timef 04/30/2025

Snap shares fell after the social media company didn't share second-quarter guidance due to the uncertain macroeconomic environment.

President Donald Trump blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter.

Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs.

Etsy shares jumped in premarket trading on Wednesday after the company posted better-than-expected revenue for the first quarter.

Mortgage rates didn't move much last week, and neither did homebuyers who are less concerned with rates and more worried about their finances and their jobs.

Microsoft President Brad Smith says the U.S. tech giant is committed to respecting European laws — even though it may not always agree with them.

The figure was ahead of the 0.2% forecast in a Reuters poll of economists, and comes amid severe tariff headwinds.

The 47-year-old SPD veteran is also set to serve as vice-chancellor.

A Reuters poll had projected 0.2% growth from the previous quarter.

Trump definitely brought a lot of shock in the first 100 days of his presidency, but it can hardly be said to have left anybody impressed. 

Auto giant Stellantis on Wednesday said it was withdrawing its full-year financial guidance due to uncertainties regarding the impact of U.S. President Donald Trump's back-and-forth trade policy.

British bank Barclays on Wednesday reported slight beats on revenue and profit, boosted by stronger investment bank performance.

"The modern financial system is broken, it's slow, it's expensive," the executive vice president of the Trump Organization told CNBC.

Europe's biggest carmaker reported operating profit of 2.9 billion euros ($3.3 billion) for the first three months of the year.

"I think the U.K. will get it right — but there is a risk if you get it wrong that you drive innovation to other markets," Coinbase's U.K. head told CNBC.

UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe's largest bank amid sweeping U.S. tariffs.

China's tech world isn't getting distracted by whether the U.S. and China will talk on trade.

Investors have been piling into emerging market bonds amid a U.S. Treasury sell-off whose status as a safe haven has comes under investor scrutiny.

This was higher than the Reuters expectations of a 2.3% climb, and unchanged than the 2.4% rise in the last quarter of 2024.

Recent reports suggested some tariff relief on the ground as the U.S. and China sought to blunt the economic impacts of punitive tariffs.

Trump may have wanted his first 100 days to be historic — they might well be, but for all the wrong reasons.  

The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%.

It comes after Alphabet CEO Sundar Pichai said the company is exploring personal ownership of vehicles with Waymo technology.

Super Micro blamed lower-than-expected preliminary results on decisions from clients during the quarter.

Shares of Starbucks have fallen 8% this year, as investors worry about tariffs and how they will affect consumer spending.

Snap did not offer an outlook for the second quarter, citing macroeconomic uncertainties.

Lutnick said a trade deal is "done, done, done, done" but declined to say which country he was talking about.

Bessent's comments come after Vice President JD Vance met last week with India's prime minister Narendra Modi.

Fintech stocks moved higher Tuesday following a wave of earnings and analyst calls. Shift4 Payments, Upstart and PayPal each saw gains.

It comes as drugmakers brace for Trump's levies on pharmaceuticals imported into the U.S. – his administration's bid to boost manufacturing in the country. 

Amazon said Tuesday it considered displaying import charges on items sold via its site for ultra-discount items, but that the plan "was never approved and not going to happen."

U.S. crude oil prices have fallen more than 20% since Trump took office, to below $65 per barrel, making it unprofitable for many companies to drill.

Meta Platforms is launching a stand-alone artificial intelligence app and going head-to-head with OpenAI maker ChatGPT.

U.K. Finance Minister Rachel Reeves on Tuesday announced plans for a "comprehensive regulatory regime for crypto assets."