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Friday, May 01, 2015

TOP WORLD FINANCIAL NEWS ON MAY 1st, 2015



Billionaire investor Warren Buffett said he believes the Fed won't be in any hurry to increase interest rates-in part because of the softer U.S. economy but more so due to what's going on in European bond markets. (CNBC)

U.S. stocks looked poised in early trading for a positive start for the month of May. The DowS&P 500, and Nasdaq finished April in positive territory, but only just. (CNBC)

Dow component Chevron (CVX) leads this morning's list of earnings reports. Rival Exxon Mobil (XOM), also a Dow stock, Thursday beat on the top and bottom lines. There are no major reports after the bell today. (CNBC)

Visa (V), another Dow component, late Thursday reported earnings and revenue that beat forecasts, despite the impact of a strong dollar and lower crude oil prices. But Visa did issue a weak outlook. (CNBC)

Shares of LinkedIn (LNKD) were sharply lower in premarket trading, after the social network cut its full-year forecast. Earnings and revenue for the latest quarter did beat estimates. (CNBC)

Tesla (TSLA) has unveiled a business called Tesla Energy, which will focus on batteries for homes, businesses, and utilities. "The sun doesn't shine at night," CEO Elon Musk said last night at a press conference. (CNBC)

The Apple Watch Sport 38 mm retails for $349, but the teardown shows itcosts less than $84 to make, according to a preliminary estimate by research firm IHS. (Reuters)

Federal regulators will order operators of Boeing (BA) 787 Dreamliners toshut down the plane's electrical power periodically after the aircraft maker discovered a software error. (NY Times)

American Express (AXP) cannot prevent merchants from steering customers toward cards with lower fees than Amex charges, according to a federal judge's ruling. (Reuters)

Brussels is set to widen its front against U.S. tech companies just two weeks after the launch of its landmark competition case against Google (GOOG) by initiating a separate investigation into a wider range of online platforms. (FT)