Mark Zuckerberg Blames Slower Sales on War, Layoffs on AI Costs
In an internal Q&A with employees, Meta's CEO said the company will shrink teams and develop more new apps as AI changes workflows.
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Sandisk, Western Digital Report Jumps in Third-Quarter Profit on AI Data Storage Demand
Sandisk and Western Digital logged profits of $3.62 billion and $3.21 billion, respectively, as both companies benefited from efforts to scale up AI infrastructure.
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Apple Shares Rise on Strong iPhone Sales, but Higher Memory Prices Loom
CEO-in-waiting John Ternus spoke to investors as Apple reported a gross profit margin approaching 50%.
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Roblox Cuts Outlook as Safety Efforts Weigh on First-Quarter Results
The videogame company now forecasts revenue of $5.87 billion to $6.14 billion for the full year, down from its prior outlook of $6.02 billion to $6.29 billion.
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Rivian Automotive Boosts Initial Capacity for Georgia Plant; First-Quarter Revenue Rises
Rivian plans to increase initial production capacity for a plant it's building in Georgia by 50%, a move the electric car maker disclosed as it posted higher revenue in its latest quarter.
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Air Canada Swings to First-Quarter Profit, Suspends Full-Year Guidance
The airline swung to a profit in the first quarter on resilient air travel demand, but suspended its full-year guidance amid unpredictable jet fuel costs.
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Amgen Posts Higher First-Quarter Profit, Revenue
The biotechnology company reported a profit of $1.82 billion, driven by a 4% rise in product sales.
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Reddit Stock Gets Much- Needed Earnings Boost
Reddit reported adjusted earnings of $1.01 a share, beating estimates of 57 cents a share.
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Clorox Cuts Earnings Outlook Despite Higher Profit
The cleaning-products maker lowered its outlook for earnings per share to $4.78 to $4.98 for the year, down from previous guidance of $5.60 to $5.95.
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Stryker First-Quarter Sales, Profit Rise as it Dealt with Cyberattack
The medical-device company posted a profit of $745 million, up from $654 million in the same quarter a year ago.
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FCC's Carr Says Disney TV License Review Isn't About Kimmel
The commission's chairman said the decision to do an early review of ABC licenses is related to DEI initiatives, not speech.
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Union Pacific, Norfolk Southern Refile Rail-Merger Application
The latest application says the merged railroad would have a 39% market share and provides conditions under which Union Pacific would walk away from the tie-up.
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Cigna to Exit Affordable Care Act Market, Adding to Tumult
The move follows Aetna's departure from the ACA market, which has seen significantly declining membership amid rising premium bills.
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Elon Musk Concludes Testimony in OpenAI Lawsuit
OpenAI President Greg Brockman and Musk's fixer, Jared Birchall, are also expected to testify on Thursday.
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Eli Lilly Shares Jump 10% as Mounjaro, Zepbound Fuel Massive Growth
Surging consumer demand for blockbuster weight-loss drugs helped offset their declining prices.
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Caterpillar Lifts Outlook as AI-Fueled Power Demand Persists
Caterpillar said demand for its construction equipment, engines and generators remains strong despite rising geopolitical tensions and higher energy prices.
(END) Dow Jones Newswires
April 30, 2026 21:00 ET (01:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.