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News Roundup Tweet

Summarize industry news by providing a newsletter or article, formatted with a short title followed by bullet points.


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📉 S&P 500 down 2.6% over 4 sessions, unease in regional bank sector weighs on market sentiment

📉 U.S. stocks finished lower as regional bank shares continue to crash

💰 Apple posts better-than-expected Q1 on record iPhone sales, authorises US$90bn share buyback

📉 PacWest Bancorp shares fall 50% after confirming strategic options including a possible sale

🏭 China Caixin manufacturing PMI slips into contraction

💼 Shopify to cut 20% of its workforce, UBS plans to retain Credit Suisse's investment-banking unit and sell the rest

💰 Ferrari (+5.1%) Q1 double beat, shipments up 10% YoY

🚘 Carvana (+1.8%, after hours +24.3%) Q1 double beat, hopes to achieve positive adjusted EBITDA in Q2

💸 Paramount Global (-28.4%) Q1 double miss, cut its dividend to 5 cents from 24 cents

🌍 Eurozone PMIs show business activity growth

💰 Nearly half of Americans worry their bank deposits aren't safe

📊 Markets pricing in probability of dovish Fed pivot as soon as June.