MARKETS

Nasdaq, S&P 500 Rise as Powell Probe Ends and Intel Jumps

Powell investigation ends and the Fed story gets cleaner U.S. stocks split on Friday after the Department of Justice dropped its criminal investigation into Federal Reserve Chair Jerome Powell, removing one of the bigger political overhangs hanging over the central

Warner Bros. Investors Approve $110 Billion Paramount Skydance Deal

What Happened Warner Bros. Discovery (WBD) shareholders approved the company’s $110 billion sale to Paramount Skydance (PSKY), moving one of the biggest media deals in recent memory another step closer to completion. According to the company, stockholders voted overwhelmingly in

Europe’s New Energy Shock Has Already Cost $28 Billion

What Happened The European Union is moving into emergency mode again after another sharp energy shock, this time tied to the Iran war and the disruption it has caused across global oil and gas markets. According to the source, the

Netflix Stock Falls After Weak Forecast and Reed Hastings Exit

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

Morgan Stanley Beats Q1 Estimates as Trading Revenue Surges

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

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