Coinbase Stock Eases Ahead Of Results. AI Restructure, Stablecoins In Focus.
Coinbase shares slipped 2.8% ahead of its earnings release as Bitcoin’s rally cooled. The exchange is cutting 14% of its workforce to become an AI‑native operation, with restructuring costs of $50‑$60 million expected in Q2 2026. FactSet forecasts earnings of 6¢ per share on revenue of about $1.49 billion, a 27% decline, while stable‑coin revenue should rise 10% to $329 million. A bipartisan compromise on the Clarity Act now bans yield on stable‑coin holdings, reshaping Coinbase’s rewards model.
Britannia Q4 Profit Rises 21.56% to ₹679.68 Crore, Beats Year-Ago Performance
Britannia Industries reported a 21.6% jump in Q4 consolidated net profit to ₹679.68 crore (about $82 million), beating the year‑ago figure of ₹559.13 crore. Revenue from product sales rose 7% to ₹4,686 crore (~$565 million), while total income grew 6.2% to ₹4,774 crore (~$575 million). For the...
Safaricom’s Mobile Data Business Is Now Bigger than Voice Calls
Safaricom reported that mobile data now accounts for 42.1% of its connectivity revenue, overtaking voice services at 41.3% for the year ended March 2026. Data revenue jumped 14.4% to KES 83.4 billion ($646 million), while voice grew only 1.3% to $634 million. Messaging revenue...
Apple Helps 'Magnificent 7' Shake Off Its Bear Market Scare
Apple (AAPL) surged to its first intraday all‑time high of 2026, pulling the Roundhill Magnificent Seven ETF (MAGS) to a fresh record. The breakout lifts megacap tech back into market leadership after months of underperformance and a near‑bear‑market dip. Alphabet,...
Goldman Sachs Sets Jaw-Dropping AMD Stock Price Target After Earnings
Goldman Sachs upgraded AMD to a Buy and lifted its price target to $450, an 88% increase from the prior $240 level. The move follows AMD’s first‑quarter 2026 earnings, where revenue rose 38% to $10.25 billion and non‑GAAP EPS jumped 43%...
It Takes Meta Almost 9 Minutes to Make $1 Million in Profits. Google Does It in Under 4
Alphabet reported Q1 FY2026 net income of $62.58 billion, translating to roughly $1 million every 3 minutes 59 seconds. Meta’s $26.77 billion profit equated to $1 million per 8 minutes 42 seconds, placing the company well behind Google’s cash‑generation pace. Google’s operating income rose to $39.70 billion on $109.90 billion revenue, driven...
BofA Sees More Room for Home Depot Shares
Bank of America reinstated coverage of Home Depot with a buy rating and a $374 price objective, implying roughly 20% upside from the current $312.42 price. The brokerage highlights the retailer’s professional‑contractor (Pro) segment, which now accounts for about half...
This Chip Stock Is Tumbling. Bullish Evercore ISI Thinks It Will Be Worth $1 Trillion One Day
Arm Holdings’ shares slipped despite a better‑than‑expected fiscal Q4, as investors worry about its ability to meet soaring AI‑driven chip demand. Evercore ISI, however, lifted its 12‑month price target to $326 and reiterated an outperform rating, arguing the company could...
Is UBER Stock Undervalued At $80?
Uber’s shares jumped 8% to $79 after earnings, highlighting a shift from revenue growth to profit scaling. The company now trades at about 22 times forward 2026 earnings, a premium to its four‑year average P/E of 19, justified by reduced earnings...
Broking Firms Bullish on Vedanta, Expect Demerged Entities’ Listing in June
Brokerages have turned bullish on Vedanta Ltd., lifting their target price to ₹1,000 per share (about $12), roughly three times the current ₹305.40 price (~$3.70). The conglomerate posted record FY26 results, with revenue of ₹174,075 crore (≈$21 bn) and EBITDA of ₹55,976 crore...
Susquehanna Maintains Positive Rating on Mastercard (MA)
Mastercard posted Q1 earnings of $4.60 per share and revenue of $8.4 billion, beating expectations and showing a 16% rise in net revenue. Growth was driven by a 22% jump in value‑added services and progress in agentic commerce and stablecoin projects....
T-Mobile US (TMUS) Executive Buys $1.0M in Shares
T‑Mobile US disclosed that Broadband chief Andre Almeida bought 5,097 shares for roughly $1 million, underscoring insider confidence. LightShed Partners upgraded the stock to Buy, highlighting the carrier’s pricing, brand, network and spectrum as catalysts for five‑year revenue growth. TD Cowen raised...
