Investors Assess Rate Rise Outlook
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Cloudflare’s stock is sinking after revenue outlook disappoints investors
Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.MarketWatch - Business -
Gold Lower as Investors Digest Powell Comments
Gold settled little changed, as traders continue to mull Fed chairman Powell’s rejection of any possibility of new rate hikes while indicating that cuts were not imminent.The Wall Street Journal - World -
Gold is Flat as Investors Digest Fed Meeting
Gold was flat in early Asian trade. The realization that interest rates are likely to remain higher for longer was weighing on sentiment, ANZ Research said.The Wall Street Journal - World - Federal Reserve -
Former Trump White House lawyer assesses gag order in "hush money" trial
After holding former President Donald Trump in contempt on Tuesday, the judge overseeing his New York criminal trial held another hearing Thursday to consider doing so again. Ty Cobb, former special counsel to the president during the Trump ...CBS News - Top stories - Donald Trump -
FirstFT: Apple sales beat expectations despite China decline
Also in today’s newsletter, a Hong Kong insider trading case, and US law firm Mayer Brown to hive off China operationsFinancial Times - World - China -
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Why investor appetite for commodity funds picked up despite ETF flows broadly seeing ‘pretty big drop’ in April
ETF investors shifted their “buying-behavior rhythm” in April, according to the head of SPDR Americas research at State Street Global Advisors.MarketWatch - Business -
South Korea's Kospi Rises 0.5% Internet, Chip Stocks Advance
South Korea’s benchmark Kospi rose 0.5% in early trade as internet and semiconductor stocks advance.The Wall Street Journal - World - South Korea -
Block’s stock shoots higher as Square parent boosts its earnings outlook
Also contributing was momentum across the company’s two main business areas, the Cash App mobile wallet and the Square merchant business.MarketWatch - Business -
Interest rates could be high for much longer. Here's what it means for you
The Fed held interest rates steady at a meeting this week.ABC News - Top stories -
Expedia cuts outlook, as efforts to get Vrbo back on track go slower than expected
Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.MarketWatch - Business -
Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook
Coterra Energy's production paid off in the first quarter, helping the oil-and-gas producer surpass Wall Street expectations.CNBC - Business -
2-year Treasury yield ends at lowest in nearly a month after Powell suggests rate hike is unlikely
Rates on U.S. government debt finished mostly lower on Thursday, a day after Federal Reserve Chair Jerome Powell guided financial markets away from the likelihood of any interest-rate hike.MarketWatch - Business -
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Oil holds steady as traders weigh rise in U.S. supplies, Middle East cease-fire talks
Oil futures end on a mixed note Thursday, but remained on track to post notable losses for the week.MarketWatch - Business -
Apple’s revenue falls less than feared despite rocky start to the year
Tech giant’s shares rise as executives project optimism about the coming months and announce $110bn stock buybackFinancial Times - Business