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Tesla Misses Q1 Targets, Delays 2025 Guidance Amid Economic Headwinds
Tesla's Q1 earnings missed expectations, with revenue of $19.34B and EPS of $0.27 falling short of estimates. The company will revisit its 2025 guidance next quarter and cited trade policy impacts. New affordable models remain on track for 2025 production.
IMF Cuts Global Growth Outlook as Trade War Impacts Major Economies
IMF slashes global growth forecasts for 2025 and 2026, citing US tariffs and trade tensions. Major economies, including the US, China, UK, and Eurozone, face significant downward revisions. The IMF warns of intensifying downside risks and potential financial instability.
Bitcoin Breaks $90K Barrier, Fueled by Institutional Appetite and Market Confidence
Bitcoin surges past $90,000 for the first time in six weeks, driven by institutional inflows and investor interest. The cryptocurrency's rally reflects growing market maturity and long-term holder conviction, with ETFs seeing significant inflows.
Trump's Powell Criticism Rattles Markets Amid Trade War Fears
President Trump criticizes Fed Chair Powell, demanding lower interest rates to prevent economic slowdown. US stocks plummet as Trump escalates tensions with the Fed, sparking concerns about trade war impact and market instability.
Company News
Northrop Grumman Corporation (NOC)
Performance Overview
1D Change: 📉 -12.66%
5D Change: 📉 -13.39%
Northrop Grumman Shares Nosedive as B-21 Bomber Costs Soar, Slashing Profit Forecast
Northrop Grumman, a major U.S. defense contractor, has reported disappointing first-quarter results for 2025, sending shockwaves through the market. The company's earnings fell significantly short of expectations, with adjusted earnings per share (EPS) coming in at $6.06, well below the estimated $6.26. Sales also missed the mark, totaling $9.47 billion compared to the expected $9.94 billion, representing a 7% year-over-year decline.
Full coverage of $NOC on MarketFlux.io
Rtx Corporation (RTX)
Performance Overview
1D Change: 📉 -9.81%
5D Change: 📉 -11.92%
RTX Beats Q1 Expectations, but Stock Tumbles on Tariff Concerns
RTX Corporation, a major player in the aerospace and defense sector, reported its Q1 2025 earnings today, surpassing analyst expectations. The company posted an adjusted earnings per share (EPS) of $1.47, beating the estimated $1.38, and revenue of $20.31 billion, exceeding the forecast of $19.84 billion. Pratt & Whitney, a key division of RTX, performed exceptionally well with sales of $7.37 billion, surpassing estimates of $6.94 billion.
Full coverage of $RTX on MarketFlux.io
Geopolitics Events
Trump's Fed Attacks Rattle Markets as Tariff and Funding Disputes Escalate
President Trump's escalating attacks on Federal Reserve Chair Jerome Powell have sent shockwaves through financial markets and raised concerns about the Fed's independence. Trump called Powell "a major loser" and is pressuring for interest rate cuts, blaming the Fed for any economic weakness resulting from his trade policies. This has unnerved investors, causing gold prices to surge and the dollar to weaken. Meanwhile, Trump met with executives from major retailers like Walmart and Target to discuss tariffs amid growing anxiety about their impact on consumer goods prices. In a separate development, Harvard University sued the Trump administration to block billions in funding cuts, rejecting White House demands it claims would undermine its autonomy. The administration is also exploring plans to benchmark U.S. drug prices against lower costs in other developed nations, alarming pharmaceutical companies. These events highlight the growing tensions between Trump's economic policies and various sectors of the economy and academia.
White House Nears Trade Agreements with Japan, India, and China Amid Global Negotiations
The White House is reportedly close to reaching trade agreements with Japan and India to prevent significant U.S. tariffs. These initial understandings are likely to take the form of memorandums or "deal frameworks," with final details to be negotiated later. The administration's trade team is meeting with 34 countries this week, with 18 proposals on paper for potential trade deals. Progress is also being made on a potential trade agreement with China, with officials stating they are "doing very well" and that the "ball is moving in the right direction." However, some analysts suggest that near-term progress with China may require the U.S. to soften its stance, as China has remained firm in its position.
