- Reuters
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off. Yandex's Nasdaq-listed and Dutch-registered parent, Yandex NV, in February struck a $5.2-billion deal after months of negotiations to sell its assets in Russia at a heavily discounted price due to Kremlin demands on foreign asset sales. Yandex's search and portal business and entertainment services were also among the business lines to contribute to the revenue rise, Yandex said.
- Barrons.com
These Stocks Are Moving the Most Today: Alphabet, Microsoft, Intel, Snap, Meta, Exxon, Chevron, and More
Alphabet shares surge after Google’s parent posts better-than-expected earnings and announces its first cash dividend, Microsoft posts 31% quarterly growth in Azure cloud-computing revenue, and Snap soars after issuing a strong forecast for second-quarter sales. Earnings are scheduled Friday from Exxon Mobil and Chevron.
- Bloomberg
Stocks Gain on Tech Rally, Yen Pares Record Slump: Markets Wrap
(Bloomberg) -- European stocks gained along with US equity futures following blockbuster earnings from Microsoft Corp. and Alphabet Inc. The yen weakened to a 34-year low before paring losses in a sharp move, with traders on guard for any hints of intervention from Japan.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talk