Weaker Ocean Rates Hit Maersk Q1 Profit
Maersk’s first‑quarter EBITDA dropped to $1.8 billion from $2.7 billion and EBIT fell to $340 million, shrinking the EBIT margin to 2.6% from 9.4% a year earlier. Higher container volumes could not offset weakened ocean freight rates, which were pressured by overcapacity, geopolitical...
Here Are Thursday's Biggest Analyst Calls: Nvidia, Apple, Uber, Microsoft, Disney, CoreWeave, Alcoa & More
Wall Street analysts issued a flurry of upgrades and reiterations on Thursday, with Nvidia, Apple, Microsoft and Uber all retaining buy or outperform ratings. Goldman Sachs highlighted Nvidia’s $1 trillion datacenter guidance and AI‑driven server opportunities, while JPMorgan upgraded Freshpet to...
Climate Campaigners Attack Shell over ‘Windfall’ Profits From Iran War
Shell reported first‑quarter earnings of $6.9 bn (£5 bn, about $6.35 bn), a 115% jump that outpaced analysts’ $6.4 bn forecast. The surge stemmed from oil prices climbing from $61 to $119 a barrel as the Iran‑US conflict disrupted the Strait of Hormuz. Shell...
Why Disney Shares Rose After Park Attendance Fell
Disney reported Q2 FY2026 revenue of $25.2 bn, up 7%, and adjusted EPS of $1.57, beating expectations despite a 1% dip in U.S. park attendance. The Experiences division generated $9.49 bn in revenue and $2.62 bn operating income, buoyed by higher per‑guest spending,...
Estée Lauder Companies Outlines Middle East Conflict Impact on Business
Estée Lauder Companies said the Middle East conflict trimmed its third‑quarter sales growth by roughly one percentage point in its Europe, UK, Ireland and Emerging Markets (EUKEM) region, though the overall impact on consolidated results was immaterial. The beauty group...
Japan’s Nikkei 225 Hits Record High on US-Iran Deal Hopes; SoftBank, Seiko Epson Lead the Rally
Japan’s Nikkei 225 surged 5.58% on May 7, closing at a record 62,834 as investors cheered optimism over a looming U.S.–Iran memorandum of understanding and robust technology earnings. SoftBank Group led the rally, jumping 18.44%, while semiconductor and AI‑related stocks such...
UniCredit’s Lowball Bid for Commerzbank Causes Consternation
On May 5, 2026 UniCredit announced a bid to acquire the remaining shares of Germany’s Commerzbank, offering shareholders a swap of one Commerzbank share for 0.485 UniCredit shares. The proposal values the entire bank at €35 bn (approximately $41 bn), roughly 8% below...
Stock Market Today: Sensex Falls 114 Points, Nifty 50 Ends Above 24,300; Mid, Small-Cap Indices Jump 1%
India's benchmarks closed lower on Thursday, with the Sensex slipping 114 points (0.15%) to 77,844.52 and the Nifty 50 easing 4 points (0.02%) to 24,326.65. The decline was driven by profit‑booking in heavyweight names such as HUL, TCS, ITC and Reliance,...
Shell Beat Profit Forecasts. So Why Did Its Shares Fall?
Shell reported a $6.92 billion first‑quarter adjusted profit, topping the $6.36 billion consensus and marking its strongest result in two years. The company lifted its dividend by 5% but trimmed the quarterly share‑buyback programme to $3 billion from $3.5 billion. Production slipped 4% due...
Why Lam Research Still Looks Like a Buy After a 300% Rally
Lam Research (LRCX) has rallied nearly 300% over the past year, driven by soaring AI‑chip demand and strong earnings that showed expanding margins. The company’s equipment is central to semiconductor manufacturers scaling advanced node capacity, positioning Lam as a direct...
Wael Sawan Net Worth: Shell CEO Pay, Shares and $6.9bn Profit
Shell CEO Wael Sawan earned £13.8 million (about $17.5 million) in 2025, a rise from £8.6 million the prior year, driven largely by equity awards. He now holds roughly 560,000 Shell shares valued at around £18 million ($23 million) and his total net‑worth is estimated...
What the FDA's Latest Proposal Means for Lilly, Novo, and Hims
The FDA has proposed removing tirzepatide and semaglutide from the 503B bulk‑drug list, effectively ending compounding of these high‑demand GLP‑1 therapies. Eli Lilly, whose tirzepatide‑based products posted 56% YoY revenue growth and a 28% full‑year 2026 outlook, and Novo Nordisk, facing a...
