- Alphabet and Microsoft posted strong quarterly results. Tesla soared despite falling earnings. A weak forecast prompted a Meta selloff.
- First-quarter U.S. GDP came in lower than expected, and March PCE inflation came in hotter than expected.
- Tesla cut prices again and laid off its marketing team. GM raised its outlook after an earnings beat. Ford topped earnings expectations despite EV losses.
- The FTC sued to block a $8.5 billion Tapestry-Capri merger, and the agency banned workplace non-compete agreements. The Senate began a probe of weight-loss drug prices.
- Google fired more protestors. Disney’s CTO stepped down. Mercedes unveiled new electric SUVs. Amazon launched subscription grocery delivery. And Southwest cut service to some airports.
- New federal rules were set on overtime pay and airline refunds. Ground was broken on the first American high-speed rail system. The FCC restored net neutrality rules.
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Buffett Grabs More of This Tracking Stock, Plus Other Notable Insider Buying
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