Top Stock Movers Now: Nvidia, Tesla, Boeing, and More
U.S. equities were down at midday ahead of key tech earnings scheduled for this week.
Schneider Electric cuts margin outlook on market volatility
(Reuters) -Electrical equipment maker Schneider Electric cut its 2025 implied core profit margin outlook on Monday due to market volatility, after its sales missed market expectations in the first quarter. Schneider Electric, which develops AI-related data centre cooling systems, now sees 2025 adjusted earnings before interest, taxes and amortization (EBITA) margin of between 18.7% and 19%, compared to its previous core profit margin expectation of between 19.2% and 19.5%. The statement did not mention the impact of U.S. President Donald Trump's tariffs where a lack of certainty created by their on-again-off-again nature has roiled global markets, destabilised the United States' trading partners and left companies reassessing their operations.
Coinbase Targeting 4%-8% Returns With New Bitcoin Yield Fund
The Coinbase Bitcoin Yield Fund opens for business on May 1 and promises returns initially from basis trading, with lending and options strategies to be used in the future, according to launch partner Aspen Digital.
Emerging-Market Stocks Extend Rally as Tariff Sentiment Improves
(Bloomberg) -- Stocks in developing nations climbed on Monday, with the benchmark index heading for its highest close in three weeks, amid optimism over trade talks between the US and its partners.Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryUS Cricket Deepens Bet on Texas With HQ Shift From CaliforniaLos Angeles Downgraded to AA- by S&P Due to Budget WoesThe Last Thing US Transit Agencie
Trump’s Desire for Cheap Crude Puts Big Oil’s Plans to Test
(Bloomberg) -- Big Oil has a powerful ally in the White House, but the first quarter of Donald Trump’s presidency was a real test for companies’ plans. The rest of the year could be even tougher. Most Read from BloombergNewsom Says California Is Now the World’s Fourth-Biggest EconomyNYC’s Congestion Toll Raised $159 Million in the First QuarterNew York City Transit System Chips Away at Subway Fare EvasionAt Bryn Mawr, a Monumental Plaza Traces the Steps of Black HistoryThe Last Thing US Transit
Trump’s first 100 days worst for Wall Street since Watergate
Donald Trump’s first 100 days in office have have been the worst for Wall Street of any new president since the Watergate scandal, figures show.
MGM Resorts International Stock Rises on Strong Q1 BetMGM Results
MGM Resorts International said BetMGM's Online Sports and iGaming revenue soared in the first quarter.
Elon Musk's conflicts of interest: $2.37 billion in potential federal penalties, report says
On the day Trump took office, Elon Musk, Tesla and his other companies faced at least $2.37 billion in potential penalties from federal agencies, according to a Democratic congressional report.
Hackers Manipulate Markets in $700 Million Illicit Trading Spree
(Bloomberg) -- Criminals are hijacking online brokerage accounts in Japan and using them to drive up penny stocks around the world. The wave of fraudulent trading has reached ¥100 billion ($710 million) since it started in February and shows no signs of cresting. The scams typically use the hacked accounts to buy thinly traded stocks both domestically and overseas, allowing anyone who has built up a position earlier to cash out at inflated values. In response, some Japanese securities firms have
S&P 500 ekes out slight gain with data, megacap earnings eyed
NEW YORK (Reuters) -The S&P 500 closed a choppy session nearly unchanged on Monday, weighed down by megacaps as investors awaited several catalysts including key economic data and earnings from some of the largest U.S. companies. Megacaps Nvidia , off 2.1%, and Amazon , down 0.7%, were the primary drags on the benchmark S&P 500 index and also kept the Nasdaq in negative territory. The Wall Street Journal reported on Sunday that China's Huawei Technologies was preparing to test its artificial-intelligence processor, which it hopes can replace some of Nvidia's higher-end products.