'Steadiest ship in a brewing macro storm': Why Wall Street is bullish on Meta ahead of first-quarter earnings
Heading into Meta's Q1 earnings, analysts are watching for key updates on AI initiatives, Instagram Reels, and growth in ad spending.
Heading into Meta's Q1 earnings, analysts are watching for key updates on AI initiatives, Instagram Reels, and growth in ad spending.
(Reuters) -The dramatic shift in U.S. domestic and foreign policy since President Donald Trump returned to the White House on January 20 has sent shockwaves across global financial markets. Trump's multi-front trade war and constant flip-flops on tariffs have upended supply chains, clouded business outlooks and stoked fears of a recession in the U.S. The S&P 500 has lost nearly 8% since his January 20 inauguration. Data analytics provider Palantir, which works with the Department of Homeland Security, has surged nearly 60% since Trump came into power as the Department of Defense prioritizes a new software acquisition effort to enhance the U.S. military.
Major U.S. stock indexes were higher at midday as markets awaited more information about potential White House tariff deals.
Wells Fargo said on Tuesday that its board had authorized a stock buyback program of up to $40 billion.
Sherwin-Williams exceeded earnings expectations on higher prices and lower costs, although revenue missed estimates.
Novo Nordisk launched access to its popular weight loss GLP-1 drug, Wegovy, through multiple telehealth platforms, including Hims & Hers.
Honeywell International exceeded first-quarter earnings and revenue estimates as two of its units posted sales gains.
LONDON (Reuters) -The United States and China are unlikely to see a rapid hit to their credit ratings from a trade war, S&P Global's top sovereign analyst has said, with damage more likely concentrated on poorer countries and those already on downgrade warnings. S&P reaffirmed its "stable" outlook on its AA+ U.S. sovereign credit rating days before President Donald Trump announced his sweeping round of global trade tariffs in early April. It cited the U.S.' near 100%-of-GDP government debt level and a fiscal deficit running at 6%-7% of GDP as its key credit weaknesses, while it also pointed to the significant uncertainty around Trump's trade moves and other policies.
The US stock market is on track for its worst first 100 days of any presidential term since President Gerald Ford assumed office in 1974.
Qualcomm reinstated, Arista upgraded: Wall Street's top analyst calls