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Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File PhotoRemo Casilli | ReutersDETROIT — Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks ahead of the sports car maker revealing its first all-electric vehicle.Here’s how the company performed in the first quarter compared with average estimates compiled by LSEG: Earnings per share: 2.33 euros ($2.72) adjusted vs. 2.27 euros expected Revenue: 1.85 billion euros vs. 1.81 billion euros expectedFerrari’s revenue was up more than 3% compared with 1.79 billion euros during the first…

Piotr Swat | SOPA Images | Lightrocket | Getty ImagesMajor health insurers appear to be off to an encouraging start this year — but a crucial test for the sector is still ahead.Solid first-quarter results have helped lift investor sentiment, even as insurers continue to grapple with higher medical costs. Companies including UnitedHealth, Elevance, Cigna and Humana all beat estimates for the quarter, with some hiking their 2026 outlooks. Those results were largely expected due to seasonal factors such as a milder flu season and weather disruptions that temporarily suppressed medical costs, said Barclays analyst Andrew Mok. A more meaningful signal,…

Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty ImagesPfizer on Tuesday posted first-quarter earnings and revenue that topped estimates and reaffirmed its 2026 outlook, as its recently launched and acquired products showed growth. Older top-selling drugs, including its blood thinner Eliquis, also helped drive demand in the quarter and offset the decline in revenue from Pfizer’s Covid vaccine and antiviral pill to treat the virus, Paxlovid. Here’s what the company reported for the first quarter compared with what Wall Street was expecting, based on a survey…

Executives from CoreWeave, one of the biggest success stories of the artificial intelligence boom, have publicly touted the company’s leading position in the AI race and the future windfall expected from it. Loading audio narration… Behind the scenes, they’ve been cashing out of their company stock.Three of the most senior executives at CoreWeave have together sold more than $1 billion worth of their shares in the first four months of 2026, according to public filings.Only the c-suites of four other companies in the S&P 500 had similar levels of stock selling during the same period, according to InsiderFinance, which analyzes…

AI is contributing to mounting inflationary pressures that are weighing on US consumers, Goldman Sachs said. Loading audio narration… It’s been predicted that the technology could rewire the global economy by fueling transformational productivity gains and spurring a wave of disinflation, but so far, it’s actually adding to inflation, Goldman said.”We expect artificial intelligence to deliver large productivity gains over the next several years, boosting the economy’s potential growth rate and putting downward pressure on production costs. So far, however, AI is boosting US inflation,” the economists wrote.Bank of America said recently that anticipated AI-fueled productivity gains could be part…

This as-told-to essay is based on a conversation with Claudia Romo Edelman, a 55-year-old philanthropist and the founder of Sotol Romo, based in New York City, about her daily routine. It’s been edited for length and clarity.I was raised in northern Mexico. I’m a marketer for social causes and a global mobilization expert. I’ve spent more than three decades working with organizations like the United Nations, UNICEF, and the World Economic Forum, helping to create campaigns and movements.I moved to the US about a decade ago, and I run a nonprofit called We Are All Human, dedicated to elevating the…

Costco’s sprawling sales floor is sometimes likened to a racetrack, but lately it can feel more like a demolition derby. Loading audio narration… It’s a change that has taken a few years to emerge, but new numbers from Placer.ai, a market research firm that analyzes foot traffic, show how much more crowded Costco has gotten in the last few years.Shopping visits to Costco warehouses ticked up by more than 18% from the first quarter of 2019 to 2026 as US consumers have turned to the club for relief from rising prices (and the occasional free sample).That growth has come through…

This as-told-to essay is based on a conversation with Victoria Hugo, a 28-year-old art business owner based in Surrey, UK. It has been edited for length and clarity. Loading audio narration… After a decade as a content creator and running a social media business, I quit to start painting again.At 17, I made a TikTok account posting videos about body painting, face painting, and canvas work. My channel grew quickly, and within a year, I had a million followers.I realized brands weren’t on the platform yet, and I could help them get on it. So in 2021, I started a…

Palantir has become the latest company to tout its use of AI tokens. Loading audio narration… On its earnings call Monday, CTO Shyam Sankar said Palantir customers are burning through record numbers of tokens on the company’s AI platform, AIP, because their cost is falling so quickly.Tokens are the building blocks of AI. Each one roughly makes up about ¾ of any word that’s processed by a chatbot, and AI companies often charge based on how many tokens are used.”Tokens are the new coal,” Sankar said, adding that “AIP is the train.”He pointed to Jevons paradox, the idea that gains…

Wall Street and Silicon Valley are betting that generative AI will kick off an Industrial Revolution-sized paradigm shift. And who do business leaders call when they need to make a change? Loading audio narration… Consultants.Anthropic is teaming up with some of Wall Street’s biggest investors for a $1.5 billion joint venture for “AI-native enterprise services” — or, in easier-to-understand terms, the “McKinsey of AI,” said one insider with direct knowledge of the deal.The four founding partners, Anthropic, Blackstone, Hellman & Friedman, and Goldman Sachs’ asset management arm, announced the deal Monday. The first three firms each contributed $300 million to…