News

Lifting and material handling equipment company Terex (NYSE:TEX) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 4.9% year on year to $1.23 billion. On the other hand, the company’s full-year revenue guidance of $5.4 billion at the midpoint came in 2.2% above analysts’ estimates. Its GAAP profit of $0.31 per share was 29.7% below analysts’ consensus estimates.

Wall Street's main indexes advanced on Friday, as signs of a de-escalation in the trade war with China and a strong jobs report calmed concerns around the economic toll of tariffs. Beijing said on Friday it was "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's 145% tariffs on China. The tit-for-tat tariffs between the world's two largest economies have kept investors on edge, with both sides unwilling to be seen backing down in a trade war that has roiled global markets.

HOUSTON (Reuters) -Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. The buyback figure puts Exxon on track to meet its annual share repurchase goal of $20 billion. The energy sector has faced a tumultuous start to the year after U.S. President Donald Trump's global tariff announcements stoked recession fears.

Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.

Pharmaceutical company Amneal Pharmaceuticals (NASDAQ:AMRX) missed Wall Street’s revenue expectations in Q1 CY2025, but sales rose 5.5% year on year to $695.4 million. On the other hand, the company’s full-year revenue guidance of $3.05 billion at the midpoint came in 0.8% above analysts’ estimates. Its non-GAAP profit of $0.21 per share was 43.2% above analysts’ consensus estimates.

At the Token2049 cryptocurrency conference in Dubai on April 30, Arthur Hayes, the co-founder of the crypto exchange BitMEX, made a bold prediction about the future of Bitcoin (CRYPTO: BTC). "Don't worry," Hayes said, "Bitcoin is going to $1 million by 2028." Could Hayes be right?

HOUSTON (Reuters) -Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company's share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in the lower end of the company's guidance of $10 billion to $20 billion. Shares of Chevron fell 2% in pre-market trading on Friday.