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Apple revenue tops Wall Street expectations but Services division disappoints

by CNBC Markets | May 2, 2025 2:04 am | US Markets

Wall Street is highly anticipating CEO Tim Cook’s first public comments on how Apple will navigate rapidly-shifting tariffs proposed by the Trump administration. 

Amazon falls short on cloud revenue for third straight quarter

by CNBC Markets | May 2, 2025 2:04 am | US Markets

Amazon continues to invest in infrastructure to run artificial intelligence models from Anthropic and other clients.

Reddit shares rocket as high as 19% on strong sales and guidance

by CNBC Markets | May 2, 2025 2:04 am | US Markets

Shares of Reddit rose as high as 19% in after-hours trading after the social media company reported strong revenue and guidance on Thursday.

Amazon’s ad business grew 19% in first quarter, topping estimates

by CNBC Markets | May 2, 2025 2:04 am | US Markets

Revenue in Amazon’s online ad business, which has emerged as a force in digital advertising, increased 19% in the first quarter.

Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China

by CNBC Markets | May 2, 2025 1:04 am | US Markets

President Donald Trump is reportedly working on updating the chip restrictions, adding another layer of uncertainty to the already contentious policy.

Trump says any country that buys oil from Iran will not be allowed to do business with U.S.

by CNBC Markets | May 2, 2025 1:04 am | US Markets

The Trump administration believes Iran is trying to build a nuclear bomb, an allegation that the Islamic Republic has denied.

Jobs report Friday to provide important clues on where the economy is heading

by CNBC Markets | May 2, 2025 1:04 am | US Markets

A downside surprise could be perilous for the market considering the recent spate of bad economic news and the prevailing angst over tariffs.

Trump to nominate national security advisor Mike Waltz as UN ambassador

by CNBC Markets | May 2, 2025 1:04 am | US Markets

Trump said that Secretary of State Marco Rubio would serve as interim national security advisor until a permanent replacement for Waltz is selected.

CoreWeave surges after top customer Microsoft reaffirms spending plans

by CNBC Markets | May 2, 2025 12:03 am | US Markets

CoreWeave clients Meta and Microsoft indicated they’re not backing down on capital expenditures despite President Trump’s plan for sweeping tariffs.

Goldman adds J&J to its ‘conviction list.’ Here’s who else is on it

by CNBC Markets | May 1, 2025 11:04 pm | US Markets

Goldman Sachs updated its conviction list for May.

Microsoft raises prices of Xbox video game consoles due to ‘market conditions’

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

A month after President Trump announced new tariffs on imports into the U.S., Microsoft is citing higher video game development costs for an increase in prices.

Trump national security advisor Mike Waltz expected to leave post after Signal scandal

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

Defense Secretary Pete Hegseth faces a Pentagon watchdog investigation over use of the Signal app to share details of planned military strikes in Yemen.

Anthropic’s Claude can now generate invoices on PayPal and analyze sales on Square

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

Anthropic announced a set of integrations on Thursday that allow its Claude AI service to take actions on a user’s behalf.

Amazon reports first-quarter earnings after the bell

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

Amazon is releasing its first earnings results since President Donald Trump announced sweeping new tariffs.

Apple reports second-quarter earnings after the bell

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

Neither Apple nor CEO Tim Cook have publicly commented on the hefty tariffs President Donald Trump announced for every country around the world on April 2.

L3 Harris tapped to modify Qatari jet as potential new Air Force One after years of Boeing delays

by CNBC Markets | May 1, 2025 10:05 pm | US Markets

L3Harris Technologies has been contracted to modify a used Qatari Boeing 747 as a possible replacement for Air Force One.

Automakers report significant April sales increases amid tariff fear-buying, but the good times may not last

by CNBC Markets | May 1, 2025 9:06 pm | US Markets

The tariff fear-buying began in late-March and continued into April, but slowed toward the end of the month.

Jefferies says the rest of Wall Street is wrong about these stocks it likes

by CNBC Markets | May 1, 2025 8:05 pm | US Markets

Here are the firm’s contrarian stock picks.

Musk says ‘eyebrow raiser’ $2.5 billion Fed building expansion should be subject to scrutiny

by CNBC Markets | May 1, 2025 8:05 pm | US Markets

As he exits his efforts to curtail wasteful government spending, Elon Musk takes one last shot.

Eli Lilly CEO says company can help ‘respond’ to national security concerns around essential drugs as tariffs loom

by CNBC Markets | May 1, 2025 7:04 pm | US Markets

Ricks said reshoring manufacturing capacity for older essential medicines is “a valid thing,” adding that Eli Lilly is “happy to help.”
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