• Associated Press Finance

    Kansas' governor vetoed tax cuts again over their costs. Some fellow Democrats backed it

    Kansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature. Gov. Laura Kelly and her staff had signalled that she had misgivings about a package of income, sales and property tax cuts worth $1.5 billion over the next three years. The governor also told fellow Democrats that she believes Kansas' current three personal income tax rates ensure that the wealthy pay their fair share.

  • Associated Press

    Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours

    Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.

  • Yahoo Finance Video

    Norfolk Southern warns of revenue hit tied to Baltimore bridge

    Norfolk Southern (NSC) shares are falling during Wednesday's trading session after the company reported disappointing first-quarter results, missing analyst expectations on both revenue and adjusted EPS. The railroad freight operator cautions that the collapse of Baltimore's Francis Scott Key Bridge in March could have a substantial financial impact on the company with losses ranging from $25 million to $35 million per month, as supply chains face significant disruptions. Market Domination's Julie Hyman and Josh Lipton break down the details, providing insights into other freight stocks feeling pressure from the bridge collapse. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith