Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the morning session after CEO Elon Musk announced plans to limit his involvement at the Department of Government Efficiency, suggesting a shift in focus toward his business ventures, especially Tesla. Musk added during the Q1 2025 earnings, "I think starting probably in next month, May, my time allocation to DOGE will drop significantly."
Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 12.1% in the morning session after the company reported impressive first-quarter 2025 results, which blew past analysts' revenue and EPS expectations. Sales jumped 48% year on year on a reported basis, and every business unit contributed, with the Communications Solutions segment doubling sales. Looking ahead, its EPS guidance for next quarter outperformed Wall Street's estimates by a wide margin. Zooming out, we think this q
Shares of supply chain optimization software maker Manhattan Associates (NASDAQ:MANH) jumped 11.4% in the morning session after the company reported first-quarter 2025 results that significantly exceeded analysts' expectations across revenue, EPS, and EBITDA. The key highlight for the quarter was a 25% increase in remaining performance obligations, a forward-looking measure that signals sustained demand for its cloud products.
Shares of equipment distributor Watsco (NYSE:WSO) fell 8.5% in the afternoon session after the company reported underwhelming first-quarter 2025 results. Its revenue missed significantly, and its EBITDA fell short of Wall Street's estimates. Sales fell modestly, and operating income declined by a wider margin as the business was hit by slow demand in new housing and overseas markets. Overall, this was a weaker quarter.
(Bloomberg) -- Traders have long known Donald Trump intended to use tariffs as a tool for economic policy. Citigroup Inc., a year ago, even offered up a handy framework for trading potential levies on China.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease Sout
Big Tech is preparing for its first earnings since Trump launched his global trade war.
Wall Street staged a sharp rebound Wednesday as easing trade tensions, potential tariff cuts on Chinese imports, and a more market-sensitive tone from the White House helped reverse the "sell America" trade.
Shares of Philip Morris International set an all-time high Wednesday after the tobacco giant topped first-quarter estimates and lifted its full-year profit outlook.
President Trump and his team have been aggressive in touting ambitious efforts to strike trade deals. The claims helped spur a market boost but haven’t yet been backed with concrete signs of progress.
Chip stocks including Nvidia and Broadcom rose sharply Wednesday, a day after President Donald Trump reportedly said the administration's tariffs on China "will come down substantially."