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Quanta beats quarterly profit estimates, raises annual profit forecast
May 1 (Reuters) - Energy contractor Quanta Services PWR.N beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services.The ongoing power grid modernization and electrification in the U.S. and construction of dat...Reuters
Thu, May 1
Forex
FOREX-Yen slides as tariffs keep BOJ on hold, dollar steady
Yen sold as BOJ holds rates but cuts economic forecastsDollar is steadyFriday's US jobs data in focusMuch of Europe closed for May Day holidayBy Samuel Indyk and Tom Westbrook LONDON/SINGAPORE, May 1 (Reuters) - The yen slid on Thursday as the Bank of Japan (BOJ) lowered growth forecasts ...Reuters
Thu, May 1
Stocks
1 Stock-Split Stock to Buy Hand Over Fist in May and 1 to Avoid
The mere fact that a company recently executed a stock split isn't much of an investment thesis. The move neither creates nor destroys bottom-line profits or shareholder value -- it simply lowers the stock price by dividing the same business value into a larger number of equal slices.That being said...The Motley Fool
Thu, May 1
Commodities
US-Ukraine minerals deal economic partnership, signal to Russia, Bessent says
WASHINGTON, May 1 (Reuters) - The U.S.-Ukraine minerals deal is a full economic partnership that will that allow President Donald Trump to negotiate with Russia on a stronger basis, Treasury Secretary Scott Bessent said in an interview on Thursday.The deal will show "Russian leadership that ther...Reuters
Thu, May 1
Cryptocurrencies
Wall Street’s Morgan Stanley plans to bring crypto trading to its E*Trade platform
Morgan Stanley is preparing to roll out crypto trading on its E*Trade platform next year, in what would be the most aggressive move yet by a big American bank to let regular people buy coins like Bitcoin and Ether. The development was reported by Bloomberg, and people at the company say it’s still early, but […]Cryptopolitan
Thu, May 1
Other
CNH Industrial lowers annual profit forecast on softening equipment demand
May 1 (Reuters) - Farm and construction equipment maker CNH Industrial CNH.N on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump's sweeping tariffs.Farm equipment demand has been subdued as fal...Reuters
Thu, May 1
Other
Howmet Aerospace lifts 2025 profit forecast on robust parts demand
May 1 (Reuters) - Howmet Aerospace HWM.N on Thursday raised its 2025 profit forecast on robust demand for the U.S. supplier's fasteners and other critical aircraft parts as planemakers try to produce more jets. The updated outlook, which includes current assumptions on tariff impacts, projects ...Reuters
Thu, May 1
Stocks
McDonald's down after surprise fall in quarterly global comparable sales
** McDonald's MCD.N shares fall 1.6% to $314.40 in premarket trading** Fast food giant posts surprise fall in Q1 global comparable sales as economic uncertainty hits demand for dining out** Q1 comparable sales in McDonald's biggest market, the United States, fell 3.6%, compared with analysts...Reuters
Thu, May 1
Stocks
Is the Vanguard Russell 2000 Index Fund ETF a Buy Now?
Investing can be super easy. Most of the time, it's hard to beat the wealth-building power of holding a simple S&P 500 (SNPINDEX: ^GSPC) index fund over the long haul. A low-fee exchange-traded fund (ETF) can do the job, such as the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) or the Vanguard S&P 500 ETF (...The Motley Fool
Thu, May 1
Stocks
What Is a Retirement Advisor and Why Do You Need One?
What would you do if you had a compound fracture? Would you prefer a general practitioner to treat it, or would you rather see a trained orthopedic surgeon? No matter how knowledgeable a general practitioner is, they don't have the additional training required to do surgery. The same is true of fina...The Motley Fool
Thu, May 1
Other
Mcdonald's Reports Q1 Adjusted Eps $2.67 Versus IBES Estimate $2.66
May 1 (Reuters) - McDonald's Corp MCD.N:Q1 ADJUSTED EPS $2.67 VERSUS IBES ESTIMATE $2.66Q1 GLOBAL COMPARABLE SALES DOWN 1% VERSUS IBES ESTIMATE OF RISE OF 0.95%Q1 US COMPARABLE SALES DOWN 3.6% VERSUS IBES ESTIMATE OF DOWN 0.54%Q1 SYSTEMWIDE SALES DECREASED 1%Q1 REVENUE $5.96 BILLION VERSUS IBES ...Reuters
Thu, May 1
Stocks
If I Could Only Buy and Hold a Single Stock, This Would Be It.
If I could only buy one stock right now and hold it long term, there are several different ways I could go.In full disclosure, my usual go-to answer is Berkshire Hathaway, and for good reason. The conglomerate is designed to perform well no matter what the economy is doing, and its diverse collectio...The Motley Fool
Thu, May 1
Commodities
Sumitomo Corp eyes record profit, creates loss buffer against US tariffs
Forecasts Y570 bln net profit for FY25/26Sets aside Y40 bln financial buffer amid U.S. tariffsStill considering all options for Ambatovy nickel projectBy Katya Golubkova, Yuka Obayashi TOKYO, May 1 (Reuters) - Japanese trading house Sumitomo Corp 8053.T on Thursday forecast a record net profit of...Reuters
Thu, May 1
Other
Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand
May 1 (Reuters) - Carrier Global CARR.N beat the analysts' estimate for first-quarter profit on Thursday, and raised its 2025 forecast, anticipating strong demand for its heating, ventilating and air conditioning (HVAC) products and aftermarket repair services.Increasing global temperatures fuel...Reuters
Thu, May 1
Stocks
U.S. STOCKS ON THE MOVE-Align Technology, Air Products, CVS
Eikon search string for individual stock moves: STXBZThe Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures jumped on Thursday as shares of Microsoft and Meta Platforms surged after strong quarterly results from both the...Reuters
Thu, May 1
Stocks
Apple dips after US judge rules it violated order to reform App Store
** Shares of Apple AAPL.O down 1.2% to $209.95 premarket after a U.S. judge ruled iPhone maker violated an antitrust ruling related to App Store restrictions** U.S. District Judge Yvonne Gonzalez Rogers on Weds said AAPL failed to comply with her prior injunction order, which was imposed in an antit...Reuters
Thu, May 1
Economic Indicator
Linde forecasts second-quarter profit below estimate on weakness in European market
May 1 (Reuters) - Linde LIN.DE, the world's largest industrial gases company, forecast second-quarter adjusted earnings below analysts' expectations on Thursday, citing macroeconomic headwinds and weak demand in the European markets.Chemical companies in Europe have been grappling with slowi...Reuters
Thu, May 1
Other
Looting of Gaza stores signals worsening hunger crisis
Aid workers say raids are result of desperationKitchens that feed hundreds of thousands risk closureIsrael has blocked supplies to Gaza since March 2By Nidal al-Mughrabi CAIRO, May 1 (Reuters) - Increased looting of food stores and community kitchens in the Gaza Strip shows growing desperation as...Reuters
Thu, May 1