US-India Relations Flourish: Trade Deal, Defense Cooperation, and Regional Security Take Center Stage
Vice President Vance highlights strengthening US-India relations, emphasizing mutual growth, fair trade, and defense cooperation. Both nations have finalized terms for a trade deal and are working on agreements. Vance stresses the importance of regional safety and the potential for co-production of defense equipment, showcasing a deepening strategic partnership.
Putin Proposes Ceasefire in Ukraine, Seeks Peace Deal with US
Russian President Vladimir Putin has reportedly offered to halt the invasion of Ukraine along the current front line as part of efforts to reach a peace deal with the United States, according to the Financial Times.
Trump Backs Dollar's Dominance as World's Reserve Currency
President Trump aims to maintain the US dollar's status as the global reserve currency, according to White House statements. This stance aligns with his economic policies and international trade strategies.
China Seeks Stronger Ties with EU and UK, Emphasizes Cooperation in Global Trade
China's Foreign Minister expresses willingness to strengthen ties with the EU and UK, emphasizing high-level exchanges, mutual trust, and proper management of differences. The minister calls for joint efforts to defend the multilateral trading system and build an open world economy, while working to eliminate distractions in China-UK relations.
US-India Trade Talks Advance as VP Vance Pushes for Stronger Bilateral Ties
US Vice President JD Vance reports progress in trade talks with India during his visit, emphasizing the need for stronger ties in energy and defense. The two nations have finalized terms for a potential trade deal, signaling improved relations.
White House and Harvard Clash in Court Over Federal Funding Freeze
The Trump administration is set to battle Harvard University in court over a federal funding freeze. Harvard filed a lawsuit challenging the White House's decision to cut funding due to the university's non-compliance with certain requirements. The dispute has sparked debate about federal funding for educational institutions and the administration's approach to higher education policy. Markets and investors are closely watching the situation's potential impacts.
Trump Mulls Drastic Drug Price Cuts, Pharma Industry on Edge
The Trump administration is considering a policy to align U.S. drug prices with lower costs in other developed countries, a move that could significantly impact the pharmaceutical industry. This potential action, viewed as more concerning than tariffs by pharma companies, aims to address the issue of U.S. drug costs being nearly three times higher than in peer nations. The plan is reportedly being quietly revived, alarming the industry due to its potential existential threat.
U.S. Considers Crimea Recognition and Sanctions Relief in Russia Peace Talks
U.S. proposes recognizing Crimea as Russian territory and potentially lifting sanctions against Russia as part of peace negotiations, signaling a significant shift in diplomatic approach.
Global Reactions to Pope Francis' Passing Amid Diplomatic Developments in China and Vietnam
China's foreign ministry has emphasized the importance of the Iranian Foreign Minister's visit in deepening political mutual trust. The ministry also expressed condolences on Pope Francis' passing and highlighted constructive contacts with the Vatican in recent years. Meanwhile, Ukrainian Catholics have expressed hurt over the Pope's stance on the Russia-Ukraine conflict. East Timor has declared a week of national mourning to honor the late pontiff. In other news, Vietnam's Prime Minister stressed negotiation as key to balanced trade with the US, while the country's trade ministry aims to crack down on illegal transhipment. Former US President Trump has announced his intention to attend Pope Francis' funeral in Rome.
China's Premier Seeks Japan's Support in Countering U.S. Tariffs
Chinese Premier Li Qiang has reached out to Japanese PM Shigeru Ishiba via letter, urging a coordinated response to U.S. tariff measures. This diplomatic move signals potential collaboration between China and Japan on trade issues.
White House Advances Trade Talks: 18 Proposals Received, 34 Countries to Meet
White House reports significant progress on trade negotiations, with 18 proposals from various countries now on paper. The trade team is set to meet with 34 countries this week. Press Secretary Leavitt highlights the importance of the India outline and reaffirms Trump's support for Hegseth.
