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• ☕️What Else is Brewing Wednesday Morning
  Amazon’s ad revenue is soaring, thanks to commercials. The...
  Amazon’s ad revenue is soaring, thanks to commercials. The e-commerce giant that tries to sell you toilet paper in between episodes of Fallout generated $11.8 billion in Q1 advertising revenue, demolishing analysts’ expectations due to its addition of streaming ads in default Prime Video subscriptions. Ad sales were up 24% from the same period a year ago, when the company had yet to include commercials on its streaming platform. The ad boom powered Amazon to a big earnings beat, posting $143 billion in total revenue for the quarter.
  
  Meta is being investigated by the European Union for its handling of disinformation ahead of parliament elections in June.
  
  Women should get mammograms every other year starting at age 40, according to new guidance from the US Preventive Services Taskforce, due to rising rates of breast cancer in people under 50.
  
  Donald Trump was held in criminal contempt, fined, and threatened with jail time by a New York judge for repeatedly violating a gag order in his hush money trial.
  
  Subway completed its sale to the private equity firm Roark Capital for $9.6 billion.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery fell 70 cents to $81.93 per...
  Benchmark U.S. crude oil for June delivery fell 70 cents to $81.93 per barrel Tuesday. Brent crude for June delivery fell 54 cents to $87.86 per barrel.
  
  Wholesale gasoline for May delivery fell 4 cents to $2.71 a gallon. May heating oil fell 2 cents to $2.51 a gallon. June natural gas fell 4 cents to $1.99 per 1,000 cubic feet.
  
  
  
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• U.S. stocks post worst month of 2024 ahead of Amazon earnings, Fed rate decision
  U.S. stocks closed out April with a whimper as the three major benchmark...
  U.S. stocks closed out April with a whimper as the three major benchmark indexes suffered their worst monthly percentage decline in 2024.
  
  The Dow Jones Industrial Average was down 4.9% this month, posting its biggest monthly decline since September 2022. The S&P 500 and the Nasdaq Composite each slumped around 4.2% to record their first monthly drop since October, according to preliminary data from FactSet.
  
  The Dow industrials were off over 570 points, or 1.5%, to end near 37,815.
  
  The S&P 500 dropped around 80 points, or 1.6%, to finish near 5,035.
  
  The Nasdaq Composite slumped roughly 325 points, or 2%, ending at around 15,657.
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• Marathon Petroleum Q1 Earnings and Revenue Beat Estimates
  Marathon Petroleum Corp (...
  Marathon Petroleum Corp (NYSE: MPC) reported on Tuesday higher-than-expected earnings and revenues for the first quarter despite lower refining margins and profits compared to the same period last year.
  
  Marathon Petroleum’s first-quarter net income came in at $937 million, or $2.58 per diluted share, one of the biggest U.S. refiners said Tuesday.
  
  The earnings per share were slightly higher than the analyst consensus estimate of $2.54 compiled by The Wall Street Journal.
  
  Total revenues of $33.2 billion were lower than the $35.1 billion revenues for the first quarter of 2023 but topped the consensus estimate of $32.01 billion.
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• Home prices in top U.S. cities at new all-time high: Case-Shiller
  The numbers: Home prices in the 20 biggest U.S. metros...
  The numbers: Home prices in the 20 biggest U.S. metros inched up to a new record high, as home-buying demand continued to outpace the availability of properties for sale.
  
  The S&P CoreLogic Case-Shiller 20-city house price index rose 0.6% in February compared to the previous month. The 20-city and the national index are at an all-time high. The national index also rose at the fastest annual pace since November 2022. 
  
  Home prices in the 20 major U.S. metro markets were up 7.3% in the 12 months ending in February.  San Diego posted the biggest year-over-year home-price gains in February. Prices were up 11.4%.
  
  A broader measure of home prices, the national index, rose 0.4% in February and also was up 6.4% over the past year. All numbers are seasonally adjusted.
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