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Meta Platforms (NASDAQ: META) faces a pivotal moment after recent earnings, as analysts cut price targets due to increased expenses for the Metaverse and AI. Despite the stock dip from AI spending concerns, analysts believe in Meta's strong core business and potential future profitability.

U.S. regulators are seizing Republic First Bancorp and arranging for its sale, following the bank's struggles with high costs and profitability issues. The bank's operations will be transferred to Fulton Bank after regulatory approval.

Chinese electric car start-ups Nio and Xpeng are expanding their market reach by introducing new affordable models, potentially boosting their competitiveness. This move comes amidst positive market sentiment towards China-based EV makers, driven by reports of government incentives for electric vehicle purchases.

ResMed reports strong earnings, surpassing Wall Street expectations in fiscal Q3, leading to a significant increase in stock price and demand for its sleep apnea devices.

Skechers Inc. experienced a significant boost in its stock price following an impressive first-quarter performance, with earnings surpassing expectations and record-breaking revenues of $2.25 billion. Analysts also raised the price target on the stock due to the company's strong international market presence and increasing direct-to-consumer sales.

Tech giants like Microsoft and Alphabet surpass Wall Street expectations in their recent earnings reports, crediting their profits to investments in AI. The companies continue to prioritize AI, with Microsoft investing nearly $10 billion abroad to solidify its position in the market, driving chip stock increases.

NatWest Group PLC saw a decline in mortgage lending and net interest income in the first quarter of 2024. Despite this, its profit fell less than expected, leading to a rise in shares as results exceeded forecasts, bringing them close to a five-year high. The government also reduced its stake in the company.

Exxon Mobil's first-quarter earnings fell short of expectations due to declining refining margins and plummeting natural gas prices, impacting the industry.

The core personal consumption expenditures price index rose by 0.3% in March, exceeding expectations, potentially impacting the S&P 500 outlook. This unexpected inflation increase may delay rate-cut decisions and raise concerns about sustained price pressures.

The U.S. National Highway Traffic Safety Administration is investigating if Tesla's recall of over 2 million vehicles in December to enhance Autopilot safety measures is sufficient.