Investors liked the earnings report from Ryder, even though its gains over the 12 months were limited. The post Ryder’s mildly positive earnings report gets strong support on Wall Street appeared first on FreightWaves.
Tesla shares climbed Wednesday as investors focused on comments from Tuesday's earnings call rather than the electric vehicle maker's disappointing first-quarter results.
Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war.
Investors are expecting top U.S. refiners to report quarterly losses, even as their margins improve, as they brace for the ripple effect from U.S. President Donald Trump's sweeping tariffs, energy analysts said. Fuelmakers have seen earnings tumble from record levels in 2022, when a recovery in demand following the COVID-19 pandemic and Russia's invasion of Ukraine drove up refined products prices. In the first quarter of 2025, margins increased from last year's multi-year lows, but seasonal turnarounds and unplanned outages limited refiners' ability to capture revenues.
Bitcoin continued it torrid trading streak, flirting with $94,000 on Wednesday morning, despite a robust stock market rally. Some investors have been pulling money out of stocks and stashing them in gold and crypto, which have sent the values of both soaring.
NEW YORK (Reuters) -Goldman Sachs shareholders voted to approve pay packages, including hefty retention bonuses, for top executives CEO David Solomon and president John Waldron. They also voted in favor of other management proposals including the election of the firm's board of directors, according to a preliminary voting count announced during a virtual shareholder meeting in Dallas. Proxy adviser Glass Lewis had earlier recommended investors cast vote against the compensation plans, citing the bank's "continued inability to align pay with performance," including excessive retention awards of a combined $160 million given to Solomon and Waldron in January.
LONDON (Reuters) -Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters, as a dispute worsens between members over compliance with production quotas. Oil prices hit a four-year low in April, dragged down by a U.S.-China trade war and an unexpected decision by OPEC+ to increase output by 411,000 barrels per day of oil in May - which was three times more than the group originally planned. Eight OPEC+ countries will meet on May 5 to decide the June output plan.
President Trump hinted at a trade war deescalation with China and said he has "no intention of firing" Fed Chair Jerome Powell, sending stocks soaring on Wednesday.
Powell, a speaker at Consensus 2025, sat down with CoinDesk to chat about his work on the blockchain capital platform, its expansion in Asia and Latin America, focus on bitcoin yield products, and more.
Tesla reported first quarter earnings after the bell on Tuesday that were short of estimates, but Elon Musk's plans to pare back his DOGE activities sent shares higher.