US Offers Potential Credit Line to Argentina Amid Global Economic Uncertainty
US Treasury Secretary Scott Bessent indicated the Trump administration's willingness to provide Argentina a credit line if global economic turmoil threatens President Milei's economic reforms. This support aims to safeguard Argentina's financial stability.
Trump Envoy Witkoff Set for Moscow Visit, Kremlin Confirms
U.S. envoy Steve Witkoff, representing the Trump administration, is expected to visit Moscow this week for diplomatic discussions, according to Russian officials and news agencies.
Zelenskiy Seeks Trump Meeting at Pope's Funeral Amid International Gathering
President Zelenskiy expresses willingness to meet with former US President Trump at Pope Francis' funeral in Vatican City. The event, expected to draw world leaders, presents a potential diplomatic opportunity amidst global tensions.
Trump's Middle East Tour: Strengthening Economic Ties with Gulf Nations
President Trump plans a Middle East trip from May 13-16, visiting Saudi Arabia, UAE, and Qatar. The journey aims to strengthen investment ties with these nations, showcasing Trump's focus on economic diplomacy in the region.
Macron Mulls Surprise Fall Election in France
President Macron of France is considering calling for a snap election as early as autumn. This unexpected move could reshape the political landscape and test public sentiment towards his leadership and policies.
Trump Condemns Kashmir Attack, Pledges Support to India
Trump expresses deep concern over an attack on tourists in Kashmir, offering full support and sympathies to India's Prime Minister Modi and the Indian people.
Trump Touts Successful Call with Netanyahu, Highlighting Shared Stance on Key Issues
Former President Trump announced on social media that he had a positive phone call with Israeli Prime Minister Benjamin Netanyahu. They discussed various topics, including trade and Iran, with Trump emphasizing their alignment on all issues discussed.
Macro Events
IMF Slashes Global Growth Forecasts as Trade War Fallout Threatens Economic Stability
The International Monetary Fund (IMF) has significantly lowered its global economic growth forecasts for 2025 and 2026, citing the impact of century-high U.S. tariffs and escalating trade tensions. The IMF now projects global GDP growth of 2.8% in 2025, down from its previous forecast of 3.3%, and 3% in 2026, also reduced from 3.3%. The organization warns that these projections could deteriorate further as trade conflicts intensify.
BoE's Greene Warns of Labor Market Risks and Inflation Persistence, Advocates Cautious Approach to Rate Cuts
Bank of England's Greene warns of potential labor market shakeout, despite current high wage growth. She expresses concern about inflation persistence, particularly in services, and notes worrisome inflation expectations. Greene suggests a neutral interest rate of 3.25% to 3.5% is reasonable, higher than previously. She highlights both inflationary and deflationary forces, including Trump's tariffs and currency fluctuations. Greene emphasizes the importance of central bank independence and acknowledges two-sided risks in the UK economy. The labor market remains surprisingly resilient, but Greene remains cautious about rate cuts. She also mentions potential competitive advantages for the UK from lower U.S. tariffs compared to the EU.
Germany Faces Economic Stagnation in 2025, Slight Recovery in 2026
German government predicts economic stagnation in 2025, with exports declining 2.2%. A modest 1% growth is expected in 2026, along with a 1.3% export increase, as reported by Handelsblatt.
Richmond Fed Manufacturing Index Plunges in April, Signaling Economic Weakness
The Richmond Fed Manufacturing Index for April 2025 fell to -13, worse than the expected -7. Orders and shipments declined significantly, with shipments dropping to -17 from -7. The services index also decreased to -7, indicating a broader economic slowdown.
Swedish Unemployment Falls, Polish Wages Grow: March Economic Data
Sweden's unemployment rate dropped in March, with the seasonally adjusted rate falling to 8.1%, beating forecasts. Meanwhile, Poland's corporate wages grew 7.7% year-on-year, slightly below expectations, while employment declined 0.9%.
BOE Hawk Greene: US Tariffs May Lower UK Inflation
BOE's hawkish policymaker Megan Greene suggests Trump's US tariffs could be disinflationary for the UK, potentially lowering inflation due to cheap Asian exports, a weaker dollar, and softened demand.
