Stocks News

Starbucks reports strong Q1 results, exceeding expectations with US steady, China rebounding, projecting 10-12% FY23 growth.

German retail sales figures likely affirm a Q1 contraction. However, the ECB will be more interested in core euro area inflation figures in focus today.

The Federal Reserve’s frequent interest rate hikes, expected to peak at 5-5.25%, are accompanied by challenges posed by the recent banking crisis.

March: $67.9B rise in income, $21.5B in spending; personal consumption up less than 0.1% or $8.2B.

Amazon’s Q1 revenue exceeded expectations; AWS revenue increased 16%, advertising grew thanks to machine learning, leading to an 8% surge in shares.

Intel reports Q1 losses with 133% reduction in EPS and 36% YoY revenue decline. Despite struggles, the stock rises over 3% in extended trading.

US Q1 2023 GDP up 1.1% despite consumer and government spending boosts, due to private inventory and residential investment decline.

Despite facing challenges from a battered online ad market and increased competition, Meta exceeded revenue expectations in Q1.

The US experienced a 3.2% increase in durable goods orders in March 2023, with transportation equipment leading the way.

Despite PC sales decline, Microsoft’s earnings boosted by Azure cloud business.

Housing prices see improvement in most cities, yet West Coast struggles in February 2023, according to Case-Shiller

McDonald’s exceeds Q1 earnings and revenue expectations with same-store sales growth in all three divisions

US Manufacturing & Services sectors grow in April, optimism tempered by inflation & shift to services.

Unemployment Claims Rise by 5,000, Reaching 245,000, Slightly Higher than 240,000 Forecast

Shares in electric vehicle makers Tesla dropped 4% after the company reported first-quarter earnings after the bell.

Single-family housing starts saw a small increase in March, but overall building permits and housing starts were down.

MUMBAI (Reuters) – About 200 Apple fans hoping to be among the lucky few to enter the tech giant’s first retail store in India gathered from early on Tuesday outside the shop in the commercial capital of Mumbai.

(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said in a preliminary release of main indicators on Tuesday.

(Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday unveiled a new electric sport-utility vehicle as it highlighted its commitment to the Chinese market.

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital.