What Happened Kevin Warsh, President Trump’s pick to lead the Federal Reserve, told senators that he would not serve as a political proxy for the White House, pushing back against concerns that he would simply carry out Trump’s demand for
What Happened Microsoft (MSFT) said it is cutting the price of two major Xbox Game Pass tiers, a move that stands out because it goes directly against the broader direction of the gaming and subscription markets. The company said Game
What Happened Oil prices jumped sharply on Monday after a chaotic weekend in the Middle East ended with the U.S. Navy seizing an Iranian-flagged cargo ship and Iran insisting that the Strait of Hormuz remains closed. Brent crude climbed more
What Happened Eli Lilly said it will acquire biotech company Kelonia Therapeutics in a deal worth up to $7 billion, giving the drugmaker a bigger foothold in next-generation cell therapy and cancer treatment. Lilly said it will pay $3.25 billion
What Happened Netflix (NFLX) fell sharply in premarket trading after investors focused on weaker-than-expected second-quarter guidance, even though the company posted a stronger-than-expected first quarter. The streaming company also said co-founder Reed Hastings plans to leave the board in June
What Happened Anthropic released Claude Opus 4.7 as its latest generally available model, positioning it as an improvement over Opus 4.6, particularly in advanced software engineering and harder coding tasks. On paper, that sounds like the kind of product update
What Happened Gold gave back most of its early gains as traders weighed signs of progress on a U.S.-Iran truce against the reality that the Strait of Hormuz remains effectively shut. Bullion initially moved higher, but sentiment turned more mixed
What Happened Tesla (TSLA) dipped in early trading, but the stock was still on track to finish the week higher and potentially break an eight-week losing streak. The main shift in sentiment appeared to come from the company’s chip roadmap.
What Happened Oil flipped between gains and losses as the market tried to balance two conflicting forces: signs of tighter U.S. supply and fresh hopes that the U.S. and Iran could keep talking long enough to extend the current ceasefire.
What Happened Morgan Stanley reported a strong first quarter, beating analyst expectations on both the top and bottom lines as its trading desks delivered much stronger-than-expected results. The bank posted earnings of $3.43 per share, above the $3.00 estimate, while
What Happened Kevin Warsh, President Trump’s pick to lead the Federal Reserve, told senators that
What Happened Microsoft (MSFT) said it is cutting the price of two major Xbox Game
What Happened Oil prices jumped sharply on Monday after a chaotic weekend in the Middle
What Happened Eli Lilly said it will acquire biotech company Kelonia Therapeutics in a deal
What Happened Netflix (NFLX) fell sharply in premarket trading after investors focused on weaker-than-expected second-quarter
What Happened Anthropic released Claude Opus 4.7 as its latest generally available model, positioning it
What Happened Gold gave back most of its early gains as traders weighed signs of
What Happened Tesla (TSLA) dipped in early trading, but the stock was still on track
What Happened Oil flipped between gains and losses as the market tried to balance two
What Happened Morgan Stanley reported a strong first quarter, beating analyst expectations on both the
