📈 Stocks / Finance

Microsoft Stock Soars on Cloud and AI-Fueled Q3 Beat

Investor’s Business Daily

Microsoft beat fiscal Q3 estimates with EPS of $3.46 and revenue of $70.07B, driven by 20% cloud revenue growth and 35% Azure gains. Shares rose 8% after hours. It guided Q4 revenue to $73.7B and Azure growth of 34–35%, both above analyst forecasts.

Snap Falls 12% After Withholding Guidance Amid Ad Headwinds

Investor’s Business Daily

Snap stock dropped 12.4% after the company declined Q2 guidance, citing macro uncertainty and tariff-related ad pressure. Q1 sales hit $1.36B, beating estimates, but concerns over de minimis policy changes and reduced Chinese ad spend spooked investors.

Stocks rebound despite weak GDP, tariff concerns

CBS News

The S&P 500 rose 0.2% and the Dow gained 0.4% Wednesday, recovering from early losses after Q1 GDP contracted 0.3%. Markets absorbed the weak data, aided by a Fed-preferred inflation measure slowing to 2.3%. Tariff uncertainty and slower job growth loom.

🪙 Crypto

U.S. Banks Ramp Up Crypto Ties After Regulator Shift

Banking Dive

Federal agencies reversed strict crypto oversight in January, spurring renewed bank engagement. Coinbase reports active RFPs from major U.S. banks, while SoFi and Green Dot re-enter crypto markets amid easing compliance concerns.

🌎 Global Economy

China’s April Exports Slump Amid U.S. Tariff Surge

U.S. News & World Report

China’s export orders fell sharply in April, with its PMI hitting a 16-month low of 49.0 as new U.S. tariffs of up to 145% took effect. Economists warn of broader global slowdown; IMF cut 2025 global GDP forecast to 2.8% from 3.3%.

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