Boeing will try to divert as many as 50 planes ordered by Chinese airlines to customers elsewhere after steep tariffs prompted by Donald Trump’s trade war.The US manufacturer said it was confident it could find other buyers for the planes, but said it was lobbying Trump personally to resolve an “unfortunate situation”.Two Boeing jets have returned to the US from China, with another on the way, after the imposition of steep 125% tariffs on American imports. China imposed the levies in retaliation to the Whit ...

Tesla saw a 9% drop in revenue year over year in the first quarter of 2025. The company brought in $19.3bn in revenue, well below Wall Street expectations of $21.45bn. The company reported an earnings per share of 27 cents, also well under investor expectations of 43 cents in earnings per share. Company sales plummeted in the first three months of the year. The company suffered a 13% drop in sales, making it the company's worst quarter since 2022. Tesla closed the quarter with 336,681 vehicles delivered. De ...

The pending merger between Capital One and Discover Financial services received approval from several regulators on Friday, bringing the $35bn tie-up closer to completion.The Federal Reserve and the office of the comptroller of the currency (OCC) signed off on the deal, which was first announced in February 2024.The Federal Reserve Board said it entered into a consent order with Discover and assessed a fine of $100m for overcharging certain interchange fees from 2007 through 2023. Discover has since termina ...

Core Viewpoint - Microsoft employees are increasingly protesting against the company's involvement in Israel's military actions in Gaza, leading to disruptions at high-profile events and calls for the company to sever ties with Israel [1][4][5]. Group 1: Employee Protests - Protests have occurred multiple times, including disruptions during events celebrating Microsoft's 50th anniversary, where employees expressed their discontent with the company's role in the ongoing conflict in Gaza [1][2]. - Employees have organized rallies and demonstrations, with slogans such as "Microsoft powers genocide" projected during events, highlighting the perceived complicity of the company in military actions [3][4]. - The protests reflect a growing unrest among employees, with some considering leaving the company due to ethical concerns regarding its contracts with the Israeli government [5][12]. Group 2: Internal Discontent - Internal discussions among employees have become contentious, with complaints about perceived censorship of pro-Palestinian viewpoints on company message boards [14][15]. - Employees have reported a double standard in how discussions about Israel and Palestine are moderated, leading to frustration and calls for more open dialogue [15][21]. - The situation has been described as nearing a "tipping point," with former employees noting a significant rise in activism and organization around the issue [7][11]. Group 3: Company Response and Actions - Microsoft has not publicly commented on the protests or the concerns raised by employees, which has further fueled discontent [5]. - The company has faced scrutiny over its AI and cloud computing services being utilized by the Israeli military, leading to calls for transparency regarding its contracts [19][23]. - Some employees have taken direct action, such as resigning in protest of the company's policies and practices, citing a conflict with their personal ethics [24].

Core Insights - Netflix exceeded Wall Street expectations for quarterly results, reporting revenue of $10.54 billion for the first quarter, slightly above analysts' estimates of $10.52 billion [1] - The company projected revenue growth to $11.04 billion for the upcoming quarter, driven by membership growth and higher pricing, surpassing the analyst consensus of $10.90 billion [3] Financial Performance - Diluted per-share earnings reached $6.61, exceeding consensus estimates of $5.71 [2] - Netflix's revenue growth is supported by the popularity of its content, including new releases like Adolescence, Zero Day, and Temptation Island [2] Market Position and Subscriber Dynamics - Netflix maintains a strong market position with over 300 million global subscribers, having added a record 18.9 million subscribers in the fourth quarter of 2024 [5] - The company has seen significant interest in its lower-priced, ad-supported tier, which accounts for 55% of new sign-ups in available markets [4] Leadership Changes - Co-founder Reed Hastings transitioned from executive chairman to non-executive chair as part of the company's leadership evolution and succession planning [2]

Core Viewpoint - Trump Media & Technology Group has requested an investigation from market regulators regarding "suspicious activity" after Qube Research & Technologies disclosed a significant short position against its stock [1][3]. Company Summary - Trump Media & Technology Group, which operates the Truth Social platform, reported that Qube has taken a short position of nearly 6 million shares, contributing to a total short interest of 10.7 million shares as of March 31, which increased to about 11 million by Wednesday [2][3]. - The company claims that the trading activity, combined with a history of suspicious trading surrounding its stock, could indicate illegal naked short selling [3]. - Shares of Trump Media rose approximately 7% in New York on Thursday, although they have declined by over one-third this year [4]. Hedge Fund Summary - Qube Research & Technologies, a hedge fund that spun out of Credit Suisse in 2018, manages about $23 billion in assets, placing it among the top 1% of hedge funds [6][7]. - The hedge fund has short positions in various UK-listed companies, including real estate firms and fashion retailer Boohoo, in addition to its position in Trump Media [8].

Alphabet’s Google illegally dominated two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for US antitrust prosecutors to seek a breakup of its advertising products.The US district judge Leonie Brinkema in Alexandria, Virginia, found Google liable for “willfully acquiring and maintaining monopoly power” in markets for publisher ad servers and the market for ad exchanges which sit between buyers and sellers. Publisher ad servers ...

US stocks have fallen further after Donald Trump imposed a new trade restriction on the chip designer Nvidia, rattling investors and triggering a sell-off across the semiconductor industry.The S&P 500 index dropped by about 1.3% in early trading, with the tech-heavy Nasdaq index down 2.1%. The Dow Jones fell 0.6%.Nvidia, the Californian company at the heart of the revolution in artificial intelligence technology, lost billions of dollars from its market value at the opening bell, with its shares down about ...

Nvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump's administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US's most valuable companies plunging in after-hours trading. The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the "indefinite future". Sign up ...

Core Insights - Meta's CEO Mark Zuckerberg considered spinning off Instagram in 2018 due to potential antitrust issues, suggesting that companies often perform better after being split [1] - Zuckerberg acknowledged that he acquired Instagram because it had a superior camera compared to Facebook's own development efforts, reinforcing claims that Meta employed a "buy or bury" strategy against competitors [2][4] - The US Federal Trade Commission (FTC) is attempting to reverse Meta's acquisitions of Instagram for $1 billion and WhatsApp for $19 billion, marking a significant legal challenge against the company [3] Group 1: Acquisition Strategy - Zuckerberg's testimony revealed that Instagram was perceived as a rapidly growing threat, leading to the decision to acquire rather than build a competing product [2][4] - He admitted that many of Meta's attempts to create new apps have failed, with most not gaining traction [5] Group 2: Legal Context - The FTC's case against Meta is seen as a test of the Trump administration's commitment to regulating large tech companies [3] - The FTC claims that Meta holds a monopoly in social media platforms, with competitors including Snap's Snapchat and the smaller MeWe [7] Group 3: Market Competition - Meta argues that the FTC has misdefined the social media market, not adequately considering competition from platforms like TikTok, YouTube, and Apple's messaging app [6]