Shares of Netflix tumbled on Friday after the streaming giant issued weaker-than-expected guidance for the current quarter, overshadowing a strong first-quarter earnings beat and triggering a sharp selloff in premarket trading. The stock fell about 10.53% to $96.44 after the market opened on Friday, even as broader market sentiment improved on easing geopolitical tensions. The
Brent crude oil prices plummeted more than 10% to slip below $90 per barrel on Friday on increasing hopes that the US and Iran would strike a peace deal. Brent crude fell below $90 per barrel for the first time since March 11 as the US and Iran prepared for more talks during the weekend,
Shares of Tesla advanced in early trading on Friday, putting the stock on track to end an extended losing streak as investor sentiment improved ahead of earnings and on easing geopolitical concerns. The stock rose 1.6% to $392.00, extending a recent rebound that has seen shares climb about 13% over the past five days. The
Morgan Stanley (NYSE: MS) is inching higher on Wednesday after the Wall Street giant reported record-breaking first-quarter results that blew past analyst expectations. The financial services stock is rallying today as investors cheer a massive resurgence in investment banking and double-digit growth in its flagship Wealth Management division. Despite a complex global backdrop, the firm
PepsiCo is set to report its first-quarter earnings on Thursday, with investors closely watching whether the company can sustain growth momentum while navigating persistent cost pressures and uneven demand trends across key segments. The food and beverage giant is expected to post earnings of $1.55 per share for the quarter, representing a 4.7% increase from
War in the Middle East could trigger a massive $58 billion bill for repair and restoration of energy-linked infrastructure, according to a new analysis from Rystad Energy. The cost for oil and gas facilities alone is estimated to potentially reach $50 billion. “This is no longer just a story about damaged facilities in the Gulf.
Tilray Brands stock price has moved sideways in the past few weeks as momentum in the cannabis industry waned. It was trading at $6.90, down by over 70% from its highest level last year. Still, technical analysis suggests that the TLRY stock may be on the cusp of a rebound. Tilray Brands stock on edge
Bank of America (NYSE: BAC) is extending gains on Apr. 15 after reporting Q1 results that blew past Street estimates, fueled by a resurgence in investment banking and resilient consumer activity. Investors cheered as it posted a 25% year-over-year increase in earnings per share (EPS) and a surprise beat in net interest income (NII), which
Mortgage rates in the United States eased to their lowest level in a month last week, offering some relief to borrowers and driving a pickup in refinancing activity, even as demand from homebuyers remained subdued against a backdrop of economic uncertainty and geopolitical tensions. Data from the Mortgage Bankers Association showed total mortgage application volume
Oil prices edged higher on Wednesday after steep losses in the previous session amid uncertainty about the resumption of flows from the Strait of Hormuz. Meanwhile, gold had hit a near one-month high on COMEX earlier in the day, but the precious metal fell slightly amid a rise in energy prices. Silver prices also dipped