(Reuters) – Main values to follow Wednesday at Wall Street, where the contracts in the main indices suggest an opening up 1.64% for the Dow Jones, 2.1% for Standard & Poor’s -500 and 2.44% for Nasdaq.
* Tesla reported on Tuesday of a better profitability than expected in the first quarter, but the turnover of the American automaker did not meet expectations over the period, while its sales fell.
In addition, Elon Musk said on Tuesday that the production of his Humanoids Optimus robots had been affected by the export restrictions of rare earth magnets imposed by China and that he would reduce his work for President Donald Trump to one or two days a week from next month.
* Intel should unveil this week reduction plans of more than 20% of its workforce, with the aim of rationalizing operations and reducing bureaucratic ineffections, Bloomberg reported on Tuesday, citing a person familiar with the subject.
* Meta Platforms – The group’s surveillance committee of the group A strongly reprimanded the owner of Facebook and Instagram on Wednesday for a revision of its policy in January which reduced the verification of the facts and relaxes the restrictions imposed on discussions on controversial subjects such as immigration and gender.
* Snap – Florida continues the owner of the Snapchat photo sharing application in court, accusing him of illegally using functions that make dependent children and open accounts for children aged 13 or under.
* Packaging Corp of America anticipates a profit in the second quarter lower than Wall Street estimates, while the packaging manufacturer says navigating in an uncertain macroeconomic environment.
* Intuitive Surgical said it was concerned Tuesday by the potential impact of customs duties on its annual results, the group has exceeded Wall Street estimates for the benefit and turnover of the first quarter.
* EQT announced Tuesday its intention to buy the active workers upstream and downstream from the Olympus Energy oil and gas producer for $ 1.8 billion in order to extend its presence in the Marcellus region, rich in natural gas, in the United States.
* Conocophillips One of the main American oil and gas producers, plans to dismiss staff, said the company on Tuesday, as part of a large campaign aimed at controlling costs and rationalizing operations after the repurchase of its competitor marathon Oil for an amount of $ 23 billion.
* Cantor Fitzgerald – Brandon Lutnick, son of the US Secretary of Commerce Howard Lunick and president of the brokerage company, joins SoftBank, Tether and Bitfinex to create a Bitcoins acquisition vehicle worth several billion dollars, the Financial Times reported on Tuesday.
* Capital One Financial reported an increase in his profit in the first quarter on Tuesday, the specialist in consumer credits having been helped by an increase in payments of interest on credit cards.
* Baker Hughes exceeded Wall Street’s expectations for its first quarter benefit on Tuesday, helped by a sustained demand for its equipment and drilling technology on international markets and North America.
In addition, the group said Tuesday that customs duties may have an impact of $ 100 million to $ 200 million on its annual operating profit.
* Steel Dynamics exceeded Wall Street’s estimates on Tuesday for its turnover and its first quarter profit, thanks to the increase in steel deliveries during the quarter.
* Enphase Energy missed analysts on Tuesday for his benefit from the first quarter, affected by the slowdown in demand in the United States, and has provided a turnover for the second quarter lower than expectations.
* 23Andme – The genetic test company, bankrupt, could be confronted with the opposition of the United States government if it is trying to sell itself to a foreign buyer, according to a legal file filed Tuesday by national security agencies.
* CHUBB announced on Tuesday a fall of 38% of its profit in the first quarter, losses linked to forest fires in California having weighed on its results and the yield of its investments.
* Trump Media & Technology Group said on Tuesday that it had concluded a binding agreement to deploy a range of retail investment products, including cryptocurrencies, in its latest attempted diversification in financial services.
(Written by Mara Vîlcu, edited by Kate Entringer)
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