The S&P 500 ticked 0.1% higher on Thursday, April 17, wrapping up a shortened week that focused on earnings and the Federal Reserve chair's comments on likely tariff impacts.
Netflix reported first-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday.
(Bloomberg) -- President Donald Trump said he could force out Federal Reserve Chair Jerome Powell, rebuking the notion that the US central bank is independent, and vented frustration that monetary policymakers had not recently cut interest rates.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Administration Takes Over New York Penn Station RevampHow Did This Suburb Figure Out Mass Transi
Streaming video giant Netflix (NASDAQ: NFLX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 12.5% year on year to $10.54 billion. The company expects next quarter’s revenue to be around $11.04 billion, slightly above analysts’ estimates. Its GAAP profit of $6.61 per share was 16.8% above analysts’ consensus estimates.
(Bloomberg) -- It was an unexpected, if improbable relief. The panic unleashed by Donald Trump’s trade war, which convulsed financial markets around the globe and sowed doubts about America’s standing in the world, died down nearly as quickly as it began.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceDOGE Places Entire Staff of Federal Homelessness Agency on LeaveHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedNashvill
US stocks were mixed Thursday as President Donald Trump touted trade deal progress with Europe and China and investors digested a threat from the president to fire Federal Reserve Chair Jerome Powell.
The media company majority owned by President Donald Trump, Trump Media & Technology Group, said on Thursday it had asked the U.S. Securities and Exchange Commission (SEC) to investigate a recent short position in its stocks. Hedge fund Qube Research & Technologies disclosed a roughly $105 million short position in Trump Media on Monday, according to a filing with Germany's federal Gazette Bundesanzeiger. Trump Media, which is 53% owned by Trump and is the parent company of the Truth Social platform, said in a memo sent to the SEC on Thursday it was concerned Qube's short positions could involve "suspicious activity."
An earnings miss by UnitedHealth Group dragged down the Dow.
Kraken, one of the world's largest cryptocurrency exchanges, is reorganizing its workforce by reducing some positions and consolidating teams where redundancies exist, while continuing to hire in key areas, a company spokesperson said on Thursday. Last year, Kraken appointed Arjun Sethi as co-CEO and announced a 15% reduction in its workforce, impacting about 400 employees. This follows the U.S. Securities and Exchange Commission's dismissal of a civil lawsuit in March, which had accused Kraken of operating illegally as an unregistered securities exchange.
Warsh has advised against trying to fire Powell, arguing that Trump should let the Fed chair complete his term without interference, the Journal reported, citing unnamed people familiar with the matter. The report comes the same day that Trump has repeatedly lashed out at Powell, whose term as Fed chair expires in May 2026.
