A bunch of Wall Street analysts just cut their stock-price targets for Tesla after earnings
Tesla's latest earnings were a mixed bag of good and bad news, Wall Street analysts said. A slew of major banks cut price targets after the results.
Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M
The firm, formerly known as Janover, continued its buying spree for its long-term crypto holdings acquiring locked SOL tokens below spot prices
Fed's Hammack sees more runway for Fed balance sheet cuts
NEW YORK (Reuters) -Conditions still support ongoing reductions in the Federal Reserve's balance sheet, Cleveland Fed President Beth Hammack said on Wednesday, as she also noted that amid great uncertainty now is not the time to change monetary policy. Hammack, at a meeting of the Money Marketeers of New York University, spoke at length on her views on the Fed's balance sheet. "We still appear to have more than enough reserves in the system so that active management isn't needed," Hammack said.
Wall Street's 'strongest signal yet': Bitcoin ETFs haul in nearly $1 billion
Collectively, Bitcoin ETFs in the U.S. now have $108.16 billion in assets under management.
Penumbra’s (NYSE:PEN) Q1 Sales Beat Estimates, Stock Soars
Medical device company Penumbra (NYSE:PEN) reported Q1 CY2025 results beating Wall Street’s revenue expectations, with sales up 16.3% year on year to $324.1 million. The company expects the full year’s revenue to be around $1.35 billion, close to analysts’ estimates. Its non-GAAP profit of $0.83 per share was 24.4% above analysts’ consensus estimates.
Churchill Downs (NASDAQ:CHDN) Posts Q1 Sales In Line With Estimates
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 8.7% year on year to $642.6 million. Its non-GAAP profit of $1.07 per share was 3.5% above analysts’ consensus estimates.
Texas Instruments Stock Climbs on Better-Than-Expected Earnings, Outlook
Texas Instruments posted better-than-expected earnings for the first quarter and issued a strong outlook, sending shares higher in extended trading Wednesday.
Trading Day: Wall Street extends rebound as trade war fears subside
White House would consider cutting China tariffs as partof talks, source says 2. Bessent says China tariffs are not sustainable as USsignals willingness to de-escalate 3. Americans sour on Trump's handling of the economy,Reuters/Ipsos poll finds 4.
S&P 500 Gains and Losses Today: Tech Stocks Jump as Trump Softens Stance on Fed and Trade
The S&P 500 advanced 1.7% on Wednesday, April 23, as comments from the White House pointed to stability at the Fed and the possibility of easing trade tensions.
Plexus (NASDAQ:PLXS) Reports Q1 In Line With Expectations
Electronic manufacturing services company Plexus (NASDAQ:PLXS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 1.4% year on year to $980.2 million. The company expects next quarter’s revenue to be around $1.02 billion, close to analysts’ estimates. Its non-GAAP profit of $1.66 per share was 7.8% above analysts’ consensus estimates.