch - Business -
Tesla Will Lay Off More Than 10% of Global Workforce
Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.The New York Times - Tech - Tesla -
Earnings this week from several of the biggest technology companies offer the next opportunity for stocks to regain their footing after sharp selloffs last week.
Earnings this week from several of the biggest technology companies offer the next opportunity for stocks to regain their footing after sharp selloffs last week.The Wall Street Journal - World -
Major U.S. stock indexes increased ahead of a spate of big earnings reports, with the S&P 500, Nasdaq and Dow gaining 1.2%, 1.6% and 0.7%, respectively.
Major U.S. stock indexes increased ahead of a spate of big earnings reports, with the S&P 500, Nasdaq and Dow gaining 1.2%, 1.6% and 0.7%, respectively.The Wall Street Journal - World -
Verizon Results Boosted by Price Increases
Revenue rose slightly last quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.The Wall Street Journal - World -
Taking Account of Rising Health Care Costs
Have your out-of-network insurance bills skyrocketed? Chris Hamby, an investigative reporter for The Times, may have an explanation.The New York Times - Health -
Taking Account of Rising Health Care Costs
Have your out-of-network insurance bills skyrocketed? Chris Hamby, an investigative reporter for The Times, may have an explanation.The New York Times - Health -
Tesla shareholders braced for worst results in 7 years
Investors want to know whether electric-car maker is in the midst of a major change in directionFinancial Times - Business - Tesla -
Verizon Communications Results Lifted by Price Hikes
Verizon Communications’ revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.The Wall Street Journal - World -
Verizon Communications Results Lifted by Price Hikes
Verizon Communications’ revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.The Wall Street Journal - World -
Verizon Communications Results Lifted by Price Hikes
Verizon Communications’ revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.The Wall Street Journal - World -
Verizon Communications Results Lifted by Price Hikes
Verizon Communications’ revenue was up slightly in the first quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans.The Wall Street Journal - Business -
Legal Fees Costing Trump Millions as Criminal Trial Begins
Donald Trump’s political money operation spent more than $4 million on legal-related expenses in March, new data show.The Wall Street Journal - World - Donald Trump -
US college affordability debate should focus on net cost, not sticker prices
Total cost figures are misleading, with few students actually paying the headline amountFinancial Times - World -
Here's how Joe Biden can lower families' costs for air travel
Joint ventures between ultra-low-cost carriers thus have the potential to revolutionize air travel while also providing the Biden administration an easy win.The Hill - Politics - Joe Biden -
'We got away with it' - 'embarrassment' could 'cost Ten Hag job'
Manchester United boss Erik ten Hag admits his side "got away with it" to reach the FA Cup final after their shootout victory against Coventry.BBC News - Top stories