Day: May 1, 2025
Amazon reports first-quarter earnings after the bell
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, Feb. 26, 2025. Brendan McDermid | Reuters Amazon is slated to announce its first-quarter earnings after the market close Thursday. Here’s what analysts are looking for: Earnings per share: $1.36 expected, according to LSEG Revenue: $155.04 billion expected, according to […]
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Trump says any country that buys oil from Iran will not be allowed to do business with U.S.
President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S. U.S. crude oil futures rose $1.03, or 1.77%, to close at $59.24 per barrel, while global benchmark Brent gained $1.07, or 1.75%, to settle at $62.13. Iran is […]
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Billionaire Lukas Walton names new CIO for his family office
Noelle Laing, chief investment officer of Builders Vision. Courtesy of Builders Vision A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Builders Vision, the family office of billionaire Walmart heir Lukas Walton, has […]
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Apple reports second-quarter earnings after the bell
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Julia Demaree Nikhinson | Getty Images Apple reports fiscal second-quarter earnings Thursday after the bell. Wall Street is eager to hear from Apple for the first […]
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Stocks making the biggest moves midday: Meta Platforms, Qualcomm, Eli Lilly, CVS Health and more
Check out the companies making headlines in midday trading: Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance […]
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Microsoft pops 9% after earnings beat, on pace for best day in 5 years
Satya Nadella, CEO of Microsoft, speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Microsoft shares popped 9% Thursday after the software giant issued strong guidance and robust cloud growth drove a top- and bottom-line beat in the third quarter. Shares are on […]
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Mercedes-Benz to add new vehicle to Alabama plant amid Trump tariffs
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz U.S. International factory in Vance, Alabama, on June 8, 2017. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes-Benz on Thursday said it will add a new vehicle to its plant in Alabama amid President Donald Trump’s auto tariffs. The German […]
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Dow rallies 200 points to kick off May as Microsoft, Meta rekindle AI trade: Live updates
Traders work on the floor of the New York Stock Exchange on May 1, 2025. NYSE Stocks rose on Thursday after strong quarterly results from two Big Tech players eased concerns that artificial intelligence progress would slow amid economic turmoil. The Dow Jones Industrial Average climbed 210 points, or 0.5%. The S&P 500 traded up […]
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Trump national security advisor Mike Waltz expected to leave post after Signal scandal
National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. This week marks the first 100 days of U.S. President Donald Trump’s second term. Andrew Harnik | Getty Images News | Getty Images National Security Advisor Mike Waltz […]
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Microsoft raises prices of Xbox video game consoles due to ‘market conditions’
Microsoft CEO Satya Nadella speaks during an event celebrating the 50th Anniversary of Microsoft in Redmond, Washington, on April 4, 2025. Stephen Brashear | Getty Images News | Getty Images Microsoft said Thursday that it has increased the recommended retail prices of its Xbox video game consoles and some controllers globally due to “market conditions.” […]
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