• May 01, 2025

CVS raises profit forecast, to exit Obamacare market as turnaround gains steam

(Reuters) -CVS Health raised its full-year profit forecast on Thursday and said it plans to exit the market for Obamacare health insurance plans in 2026, as it seeks to turn around its fortunes after a series of challenges last year. CVS shares jumped 5% to $69.84 after it raised its 2025 profit forecast to $6 to $6.20 per share from $5.75 to $6 previously. CEO David Joyner, who took the helm of the healthcare conglomerate in October, has laid out cost-cutting plans and reshuffled the top management to help the company navigate one of the most challenging periods in its six-decade history.

• May 01, 2025

UK house prices slow in April as market digests stamp duty changes

While housing prices are expected to be softer in the near future, buying activity is likely to pick up pace as summer progresses, with expectations of further BoE rate cuts also estimated to support this trend.View on euronews

• May 01, 2025

Metaplanet Registers U.S. Treasury Arm to Grow Its Bitcoin Reserve Strategy

The firm plans to invest as much as $250 million in the Florida-based treasury vehicle.

• May 01, 2025

Berkshire outguns market as Buffett reaches 60 years in charge

Berkshire Hathaway has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday's annual meeting in Omaha, Nebraska, the 94-year-old billionaire will mark 60 years in charge of what he built into a $1.15 trillion conglomerate. Buffett will spend 4-1/2 hours fielding shareholder questions, which typically focus on Berkshire's operating businesses, markets, the economy, life lessons, and the company's future after the Oracle of Omaha departs.

• May 01, 2025

Best money market account rates today, May 1, 2025 (earn up to 4.41% APY)

Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?

• May 01, 2025

Negative GDP data is the latest to offer 2 views on the US economy: Morning Brief

Instead of clarity, the "hard" growth data is seen as a distortion or a warning.

• May 01, 2025

Qualcomm Stock Drops on Soft Revenue Outlook

Qualcomm shares are falling in premarket trading Thursday, a day after the chipmaker's soft current-quarter revenue outlook outweighed better-than-expected fiscal second-quarter results.

• May 01, 2025

Elon Musk says DOGE should examine Federal Reserve costs, Bloomberg News reports

U.S. President Trump has tasked the Tesla and SpaceX CEO with leading efforts through the Department of Government Efficiency (DOGE) to cut government funding and reshape the federal bureaucracy. Musk spoke on Wednesday at a briefing in the White House, several media outlets reported.

• May 01, 2025

Nasdaq leads gains on Wall Street as Microsoft, Meta surge

Wall Street's main indexes advanced on Thursday, led by gains on the tech-heavy Nasdaq, as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector. Microsoft surged 8.8%, hitting its highest level since late January, after it forecast stronger-than-expected quarterly growth for its cloud-computing business Azure. The gains helped the stock surpass Apple to became the world's most valuable company.

• May 01, 2025

America’s economy may actually be even weaker than it appears

President Donald Trump’s aggressive tariff plan was largely expected to impact the US economy’s first-quarter performance as companies loaded up on imported goods ahead of higher levies. But what few failed to anticipate was how much worse off the economy would have appeared without stockpiling.