April 16, 2026 9:35 am
Key Moments Kepler Cheuvreux downgraded Stellantis to Hold from Buy. It also cut earnings forecasts for 2026 and 2027. In addition, the firm lowered its global light vehicle demand and production outlook. It cited the impact of the Iran war, especially in Europe. As a result, Kepler reduced its price target by about 17% to […]
Read moreApril 16, 2026 8:37 am
Key Moments A New York jury found that Live Nation and Ticketmaster unlawfully monopolized key U.S. live event markets. Live Nation shares fell 6.3% after the verdict, while Vivid Seats and StubHub gained 9.3% and 3.5%, respectively. States are expected to seek a forced divestiture of Ticketmaster and damages after the jury found fans were […]
Read moreApril 16, 2026 6:39 am
Key Moments NZD/USD trades near 0.5920 in Asian dealings, marking a fourth straight session of gains. China’s Q1 2026 GDP grew 1.3% QoQ and 5.0% YoY, matching or beating market expectations. US Dollar softens on improved risk appetite tied to Middle East de-escalation hopes and easing energy prices. NZD/USD Supported by Chinese Growth Data NZD/USD […]
Read moreApril 15, 2026 2:30 pm
Key Moments Walt Disney’s new CEO Josh D’Amaro told employees that approximately 1,000 jobs will be cut as part of an operational streamlining effort. The reductions are set to impact marketing, studio and television operations, ESPN, products and technology, and selected corporate functions. The move follows a 2023 restructuring in which Disney planned 7,000 job […]
Read moreApril 15, 2026 2:11 pm
Key Moments Adobe introduced its Firefly AI assistant to automate tasks across its creative software suite, including Photoshop, Illustrator and Premiere Pro. The assistant will also be accessible to users of Anthropic’s Claude model via a connector to Adobe, with financial terms undisclosed. Adobe expects the assistant to drive higher usage of its AI credits, […]
Read moreApril 15, 2026 1:43 pm
Key Moments SanDisk Corporation NASDAQ: SNDK is set to enter the Nasdaq-100 on April 20, 2026, replacing Atlassian Corporation NASDAQ: TEAM, triggering mandatory buying from index-tracking funds overseeing more than $600 billion in assets. SanDisk’s market capitalization of over $140 billion is expected to drive multi-billion-dollar inflows from passive vehicles, with average daily trading volume […]
Read moreApril 15, 2026 1:00 pm
Key Moments A $110 billion merger between Paramount Skydance (NASDAQ: PSKY) and Warner Bros. Discovery (NASDAQ: WBD) has drawn open opposition from more than 1,000 Hollywood creators. The United Kingdom’s Competition and Markets Authority has launched a formal investigation that could force divestitures or potentially derail the transaction. Heavy insider selling, rising short interest, and […]
Read moreApril 15, 2026 12:49 pm
Key Moments Apple removed a counterfeit Ledger Live app tied to approximately $9.5 million in crypto losses affecting more than 50 users between April 7 and 13. The largest three victims lost a combined total of over $7 million across USDT, USDC, Bitcoin, Ether, and staked ETH. Apple reported removing or rejecting over 17,000 apps […]
Read moreApril 15, 2026 12:11 pm
Key Moments Morgan Stanley’s first-quarter profit increased to $5.6 billion, or $3.43 per share, from $4.3 billion, or $2.60 per share, a year earlier. Investment banking revenue rose 36% to $2.12 billion, while equity trading revenue climbed 25% to $5.15 billion and fixed income revenue advanced 29% to $3.36 billion. Total quarterly revenue grew to […]
Read moreApril 15, 2026 8:14 am
Key Moments Meta and Broadcom have extended their custom AI chip collaboration through 2029, with an initial commitment exceeding one gigawatt of computing capacity. Broadcom CEO Hock Tan will step down from Meta’s board and shift to an advisory role on Meta’s custom chip strategy under the expanded agreement. Meta’s first MTIA 300 chip is […]
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