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Norwegian Cruise Line Holdings shares plunged soon after the opening bell Wednesday, after the company posted earnings that missed analysts’ estimates and said it had seen some "softening" in bookings.

Fast-food chain Wingstop (NASDAQ:WING) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 17.4% year on year to $171.1 million. Its non-GAAP profit of $0.99 per share was 14.4% above analysts’ consensus estimates.

Electronic components distributor Avnet (NASDAQGS:AVT) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 6% year on year to $5.32 billion. On the other hand, next quarter’s revenue guidance of $5.3 billion was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $0.84 per share was 17.6% above analysts’ consensus estimates.

The U.S. economy contracted 0.3% in the first quarter of 2025, the first negative reading since 2022, according to an initial measurement released Wednesday by the Commerce Department.

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump's trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs. Imports grew at a 41% pace, fastest since 2020, and shaved 5 percentage points off first-quarter growth.

Safety and security company Federal Signal (NYSE:FSS) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 9.2% year on year to $463.8 million. The company’s full-year revenue guidance of $2.06 billion at the midpoint came in 0.5% above analysts’ estimates. Its non-GAAP profit of $0.76 per share was 3.9% above analysts’ consensus estimates.

Leading data storage manufacturer Western Digital (NASDAQ: WDC) reported Q1 CY2025 results exceeding the market’s revenue expectations, but sales fell by 33.6% year on year to $2.29 billion. On top of that, next quarter’s revenue guidance ($2.45 billion at the midpoint) was surprisingly good and 5.2% above what analysts were expecting. Its non-GAAP profit of $1.36 per share was 22.7% above analysts’ consensus estimates.

Bitcoin recently hit a price of $95,000 for the first time in two months, signaling a potential recovery. More investors are now viewing Bitcoin as a potential hedge and long-term store of value. After weeks of outflows, the spot Bitcoin ETFs are beginning to see significant inflows.

The offering aims to make real-world asset tokens competitive with stablecoins for DeFi yield strategies, Securitize's Reid Simon said.

General Motors is heavily exposed to tariffs, including almost entire Buick brand, but Trump’s waffling offers some relief.