News Blog

Roblox shares plunge as forecast cut signals safety measures weighing on user growth

Roblox shares plunged 24% in premarket trading on Friday after the company lowered its annual bookings forecast, raising concerns that new safety measures ​could weigh on user growth for several quarters.

Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast

Estee ​Lauder on Friday ​raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares ⁠up ‌about 11% in premarket trading.

Colgate-Palmolive beats Q1 estimates on strong international demand

Colgate-Palmolive beat expectations for first-quarter sales and profit on Friday, helped by strong international demand for household staples such as oral ​and personal care products.

Core inflation rate hit 3.2% in March, as expected; GDP grew 2% in first quarter

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve.

Mastercard Tops Estimates, Fueled by an increase in Spending

Mastercard Inc. shares fell after the company reported higher-than-expected expenses.

ECB holds rates at 2% as inflation rises and eurozone growth slows

The ECB maintained key interest rates at their lowest level in more than two years, matching market expectations.

Bristol-Myers Squibb trumps Q1 estimates, maintains full-year outlook

Bristol-Myers Squibb reported first-quarter earnings and revenue that topped analyst expectations, and reaffirmed its outlook for the full year.

Quanta Services soars 10% on earnings beat and raised outlook

Quanta Services Inc. (PWR) reported first-quarter results that significantly exceeded analyst expectations and raised its full-year financial outlook, sending shares up 10%.

Euro zone inflation jumps to 3% as economic growth almost stalls

The euro zone economy expanded by a meager 0.1% in the first quarter of the year, preliminary data showed on Thursday, as the Iran war hampers growth in the region and inflation pressures intensify.

Caterpillar Topped Lofty Earnings Estimates. The Stock Is Soaring…Again.

Caterpillar (CAT) stock has been strong recently, raising expectations for a robust quarterly earnings report. The equipment company delivered the beat-and-raise quarter investors were hoping for. Shares were up nearly 5% in early trading.

DBS’s first-quarter net profit beat underpins 2026 outlook as wealth arm softens Iran war risks

Singapore’s biggest bank DBS Group (DBSM) struck a more sanguine tone on its 2026 outlook on Thursday after beating ‌first-quarter earnings forecasts, betting stronger wealth inflows and deposit growth can blunt the impact of the Iran war.

Fed holds rates steady but with highest level of dissent since 1992

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.

Eli Lilly Stock Jumps on Earnings Beat as Zepbound and Mounjaro Sales Skyrocket

Shares of Eli Lilly (LLY) rose sharply Thursday after the drugmaker delivered a beat-and-raise quarter driven partly by demand for its GLP-1 drugs.

Russia’s Gazprom says 2025 net income up 7% on stronger rouble

Gazprom (GAZP), Russia’s largest natural gas producer, said on Thursday its ​full-year net income rose 7% in 2025 to 1.3 ​trillion roubles ($17.3 billion), thanks to a stronger rouble, which ⁠had a positive effect on its forex-denominated debt.

ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut

ConocoPhillips on Thursday reported first-quarter 2026 adjusted earnings per share of $1.89, beating analyst estimates of $1.66, though shares fell over 2% in pre-market trade as the company cut its full-year production outlook citing the ongoing Middle East conflict’s impact on Qatar operations.

Amazon’s cloud unit reports 28% sales growth, topping estimates

Amazon Web Services recorded 28% revenue growth in the first quarter, beating analysts’ estimates, as the cloud infrastructure leader boosted its investment in Anthropic and prepared to work more closely with OpenAI.

Microsoft Stock Slides After Earnings. What Overshadowed Strong Cloud Growth.

Microsoft (MSFT) stock was sliding on Thursday after the tech giant’s lofty capital spending guidance overshadowed solid growth for its Azure cloud-computing business.

Altria Sales Rise, Boosted by Higher Cigarette Prices

Altria (MO) posted higher sales in the first quarter as higher pricing offset lower volumes.

German unemployment rises above 3 mln mark in April

The number of unemployed people in Germany rose ​more than expected in April and surpassed the politically ‌important 3 million mark in seasonally adjusted terms.

Alphabet ups 2026 capex to as much as $190 billion, expects to ‘significantly increase’ in 2027

Alphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.