Maersk Profit Falls Sharply as Firm Keeps Forecast Despite Hormuz Uncertainty
Maersk reported a sharp profit decline in Q1, with net profit falling to $100 million—about twelve times lower than a year earlier—while revenue slipped 2.6% to just under $13 billion. The drop was driven by weaker ocean freight rates despite a 9.3%...
Shell Profit Soars as Volatility Boosts Trading
Shell reported first‑quarter adjusted net income of $6.92 billion, surpassing the $6.1 billion Bloomberg median estimate. The surge stemmed from heightened oil‑price volatility caused by the Iran‑Israel conflict, which amplified earnings from its large trading desk. Refining margins rose to $17 a...
Fairy Dust Works: Disney's Stock Price Rises as Business Accelerates
Disney’s fiscal Q2 2026 results beat expectations, delivering $25.17 billion in revenue, a 6.7% year‑over‑year increase, and adjusted earnings of $1.57 per share, outpacing consensus by 460 basis points. The strong performance propelled the stock over 7% to $110.09 and highlighted...
Anheuser-Busch Stock Jumps as Volume Growth Signals Turnaround
Anheuser‑Busch InBev (NYSE:BUD) surged almost 9% after reporting Q1 2026 earnings that beat both earnings per share and revenue expectations. Adjusted EPS came in at 97 c versus 90 c consensus, while revenue reached $15.27 billion, topping the $14.69 billion forecast. The report highlighted a...
Japan’s Nikkei Roars Past 62,000 on Earnings, Middle East Optimism; JGBs Rally
Japan’s Nikkei 225 leapt 4.19% to 62,010 on Thursday, breaking the 62,000 threshold for the first time. The rally was powered by strong earnings from technology firms, especially chip makers buoyed by AMD’s upbeat AI forecast. Simultaneously, Japanese government bonds...
Peace Hopes Send ASX Higher in Early Trade; Tabcorp Tanks on AUSTRAC Probe
Australian equities rose 0.8% to 8,863.60 as mining giants led the S&P/ASX 200 higher, buoyed by a sharp 7.8% drop in Brent crude to $101 per barrel after U.S. President Donald Trump signaled a possible peace deal with Iran. Energy stocks...
Sun Life Quarterly Profit Jumps on Asia Business Strength
Sun Life’s first‑quarter profit surged as its Asia operations delivered a 17% jump in underlying net income to C$216 million (about $160 million USD). Canadian‑based earnings also rose, with the Canada segment up 7% to C$370 million (~$274 million USD) and earnings per share...
News Corp (NWSA) Q3 2026 Earnings Call Transcript
News Corp posted a 9% revenue increase to $2.2 billion in Q3 2026, propelled by strong performance in Dow Jones, Digital Real Estate Services, and HarperCollins. Segment EBITDA rose 18% to $343 million, with margins expanding to 15.7% and Dow Jones EBITDA...
Channel 11: Bulls on Parade
Ken Shinoda’s latest Channel 11 update declares a bullish market parade, driven by a near‑20% surge in the Nasdaq in April and strong first‑quarter earnings that beat forecasts by roughly 25%. Semiconductor spending on AI, robust PMI readings and rising commodity prices...
Warner Bros. Studios Balloons Q1 Operating Income 199% to $775 Million
Warner Bros. Discovery’s Studios segment posted Q1 operating income of $775 million, a 199% increase year‑over‑year, while revenue rose 35% to $3.1 billion. Content revenue jumped 37% to $2.93 billion, driven by theatrical and TV licensing gains linked to the rollout of HBO...
Merger Costs Add up as Warner Bros. Discovery Posts $2.9-billion Quarterly Loss
Warner Bros. Discovery reported a $2.9 billion first‑quarter loss, largely driven by a $1.3 billion restructuring charge and a $2.8 billion termination fee to Netflix after the streaming rival withdrew from the Paramount Skydance takeover. Revenue slipped 3% to $8.9 billion, with streaming EBITDA up...
Warner Bros. Discovery Ups Q1 Streaming Operating Income 29%, Revenue Increases 9% to $2.9 Billion
Warner Bros. Discovery reported a 29% jump in streaming operating income to $438 million in Q1, while total streaming revenue rose 9% to nearly $2.9 billion. Distribution revenue led the growth, increasing 9% to $2.53 billion, and advertising revenue from HBO Max’s ad‑supported tier...
Nasdaq Jumps to New High on AMD Earnings: Stock Market Today
U.S. equity markets surged on Wednesday as the Nasdaq hit a fresh record of 25,838, buoyed by a tentative Iran‑U.S. cease‑fire outlook, robust ADP payroll data and a sharp 7% drop in oil prices. The S&P 500 rose 1.5% to 7,365...
