Live Stocks are rallying as Trump eased fears over China tariffs and Powell. See the latest. Saudi • SAR Kingdom Holding Company (4280.SR) Follow Add holdings 8.88 -0.03 (-0.34%) At close: 3:18:45 PM GMT+3 Related News Intel stock surges as chipmaker reportedly plans to cut 20% of workforce Intel stock rallied early Wednesday following a report that said the company is preparing to cut up to 20% of its workforce. Markets have 'hit' the Trump 'put level,' this strategist says US stock futures (ES=F, NQ=F, YM=F) rebounded after US President Trump said he doesn't plan to fire Federal Reserve Chair Jerome Powell and signaled a pullback on China tariffs. Truist co-chief investment officer and chief market strategist Keith Lerner tells Morning Brief hosts Madison Mills and Brad Smith that it seems the market has found the "Trump put," or the level at which market declines are enough for the president to act. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Meta: EU is trying to ‘handicap successful American businesses’ with new fines Meta fired back at the European Union’s decision to levy a $228 million fine against the social media giant, calling it an inequitable application of the bloc's new competition laws. Elon Musk finally acknowledged what must be done to rescue Tesla You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Elon Musk wasted no time on Tesla’s (TSLA) earnings call late Tuesday acknowledging the EV maker’s biggest roadblock to sunnier financial days. That is his outsized time being spent at President Trump’s controversial DOGE master. And he finally clearly articulated what must be done to jumpstart an automaker that saw sales and profits fall off a cliff in the first quarter. “Starting early next month, in May, my time allocation to DOGE will drop considerably," Musk said on the call. The path to renewed sales and profit growth won’t be easy, however. The Tesla brand will likely continue to feel blowback from Musk’s outspokenness on government policies. At the same time, tariff policy stands to hammer margins given Tesla’s exposure to solar panels from China and autos being made outside the US. The uncertainty on how quickly Musk can fix Tesla is something execs pointed to on the earnings release — Tesla yanked its 2025 financial guidance, promising to revisit it when second quarter results hit. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Tesla needs 'the next big thing' to woo the mass market Tesla (TSLA) CEO Elon Musk says the Model Y Refresh is on track, but the new model comes as the electric vehicle (EV) giant faces controversy tied to Musk's political work. Edmunds head of insights, Jessica Caldwell, joins Julie Hyman and Freedom Capital Markets chief global strategist, Jay Woods, on Yahoo Finance's Tesla earnings special to discuss what the next growth driver for Tesla could be. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Tesla stock: Why 8 state treasurers wrote to the board Eight state treasurers sent a letter to Tesla's board expressing concern about the company's leadership, writing, "Tesla’s recent performance signals deeper governance and leadership challenges that, if left unaddressed, could have serious consequences for the company and its stakeholders." One of the people who signed the letter is California State Controller Malia Cohen (Dem.). She explains why in the video above. For more expert insight and the latest market action, click here. Tesla's energy business is a bright spot of its Q1 earnings Tesla's (TSLA) first quarter results missed analyst estimates on the top and bottom lines, but one bright spot of the report was the electric vehicle (EV) giant's energy storage unit. Yahoo Finance Senior Reporter Alexandra Canal breaks down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Tesla Q1 revenue was a 'huge miss' but margins were 'pretty solid' Tesla (TSLA) reported first quarter earnings, which missed analyst estimates on the top and bottom lines. ROTH MKM senior research analyst Craig Irwin joins Yahoo Finance's Tesla earnings special with Julie Hyman and Myles Udland to share his instant reaction to the earnings print. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Solar stocks climb as some solar imports hit with 3,500% tariffs Solar stocks and ETFs, like First Solar (FSLR), Sunnova Energy (NOVA), Enphase (ENPH), and Invesco Solar ETF (TAN), are jumping after the US government announced tariffs up to 3,500% on solar panel imports from some Southeast Asian countries. Yahoo Finance Senior Business Reporter Ines Ferré outlines the latest on Market Domination. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Meta releases its CapCut rival Edits globally Meta announced on Tuesday that it's officially launching Edits, its CapCut-like video-creation app. Releasing globally, Edits will allow creators to do things like keep track of video ideas, get inspiration for new content, and create videos with effects and AI tools. The app is available on iOS and Android. All of the app's features will be accessible for free at launch. However, Instagram head Adam Mosseri said earlier this month that later versions of Edits may include paid features. The comp Tesla pre-earnings pop, Verizon subscribers, GE Aerospace tariff On today's Market Minute, Madison Mills outlines the trending stories on Wall Street. Tesla (TSLA) stock is trading higher ahead of its first quarter earnings release. Verizon (VZ) stock is in focus after the company reported quarterly results that showed the telecommunications giant lost more wireless subscribers than expected. GE Aerospace (GE) maintained its full-year earnings guidance, with the company saying it is working to offset tariff impacts. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. Tesla is 'way down' but 'can go lower': What Elon Musk can do Tesla (TSLA) is set to report first quarter earnings results on Tuesday after the closing bell on Wall Street. Harvest Portfolio Management chief investment officer Paul Meeks joins Morning Brief with Brad Smith and Madison Mills to outline his bearish view of Tesla stock and what he wants to hear from Elon Musk. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Meta expands AI access on Ray-Ban smart glasses in Europe People in Germany, Austria, Belgium, Denmark, Norway, Sweden and Finland will now be able to interact with Meta AI using voice prompts to get answers to general questions, the Facebook and Instagram parent said. Meta launched its AI technology in Europe in March, a rollout that was initially announced in June last year but was delayed following regulatory concerns on data protection and privacy. While Meta AI was launched in the U.S. in 2023, its release in Europe faced several hurdles due to the European Union's stringent privacy and transparency rules. Q1 2025 Enphase Energy Inc Earnings Call Q1 2025 Enphase Energy Inc Earnings Call Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought The sell-off is bringing out buying opportunities for the aggressive growth investor. Got $3,000? 3 Artificial Intelligence (AI) Stocks to Buy and Hold for the Long Term Thus, now is likely an excellent time to take starter positions, and these stocks could serve investors well. When it comes to AI investing, it's likely too early to count out Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Alphabet first began using AI in 2001, and since then, it has been a pioneer in the technology. Boeing Stock Surges on Earnings. There Is Still a Lot of Uncertainty Ahead. Boeing produced an earnings ‘beat.’ That’s good news. Coming into Q1, it had missed earnings estimates in 19 of the past 44 quarters, according to Bloomberg. Boeing Stock Surges On Q1 Results, Plus $10.6 Billion Deal Boeing stock climbs earnings beat as operational performance improves. Dow Jones jet maker strikes deal for navigation business. Apple and Meta Are Hit With EU Fines. Why That Could Provoke Trump. Apple received a 500 million euros ($571.3 million) penalty on Wednesday while Facebook-owner Meta was fined €200 million, both for breaches of the EU’s Digital Markets Act. Intel Stock Jumps as Chipmaker Reportedly Plans To Cut Over 20% of Staff Intel shares rose Wednesday, following a report the struggling chipmaker is planning to cut more than 20% of its staff. Performance Overview Trailing total returns as of 4/23/2025, which may include dividends or other distributions. Benchmark is Tadawul All Shares Index (^TASI.SR) Return 4280.SR Tadawul All Shares Index (^TASI.SR) YTD +1.25% -2.95% 1-Year +28.06% -6.43% 3-Year +0.79% -13.69%