US Treasury Secretary: China-US Economic Rebalancing a "Huge Win" if Achieved
US Treasury Secretary Bessent believes rebalancing China's economy towards consumption and the US economy towards manufacturing within 2-3 years would be a "huge win." The US seeks this rebalancing, but questions China's readiness to cooperate.
US Slaps Massive Tariffs on Southeast Asian Solar Imports, Boosting Domestic Manufacturers
The US has imposed steep tariffs, up to 3,521%, on solar imports from four Southeast Asian countries where Chinese manufacturers have factories. This move benefits domestic producers like First Solar, whose stock jumped, but could hinder the US renewable energy sector. The decision aims to counter Chinese influence in the solar market.
Bank of America Forecasts No Rate Cuts in 2023 as Inflation Remains Sticky
Bank of America's CEO Brian Moynihan announced at the annual shareholder meeting that their research team doesn't anticipate rate cuts this year due to persistent inflation. This revelation may prompt markets to adjust their expectations. The bank's shareholders also elected 14 directors during the meeting.
ECB's Lagarde: Inflation Set to Hit 2% Target by 2025, Disinflationary Path Nearly Complete
ECB President Lagarde reports inflation is on track to reach the 2% target by 2025, with projections at 2.1%. The disinflationary path is nearing completion, signaling progress in the ECB's monetary policy efforts.
Eurozone Consumer Confidence Plummets in April, Raising Economic Worries
Eurozone consumer confidence in April 2025 declined to -16.7, worse than expected -15.0 and previous -14.5. The drop signals growing economic concerns among European consumers.
Spain Ramps Up Defense Budget to 2% of GDP Without Impacting Social Programs
Spain's Prime Minister Sanchez announced a significant boost in defense spending to 2% of GDP this year. The 10.47 billion euro increase won't affect taxes, social spending, or the deficit. 19% of the budget is allocated for weapons manufacturing and purchases.
Earnings Events
Tesla Misses Q1 Earnings Targets, Delays 2025 Guidance Amid Global Trade Uncertainties
Tesla's first-quarter earnings for 2025 have fallen short of Wall Street expectations, signaling potential challenges ahead for the electric vehicle giant. The company reported adjusted earnings per share of $0.27, missing the estimated $0.43, and revenue of $19.34 billion, well below the forecasted $21.37 billion. This represents a 40% year-over-year decline in earnings and a 9% drop in revenue.
Lockheed Martin Soars Past Q1 Expectations, Reaffirms Strong 2025 Outlook Amid Global Defense Demand
Lockheed Martin reported impressive Q1 2025 results, surpassing analysts' expectations. The defense giant's earnings per share reached $7.28, a significant increase from $6.39 year-over-year, while revenue climbed to $17.96 billion, exceeding estimates of $17.81 billion. The company's strong performance was driven by robust demand for missiles and fighter jets, particularly the F-35, amid ongoing global conflicts. Lockheed's total backlog grew to $172.97 billion, up 8.5% from the previous year. Despite a slight drop in Aeronautics sales, the company reaffirmed its full-year 2025 outlook, projecting net sales between $73.75 billion and $74.75 billion, and EPS ranging from $27.00 to $27.30. The positive results led to a 3.7% increase in Lockheed Martin's stock price during premarket trading, reflecting investor confidence in the company's continued growth and market position.
Markets Recover as Tesla Stock Surges Before Earnings Release
Stocks rebound after a sell-off, with major indices rising. Tesla's stock climbs ahead of its eagerly anticipated earnings report, drawing investor attention and market speculation.
Verizon Beats Q1 Earnings Estimates, Reaffirms 2025 Guidance Despite Subscriber Losses
Verizon's Q1 2025 earnings surpassed expectations, with EPS of $1.19 beating estimates of $1.15. Revenue reached $33.5B, slightly above the projected $33.26B. Despite a larger-than-expected loss of 289,000 postpaid phone subscribers, the company remains confident in its full-year guidance. Verizon reaffirmed its 2025 outlook, projecting 0-3% adjusted EPS growth and 2.0-3.5% adjusted EBITDA growth. The company reported strong momentum in mobility and broadband, while actively monitoring tariff developments.
