Stay updated with breaking news from Classb Report. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Stock futures edge lower ahead of busy earnings slate; Twitter shares edge higher amid key questions on Musk's take-private future; HSBC shares tumble as Asia-focused bank books credit losses, pauses buybacks; Microsoft earnings to highlight Azure importance as PC demand wanes and Google earnings in focus as ad market competition hots up.
UPS posted stronger-than-expected first quarter earnings Tuesday, while re-affirming its full-year profit forecast and unveiling plans to double its annual share buybacks to around $2 billion.
U.S. stocks were back in retreat Tuesday, with the dollar holding extended gains against its global peers amid another pullback in Treasury bond yields, as investors reacted to a busy slate of tech and industrial earnings that failed to pierce concerns over Federal Reserve rate hikes and China's Covid lockdown.
Activist shareholders want Berkshire to give more detail about its carbon output and to spend more on climate change.
Can the company tempt retailers into using its tech?