Earnings Results: Wolfspeed whiffs on sales and forecast, and its stock is falling
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U.S. Stocks Slide On Tech Weakness
U.S. stocks fell again as investors don’t expect a rate cut from the Fed anytime soon.The Wall Street Journal - World -
U.S. Stocks Drop As Inflation Lingers
U.S. stocks fell broadly as a hot inflation reading had investors pushing back the timeline for the Fed to start cutting interest rates.The Wall Street Journal - World -
Charles Schwab’s stock turns higher after earnings beat, signs of ‘green shoots’
Asset-management revenue beats expectations, but trading revenue and deposit account fees miss.MarketWatch - Business -
Morgan Stanley stock falls as feds reportedly scrutinize its wealth unit
The WSJ reported that regulators are studying whether Morgan Stanley has been adequately investigating prospective client identities and the sources of their wealth.MarketWatch - Business -
Johnson & Johnson’s stock falls as profit beats but sales fall slightly short of estimates
Johnson & Johnson’s stock was on pace for its lowest close since late 2020 on Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell slightly short of expectations.MarketWatch - Business -
AMD’s stock has been ‘in absolute freefall’ — but its earnings could spark a chip-sector rebound
The chip sector is in a correction. Can earnings results from AMD later this month help improve sentiment?MarketWatch - Business -
Zoetis’s stock falls 8% after report that its arthritis shots may have sickened pets
Company says drugs are safe and effective, but can have side effectsMarketWatch - Business -
ABB Lifts Profit Outlook Despite Sales Miss
ABB raised its profit guidance for 2024, despte reporting flat revenue for the first quarter that missed consensus expectations and weaker group orders.The Wall Street Journal - World -
Morgan Stanley Stock Falls
Shares of Morgan Stanley dropped Thursday after The Journal reported that federal regulators are probing how the bank vets clients who are at risk of laundering money through its wealth-management division.The Wall Street Journal - World -
Delta forecasts quarterly earnings ahead of expectations, focuses on efficiency as growth steadies
CEO Ed Bastian said hiring has slowed after the company added staff aggressively following the pandemic.CNBC - Business -
U.S. Stocks Drop After Bank Earnings
U.S. stocks slid to end another down week as JPMorgan and other big U.S. banks issued tame outlooks for the rest of the year.The Wall Street Journal - World -
U.S. Stocks Erase Early Gains
U.S. stocks extended recent declines as March retail sales increased more than expected, causing traders scale back bets on Fed rate cuts.The Wall Street Journal - World -
Dow Advances as Markets Stabilize
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.The Wall Street Journal - World -
UnitedHealth Stock Jumps After Earnings Beat Expectations
UnitedHealth’s first-quarter adjusted earnings topped Wall Street’s estimates, despite a cyberattack that will weigh on the healthcare and insurance company’s full-year results.The Wall Street Journal - World -
ASML earnings drag semiconductor stocks lower
ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%.CNBC - Business -
S&P and Nasdaq Extend Losing Streaks
U.S. stocks ended mixed as the Dow Industrials posted small gains, while the S&P 500 and Nasdaq declined for a fifth straight session.The Wall Street Journal - World -
United Airlines rallies on profit forecast. But it’s adapting to the ‘reality’ of Boeing’s difficulties.
Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel.MarketWatch - Business -
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.The New York Times - Business -
Stocks Fall; Gold Hits Another Record
Investors are awaiting consumer-price-index data, which will show whether a bounceback in price pressures at the start of 2024 continued in March.The Wall Street Journal - World -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
United Airlines jumps more than 13% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.CNBC - Business -
We're trimming this materials stock after it battled back from an earnings plunge
The sale will drop the stock's weighting in our portfolio to 1.93% from 2.09%.CNBC - Business -
UnitedHealth Stock Soars After Earnings Beat Expectations, Despite Cyberattack
The healthcare and insurance company expects the attack to hit its full-year earnings.The Wall Street Journal - World -
UnitedHealth Stock Soars After Earnings Beat Expectations, Despite Cyberattack
The healthcare and insurance company expects the attack to hit its full-year earnings.The Wall Street Journal - Business -
Applied Digital shares fall after power outage dings results
The company reported in February it had experienced a power outage at its Ellendale, N.D., data-center hosting site.MarketWatch - Business -
Ericsson posts increase in profits as higher margins offset falling sales
Ericsson shares jumped 5% on Tuesday after the company posted an increase in its profits, as higher margins offset its falling salesMarketWatch - Business -
China’s First Quarter Results Show Growth Propelled by Its Factories
China’s big bet on manufacturing helped to counteract its housing slowdown in the first three months of the year, but other countries are worried about a flood of Chinese goods.The New York Times - Business - China -
‘DJT’ stock tumbles as Trump and many others file for the sale of their shares
Trump Media’s stock tumbled Monday, after the social-media platform filed to issue new shares, and for current stockholders to sell off nearly 150 million shares.MarketWatch - Business - Donald Trump -
D.R. Horton’s stock rallies as limited home supply boosts profit and sales
D.R. Horton’s stock rallied Thursday, after the home builder reported quarterly earnings that rose well above expectations, as the continued lack of housing supply helped boost sales.MarketWatch - Business -
Live Nation’s stock falls on report of pending Justice Department antitrust suit
Shares of Ticketmaster parent Live Nation Entertainment fell after hours on Monday following a report that the Justice Department could soon file an antitrust suit accusing the concert-ticketing giant of stifling competition.MarketWatch - Business -
Equifax stock falls as company says it’s feeling effect of weaker mortgage demand
Shares of Equifax fell after hours on Wednesday after the credit-scoring giant reported first-quarter revenue that missed expectations and said it expected a continued drop in mortgage inquiries this year, as the housing market stalls out under ...MarketWatch - Business -
Germany Rebuffs Claim Its Arms Sales to Israel Abet Genocide in Gaza
Germany argued against the accusation brought by Nicaragua at the International Court of Justice, but Germans are questioning their country’s unwavering support for Israel.The New York Times - World - Israel -
Germany faces domestic lawsuit over its arms sales to Israel
German human rights groups bring court action amid rising dismay in country at deaths in Gaza. Middle East crisis – live updatesGermany will face a fresh call to revoke all arms sales to Israel on Thursday in a lawsuit that puts more pressure on ...The Guardian - World - Israel -
Los Angeles Has Notched Its Biggest Home Sale of the Year
A roughly 23,000-square-foot Hollywood Hills spec house has sold for $62.8 millionThe Wall Street Journal - World -
Hotter inflation means the stock-market rally faces a critical test as earnings season begins
Investors are abandoning bets that the Federal Reserve will cut interest rates three times in 2024, removing a critical safety net for stocks.MarketWatch - Business -
2 stocks to consider buying on weakness, and what to expect from Morgan Stanley earnings next week
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings
JPMorgan’s stock gives back some of its gains for the year as first-quarter results trigger selling.MarketWatch - Business -
Goldman Sachs’s stock jumps 3% after first-quarter earnings crush estimates
Goldman Sachs saw a rebound in investment banking as deal flow improved.MarketWatch - Business