Big Oil Resists Push to Prioritize Output Growth
Big Oil posted strong first‑quarter earnings as soaring oil and gas prices lifted profit margins in both Europe and the United States. Despite the price rally, major producers such as ExxonMobil and Chevron did not increase output, with Exxon reporting...
ARM Surges Ahead of Earnings as AMD Outlook Supercharges Semiconductor Stocks
Advanced Micro Devices (AMD) lifted semiconductor sentiment by guiding Q2 revenue to $11.2 bn, roughly a 50% year‑over‑year increase, underscoring strong data‑center demand. The upbeat outlook helped lift ARM Holdings (ARM) shares 12% ahead of its after‑hours earnings report, as investors...
Diageo Springs a Surprise, Sales Climb on Africa, Latin America
Diageo reported a surprise uptick in organic net sales, which rose 0.3% in the latest quarter, beating analysts' expectations of a 2.3% decline. Growth in Africa and Latin America offset a pronounced slump in the United States, where health‑driven moderation...
DRAM Drought to Dog AMD's Chips This Year
AMD warned that PC CPU shipments will dip in the second half of 2026 as a DRAM shortage drives memory prices up four‑fold. The chipmaker still expects its Client segment to post year‑over‑year revenue growth, buoyed by Ryzen adoption and...
Bulls Pounce on Rideshare Stock Amid Upbeat Outlook
Uber Technologies Inc. (NYSE: UBER) surged 8.1% to $78.87 after reporting first‑quarter revenue that fell slightly short of estimates but delivering an upbeat outlook for the current quarter. The stock is testing the $80 resistance level that halted rallies in...
STAT+: Novo Nordisk’s Less-Bad News on Its Wegovy Pill Boosts Earnings and Share Price
Novo Nordisk reported first‑quarter results that showed a modest improvement in its outlook for the obesity drug Wegovy. The company narrowed its adjusted sales decline forecast to 4%‑12% for the year, up from a prior 5%‑13% range, and aligned its...
Lufthansa Is Losing Less Money than Expected but Faces a $2 Billion Fuel Hit
Lufthansa posted a Q1 adjusted operating loss of €612 million ($667 M), better than the €659 million analysts expected, while revenue rose 8% to a record €8.7 billion ($9.5 B). The airline kept its full‑year profit outlook despite a €1.7 billion ($1.85 B) fuel cost hit driven...
Loblaw Reports Q1 Profit and Sales up From Year Ago, Raises Quarterly Dividend
Loblaw Companies Ltd. posted a stronger first‑quarter, with profit rising to $594 million and revenue climbing to $14.72 billion, up from $14.14 billion a year earlier. Same‑store food sales increased 2.4%, while drug and pharmacy services grew 4.1% and 6.7% respectively. The company...
Wall Street Just Broke a 20-Year Seasonal Habit—And It’s a Massive Signal for the Economy
Analysts lifted the S&P 500 bottom‑up earnings estimate for the second quarter by 2.1% in April, to $80.47 per share—the biggest upward revision in five years. Historically, the first month of a quarter sees analysts trim forecasts by about 0.9% over...
Stock Market Today: Nasdaq, S&P 500 Hit New Highs On U.S.-Iran Hopes; Cathie Wood Sells Advanced Micro, CoreWeave (Live Coverage)
U.S. equity indexes posted a second straight day of gains, with the S&P 500 and Nasdaq closing at fresh record highs as optimism grew around a potential U.S.–Iran peace framework. Oil prices fell sharply and 10‑year Treasury yields slipped, reflecting reduced...
Nvidia Is Facing More Competition and It’s Spooking Investors
Nvidia’s AI‑chip dominance remains strong, with an 86% market share in 2025, but its stock has slipped 9% over six sessions, making it the worst performer in the Philadelphia semiconductor index. Investors are uneasy as Alphabet, Amazon, Meta and Microsoft...
Loblaw Reports Q1 Retail Revenue of Close to $14.5 Billion
Loblaw Companies posted unaudited Q1 2026 retail revenue of $14.5 billion, a 4.2% year‑over‑year increase. Same‑store sales rose across Food and Drug banners, while e‑commerce surged 20.3% led by PC Express delivery. Operating income jumped 20.5% to $1.01 billion and adjusted EBITDA grew...
Strong Demand for Guinness Drives Diageo’s Growth
Diageo outperformed expectations in Q3, driven primarily by a resurgence in Guinness demand. The group posted a modest 0.3% rise in organic net revenue to $4.48 billion, supported by a 0.4% volume increase. Strong sales momentum came from Europe and Latin...