Occidental Petroleum's recent jaunt to Omaha aboard a corporate jet presaged a $10 billion investment from Warren Buffett, and now the plane has traveled to the hometown of oil major Royal Dutch Shell. 

Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production.

Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology. 

Oil prices dropped 1% on Thursday amid concerns over the escalating trade battle between the United States and China, despite a surprise fall in U.S. crude stockpiles. 

Ridesharing company Lyft (NASDAQ: LYFT) reported revenue of $776 million for the first quarter, up 95% year over year.It also reported an adjusted net loss of $211.5 million. 

Chesapeake Energy (NYSE: CHK) -6.4% pre-market after falling short of Wall Street expectations for Q1 earnings and revenues; pre-market trading is active, with volume topping 600K shares at 7:30 a.m. 

Walmart is raising the minimum age to buy tobacco products and e-cigarettes at its U.S. stores to 21, amid pressure from regulators to cut tobacco sales and use among minors. The world’s largest retailer also said it will also stop selling fruit and dessert flavored e-cigarettes, which critics say can hook teenagers on vaping. The new rules will take effect in July at all its 5,300 U.S. stores, including its Sam’s Club warehouse locations.Previously, Walmart’s minimum purchase age was 18, aside from a number of states where the legal age is 21.

Tesla closed its $2.7 billion offering of stock and convertible notes.The company says it was over-subscribed, giving the electric carmaker much needed cash for production. Tesla sold about $860 million in shares and $1.84 billion in debt, after the underwriters exercised their option to buy 15 percent in each offering.  Shares of the company were down 0.8 percent at $245.20 in trading before the bell.  Tesla last week reported a larger-than-expected Q1 loss as well as lower sales. It also showed dwindling cash reserves, ending the quarter with $2.2 billion, $1.5 billion less than in the end of 2018, thanks in part to a $920 million convertible-bond payment in March.

Under political pressure not to cut jobs, General Motors Co announced on Wednesday it was in talks to sell its Lordstown, Ohio, plant to an electric truck-building company and also said it would maintain some operations at a Canadian factory.

Qorvo reported its fiscal fourth quarter bottom-line that exceeded analysts’ expectations. The radio frequency device chipmaker reported  earnings of $1.22 per share for the quarter, compared to analysts’ estimates of $1.05 per share (based on FactSet data). Revenue of $681 million also surpassed analysts’ estimates of $670.6 million. For the current quarter, the company predicts earnings of $1.30 per share on revenue between $780 million and $800 million – both of which are higher than analysts’ expectations of $1.05 earnings per share on revenue of $690.1 million.  On May 6, Qorvo announced the completion of its acquisition of power management company Active-Semi International.

Zayo Group shares surged +9.2% during premarket Wednesday, following news of the Fiber network infrastructure company going private. As part of a $14.3 billion deal,  private-equity firms Digital Colony and EQT will pay $35 per share in cash for the company (which marks a 14.3% premium over Zayo's Tuesday closing price) and assume $5.9 billion of debt.Zayo operates a 130,000-mile data network in North America and Europe, spanning thousands of buildings and data centers. For Stockholm-based investment firm EQT, the deal would be its largest transaction in its 25-year history. The deal is expected to close in the first half of 2020, subject to regulatory clearance and approval by Zayo shareholders.  

Sprint reported a weaker-than-anticipated fiscal fourth quarter earnings,  owing to a drop in the number of new subscribers. In the three months ended March, the the telecom company incurred a loss of 4 cents per share which is worse than the 1 cent loss that analysts were expecting (according to IBES data from Refinitiv). It suffered a net decline 189,000 phone subscribers during the quarter, compared to a net loss of 117,000 expected by analysts (based on FactSet data). Sprint’s total net operating revenue climbed + 4.4% to $8.44 billion in the fiscal fourth quarter.

Walt Disney announced Tuesday that it will push back the release of science-fiction sequel “Avatar 2” by a year, to December 2021, and it will debut new “Star Wars” films in 2022, 2024 and 2026. Read More...

General Motors’ self-driving car division, Cruise, said Tuesday it received a $1.15 billion investment, raising the unit’s value to $19 billion. Read More...

Mylan NV fell the most in 19 years after the drugmaker offered no updates on a strategic review that has been going on for 10 months as its businesses struggle around the globe. Read More...

The world’s biggest retailer, Walmart, is all set to open its first online pet pharmacy along with the opening of dozens more veterinary clinics in its stores, as it hopes to tap on the growing pet market and lure more U.S. pet owners who are spending billions of dollars each year on their dogs and cats. Walmart is expected to open more than 80 veterinary clinics in its stores on top of its already existing 21 clinics across six states.In these stores, pets can receive vaccines, care for minor illnesses and other routine exams. Additionally, Walmart would offer low-cost prescriptions through its online pharmacy called WalmartPetRX.com for pets to rival the top pet e-commerce business Chewy.com. Analysts have figured a rough 60% rise in the number of pet related items sold on its website last year.

Shares of American International Group surged 7.6% in the after-hours trading Tuesday, after the company reported an adjusted EPS of $1.58 in the first quarter that beat consensus estimates of $1.06 and was also higher than $1.04 in the same quarter a year ago. The first quarter consolidated net investment for the company stood at $3.9 billion compared to $3.3 billion in the year-ago quarter, reflecting favorable market conditions. The company’s CEO justified the performance by saying that its underwriting and expense discipline, coupled with improved business mix and reinsurance actions, are the reasons for General Insurance’s achievement.He expects that this performance will be sustained for the rest of the year. Many analysts have observed that Life and Retirement continue to deliver an adjusted low-mid-ROCE and a two-digit adjusted ROCE for consolidated AIG within three years. Q1 adjusted ROCE came at 11.6% compared to 7.7% in the year-ago quarter, while core adjusted

Amid weakening market prices for oil and gas, Royal Dutch Shell clocked an impressive quarter, generating plenty of cash and buying back sizable amounts of stock. Key highlights of the earnings report include: revenue at $85.66 billion compared to $91.11 billion in the same quarter a year ago and $104.6 billion in the last quarter of 2018; net income at $6.00 billion compared to $5.90 billion in the same quarter a year ago and $5.59 billion in the last quarter of 2018; earnings per ADS at $1.48 compared to $1.42 in the same quarter a year ago and $1.36 in the last quarter of 2018; and finally, operating cash flow at $8.63 billion compared to $9.47 billion in the same quarter a year ago and $22.0 billion in the last quarter of 2018. The segments that performed best in the quarter were oil products and chemicals segments.As of today, Shell has production capacity of about 650,000 barrels of oil equivalent per day and 5.6 million tons per year of LNG, as well as 1.5

China ETF has a steep upwardly-sloped trend line and a bullish signal Since the global selloff ended in late December/early January, China’s market has moved sharply higher.The Shanghai Composite is up just shy of 25% since January 2 while the S&P 500 is up 17.4% during that same time period.

Chinese Vice Premier Liu He will travel to Washington for trade talks on Thursday and Friday, in an effort to avoid an increase in tariffs on Chinese goods announced by President Donald Trump.  U.S.officials have accused China of backtracking in the past week on substantial commitments made during months of negotiations aimed at ending their bruising trade war. Trump issued a new deadline to raise tariffs on $200 billion worth of Chinese goods to 25% from 10%. The higher tariffs would take effect on Friday if a deal is not reached by then.