Amazons Big Q1 Beat 📱TRUL CURLF 📈 ARCB MSTR 📉

FlowBank's hand-curated fresh financial news [header_noDither] Amazon Surpasses Q1 Expectations Amazon reported significant growth in its Q1 earnings, with profits more than tripling to $10.4 billion and revenue hitting $143.3 billion, exceeding Wall Street forecasts. This growth was fueled by a 24% increase in advertising revenue and a strong performance from Amazon Web Services. Despite extensive cost-cutting measures and layoffs affecting over 27,000 employees, the company projects continued profitability with expected revenue between $144 billion to $149 billion for Q2. Meanwhile, Amazon has yet to initiate a dividend, contrasting with recent moves by other tech giants like Meta and Alphabet. WHAT'S MOVING [Group 1742 (82)] [Start Trading](113/cXx8Z04/VWzdsW6by4b8N5tdLsT64-pmW7TctdS5dyhQrN6tf6X82-ZVTW6N1vHY6lZ3l2W2Z5wxW7wKYwVW2gQ1tT3pr443V5qZsT4fhxgfV2rpCW7yf9QBW7ZpRsK35LVNdN6rKCZvHRh9CW6zDPV93Zrs_lW4lRr4G4Wk-sDW4sKHTH2d5D5KW169Vnj32slvvN8XlRZMCSZ9LW1_sN811Dvk7nVmvldx3dQnjVW8rJ2DZ3hCKcKW2Dqkgc2HvsNJW1x3hkv7CD-RxW1PQHmh2tv7_KW1S3zsw75sbfcV4qg4K9fmmkvW3MjgJX5lkHvhW5Y9QKL80lLRqVLdwDr7P6gNHf12BZkq04) [Group 3 (76)-1] Pinterest Pinterest's shares increased by 18% after reporting a Q1 revenue of $740 million, surpassing expectations by $40 million, and reducing their net loss significantly from the previous year. [Group 1753 (27)] AMD AMD's stock dropped 7% despite meeting Q1 expectations with a revenue of $5.47 billion and projecting $5.7 billion for the next quarter, signaling a steady growth in AI chip sales. [Group 1754 (26)] Binance Changpeng Zhao, co-founder of Binance, despite facing a four-month prison sentence for enabling money laundering, is expected to see his $33 billion fortune continue to grow, thanks to strong crypto market performance and significant ownership in Binance. WHAT'S COMING UP? USD: Nonfarm Employment Change (Apr): Exp. 179K v Prev. 184K USD: S&P Global US Manufacturing PMI (Apr): Exp. 49.9 v Prev. 51.9 USD: ISM Manufacturing PMI (Apr): Exp. 50.0 v Prev. 50.3 USD: ISM Manufacturing Prices (Apr): Exp. 55.5 v Prev. 55.8 USD: JOLTs Job Openings (Mar): Exp. 8.680M v Prev. 8.756M USD: Crude Oil Inventories: Exp. -2.300M v Prev. -6.368M USD: FOMC Statement USD: Fed Interest Rate Decision: Exp. 5.50% v Prev. 5.50% USD: FOMC Press Conference IN OTHER NEWS Wall Street S&P 500 futures dipped Tuesday evening, while the Dow and S&P 500 each fell over 1% and the Nasdaq declined by 2% during the day's trading. Rising bond yields, driven by a higher-than-expected employment cost index, heightened concerns that the Federal Reserve might maintain elevated interest rates. [Group 1769] Europe Trading volumes in Europe are likely to be light on Wednesday, as most markets are closed for the May Day/Labor Day holiday, except for London's FTSE index. The FTSE 100 is anticipated to open down by 11 points at 8,132. Key earnings reports expected include GSK, Next, Abrdn, Metro Bank, Aston Martin Lagonda, and Domino’s Pizza Group. MARKET INSIGHTS Fed Meeting Looms, BoJ Intervenes To Rescue Yen Currency markets ignited a week brimming with pivotal economic events with fireworks. 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