Stock market today: Dow, S&P 500, Nasdaq futures waver with Big Tech earnings on deck
US stock futures hovered around baseline as Wall Street braced for a busy day of Big Tech earnings and digested President Trump's latest move on tariffs.
3 market signals that could be setting the stage for another correction
Deutsche Bank analysts noted three market dislocations that create an environment "ripe for a correction."
Petrobras posts slight drop in first-quarter oil and gas output
RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. Petrobras' oil production in Brazil fell by 1% year-on-year, to 2.21 million barrels per day (bpd), said the firm, adding that the Almirante Tamandare floating production vessel (FPSO) started producing in February at the country's Buzios field. "The start of operations of the FPSO Almirante Tamandare is strategic for Petrobras and represents a sustainable expansion of production," said Renata Baruzzi, head of engineering, technology and innovation in Petrobras' sales and output report.
Author of Crypto Bills Now Being Rehashed Predicts 'Wicked Hot Summer' in Congress
Patrick McHenry, the ex-lawmaker who championed last year's crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Recession-spooked US manufacturers are begging the Fed to cut interest rates
Regional Fed surveys have shown manufacturing activity in disarray as firms deal with tariff uncertainty and rising prices.
Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network
The founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for lying and self-dealing that cost customers billions of dollars in losses, prosecutors told a judge Tuesday. Alexander Mashinsky, 59, told thousands of customers that their money was safe and secure, leading to investors pouring over $20 billion into Celsius by 2021, they wrote in a submission ahead of a scheduled May 8 sentencing in Manhattan federal court. “They were not,” prosecutors said, noting that Celsius declared bankruptcy in 2022 and acknowledged that it could not return to customers what they had invested.
Starbucks Stock Slides as Revenue, Profit Miss Estimates
Starbucks reported fiscal second-quarter revenue and earnings that missed analysts’ expectations, sending shares lower in extended trading Tuesday.
EXL (NASDAQ:EXLS) Beats Q1 Sales Targets
Data analytics and digital solutions company ExlService Holdings (NASDAQ:EXLS) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 14.8% year on year to $501 million. The company expects the full year’s revenue to be around $2.05 billion, close to analysts’ estimates. Its non-GAAP profit of $0.48 per share was 8.8% above analysts’ consensus estimates.
Trump's Truth Social Mulls Launching Token for Subscriptions in Latest Crypto Push
The company also plans to forge ahead with its ETFs, which will include cryptocurrencies.
Supermicro Stock Plummets as Server Maker Posts Weak Preliminary Results
Super Micro Computer shares plunged in extended trading Tuesday after the company published preliminary quarterly results below its prior forecast.