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Shares fell about 11% in trading after the bell as both revenue and core earnings forecasts for the current quarter were below expectations. The dismal forecast follows job cuts by Lyft, which is trying to cut costs under new CEO David Risher who took charge last month. Lyft's adjusted core earnings of $22.7 million also exceeded expectations of $12 million, according to Refinitiv data, despite a 13.2% rise in costs to $1.22 billion from a year ago. But its revenue as well as core earnings forecast for the current quarter was below market expectations. The company said it expected revenue of $1 billion to $1.02 billion, below estimates of $1.08 billion and core earnings of $20 million to $30 million, way behind expectations of $49.3 million.

☆ Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
▼ + stars: | 2023-05-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Sit tight on Estee Lauder Do not sell Estee Lauder (EL) on Wednesday's plunge, Jim Cramer said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ With a gulp and burp, a bloated star swallows a Jupiter-sized planet
▼ + stars: | 2023-05-03 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

As the star grew, its surface reached the orbit of the doomed planet, with mayhem ensuing. Red giant stars can swell to a hundred times their original diameter, engulfing any planets in their way. This planet, perhaps a few times bigger than Jupiter, orbited its star in less than a day at a distance closer than Mercury, our innermost planet, orbits the sun. Even before it is engulfed whole, our data provides evidence that the planet tries to rip out the star's surface layers with its own gravity. But the star happens to be a thousand times more massive so the planet can't do much and eventually makes the plunge," De said.

☆ Arsenal return to top of the league with 3-1 win over sorry Chelsea
▼ + stars: | 2023-05-02 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

LONDON, May 2 (Reuters) - Arsenal returned to the top of the Premier League on Tuesday with a 3-1 win over a woeful Chelsea, set on their way by two goals from Martin Odegaard, but the title is still Manchester City's to lose having played two games less than the leaders. After losing to City 4-1 last week, Mikel Arteta made three changes, including giving striker Leandro Trossard a start in the place of Gabriel Martinelli and handing Jakub Kiwior his first league start in midfield. His side dominated their slumping London rivals straight from the kick-off as they sought to shake off last week's potentially title-deciding setback. "Everyone was so hurt after the game (against City)," Odegaard said after taking his league goal tally for the season to 14. ($1 = 0.8024 pounds)Reporting by William Schomberg Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
▼ + stars: | 2023-05-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Equities under pressure Watch Morgan Stanley Earnings on deck 1. Watch Morgan Stanley Club holding Morgan Stanley (MS) plans to eliminate about 3,000 jobs, or 5% of its workforce, by the end of June. The move should help Morgan Stanley protect its profits during a period of slower economic growth. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Though, Ford CEO Jim Farley made it clear Tuesday that he would not price his electric vehicles purely to gain market share. But with execution improving and our patience paid for through the roughly 5% dividend yield, we are sticking by Ford. Ford expects Ford Blue to deliver full year EBIT of about $7 billion, Ford Model e to report a loss of around $3 billion, and Ford Pro's EBIT to be around $6 billion. We maintain a 2 rating on Starbucks stock for now, but expect we may soon be looking to buy shares back. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of engineers
▼ + stars: | 2023-04-24 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +11 min

Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.

☆ Bed Bath & Beyond files for bankruptcy protection
▼ + stars: | 2023-04-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after a series of last-ditch efforts to raise enough equity to keep the business alive failed at the eleventh hour. Bed Bath has been hanging on by a thread ever since but has refused to go down without a fight. Days after the second stock offering was announced, Bed Bath said it had partnered with liquidator Hilco Global to boost its inventory levels. Soon, though, Bed Bath revealed in a securities filing that it didn't have enough cash to pay its debts and had defaulted on its credit line with JPMorgan. Under the reduced credit agreements, Bed Bath was on the hook for monthly interest payments.

☆ Opinion: Why Biden has little 2024 Democratic opposition
▼ + stars: | 2023-04-21 | by ( David Axelrod | ) edition.cnn.com time to read: +7 min

CNN —President Joe Biden was the toast of Ireland last week, as he was treated to a hero’s welcome in a pageant-laden return to his ancestral home. Biden, who is expected to formalize his plans next week, has a significant body of achievements on which to run. So is the absence of a real primary challenge simply the luck of the Irish? Perhaps with that primary battle in mind, Biden has worked assiduously to court the progressive wing of the party, from which such Democratic primary challenges generally arise. Finally, there is former President Donald Trump, whose candidacy is a boost to Biden among Democrats.

