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It’s the busiest week of the earnings season, and the five members of the Magnificent Seven are likely to set the tone for the rest of the market. The S&P 500 companies scheduled to be announced this week include Metaplatform, Apple, Amazon, Alphabet, Microsoft and more than 160 companies. Non-Big Tech companies scheduled to report earnings include General Motors and Robinhood. So far, the corporate reporting period has been strong. Of the roughly 140 S&P 500 companies that have reported earnings, 82% beat expectations, according to FactSet data. Always Eastern Time. Coca-Cola is scheduled to report earnings before the bell…
Berkshire Hathaway’s first annual meeting without Warren Buffett next weekend is shaping up to be a test of investor confidence in his successor, CEO Greg Abel, as shareholders look for signs of how the vast conglomerate plans to allocate its capital and what approach it will take when it comes to technology investments. The May 2 rally in Omaha will mark a historic shift, but Buffett will not be on stage. Instead, Abel and insurance chief Ajit Jain will lead an initial question-and-answer session, followed by a second panel that includes BNSF Rail CEO Katie Farmer, head of the Berkshire…
Dodgers’ Alex Beshear honored his wife Kayla and late daughter Sterling in his first game since his death.Kody Funderburk and Alicia Funderburk’s parenting journey didn’t start out as planned. In fact, the Minnesota Twins, who drafted the MLB pitcher in 2018, gave fans an update on the player’s family after he and his wife welcomed their first child, a girl named Murphy Joe. Her arrival came after Alicia was diagnosed with Hodgkin’s lymphoma during her pregnancy. “Fandy has returned from the paternity list,” the team wrote in the X on April 25, along with a photo of the couple at…
The busiest week of earnings season is here. But that’s not all investors have on their plate. There’s a Fed meeting, and a still-uneasy situation in the Middle east. Let’s get right into it. All estimates for revenue and earnings per share are sourced from LSEG. 1. Earnings Optical cable maker Corning kicks off our week Tuesday morning. Will we hear about another long-term supply agreement with a hyperscaler customer? It was the day before Corning’s fourth-quarter report in January that CNBC broke the news of Corning’s deal with Meta. CEO Wendell Weeks has said they’re working on other agreements,…
There isn’t enough money coming into this market. Funds will only flow to data center construction and a few other stocks. Even the most irrelevant “stories” in data centers, such as warehouse REITs and machinery stocks like Cummins and Dover, manage to survive if data center orders are healthy, but not much else. While the aerospace sector collapsed on expectations of a long war with Iran, the sector’s defense companies (RTX, GE Aerospace, Honeywell) performed badly. This shows that while the present remains strong, there is not enough money coming in to cushion the blow of an uncertain future. The…
Megan Thee Stallion is trying to find stability in her life following her split from Klay Thompson. After the “Rock Steady” rapper admitted to breaking up with the NBA star after claiming he cheated on her, Megan had an emotional moment at the Moulin Rouge on April 25! Performance in New York City. In a video circulating on social media, the 31-year-old, who plays Zidler in the Tony Award-winning musical, which runs for eight weeks on Broadway, can be seen crying on stage during the show’s curtain call. Still wearing her costume, the “Body” hitmaker (real name Megan Jovon Ruth…
Mohamed Salah became the latest player to suffer an injury just weeks before the World Cup, adding to the anguish for the team and supporters as Egypt return to the tournament after missing out on the tournament last time out.Salah sustained a hamstring injury during Saturday’s English Premier League match between Liverpool and Crystal Palace, and Egypt’s top football boss has confirmed that Salah will miss the remainder of the club’s season.Recommended stories list of 4 itemsend of listThe Egyptian talisman is not the only player to take a hit ahead of the world championships, joining a growing list of…
Regeneron Pharmaceuticals Regeneron CEO Leonard Schleifer told CNBC on Friday that the company plans to make its newly approved gene therapy for a rare genetic hearing loss available for free in the United States, but the company has not yet decided how much it will cost in other countries.”We haven’t decided on a price yet, but there should be a fair share of the cost outside the U.S.,” Schleifer said in an interview with CNBC’s Becky Quick. “We’re giving it away for free in the US.”Regeneron announced Thursday that it will make the treatment available for free in the U.S.…
Someone is offering an unusual deal on 13 acres of land in Mill Valley, just north of South Francisco. Homeowner and investment banker Storm Duncan created a LinkedIn page for the home, saying he would like to “trade it for stock in humanity.” According to a report in the San Francisco Standard, Duncan described this as a “diversification move” because it was “less focused on AI investments and too focused on real estate compared to the importance of AI in the future” and that Anthropic’s younger employees could be “in exactly the opposite scenario.” Mr. Duncan is asking potential buyers…
Two boys ride paddleboards in the sea while a boat is anchored near the coastline on April 22, 2026 in Bandar Abbas, Iran. Stringer | Getty Imagesbaker hughes Executives at an influential oilfield services company said Friday they were working under the assumption that the Strait of Hormuz may not fully reopen for months. Baker’s financial guidance assumes the U.S.-Iranian conflict will last until the end of June and that the Strait may not be fully operational until the second half of this year, Chief Financial Officer Ahmed Moghal told investors on the company’s first-quarter earnings call. “Ultimately there is…