North America:

  • Tesla surged as Elon Musk shifts focus to the company despite mixed results and challenges in India and with Optimus robots.
  • Boeing narrowed Q1 loss with increased jet deliveries and asset sales to Thoma Bravo.
  • JP Morgan forecasts gold prices to reach $4,000/oz by Q2 2026 amid recession risks.
  • Intel plans a 20% workforce reduction under CEO Lip-Bu Tan's new strategy, introducing a new auto chip.
  • AT&T shares rose 3.9% as Q1 net income increased by 24% to $4.7 billion, exceeding estimates.
  • OpenAI shows interest in acquiring Google's Chrome amidst AI industry challenges.
  • Flyadeal confirmed an order for 10 Airbus A330neo jets.

Europe:

  • Apple fined 500 million euros by the EU for breaching the Digital Markets Act.
  • Meta fined 200 million euros by the EU and faces criticism for business practices.
  • Google faces potential adtech divestiture and plans to improve Chrome's Incognito Mode.
  • SAP exceeded Q1 2025 expectations with a 58% increase in operating profit.
  • Reckitt Benckiser Group saw a 5% share drop due to Q1 sales falling short of expectations.
  • Assa Abloy reported a 4% increase in Q1 operating profit, meeting sales expectations.
  • Danone exceeded Q1 sales forecasts with 4.3% growth, driven by demand in China.
  • Boliden reported higher-than-expected Q1 earnings with an adjusted operating profit of SEK 3,062 million.
  • Volvo reported lower-than-expected Q1 profit and revenue, adjusting North America outlook.
  • Mercedes-Benz CEO emphasized EU tariff resolution at the Shanghai Auto Show.

Rest of the World:

  • BYD is rebooting European operations with the launch of the luxury SUV U8L.