News

Fed outlook in focus as US stocks rally picks up steam

NEW YORK (Reuters) -The Federal Reserve meeting in the coming week is set to test the U.S. stock market's sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead. During the rally, stocks have erased the slump set off by President Donald Trump's sweeping tariffs. The S&P 500 was last little changed since April 2, when Trump's "Liberation Day" tariff announcement sent stocks plunging and led to some of the market's most volatile swings in 50 years.

BrightSpring Health Services (NASDAQ:BTSG) Beats Expectations in Strong Q1, Stock Soars

Healthcare services provider BrightSpring Health Services (NASDAQ:BTSG) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 11.7% year on year to $2.88 billion. The company’s full-year revenue guidance of $12.25 billion at the midpoint came in 2.5% above analysts’ estimates. Its non-GAAP profit of $0.19 per share was significantly above analysts’ consensus estimates.

No Fed Cuts Until September Despite Rising Risks, Economists Say

(Bloomberg) -- Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s MTA to Cut Costs Instead of Borrowing More to Fund UpgradesNYC’s Congestion Toll Raised $159 Million in the First QuarterEconomists see a darkening outlook for the US economy but are sticking by projections for two interest-rate cuts from the Federal Reserve this year.

5 Must-Know Risks Before You Buy Bitcoin in May

Despite rising more than 40,000% in the past decade, Bitcoin still faces notable risks that investors can’t overlook. Bitcoin challenges the current monetary system, so there will always be a risk that major governments intervene to prevent the crypto’s adoption. If Bitcoin fails at successfully scaling up to drive faster and cheaper transactions, it might not reach its full potential.

Interface’s (NASDAQ:TILE) Q1 Earnings Results: Revenue In Line With Expectations, Stock Soars

Modular flooring manufacturer Interface (NASDAQ:TILE) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 2.6% year on year to $297.4 million. The company expects next quarter’s revenue to be around $360 million, coming in 1.9% above analysts’ estimates. Its non-GAAP profit of $0.25 per share was 19% above analysts’ consensus estimates.