Business news

Business news • Apr 29

Spirit Airlines rescue effort frustrates an industry waiting for it to fail

That's not an ideal outcome for the Trump administration, however. With the U.S. midterm elections looming, the White House hopes to avoid a messy...

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Business news • Apr 29

Alphabet Sales Beat Estimates on Google Cloud, AI Customers

Alphabet Inc. reported high demand for its cloud and artificial intelligence offerings, boosting shares and giving investors confidence that its...

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Business news • Apr 29

Powell plans to remain on Fed board, cites legal actions by Trump administration

Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the...

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Business news • Apr 29

Why Alphabet’s stock is the standout gainer on Big Tech’s monster earnings day

Alphabet, Amazon.com, Meta Platforms and Microsoft all beat earnings expectations on Wednesday, but investors are cheering Alphabet's momentum the most.

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Business news • Apr 29

United Airlines pilot reports possible drone collision 3,000 feet over San Diego

A United Airlines pilot arriving in San Diego on Wednesday morning reported encountering a drone thousands of feet in the air as the plane approached the...

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Business news • Apr 29

Meta earnings recap: Revenue beat estimates but stock tumbles as capex expected to reach up to $145B

Meta delivered a Q1 beat, with revenue of $56.3 billion that topped Wall Street estimates — but Wall Street looked spooked by rising capex spending.

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Business news • Apr 29

Microsoft Beats Fiscal Q3 Views On Cloud Computing, AI Strength

Microsoft beat Wall Street's targets for its fiscal Q3, thanks to strong AI and cloud computing business. Microsoft stock rose late.

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Business news • Apr 29

OpenAI trial recap: Musk cross-examination gets heated with Altman's lawyer on day 3

Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.

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Business news • Apr 29

Chipotle reports surprise quarterly sales rise as menu refresh lifts demand

Chipotle Mexican Grill posted a surprise rise in first-quarter ‌comparable sales on Wednesday, as the burrito chain's cheaper offerings and revamped menu...

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Business news • Apr 29

Dow surges nearly 800 points, S&P 500 posts first close above 7,200 and best month since 2020: Live updates

Investors digested the latest quarterly reports from Amazon, Alphabet and other Magnificent Seven giants.

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Business news • Apr 29

Microsoft Expects Headcount to Decrease in Coming Quarters

Microsoft reported earnings on Wednesday, and CFO Amy Hood gave new forecasts, including a new outlook on headcount at the company.

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Business news • Apr 29

Alphabet Stock Jumps on Strong Earnings Report. It’s All About the Google Cloud.

Google-parent Alphabet reported strong first-quarter earnings results on Wednesday afternoon. Its stock was rising in after-hours trading.

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Business news • Apr 29

Stocks Hold Gains After Economic Data as Oil Falls: Markets Wrap

Signs of strength in the world's largest economy fueled investor optimism about the outlook for Corporate America's earnings, driving stocks to their best...

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Business news • Apr 29

Amazon Stock Bounces Back Following Positive Chip Demand Comments

Amazon.com stock was rising after initially losing ground in after-hours trading Wednesday following an earnings and revenue beat, as well as positive...

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Business news • Apr 29

Here's How Much Traders Expect Apple Stock to Move After Earnings

Apple is slated to release its quarterly results Thursday to wrap up a busy week of Big Tech earnings.

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Business news • Apr 29

Tech giants’ results show rosy outlook for AI boom and US stock market

Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern.

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Business news • Apr 29

Dow Slips, Oil Touches Wartime Highs With Iran Conflict Threatening Higher Inflation

The Dow Jones Industrial Average slipped, bond yields rose and energy prices touched wartime highs as Jerome Powell took the podium for the last time as...

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Business news • Apr 29

More diners are eating at Chipotle despite higher prices, bucking Wall Street’s concerns about restaurants

Chipotle Mexican Grill's quarterly earnings results on Wednesday showed that consumers were still willing to dine out despite a surge in gas prices last...

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Business news • Apr 29

Alphabet tops Q1 estimates on strong Google Cloud growth

Google parent Alphabet (GOOG, GOOGL) reported its first quarter results on Wednesday, beating on the top and bottom lines, on strong cloud growth.

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Business news • Apr 29

Talks to bail out Spirit Airlines stall as company teeters toward collapse

Spirit Airlines only has enough available cash to continue operations for a matter of days, not weeks, and talks for a government-backed rescue of the...

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