☆ Investors can discount IMF’s emerging-market gloom
▼ + stars: | 2023-04-21 | by ( Felix Martin | ) www.reuters.com time to read: +6 min

Historically, monetary tightening in the United States has been kryptonite for emerging-market investors. Most important of all, many emerging-market central banks learned the lesson of previous cycles and raised rates early. By the end of 2021, two-thirds of the major emerging-market central banks were tightening monetary policy. Perhaps the 2020s will bring a Highly Indebted Rich Countries initiative in which emerging-market countries return the favour. But when it comes to considering the investment case for the majority of emerging-market sovereigns, investors should not be swayed.

☆ Tesla shares fall on year-over-year income, earnings drop
▼ + stars: | 2023-04-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany. The new plant, officially called the Gigafactory Berlin-Brandenburg, is producing the Model Y as well as electric car batteries. Shares of electric vehicle manufacturer Tesla fell around 7% on Thursday, a day after the company reported a more than 20% drop in both net income and GAAP earnings compared to the year-ago quarter. Tesla has cut the price of its Model 3 by 11% this year. WATCH: Tesla price cuts "one way" to stay on customers' minds

☆ AT&T's dismal cash flow sparks selloff in telecoms sector
▼ + stars: | 2023-04-20 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

April 20 (Reuters) - U.S. wireless carrier AT&T Inc (T.N) missed market estimates for first-quarter revenue and free cash flow, underscoring the toll from strained consumer wallets and sparking a selloff in the telecoms sector on Thursday. In the first three months of the year, AT&T added 424,000 postpaid phone subscribers, almost in line with a Factset estimate of 422,800 additions. The metric is closely watched by Wall Street as postpaid customers pay a recurring monthly bill, making them valuable to the carriers. "It was not all bad news, and some aspects of AT&T's operations came in above estimates, but it is the free cash flow figure that seems to have caused all the damage, given that it points to likely lower dividend payouts going forward," said Stuart Cole, head macro economist at Equiti Capital. AT&T's free cash flow came in at $1 billion, compared with the $2.61 billion estimated by 18 analysts polled by Visible Alpha.

☆ Tesla set to report first-quarter earnings after the bell
▼ + stars: | 2023-04-19 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday. A month earlier, Musk announced plans to build a Tesla factory in Monterrey, Mexico, a day's drive from a relatively new factory in Austin, Texas. And more recently, Tesla said it plans to set up a factory to make Megapacks, or large lithium ion battery-based energy storage systems, in Shanghai. WATCH: CFRA's Garrett Nelson bullish on long-term earnings growth for Tesla

☆ North Korea wants to turn around its dismal space launch record, saying its first military spy satellite is ready for liftoff
▼ + stars: | 2023-04-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea said on Wednesday that it's ready to launch its first military spy satellite this month. North Korean leader Kim Jong Un, and his daughter visit the National Aerospace Development Administration in North Korea Tuesday. If successful, this launch would be the first officially conducted by North Korea for military purposes. North Korea first tried launching a satellite in 1998, but the rocket failed to reach orbit and burned up in the atmosphere. But just eight months later, North Korea finally pulled off a successful launch, sending the "Kwangmyŏngsŏng-3" into space.

☆ Goldman has its fingers in the wrong pies
▼ + stars: | 2023-04-18 | by ( John Foley | ) www.reuters.com time to read: +4 min

NEW YORK, April 18 (Reuters Breakingviews) - Rising interest rates have been a gift to big U.S. banks – except Goldman Sachs (GS.N). Boss David Solomon is reshaping the firm, but for now Goldman has to earn its money the hard way. Goldman, with interest just 15% of its revenue compared with roughly half at its banking peers, missed out. Solomon wants to remold Goldman as a bank for all seasons, but he isn’t there yet. Goldman’s fixed-income trading revenue fell 17% year-on-year, with “significantly lower” revenue in currencies and commodities.

☆ India's Infosys tumbles 15% on downbeat revenue outlook
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, April 17 (Reuters) - Infosys Ltd (INFY.NS) shares slumped nearly 15% on Monday and dragged stocks of peers, after the IT services exporter's dismal revenue outlook highlighted the impact of banking turmoil in major markets, the United States and Europe. Infosys' outlook followed a disappointing quarterly report from larger rival Tata Consultancy Services (TCS.NS), highlighting worries for the sector which earns more than 25% of its revenue from just the U.S. and European banking, financial, services and insurance sector. Infosys saw its biggest intraday percentage drop since October 2019, and dragged other IT stocks, with the Nifty IT index (.NIFTYIT) dropping as much as 7.6%. "Given the uncertain environment in the near term, growth can be back ended for Infosys, in our view," PhillipCapital said in a note. ($1 = 81.9020 Indian rupees)Reporting by Nishit Navin; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ These 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
▼ + stars: | 2023-04-17 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Markets are preparing for a second straight quarter of negative earnings growth. Credit SuisseMarkets are bracing for weaker profits in seven of the 11 S&P 500 sectors, Golub wrote. Q1 earnings revisions are more negative than usual, according to Credit Suisse. Weaker bottom-lines are also masking anticipated strength in sales growth, Credit Suisse found. Those 15 stocks are below, along with the ticker, weight of S&P 500 profits, expected earnings growth, and expected contribution to earnings growth for each.

