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Check out the companies making headlines before the bell: PayPal — Shares gained nearly 3% after PayPal reported first quarter earnings of $1.34 per share, on an adjusted basis, on revenues of $8.35 billion. Analysts polled by LSEG had expected per-share earnings of $1.27 on revenues of $8.05 billion. Anheuser-Busch InBev — The Budweiser parent surged more than 7% after the company reported a quarterly earnings and revenue beat. Anheuser-Busch earned 97 cents per share on revenue of $15.27 billion. Analysts expected a profit of 89 cents per share on revenue of $14.87 billion, per LSEG. Pfizer — The pharma…

Investing.com — “The Big Short” investor Michael Burry sold his entire stake in after the company made an unsolicited offer to acquire , citing concerns that the deal’s heavy leverage undermined his investment thesis. Burry announced the sale in a Substack post Monday, stating the proposed acquisition was incompatible with his “Instant Berkshire” investment case. He said the deal would push GameStop’s debt to more than five times earnings before interest, taxes, depreciation and amortization, with interest coverage below 4.0 times. GameStop offered $125 per share in cash and stock for eBay, valuing the online marketplace at approximately $55.5 billion.…

Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York City on April 14, 2021.Robert Nickelsberg | Getty Images News | Getty ImagesCoinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares were up nearly 4% in premarket trading. In a memo to employees, which he shared on X early Tuesday, Armstrong described the decision as…

Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File PhotoRemo Casilli | ReutersDETROIT — Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks ahead of the sports car maker revealing its first all-electric vehicle.Here’s how the company performed in the first quarter compared with average estimates compiled by LSEG: Earnings per share: 2.33 euros (US $2.72) adjusted vs. 2.27 euros expected Revenue: 1.85 billion euros vs. 1.81 billion euros expectedFerrari’s revenue was up more than 3% compared with 1.79 billion euros during the…

KKR profit beats forecasts as deals speed up, assets grow Source link

CEO Jacob Walthour, Kourtney Gibson and The 49th Vice President of the United States, Kamala Harris onstage at the 2026 Power100 Honoree Dinner at Beverly Wilshire, A Four Seasons Hotel on May 3, 2026 in Beverly Hills, California.Arnold Turner | Getty ImagesThe Power100 gathering on the sidelines of the Milken Institute Global Conference took on a different tone this year as its diverse leaders in finance attendees fight to reclaim the narrative about people of color and women.”We are trying to show the world what success looks like,” said Jacob Walthour, co-founder of Power100 and founder and CEO of Blueprint…

Piotr Swat | SOPA Images | Lightrocket | Getty ImagesMajor health insurers appear to be off to an encouraging start this year — but a crucial test for the sector is still ahead.Solid first-quarter results have helped lift investor sentiment, even as insurers continue to grapple with higher medical costs. Companies including UnitedHealth, Elevance, Cigna and Humana all beat estimates for the quarter, with some hiking their 2026 outlooks. Those results were largely expected due to seasonal factors such as a milder flu season and weather disruptions that temporarily suppressed medical costs, said Barclays analyst Andrew Mok. A more meaningful signal,…

Investing.com — Canadian rail traffic showed divergent trends last week, with experiencing a decline while posted growth, according to Raymond James. CN traffic fell 2.3% year-over-year last week, facing challenging comparisons from the previous year. In contrast, CPKC traffic rose 3.8% year-over-year, supported by gains in grain, energy chemicals and products, automotive, and intermodal segments. On a quarter-to-date basis, CN traffic remained up 2.6%, driven by strength in petrochemicals, which increased 10.3%, automotive up 8.8%, metals and minerals up 7.4%, and grain up 5.0%. These gains were partially offset by declines in coal, down 8.6%, and intermodal, down 3.2%. CPKC’s…

The container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty ImagesDanish shipping giant Maersk said one of its commercial vessels successfully transited through the strategically vital Strait of Hormuz under U.S. military protection.The Alliance Fairfax, a U.S.-flagged ship operated by Farrell Lines, a subsidiary of Maersk Line Limited (MLL), completed the journey without incident on Monday, the company said in a statement, with all crew members safe and unharmed.The ship had been stranded at sea since the U.S. and Israeli-led war against Iran broke out on Feb. 28,…

Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran’s late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026.Nurphoto | Nurphoto | Getty ImagesUp until the weekend, global markets had been betting on a fragile ceasefire between the U.S. and Iran turning into a longer-term peace deal. But escalatory rhetoric, action over the Strait of Hormuz, and fresh Iranian attacks on the United Arab Emirates over the past 48 hours, have led experts to warn…