Wall Street Today | Powell hardens hawkish pivot toward half-point Fed rate hikes

"I would say that 50 basis points will be on the table for the May meeting," Powell said at an IMF-hosted panel on Thursday in Washington that he shared with European Central Bank President Christine Lagarde and other officials. He said demand for workers is "too hot -- you know, it is unsustainably hot."
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Consensus earnings estimates for the S&P 500 are "overly pessimistic" for the first quarter and companies in the index are poised to deliver a surprise of 4% to 5% on "better-than-feared margins," according to a team of JPMorgan strategists led by Dubravko Lakos-Bujas and Marko Kolanovic.
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The decision to pull the plug on CNN+, which was off to an underwhelming start, came less than two weeks after CNN ownership shifted from $AT&T(T.US)$ to a newly created company called $Warner Bros Discovery(WBD.US)$, the result of a merger of the entertainment and news assets of the telecom giant and Discovery.
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In a regulatory filing, Mr. Musk also said he was considering taking his offer straight to $Twitter (Delisted)(TWTR.US)$shareholders, bypassing a board that appears dug in. Twitter said Thursday it was reviewing the newly detailed proposal.
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$Amazon(AMZN.US)$ is extending some of the offerings of its popular Prime membership program to merchants off its platform with a new service that embeds the online retailing giant's payment and fulfillment options onto third-party sites. Called Buy with Prime, the service will allow merchants to show the Prime logo and offer Amazon' s speedy delivery options on products listed on their own websites.

$Carvana(CVNA.US)$ joined the cast of postpandemic losers that includes $Netflix(NFLX.US)$ and $Peloton Interactive(PTON.US)$ as investors tossed away the company's ambitious growth targets and dumped its stock. Shares of the online used-car retailer are down 20% in the past two days and nearly 80% since their peak last summer. Carvana's earnings on Wednesday laid bare its failure to upend the used-car market despite borrowing billions of dollars to juice growth.