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 Schlumberger Ltd. shares rose 2% in premarket trade Friday, after the energy giant posted better-than-expected earnings for the first quarter. The company had net income of $299 million, or 21 cents a share, in the quarter, down from $374 million, or 27 cents a share, in the year-earlier period. Revenue fell to $5.223 billion from $5.532 billion. The FactSet consensus was for EPS of 19 cents and revenue of $5.089 billion. Revenue was reduced by the divestiture of certain North America businesses in the fourth quarter of 2020, which generated $285 million in revenue in the fourth quarter of 2020 and $659 million in the first quarter of 2020. Excluding those divestitures, revenue was flat sequentially and down 23% year-on-year. "Looking ahead, we continue to be encouraged by constructive macroeconomic drivers. While the world is still grappling with COVID-19 infection rates, vaccination programs and fiscal stimulus packages are expected to support a rebound of economic activity and oil demand recovery through the year," Chief Executive Olivier Le Peuch said in a statement. Shares have gained 16% in the year to date, while the S&P 500 has gained 10%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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SIVB earnings call for the period ending March 31, 2021.
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 Dow futures turn lower as S&P and Nasdaq continue to point to Friday gains
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 New Intel Chief Executive Pat Gelsinger said on Thursday that supply constraints, and the "immense" investment needed to meet demand, mean that the chip shortages affecting the automobile industry and other sectors are likely to last two more years.
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As social media giant Facebook prepares to release and discuss Q1 earnings, analysts might be wondering for how long growth can continue to exceed expectations with a data tracking fight brewing with Apple.
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 Cryptocurrencies took a beating Friday as President Biden is expected to unveil a plan to raise taxes on the wealthiest Americans.
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Trump—who got inoculated in private and has yet to film a vaccine PSA—has faced pressure to promote the shot as Republicans remain skeptical.
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Experts expect J&J vaccine pause to be lifted; Michigan cases fall 12.5% in the past week: Live COVID-19 updates USA TODAYIn Michigan, a record-breaking number of children have been hospitalized with Covid NBC NewsDr. Phillip Levy, the Chief Innovation Officer for Wayne Health, answers your vaccine questions WXYZ-TV Detroit | Channel 7Michigan coronavirus cases up to 809,591; Death toll now at 17,139 WDIV ClickOnDetroitAnger in Uruguay over surge in COVID infections and deaths Al Jazeera Engli
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EWBC earnings call for the period ending March 31, 2021.
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Global private equity major Bain Capital has reportedly reached a JPY110bn ($1bn) final close for its first Japan-focused fundraise.
The post Bain Capital said to strike JPY110bn final close for debut Japan-focused fundraise first appeared on AltAssets Private Equity News.
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U.S. Treasury yields grind lower in early Friday's trade, on track to cap a listless week as investors see signs of growing confidence among businesses in the eurozone.
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The airline giant is consistently losing more money than its top rivals, even though its revenue has recovered faster over the past year.
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Gold futures edge higher Friday, on track for a weekly rise.
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As of Friday, India has reported more than 4 million cases in April and at least 24,452 people have died.
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Shares of American Airlines Group Inc. climbed 1.2% in premarket trading Friday, after analyst Savanthi Syth at Raymond James said she was no longer bearish on the air carrier, as the recent selloff has provided to a more-balanced risk-reward profile. Syth raised her rating to market perform, after being at underperform since November. The stock fell 4.5% on Thursday after American reported first-quarter results, to mark the 12th decline in the past 13 sessions, a stretch in which the stock tumbled 17.2%. Over the same time, the U.S. Global Jets ETF had lost 8.3% while the S&P 500 gained 1.4%. "The healthy domestic/near-international recovery (particularly in markets where American is strong), funds from PSP2 and PSP3, as well as pension relief
included with PSP3 have lowered risks in the near- to medium-term relative to our late-November downgrade of AAL," Syth wrote in a note to clients.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The stocks making the biggest moves in premarket trading include Kimberly-Clark, Boston Beer, Mattel, and more.
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Plus: Europe struggles to finalise its green taxonomy,
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Demonstrations continue as community awaits bodycam footage from Andrew Brown Jr. shooting CNN N.C. sheriff: More than one deputy fired shots in killing of black man CNBC Television'Finally taking action' USA TODAYNew bill in NC Senate calls for change in release of body cam footage WITNWitnesses describe chaotic scene as deputies shot at Andrew Brown Jr. CNN
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SpaceX Crew-2 reaches orbit, with Elon Musk's company launching 10 astronauts in under a year CNBCSpaceX rocket carrying four astronauts launches from Florida CNN SpaceX launches NASA crew for mission to ISS on reused rocket after delay Fox NewsInternational Space Station Is About To Get Crowded, And It's Running Out Of Beds NPR
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Focus on the US economic agenda behind carbon pledges during second round of presentations
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Chorus of disapproval greets plan to double the top rate for wealthiest Americans
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Authorities fight for scarce supplies as country grapples with devastating second surge
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Indonesian navy detects object during search for missing submarine CNN Indonesian sub's crew oxygen dwindles as worries grow Fox NewsIndonesia searching for missing submarine with 53 on board WATE 6 On Your SideMissing Indonesian submarine crew members face diminishing survival prospects The Washington Post
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Moscow's departure brings two decades of rare co-operation with West to a close
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 Consumer Reports able to trick Tesla to drive with no one at wheel
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Upbeat economic data failed to give U.K. stocks a boost on Friday, with the pound surging and shares of heavily weighted AstraZeneca, Diageo and Unilever leading the way south.
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 We spend the day exchanging identities: between the personal self and the professional self, alternating not only between screens, but also between our different personalities and worlds, even in our own home.
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‘This disconnect between poverty and unemployment is not surprising.'
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Intel said first-quarter sales fell 1% to $19.7 billion, generating $3.4 billion in net income.
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BOOM earnings call for the period ending March 31, 2021.
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Futures ticked higher at the start of the overnight session as investors prepared to end a down week for equities.
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U.S. stocks trade modestly higher as investors dig through a heavy round of corporate earnings reports and the latest weekly data on jobless claims.
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Carlyle's secondaries and fund of funds investment arm AlpInvest Partners has hauled in $3.5bn to close its latest co-investment vehicle above its target.
The post Carlyle's AlpInvest Partners raises $3.5bn co-investment fund, beating $3bn target first appeared on AltAssets Private Equity News.
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LUV earnings call for the period ending March 31, 2021.
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White House dances around a big contributor to climate change: agriculture POLITICOBiden's Intelligence Director Vows to Put Climate at ‘Center' of Foreign Policy The New York TimesThe latest area of competition between the US and China: Saving the world CNNBiden's climate summit is full of hot air The Washington Post
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It's the closest full Moon of 2021 so far, the second of four supermoons in 2021, and the second successive "Super Pink Moon. Here's how to watch April 2021's big and beautiful full moonrise.
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 In tests with Autopilot engaged, a Model Y was able to steer itself along painted lines but at no time displayed a warning that the driver's seat was empty, Bloomberg reported.
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Most integrated gas players are experiencing earnings pressure from the 2020 down cycle in gas prices. To become more resilient, companies will need to explore portfolio optimization. Here's how.
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