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Initial unemployment claims dropped more than expected to a fresh pandemic-era low, with new filings

U.S. stock futures traded higher in early pre-market trade after the Dow Jones dipped 185 points in the previous session. However, Wall Street recorded gains for the month of April.At 7:52 a.m. ET, Dow E-minis were up 211 points, or 0.65%, S&P 500 E-minis were up 23.25 points, or 0.56% and Nasdaq 100 E-minis were up 45.75 points, or 0.33%.The 30-stock average dropped 185 points, or 0.5%, on Friday but still closed out April with a monthly gain of 2.7%. TheS&P 500andNasdaqfared worse than theDow

It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi

NIO Earnings Looked a Lot Like Ford’s. What to Know.Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.NIO is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.NIO lost 23 cents a share on an adjusted, non-GAAP basis, from $1.2 billion in sales.

Electric-car companyTeslahas now produced a profit for seven consecutive quarters. Tesla managed aGAAPnet income of $438 million in the first quarter, up from just $16 million one-year prior. It would appear, at least at first glance, that the electric-vehicle pioneer is on the right track in terms of profitability.The problem is that these profits aren't really coming from the cars that Tesla sells. The company currently generates hundreds of millions of dollars in pure profit each quarter fro

Chevron Corp’s first-quarter profit fell 29% compared with the same period a year ago as gains from