April 29, 2026 1:57 pm
Key Moments Phillips 66 reported adjusted earnings of $0.49 per share for the quarter ended March 31, beating expectations for a $0.40 per-share loss. Refining segment results improved sharply, with realized refining margins rising to $10.11 per barrel and the unit shifting to a $208 million adjusted profit from a $937 million loss. Crude capacity […]
Read moreApril 29, 2026 1:39 pm
Key Moments Visa shares rose 5% in premarket trading after the company reported second-quarter profit above expectations and lifted its full-year earnings forecast. Cross-border payment volume increased 12% on a constant-dollar basis in the second quarter, compared with 13% in the same period a year earlier. Visa’s board approved a new $20 billion multi-year share […]
Read moreApril 29, 2026 1:16 pm
Key Moments Q1 results highlighted improving business trends at United Parcel Service, Inc. (NYSE: UPS) and a faster path toward an inflection point despite subdued guidance. Institutional investors have boosted their holdings to more than 60% of UPS shares and accelerated net buying to nearly $4 for every $1 sold in Q1 2026. UPS shares […]
Read moreApril 29, 2026 7:22 am
Key Moments NVIDIA’s BioNeMo team has introduced context parallelism, a framework that distributes a single large biomolecular system across multiple GPUs to overcome memory constraints. A proof-of-concept demonstration folded a biomolecular complex with over 3,600 residues on four GPUs in under five minutes while preserving structural accuracy. Companies including Rezo Therapeutics, Proxima, and Earendil Labs […]
Read moreApril 28, 2026 7:45 am
Key Moments Google has reportedly signed a deal with the U.S. Department of Defense to deploy its AI models on classified networks for “any lawful government purpose.” The Pentagon has agreements worth up to $200 million each with Anthropic, OpenAI, and Google in 2025 to support classified artificial intelligence projects. Contract language cited in the […]
Read moreApril 27, 2026 2:28 pm
Key Moments Spotify is introducing a dedicated fitness category featuring more than 1,400 Peloton Interactive classes for Premium subscribers worldwide. The Peloton content is integrated directly into Spotify’s audio and video platform and spans strength, Pilates, barre, yoga, and meditation. The collaboration represents Spotify’s first significant move into wellness as Peloton pursues international growth and […]
Read moreApril 27, 2026 2:24 pm
Key Moments Microsoft will no longer hold exclusive rights to OpenAI models and products, enabling OpenAI to sell its technology on rival clouds including Amazon and Google. Microsoft shares slipped about 1% in premarket trading on Monday after the announcement, as some investors viewed the move as eroding a key competitive edge. Under the revised […]
Read moreApril 27, 2026 1:58 pm
Key Moments Walmart Inc plans to issue dollar-denominated, investment-grade bonds in up to five separate tranches. The longest tranche, a 10-year note, may be priced to yield 0.7 percentage point above comparable U.S. Treasuries. Proceeds are expected to be used for general corporate purposes, with refinancing noted as a potential use. Planned Multi-Part Investment-Grade Deal […]
Read moreApril 27, 2026 1:40 pm
Key Moments Thermo Fisher Scientific agreed to sell its microbiology business to private equity firm Astorg for about $1.08 billion. The divested unit generated $645 million in revenue in 2025 as part of Thermo Fisher’s specialty diagnostics segment. The company expects the sale to close in the second half of 2026 and to dilute adjusted […]
Read moreApril 27, 2026 1:25 pm
Key Moments Northland Capital Markets shifted Advanced Micro Devices (NASDAQ:AMD) to Market Perform and assigned a $260 price target after more than 11 years of bullish coverage. The firm argued that 2027 consensus expectations are overly optimistic and that AMD’s gross margin expansion is structurally constrained in the mid-50% non-GAAP range. Northland warned that AI […]
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