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Invest in Argentina, Musk says in post alongside Milei

Tesla CEO Elon Musk called on investors to back Argentina in a social-media post with the country’s new leader, Javier Milei.

Apple spent $645 billion on buybacks in a decade. These companies were even more effective.

An analysis of the S&P 500 shows that large reductions in share counts over the long term are correlated with good performance for stocks.

Consol Energy sees Baltimore terminal shut through May after bridge collapse

Coal producer Consol Energy Inc. on Tuesday beat analysts’ lowered expectations for its first-quarter profit after the collapse of the Francis Scott Key Bridge in Baltimore shuttered a terminal that will remain closed through May, the company said.

Celsius stock drops 5% in premarket trading after revenue falls short of analyst estimate

Celsius Holdings Inc.’s stock was down by 5% in premarket trading after the energy drink and protein bar maker’s revenue missed the FactSet consensus estimate.

Bloomin’ Brands swings to Q1 loss, is exploring ‘strategic alternatives’ for Brazil business

In a separate announcement, the owner of Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill announced that Chief Executive Officer David Deno will be retiring after 12 years with the company, including the last five as CEO.

Saudi Aramco reports profit decline on falling volumes

Saudi Arabia’s national oil company first-quarter profit fell and missed analysts’ forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.

WK Kellogg’s stock rises as revenue beats analyst estimates

Cereal giant says margins grew wider.

‘We’ve had a hell of a run’: Stanley Druckenmiller cuts Nvidia stake.

Stanley Druckenmiller told the hosts of CNBC’s “Squawk Box” Tuesday morning that his firm had cut its stake in chip giant Nvidia Corp.

Canopy Growth exercises options to buy Wana Brands and Jetty Extracts as it moves into the U.S.

Canopy Growth made a $297.5 million up-front payment to Wana Brands in 2021.

Can good coffee help fix the office? Corporations think it helps.

The U.S. office market still needs a bigger fix as values of distressed buildings fall by half.

Crocs’ stock falls premarket as earnings beat is offset by soft guidance for Heydude brand

Crocs acquired the Italian brand Heydude in 2022 for $2.5 billion in cash and stock, adding a line of lightweight, casual slip-on shoes for men, women and children to its line-up.

Now is the time to invest in Chinese stocks, BTIG analyst says

Chinese stocks could soon be set to rally following a “rough start” to 2024, analysts at BTIG said.
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