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Commodities
EOG Resources beats first-quarter profit estimates on higher natural gas prices
May 1(Reuters) - EOG Resources EOG.N beat estimates for first-quarter profit on Thursday, as the company benefited from higher natural gas prices. The company reported an adjusted profit of $2.87 per share for the quarter ended March 31, compared with analysts' average estimate of $2.79, accordi...Reuters
Thu, May 1
Other
Insurer AIG's profit falls on Los Angeles wildfire losses
May 1 (Reuters) - American International Group AIG.N reported lower first-quarter profit on Thursday, as the inferno that scorched more than 16,000 structures in Los Angeles in January led to higher catastrophe losses.The company - one of the world's largest commercial insurers - posted catastro...Reuters
Thu, May 1
Commodities
Oil up 2% as Trump threatens new sanctions on Iran
Trump says all Iranian oil purchases must stopSaudi willing to sustain lower prices for longerUS economy contracts in Q1 amid trade policy disruptionsBy Arathy Somasekhar HOUSTON, May 1 (Reuters) - Oil prices settled nearly 2% higher on Thursday after U.S. President Donald Trump threatened second...Reuters
Thu, May 1
Stocks
Amazon down after cloud revenue growth lags in first quarter
** Shares of e-commerce giant Amazon.com AMZN.O fall 4.3% to $182 in extended trading ** AWS revenue grows 17% in Q1, compared with estimates of a 17.4% increase ** Reports Q1 revenue of $155.7 billion, vs est. of $155.04 billion, according to data compiled by LSEG** Company forecasts Q2 revenue bet...Reuters
Thu, May 1
Other
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
May 1 (Reuters) - Instacart CART.O forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on its delivery platform as more people shop online.Shares of the company, which also beat first-quarter core profit estimates, were up abo...Reuters
Thu, May 1
Stocks
Airbnb falls as Q2 revenue forecast trails estimates
** Airbnb ABNB.O shares fall 3% to $120 after Q1 results** Co expects Q2 revenue between $2.99 bln and $3.05 bln, mid-point of which is below analysts' estimate of $3.04 bln - LSEG** ABNB says it expects moderation in y-o-y growth rate of nights booked in Q2 and average daily rate to remain flat...Reuters
Thu, May 1
Stocks
GLOBAL MARKETS-US stocks end higher on tech boost, yen slides on BOJ gloom
Tech earnings boost NasdaqS&P 500 longest win streak since August 2024Dollar rises as BoJ cuts growth forecastsGold prices drop as focus away from safe-haven assetsBy Stephen Culp NEW YORK, May 1 (Reuters) - Wall Street stocks rallied and gold prices slid on Thursday as solid earnings from bi...Reuters
Thu, May 1
Stocks
LIVE MARKETS-Dow, S&P 500 make it eight straight as earnings resonate
Main US equity end higher; Nasdaq, up ~1.5%, posts biggest riseTech leads S&P 500 sector gainers; Healthcare weakest groupDollar jumps; crude rises >1%; bitcoin up ~2%; gold down >1.5%US 10-Year Treasury yield rises to ~4.21%Welcome to the home for real-time coverage of markets brought to ...Reuters
Thu, May 1
Other
Roku forecasts second-quarter revenue below estimates
May 1 (Reuters) - Roku ROKU.O forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment. It expects revenue of $1.07 billion for the second quarter, compared with analysts' average estimate of $1.09 billion, acc...Reuters
Thu, May 1
Other
Motor racing-Russell says F1 drivers want more than words from FIA boss
MIAMI, May 1 (Reuters) - George Russell said Formula One drivers wanted more than words from FIA president Mohammed Ben Sulayem in a lukewarm response to a mooted change in the rules concerning punishment for misconduct, including swearing.Ben Sulayem, the Emirati head of the governing body, said on...Reuters
Thu, May 1
Economic Indicator
Block's first quarter profit falls as spending slowdown fears mount
May 1 (Reuters) - Payments firm Block XYZ.N reported a fall in first-quarter profit on Thursday, highlighting worries about reduced consumer spending due to the ongoing trade tensions between the U.S. and China.Net income attributable to its common stockholders was $189.9 million, or 30 cents per sh...Reuters
Thu, May 1
Other
Reddit forecasts quarterly revenue above estimates as digital ad spend grows
May 1 (Reuters) - Reddit RDDT.N forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital ad spend on the social media platform despite uncertainty over marketing budgets resulting from the ongoing trade war.It expects current-quarter revenue to be between $...Reuters
Thu, May 1
Economic Indicator
Airbnb forecasts second-quarter revenue below estimates, flags softening US travel demand
May 1 (Reuters) - Vacation rental platform Airbnb ABNB.O on Thursday forecast second-quarter revenue largely below Wall Street estimates and signaled softening demand in the U.S. as an erratic trade policy hammers consumer sentiment and sparks worries over growth.The company expects second-quarter r...Reuters
Thu, May 1
Other
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
May 1 (Reuters) - Instacart CART.O forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on its delivery platform as more people shop online.The company, also known as Maplebear, has been attracting customers amid a highly compe...Reuters
Thu, May 1
Stocks
Amazon forecasts quarterly revenue largely above estimates
May 1 (Reuters) - Amazon.com AMZN.O forecast second-quarter revenue largely above Wall Street estimates on Thursday, in a reassuring sign that the world's biggest e-commerce company would navigate tariff-related uncertainty on its retail business.The company expects net sales between $159.0 bill...Reuters
Thu, May 1
Other
Amgen quarterly profit tops Wall Street view, sales up 11%
Adjusted EPS $4.90 vs LSEG estimate of $4.30Revenue of $8.1 billion in line with Wall Street estimatesFDA lifts clinical hold on AMG 513 weight-loss drug trialBy Deena Beasley May 1 (Reuters) - Amgen AMGN.O on Thursday said its first-quarter profit rose 24%, handily exceeding Wall Street expectat...Reuters
Thu, May 1
Stocks
Why Rivan Stock Jumped This Week
Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) rose sharply this week after a report surfaced that the company has been stockpiling battery materials to fend off some of the negative effects from President Donald Trump's tariffs.Investors may have also been optimistic aft...The Motley Fool
Thu, May 1
Other
Duolingo raises 2025 forecast as AI-powered subscription garners wider appeal
By Akash SriramMay 1 (Reuters) - Language learning app Duolingo DUOL.O forecast current-quarter revenue above Wall Street estimates and lifted its annual sales expectations on Thursday, as more users pay for subscriptions featuring AI features.Duolingo operates on a "freemium" model, offerin...Reuters
Thu, May 1
Stocks
Why Applied Digital Stock Is Skyrocketing Today
Applied Digital (NASDAQ: APLD) stock is posting big gains in Thursday's trading. The company's share price was up 14.5% as of 3:30 p.m. ET. Meanwhile, the S&P 500 was up 1.1%, and the Nasdaq Composite was up 2.1%.Along with bullish momentum for the broader market today, Applied Digital's valuation i...The Motley Fool
Thu, May 1
Other
Lumen beats quarterly revenue estimates on AI driven demand for connectivity
By Harshita Mary Varghese May 1 (Reuters) - Lumen Technologies LUMN.N topped Wall Street estimates for first-quarter revenue on Thursday, driven by strong demand for its connectivity solutions from enterprise customers amid a rapid growth in AI-intensive workloads. The expansion of AI application...Reuters
Thu, May 1
