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March homes sales dropped despite a surge in supply. Here's why.
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Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
Why Super Micro’s stock is falling despite an upbeat growth outlook
One analyst’s price target implies 60% further downside, in part due to margin concerns, as AI competition heats up.MarketWatch - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
UK house prices fall unexpectedly for second month in a row
Nationwide data reflects impact of recent rise in mortgage ratesFinancial Times - Business - United Kingdom -
Aston Martin losses jump 90% as SUV sales drop
British carmaker reports £138.8mn pre-tax loss as it wrestles with debtFinancial Times - Business -
Boca Raton's Most Expensive Home Sale Is a $40 Million Teardown
A luxury home builder purchased the waterfront lot with plans to knock down the 1990s house and rebuildThe Wall Street Journal - World -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business
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Here's everything to expect from the Fed meeting that will move markets on Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.CNBC - Business - Federal Reserve -
Super Micro plummets 15% after posting revenue miss
Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.CNBC - Business -
Viking shares rise more than 10% after cruise line operator's market debut
The company's initial public offering coincides with a strong rebound in cruise bookings.CNBC - Business -
Bitcoin sinks to $57,000 to start May as investors brace for Fed rate decision
Bitcoin intensified its recent slide on Wednesday, falling to its lowest level in over two months.CNBC - Business - Federal Reserve -
Amazon-backed Anthropic launches iPhone app and business tier to compete with OpenAI's ChatGPT
Anthropic on Wednesday announced its first-ever enterprise offering, as well as its first iOS app.CNBC - Business