GE Aerospace Soars in Q1, Beats Expectations on Maintenance Boost
GE Aerospace reports strong Q1 2025 results, exceeding estimates and maintaining annual guidance, driven by increased maintenance demand.
SAP SE Delivers Robust Q1 2025 Results, Driven by Strong Cloud Growth and Improved Profitability
SAP SE reported strong Q1 2025 earnings, with adjusted EPS of €1.44, up 79% YoY. Cloud revenue grew 27% to €4.99B, while total revenue increased 12% to €9.01B. The company's adjusted EBIT of €2.455B exceeded estimates. SAP maintains a positive outlook for FY 2025, projecting cloud revenue between €21.6B-€21.9B.
Halliburton Q1: Revenue Beats, North America Sales Slump, EPS Meets Expectations
Halliburton's Q1 results show mixed performance with revenue beating estimates at $5.417B, despite a 12% drop in North America sales. Adjusted EPS met expectations at $0.60, while net income reached $203M.
Capital One Q1 Earnings: EPS Beats, Revenue Misses, Credit Losses Lower Than Expected
Capital One's Q1 2025 earnings report shows mixed results. While adjusted EPS of $4.06 beat estimates, revenue of $10B slightly missed expectations. Net interest income was $8.01B, and net income reached $1.4B. The company's provision for credit losses was lower than anticipated at $2.37B.
Technology Events
AI Dominates Tech Landscape: From Cloud Security to Robotaxis, Industry Leaders Showcase Innovations at RSAC 2025
The tech world is abuzz with AI advancements and cybersecurity innovations as industry leaders gather for RSAC 2025. Aryon Security unveils a cloud security enforcement platform, while Criminal IP showcases advanced threat intelligence. AI is making waves across sectors, with Nvidia-backed startups reporting rapid revenue growth and companies like SoundHound AI partnering with Tencent for intelligent cockpits. Amazon's 'Project Greenland' secures AI GPU capacity, and Motive introduces an AI avatar for driver coaching. In the financial realm, investors are closely watching AI-related stocks, with analysts providing insights on companies like Nvidia, Microsoft, and Snowflake. The robotaxi market sees promising developments from Pony AI. Healthcare and biotech sectors are leveraging AI for patient selection in trials and biomarker discovery. Cybersecurity remains a focal point, with global initiatives against phishing and new partnerships forming to enhance security and compliance. The quantum computing field is also gaining attention. As AI continues to reshape industries, conferences like Glean:GO and the Phoenix Tech Festival are bringing together visionaries to discuss the future of work and innovation.
OpenAI Eyes Chrome Browser Acquisition, Google-Samsung Deal Non-Exclusive
OpenAI executive testifies at trial, expressing interest in purchasing Google's Chrome browser. The testimony also reveals Google's search agreement with Samsung isn't exclusive in the U.S.
Tesla Accelerates into the Future: New Vehicles and Robotaxi Production on the Horizon
Tesla's ambitious plans are in full swing, with new vehicles set to start production in the first half of 2025. The company's innovative Robotaxi product, Cybercab, is scheduled for volume production in 2026, employing a revolutionary "unboxed" manufacturing strategy. Tesla aims to revisit its 2025 guidance in Q2, with growth dependent on autonomy scaling, factory ramps, and economic conditions. Despite challenges from evolving trade policies, Tesla continues to prepare for the future, with installations for Tesla Semi and Cybercab production lines progressing as planned.
M&S Battles Cyber Attack: Click and Collect Services Disrupted
M&S, the British retailer, is managing a cybersecurity incident affecting its click and collect services. Stores remain open, but online orders face disruptions. The company is working to resolve the issue.
CoreWeave's Rocky Debut: Analysts Divided on AI Stock's Potential
CoreWeave's stock receives mixed analyst reviews following its public debut, with concerns about volatility and risks offsetting its AI potential. Wall Street initiates coverage amid controversy.
