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IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 6 minutes ago

IBM

HCP
Stocks open lower on US GDP print, tech earnings

The major stock market averages (^DJI, ^IXIC, ^GSPC) are opening Thursday lower on the first-quarter GDP print and Big Tech stocks earnings results. The Morning Brief's Seana Smith and Brad Smith monitor the market action after the opening bell, while Senior Markets Reporter Jared Blikre takes a closer look at these stocks' performance entering the morning session: Altria Group (MO), Caterpillar (CAT), and Southwest Airlines (LUV). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 12 minutes ago

CAT

MO

^GSPC
Meta stock slides over 12% after second quarter outlook disappoints

Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.

Yahoo Finance 4 hours ago

META

GOOG
Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Chipotle posted another strong quarter against a difficult macro backdrop.

Yahoo Finance 16 hours ago

CMG

MCD
Meta is out-executing its peers on generative AI: Analyst

Meta Platforms (META) posted first-quarter earnings results above analyst estimates, posting adjusted earnings of $4.71 per share and $36.46 billion in revenue. Meta shares plummeted by over 10% after releasing earnings after Wednesday's market close, many experts attributing this reaction to the social media giant's second-quarter outlook. Roth MKM Managing Director and Senior Research Analyst Rohit Kulkarni comes on Market Domination Overtime to talk about what could become Meta's next big revenue driver, noting the tech company's strides in generative AI compared to other competitors in the Magnificent Seven. "The reason I say that is they have re-created the entire ad stack that has about 10 to 15 million customers which are advertisers, so the scale of improvement that those advertisers will get with gen AI improvements is going to be amplified and that's going help with the fundamentals," Kulkarni explains. Kulkarni goes on to discuss Meta's social media opportunities if TikTok parent company ByteDance does not comply with the United States' legislative ultimatum signed by President Biden earlier today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 16 hours ago

META
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic and Inflection

The U.K.'s Competition and Markets Authority (CMA) is launching preliminary enquiries into whether the close-knit tie-ups and hiring practices involving Microsoft, Amazon and a trio of AI startups falls within the scope of its merger rules — and whether the arrangements could impact competition in the U.K. market. The announcement comes amid growing scrutiny of Big Tech's approach to M&A in the world of AI, where critics argue that the so-called "quasi-merger" has emerged as the flavor of the da

TechCrunch 19 hours ago

MSFT
Meta's Q1 earnings: What investors should watch for

Meta Platforms (META) is gearing up to report its first quarter earnings results after the market close on Wednesday. Ahead of this highly anticipated earnings release, Yahoo Finance's Madison Mills discusses the tech giant's past earnings performance and what investors should expect from Meta's Q1 earnings report— particularly concerning the potential impact of artificial intelligence and advertising revenue. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Yahoo Finance Video 23 hours ago

META
Q1 2024 ServiceNow Inc Earnings Call

Q1 2024 ServiceNow Inc Earnings Call

Thomson Reuters StreetEvents 48 minutes ago

NOW
Union Pacific Corp (UNP) Q1 2024 Earnings: Marginal Gains Amid Market Challenges

Performance Edges Past Analyst Expectations with Strategic Operational Improvements

GuruFocus.com 54 minutes ago

UNP
Bristol-Myers Squibb Co (BMY) Q1 2024 Earnings Report: A Detailed Overview

Challenges and Strategic Initiatives Amidst Revenue Growth and Analyst Expectations

GuruFocus.com 54 minutes ago

CELG-RT
Royal Caribbean Climbs In Buy Zone, Hikes Outlook On Strong Demand

Royal Caribbean hiked its full-year earnings outlook after Q1 results cleared forecasts. RCL stock advanced higher in a buy zone.

Investor's Business Daily 59 minutes ago

RCL

NCLH
US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh

U.S. stocks were poised to open sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 16% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue.

Reuters 1 hour ago

^TNX

^GSPC

IBM
EU court adviser backs data privacy activist Schrems in Meta fight

Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data. The adviser's opinion is non-binding, but judges at the Luxembourg-based Court of Justice of the European Union (CJEU), follow the majority of such recommendations. Schrems, who has repeatedly sued Meta for alleged breaches of the EU's privacy law known as the General Data Protection Regulation (GDPR), took his grievance to an Austrian court, saying he regularly received advertisements directed at homosexuals.

Reuters 1 hour ago

META
Alphabet's (NASDAQ:GOOGL) investors will be pleased with their stellar 171% return over the last five years

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

Simply Wall St. 1 hour ago

GOOG
We Think Merck (NYSE:MRK) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Simply Wall St. 1 hour ago

MRK
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight. Shipping volume was down 1% in the quarter. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service and operational excellence,” CEO Jim Vena said.

Associated Press Finance 1 hour ago

UNP
Dow Jones Dives 650 Points On Weak GDP Data; Meta Plunges 16% On Earnings

Stock Market Today: The Dow Jones dived 650 points on weak GDP data. Meta stock plunged on earnings, while Google and Microsoft report next.

Investor's Business Daily 12 minutes ago

^DJI

GOOG

^RUT
Pepsi Tops Estimates Despite A Weakened Domestic Market

On Tuesday, Pepsi Co Inc (NASDAQ: PEP) showed it managed to navigate weaker U.S. demand that was the result of Quaker Oats recalls and backlash to higher prices for its drinks and snacks. But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report as Wall Street watched at other things, such as a struggling domestic market. First quarter highlights For the quarter ended on March 23rd, Pepsi reported that revenue grew 2.3% t

Benzinga 1 hour ago

PEP

MSFT

KO
S&P Futures Lower After First-Quarter GDP Estimate

Stock futures fell after data showed that U.S. economic growth slowed in the first quarter. The Nasdaq-100 posted the biggest losses as Meta dragged down the wider tech sector.

The Wall Street Journal 1 hour ago

META
Cancer drugs help drive AstraZeneca sales sharply higher

Shares in the Cambridge-based company jumped by 5% in early trading.

PA Media: Money 1 hour ago

AZN

Performance Overview

Return	3888.HK	HANG SENG INDEX
YTD	+4.36%	+1.39%
1-Year	-26.46%	-13.40%
3-Year	-54.91%	-40.56%

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Related News

IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks

Stocks open lower on US GDP print, tech earnings

Meta stock slides over 12% after second quarter outlook disappoints

Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results

Meta is out-executing its peers on generative AI: Analyst

UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic and Inflection

Meta's Q1 earnings: What investors should watch for

Q1 2024 ServiceNow Inc Earnings Call

Union Pacific Corp (UNP) Q1 2024 Earnings: Marginal Gains Amid Market Challenges

Bristol-Myers Squibb Co (BMY) Q1 2024 Earnings Report: A Detailed Overview

Royal Caribbean Climbs In Buy Zone, Hikes Outlook On Strong Demand

US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh

EU court adviser backs data privacy activist Schrems in Meta fight

Alphabet's (NASDAQ:GOOGL) investors will be pleased with their stellar 171% return over the last five years

We Think Merck (NYSE:MRK) Can Stay On Top Of Its Debt

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Dow Jones Dives 650 Points On Weak GDP Data; Meta Plunges 16% On Earnings

Pepsi Tops Estimates Despite A Weakened Domestic Market

S&P Futures Lower After First-Quarter GDP Estimate

Cancer drugs help drive AstraZeneca sales sharply higher

Performance Overview