Some are turning to startups who are pivoting to using powerful chips to run quantum-inspired software on regular computers as they bide their time. In the past 18 months, quantum software startups including SandBoxAQ - an Alphabet spinoff - raised about $1 billion, according to data firm PitchBook. Ultimately, the software inspired by quantum physics won't perform well on quantum computers without some changes, said William Hurley, boss of Austin-based quantum software startup Strangeworks. Still, he said companies that start using them will have engineers "learning about quantum and the phenomenon and the process, which will better prepare them to use quantum computers at the point that they do so." Strangeworks, which also operates a cloud with over 60 quantum computers on it, raised $24 million last month from investors including IBM (IBM.N).

☆ Next week's stock market moves hinge on the longer-term outlook for earnings
▼ + stars: | 2023-04-14 | by ( Scott Schnipper | ) www.cnbc.com time to read: +7 min

Next week's market action could be dictated by how well the latest quarterly reports from corporate America are received. Expectations about the immediate earnings outlook have been down for so long, the actual numbers themselves could look like up to investors. Earnings for all financials in the S & P 500 are actually expected to expand in the first quarter by 4.3%. ET: NAHB Housing Market Index (April) Earnings: Charles Schwab, M & T Bank, State Street, J.B. Hunt Transport Tuesday 8:30 a.m. ET: Philadelphia Fed President Patrick Harker speaks on the economic outlook Earnings: AT & T, American Express, D.R.

☆ Disney CEO Bob Iger says his return to company was inspired by Steve Jobs' Apple homecoming, and comebacks need 'unbelievable enthusiasm'
▼ + stars: | 2023-04-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Bob Iger returned to the helm of Disney last November, less than a year after he retired. He told Time he's looking to Steve Jobs' Apple homecoming for inspiration. Iger said such comebacks need "incredible resolve, incredible zeal, and incredible energy." Disney CEO Bob Iger said his return to the media giant is inspired by Steve Jobs' 1997 Apple homecoming, in an interview with Time magazine. "And then go at it with incredible resolve, incredible zeal, and incredible energy."

☆ Opinion: I’m betting on Cousin Greg. But I’m not a serious person
▼ + stars: | 2023-04-12 | by ( Gene Seymour | ) edition.cnn.com time to read: +6 min

By now, we should be used to HBO’s series pulling the rug out from beneath our expectations. Still, as more than one pundit observed of Logan’s death, this one shocked more than merely surprised. Not me, though I do miss Brian Cox already because few actors anywhere are as adroit at playing dyspeptic sociopaths. It would be at the very least ironic if “Greg the Egg,” the minion’s minion, stumbled into power as if he tripped on a sidewalk. I’ll say no more on this except to suggest that you all try to remember who in the end won that “Game of Thrones.” It’s not inevitable.

☆ Inside the AI talent wars: Tech companies are ransacking university AI programs at Stanford, MIT, and Cornell in search of rare talent
▼ + stars: | 2023-04-12 | by ( Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com time to read: +11 min

☆ Corporate America is facing its bleakest first-quarter since the pandemic — S&P 500 companies' earnings could drop as much as 7%, new data says
▼ + stars: | 2023-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

S&P 500 companies are expected to post a 7% decline in first-quarter earnings, per FactSet. This will be the largest earnings decline since a 32% slump in the second quarter of 2020. The estimated 6.8% decline in first-quarter earnings is not just the lowest in two years, but also below the five-year earnings growth rate of 13.4% and the 10-year earnings growth rate of 8.7%, per FactSet. FactSet's analysis was based on 106 S&P companies that issued guidance on their first-quarter earnings per share. Consumer discretionary and industrials are expected to lead those reporting on-year earnings growth.

☆ CNBC Daily Open: Return to reality
▼ + stars: | 2023-04-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But it's time to return to reality — one where market jitters are unlikely to fade anytime soon. The dust has seemingly settled on recent weeks' banking turmoil, but the potential for more drama looms. Subscribe here to get this report sent directly to your inbox each morning before markets open

☆ CNBC Daily Open: Back to reality
▼ + stars: | 2023-04-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors certainly deserved a break from the headline-filled mania of recent weeks. The dust has seemingly settled on recent weeks' banking turmoil, but the potential for more drama looms. Subscribe here to get this report sent directly to your inbox each morning before markets open

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