OpenAI's Altman Exits Oklo Chair Role, Stock Tumbles 15%
OpenAI's Sam Altman is stepping down as chairman of nuclear startup Oklo. The move, reported by CNBC, has caused Oklo's stock to plummet over 15% after hours, potentially allowing the company to collaborate with other AI firms.
Crypto Events
Trump Media Teams Up with Crypto.com for Innovative ETF Launch
Trump Media partners with Crypto.com and Yorkville America Digital to launch ETFs focusing on digital assets and American industries. The new financial products are expected to debut later this year.
Metals Events
Gold Shatters Records, Soaring Past $3,500/oz in Historic Rally
Gold prices have surged to an unprecedented high, breaking the $3,500 per ounce barrier for the first time in history. This represents a staggering 50% increase over the past year.
Barrick Gold Considers Selling Last Canadian Mine Amid Market Boom
Barrick Gold is exploring the sale of its Hemlo gold mine in Ontario, its last Canadian operation. This move aims to capitalize on high gold prices and increased interest in North American mining, potentially leaving Barrick without any mines in its founding country.
Barrick Gold Exits Alaska Project in $1 Billion Deal with Paulson, Novagold
Barrick Gold is selling its 50% stake in Alaska's Donlin Gold project to John Paulson and Novagold Resources for $1 billion. The deal marks Barrick's exit from the project and could be announced soon.
Fixed Income And Interest Rates Events
Student Loan Collections to Resume in May, Impacting Millions of Defaulted Borrowers
The Education Department announced the resumption of student loan collections in May for defaulted loans, potentially affecting millions of borrowers. This move marks the restart of major collection efforts, including wage garnishment, for federal student loan defaulters after a long pause.
U.S. Treasury Auction Reveals Shifting Demand: Foreign Buyers Retreat as Direct Purchases Surge
The U.S. Treasury's recent 2-year note auction yielded mixed results, with a high yield of 3.795% and a bid-to-cover ratio of 2.52, lower than previous auctions. Foreign demand notably decreased, reaching a two-year low. Direct buyers showed increased interest, while indirect bidders pulled back. The auction's soft performance reflects changing market dynamics and investor sentiment. Despite the pullback, foreign buyers haven't completely abandoned U.S. Treasuries. The 10-year Treasury yield slipped as investors weighed trade news. This auction is part of a larger $69 billion offering, with a 5-year note auction scheduled next. The results highlight shifting trends in the Treasury market and global economic factors influencing investor behavior.
Treasury Secretary: US-China Economic Rebalancing Could Be 'Huge Win' in 2-3 Years
US Treasury Secretary Bessent predicts a "huge win" if China's economy shifts towards consumption and the US economy towards manufacturing within two to three years, according to a JPMorgan session.
Oil And Gas Events
Oil Prices Climb Amid Market Rebound, but Tariff Worries Linger
Oil prices are rising alongside equities, but concerns about tariffs persist. The market is reacting to various factors, including Trump's criticism of Powell, OPEC+ output decline, and weakening global activity. Halliburton warns of tariff impacts, while natural gas futures show some recovery.
Chevron CEO Dismisses Recession Fears, Cites Strong Economic Indicators
Chevron CEO Mike Wirth states in a CNBC interview that there are no signs of an imminent recession in the U.S., despite concerns about trade issues and oil demand expectations.
EU Mulls Legal Options to Sever Russian Gas Ties Without Penalties
The EU Commission is exploring legal avenues to allow companies to break existing Russian gas contracts without penalties and potentially ban new contracts. This move aims to reduce EU dependence on Russian energy amid ongoing geopolitical tensions.
Healthcare Events
Novo Nordisk Shares Tumble as Eli Lilly's Obesity Pill Threatens Market Dominance
Novo Nordisk's stock plummeted after Eli Lilly's weight-loss pill showed comparable results to Novo's Ozempic. This development intensifies competition in the obesity treatment market, impacting Novo's market value and investor confidence.
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