Shares of Amazon rose after the tech giant reported stronger-than-expected first-quarter results, driven by a continued acceleration of growth in its Amazon Web Services unit. Revenue increased 17% year over year to $181.52 billion, beating the consensus analyst estimate of $177.3 billion, according to LSEG data. Earnings per share based on generally accepted accounting principles…
Bill Ackman’s long-awaited push into public markets debuted Wednesday, marking a scaled-back but still ambitious step toward building a Berkshire Hathaway-like investment platform. The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations after marketing a deal that initially targeted between $5 billion and $10…
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell‘s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold…
Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by another strong quarter for Taco Bell. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.50 adjusted vs. $1.38 expected Revenue: $2.06 billion vs. $2.04 billion expected Yum reported…
Shares of Meta Platforms are recovering from a bruising stretch earlier this year, when investors shied away from the social media giant’s massive investment in artificial intelligence. Wednesday’s earnings will determine whether that rebound will continue. The stakes are high: Meta is in the midst of one of the most aggressive AI buildouts of all…
Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates’ shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members to follow suit. The country’s decision follows weeks of missile and drone strikes by fellow OPEC member Iran, with…
An electronic stock board inside the Kabuto One building in Tokyo, Japan, on Tuesday, Jan. 28, 2025. Toru Hanai | Bloomberg | Getty Images Asia-Pacific markets were set to open mixed Wednesday, after Wall Street declined overnight as investors assess the latest developments concerning OPEC, as well as a report that pointed to weakness in…
People outside Starbucks in London, United Kingdom on April 8, 2026. Mike Kemp | In Pictures | Getty Images Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store sales growth after reporting its second straight quarter of traffic growth. “This quarter marked a milestone for Starbucks – and the turn in our…
Samuel Boivin | Nurphoto | Getty Images Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle dropped about 7.5% in premarket trading Tuesday. Oracle…
A CATL logo is displayed on a smartphone screen with a Hong Kong Stock Exchange (HKEX) logo in the background on May 7, 2025 in Chongqing, China. Li Hongbo | Visual China Group | Getty Images Shares of China’s Contemporary Amperex Technology declined 8.5% Tuesday after the EV battery giant unveiled plans for a roughly…
