Hegseth says ‘the ceasefire is not over’ after U.S., Iran exchange fire

DOD expected “some churn at the beginning” of “Project Freedom,” Defense Sec. Hegseth said, referring to an effort to move ships through the Strait of Hormuz.
Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown

The “Universal Electric Vehicle” platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.
Ferrari tops Wall Street’s first-quarter expectations ahead of EV debut

Ferrari NV on Tuesday beat Wall Street’s first quarter earnings expectations and reconfirmed its guidance for the year.
Here are Tuesday’s biggest analyst calls: Apple, Tesla, CoreWeave, Amazon, Palantir, Home Depot & more

Here are the biggest calls on Wall Street on Tuesday.
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining

Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.
Michael Burry sells GameStop after Ryan Cohen’s hefty eBay bid: ‘Never confuse debt for creativity’

The “Big Short” investor said the proposed deal’s enormous leverage shattered the investment case he had been building.
This AI play gets two price target increases ahead of earnings

This stock is set up well heading into its earnings report, due Thursday after the bell.
Major health insurers show signs of recovery – but a key test looms

Insurers have incomplete data on medical costs in the first quarter due to a lag in claims processing, which sets up the second quarter as the real test.
Milken-adjacent Power100 attendees aim to reclaim the DEI in finance narrative

Blueprint Capital’s Power100 weekend convenes diverse leaders in finance ahead of the Milken Institute Global Conference.
Pfizer tops Wall Street estimates, reaffirms outlook as newer products show growth

Pfizer is looking to newer products and acquisitions to offset a declining Covid business.