- Middle East tensions weighed on the stock market and volatility surged.
- Federal Reserve Chair Powell tamped down expectations for rate cuts soon. However, the IMF lifted its growth forecast for the global economy.
- Tesla announced layoffs and halted Cybertruck production. iPhone sales fell in the first quarter. Microsoft invested $1.5 billion in UAE AI firm G24. Google employees staged sit-in protests and some were fired. Netflix said it would stop reporting quarterly membership numbers.
- March retail sales were much better than expected. General Motors said it would move its headquarters. And Alaska Airlines grounded all flights, while United Airlines posted a strong earnings outlook.
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