Tesla misses on revenue but beats on profit as auto margins jump
Tesla's stock has underperformed all of its megacap peers so far this year as global competition ramps up in the electric vehicle market.
IBM shares drop as company beats but opts to maintain guidance
Investors have been attuned to mainframe disruption threats from artificial intelligence, but IBM posted 51% growth in Z mainframe hardware revenue.
ServiceNow stock sinks 14% as subscription revenue takes hit from Iran war
The software company beat expectations for earnings and revenue as it continued to expand its artificial intelligence offerings.
Virginia judge blocks redistricting referendum result that boosted Democrats' election hopes
Virginia voted by a slim margin on Tuesday to approve U.S. House district maps that could allow Democrats to flip four seats in the state this November.
SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb
SK Hynix posted yet another quarter of record profit and revenue, as prices for its products continue to surge amid strong AI demand.
U.S. Navy Secretary John Phelan leaving Trump administration: Pentagon
Secretary of the Navy John Phelan is leaving the Trump administration "effective immediately," a spokesman for the Department of Defense said.
Kevin Warsh gave his preferred way for measuring inflation. It could come back to bite him
But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.
Lululemon names former Nike exec Heidi O'Neill as new CEO
Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.
Mortgage rates sink again, and homebuyers jump back in
Mortgage demand continues to rebound as rates move slightly lower.
Trump recounts Tim Cook call to 'kiss my ass,' in stark look at White House dealmaking
Tech executives from Amazon, Apple, Google and Meta have dined with Trump and donated millions to his inauguration fund and the White House ballroom.
Kalshi suspends, fines 3 congressional candidates in 'insider trading' enforcement actions
The incidents involved a candidate from Virginia seeking a Senate seat and candidates running for House seats from Minnesota and Texas.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
The airline reported that revenue in its first-quarter period rose nearly 13% to $7.25 billion.
IBM CEO Krishna says Iran, other uncertainty is weighing on company's outlook
IBM CEO Arvind Krishna said he expects others to quickly catch up to the power and performance of Anthropic's Mythos AI model.
Bessent says 'many' U.S. allies have asked for currency swaps amid Iran war turbulence
The White House on Tuesday said the UAE had not requested a currency swap line.
Pirro says DOJ won't drop Fed probe, will appeal judge's order blocking Powell subpoenas
Powell has accused the DOJ of targeting him for refusing to obey Trump's demand that the Fed sharply lower interest rates.
BMW says it has no intention of dropping sedans, even as some rivals cut back
The BMW 7-Series gets one of the most extensive updates any model has received in company history, according to BMW. It will be the first to spearhead
RFK Jr. says he would support a potential ban on junk food TV ads
A ban on TV junk food ads would likely draw fierce backlash from major food manufacturers.
We're adding a speculative stock to our Bullpen that can benefit from the AI data center boom
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Rivian hits production milestone for R2 EV ahead of customer deliveries
Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois.
Chubb's earnings blew past the Street. Here's why the stock is falling
Instead of focusing on those numbers, investors are spooked by signs of a softening property insurance market, with competition increasing and rates declining.
Trump administration in advanced talks for Spirit Airlines rescue package, sources say
The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.
Strait of Hormuz remains basically closed as Iran seizes ships after Trump ceasefire extension
Ship traffic in the Strait of Hormuz is still way below normal levels before the war when more than 100 vessels crossed daily.
These stocks are signaling the return of the market's 'Animal Spirits'
Thief who swiped purse of ex-DHS chief Kristi Noem gets 3 years in prison
The man, Chilean national Mario Bustamante Leiva, "came to Washington illegally to prey on citizens of the District," said U.S. Attorney Jeanine Pirro said.