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Economics at marketwatch.com

Today News

03

Gilead’s quarterly loss is narrower than expected

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Gilead Sciences Inc.’s stock dipped 0.2% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.

Skechers stock soars 10% after earnings crush estimates and company offers upbeat guidance

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Skechers Inc.’s stock soared 7% in after-hours trade Thursday, after the athletic footwear company swept past earnings estimates for the first quarter.

Snap’s 2024 plans are showing signs of paying off, and shares soar 25%

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Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.

Alphabet’s stock surges on Triple Crown of first-ever cash dividend, $70 billion stock buyback, strong results

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Google parent Alphabet Inc.’s stock soared 12% in after-hours trading Thursday following huge spikes in revenue and net income that trounced analysts’ predictions — as well as its first-ever cash dividend of 20 cents per share.

U.K. consumers get a spring back in their step as confidence mounts

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Consumer confidence ticked a little higher in the U.K. this month, suggesting Britons are feeling more well-off as real incomes rise.

Roku warns of tougher bar for growth ahead. An analyst says that is its ‘fundamental risk.’

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TV-streaming service Roku Inc. on Thursday forecast second-quarter sales that were above expectations, but warned of a higher bar for growth up ahead and moderating profit in the second half of the year.

02

As Alphabet follows Meta with a dividend, the pressure is now on Amazon

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Dividends are a sign of maturing companies, but may also be a diversion for investors amid hefty capital spending

01

Jamie Dimon thinks the odds of a ‘soft landing’ are about half of what Wall Street expects

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The JPMorgan Chase CEO’s Wall Street Journal interview covered a range of topics — from his morning routine to his views on the Fed.

Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues

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Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.

Thursday, Apr 25

00

How active ETFs could help investors navigate recent wild swings in the stock market

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Signs of improving market breadth, beyond the tech giants, creates opportunities for the new wave of active exchange-traded funds.

Troubling S&P 500 chart suggests that stock investors have a rough road ahead

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Oversold rally earlier this week doesn’t erase the U.S. market’s negative picture.

Boston Beer reports a surprise profit as Twisted Tea shipments keep growing

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Boston Beer’s stock surged in after-hours trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose well above forecasts, fueled by volume increases, pricing and lower returns.

This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW

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A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW.

23

Stocks pare losses on Thursday with help of these bright spots

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Semiconductors, carmakers and gains in other sectors helped limit stock-market losses on Thursday

22

Treasury yields carve out new 2024 highs after first-quarter core PCE inflation comes in hot

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Treasury yields finished at their highest levels since November on Thursday, after data showed core PCE inflation came in hot for the first quarter even as U.S. growth slowed to 1.6%.

Trump’s tariffs could overshadow the benefits of his tax cuts, economists say

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As analysts assess what a second Trump administration could mean for the U.S. economy, one team from Oxford Economics is forecasting that the proposed tariffs could eclipse any boost from tax cuts.

Rubrik’s stock pops in IPO debut as CEO sees big opportunity in data protection

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Rubrik seemed to check off the right boxes for investors Thursday as its stock surged in its public debut.

Oil prices give up losses to settle at a more than 1-week high

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Oil futures shake off early losses Thursday to finish higher, with both U.S. and global benchmark prices settling at their highest in more than a week.

GDP report shows why it’s a fool’s game to bet on the Fed’s interest-rate moves

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Buying stocks after the “final rate hike” in a cycle demands perfect timing.

21

GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen

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Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.

Southwest Airlines considers ending open seating as loss widens, revenue falls short

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Southwest Airlines Co.’s stock tumbled 9% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.

Royal Caribbean sees record bookings as demand for experiences and travel grow

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There were a lot of records associated with Royal Caribbean’s first-quarter report, including ticket pricing, bookings and the stock, as demand for cruises remained “very robust.”

Half of U.S. households can only afford a $400 car payment. Their options — new or used — are scarce.

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The large number of buyers seeking a low-cost, entry-level vehicle are underserved in today’s market.

20

Is another inflation scare coming? GDP seems to say yes.

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A surprisingly high inflation reading in the first quarter has raised anxiety about whether a key price index in March could be worse than expected and could lower the odds of U.S. interest-rate cuts.

A $100,000 salary no longer buys you a middle-class lifestyle. Here’s why it costs so much more now.

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“We’re definitely not doing what you would think somebody with our income could do with the money,” one six-figure earner said.

First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop

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First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.

19

Long-term Treasury bond ETFs under pressure as investors weigh GDP report

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Exchange-traded funds that buy long-term Treasury bonds were under pressure Thursday, as investors parsed fresh data on U.S. economic growth and inflation in the first quarter.

As Meta’s stock slides, investors are flocking to its bonds and other Magnificent Seven debt

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As Meta Platform Inc.’s stock suffers a bruising 13% rout on Thursday, investors are flocking to its bonds, which are seeing the most net buying of any of the so-called Magnificent Seven companies.

Yellen confident U.S. inflation will continue to cool

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Treasury Secretary Janet Yellen, remains confident the U.S. economy is “on a downward path for inflation” that could enable the Federal Reserve to cut interest rates in the months ahead

Mortgage rates climb for fourth week in a row, taking ‘the wind out of the sails’ of the housing market

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The 30-year mortgage rate is averaging 7.17%, Freddie Mac said in its latest weekly survey on Thursday.