News

Shares of aerospace and defense company Boeing (NYSE:BA) jumped 7.2% in the morning session after the company reported impressive first-quarter 2025 results, which significantly blew past analysts' EBITDA and EPS expectations, signaling improved profitability.

Shares of elevator manufacturer Otis (NYSE:OTIS) fell 6.2% in the morning session after the company reported underwhelming first-quarter 2025 results. Its organic revenue in the quarter fell short of Wall Street's estimates. Revenue was just in line but EPS beat. Looking ahead, Otis lifted full-year revenue guidance, and the updated figure slightly beat analysts' expectations. Overall, this was a mixed yet weaker quarter.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the morning session after CEO Elon Musk announced plans to limit his involvement at the Department of Government Efficiency, suggesting a shift in focus toward his business ventures, especially Tesla. Musk added during the Q1 2025 earnings, "I think starting probably in next month, May, my time allocation to DOGE will drop significantly."

Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 12.1% in the morning session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue and EPS expectations. Sales jumped 48% year on year on a reported basis, and every business unit contributed, with the Communications Solutions segment doubling sales. Looking ahead, its EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this q

Shares of supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) jumped 11.4% in the morning session after the company reported first-quarter 2025 results that significantly exceeded analysts' expectations across revenue, EPS, and EBITDA. The key highlight for the quarter was a 25% increase in remaining performance obligations, a forward-looking measure that signals sustained demand for its cloud products.

Shares of equipment distributor Watsco (NYSE:WSO) fell 8.5% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Its revenue missed significantly, and its EBITDA fell short of Wall Street's estimates. Sales fell modestly, and operating income declined by a wider margin as the business was hit by slow demand in new housing and overseas markets. Overall, this was a weaker quarter.

HIVE Digital has completed its facility in Yguazù, Paraguay, as it expects to reach the hashrate capacity of 25 EH/s by fall 2025.

Twenty One Capital plans to launch publicly with 42,000 Bitcoins.

London Stock Exchange Group CEO David Schwimmer and Spanish Economy Minister Carlos Cuerpo are among those discussing the future of global trade at Semafor’s World Economy Summit.

WASHINGTON (Reuters) -Global central bankers who have come to view the U.S. Federal Reserve as a source of stability now face an unpredictable period where the Fed's monetary policy decisions are being pulled in conflicting directions and the institution's independence could be at risk. The Fed's upcoming policy choices pose one issue, with the potential that as other central banks cut rates in response to slowing growth the U.S. needs tight monetary policy to ward off tariff-driven inflation, a divergence that could stress dollar funding markets and make financing more expensive for less-developed countries in particular. Another, and perhaps more fundamental issue, is the question of whether the Fed can remain above the political fray in the face of attacks by U.S. President Donald Trump, who has repeatedly expressed his displeasure with the Fed's policy and its chief, Jerome Powell.