Transportation Secretary Sean Duffy has hailed a new funding bill signed by President Donald Trump that pulls over half a billion dollars in funds from EV-related schemes.
The U.S. Department of Justice filed an appeal on Tuesday in response to a ruling that did not mandate Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google to sell off its Chrome browser or terminate its profitable agreement with Apple Inc. (NASDAQ:AAPL) as the default search engine on new devices.
Earnings Release
Peloton Interactive, Inc. (NASDAQ:PTON) reported a disappointing second-quarter earnings report, with both earnings and revenue missing the consensus, and the announcement of a key leadership departure.
Snap Inc. (NYSE:SNAP) reported fourth-quarter earnings of 3 cents per share, topping expectations for a 3-cent loss. Revenue rose 10.2% year over year to $1.72 billion, beating consensus estimates of $1.70 billion.
Symbotic Inc. (NASDAQ:SYM) reported quarterly earnings of two cents per share, which missed the consensus estimate of three cents, and revenue of $629.99 million beat the Street estimate of $623.11 million.
Qualcomm Inc (NASDAQ:QCOM) reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion.
Arm Holdings Plc (NASDAQ:ARM) reported fiscal third-quarter revenue of $1.24 billion, beating analyst estimates of $1.22 billion and adjusted earnings of 43 cents per share for the quarter, beating estimates of 41 per share.
Advanced Micro Devices Inc (NASDAQ:AMD) reported fourth-quarter revenue of $10.27 billion, beating analyst estimates of $9.67 billion and adjusted earnings of $1.53 per share for the fourth quarter, beating estimates of $1.32 per share.
Alphabet reported fourth-quarter revenue of $113.83 billion, beating a Street consensus estimate of $111.31 billion and earnings per share of $2.82, beating a Street consensus estimate of $2.63.
Amazon.com, Inc.
