Microsoft is facing internal backlash and allegations of censorship after reportedly blocking emails containing terms like "Palestine" and "Gaza," amid growing employee protests over its contracts with the Israeli government.
Data warehouse-as-a-service Snowflake (NYSE:SNOW) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 25.7% year on year to $1.04 billion. Its non-GAAP profit of $0.24 per share was 13.1% above analysts’ consensus estimates.
Clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) announced better-than-expected revenue in Q1 CY2025, with sales up 10.7% year on year to $1.33 billion. Its GAAP profit of $1.16 per share was 39.6% above analysts’ consensus estimates.
Zoom stock climbed after the communications software maker reported Q1 earnings that topped estimates while revenue guidance edged by Wall Street targets.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 9.8% in the afternoon session after the company slashed its quarterly dividend to $0.25 from $0.80 in the previous quarter. Management acknowledged that the prior dividend level was unsustainable given current profitability. While painful for investors, the cut was intended to preserve cash and maintain financial flexibility in response to growing macroeconomic uncertainty and the risk of rising costs from potential tariffs.
After Coreweave’s most recent jump, Nvidia’s 7% stake in the company is valued at around $2.42 billion, a paper profit of $2.07 billion on the $350 initially invested.
Elon Musk rebuffed Bill Gates' claim that his deep USAID cuts will "kill the world's poorest children," demanding evidence and firing back with a Jeffrey Epstein jab while defending DOGE's $160 billion savings effort.
