Microsoft Revenue Up 2 Percent But Profit Drops 12 Percent
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Coinbase reports first-quarter revenue beat after bitcoin rally leads to surge in profit
Coinbase's quarterly results follow a big jump in the price of bitcoin from a year earlier, though the rally has stalled of late.CNBC - Business - Crypto -
Average game time drops 1 minute to 2:36 in second season of MLB pitch clock
The average time of a nine-inning game is 2 hours, 36 minutes through the first full month of the major league season, down 1 minute from 2023 in the second year of the pitch clockABC News - Sports - MLB -
Carlos Rodon roughed up in Yankees' 7-2 loss to Orioles
The Yankees couldn’t earn a split of their four-game series with the Baltimore Orioles, falling 7-2 on Thursday afternoon.Yahoo Sports - Sports - MLB -
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 -
Apple's quarterly iPhone sales plunge 10%, but stock price surges on dividend, stock buyback news
Apple has posted its steepest quarterly decline in iPhone sales since the pandemic’s outsetABC News - Tech -
Macquarie's Full-Year Profit Falls, Cuts Dividend
Australia’s biggest investment bank and asset manager reported a 32% fall in annual profit and cut its dividend by 14%.The Wall Street Journal - World -
Lockheed Martin drops $300 million buyout bid for Terran Orbital
Lockheed Martin has withdrawn an offer to acquire satellite maker Terran Orbital for nearly $300 million.MarketWatch - Business -
Fortinet’s stock falls 8% after cybersecurity company’s quarterly billings drop
Shares of Fortinet Inc. fell 8% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.MarketWatch - Business -
DraftKings posts surge in revenue, hikes full-year sales guidance
DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up nearly 2% in extended trading.MarketWatch - Business -
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 -
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 -
TD Bank Probe Tied to Laundering of Illicit Fentanyl Profits
The Canadian bank faces three other U.S. probes into its anti-money-laundering controls.The Wall Street Journal - World -
Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
The company continues to lean on customers’ appetite for apps and services, as demand for its devices weakens.The New York Times - Top stories - Apple -
5/2: The Daily Report with John Dickerson
John Dickerson reports on protesters' calls for colleges to divestment from Israel, why thousands of migrants are waiting in Mexico, and the new nuclear reactor operating in Georgia.CBS News - Top stories -
Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
Apple CEO Tim Cook told CNBC that quarterly sales suffered from a difficult comparison to the year-earlier period.CNBC - Business - Apple -
North Carolina congressional candidate drops out of race after Trump endorses rival
The one-time front-runner in the GOP congressional primary race in North Carolina ended her campaign on Thursday, citing former President Trump’s endorsement of her opponent. "In light of President Trump's endorsement of Brad Knott for the ...The Hill - Politics - Donald Trump -
Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. Elevated costs have come with it.
A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.MarketWatch - Business