April 15, 2026 6:58 am
Key Moments Global shipments increased 12% year-on-year in the first quarter to an estimated 1.4 million vehicles. North American quarterly shipments rose 17%, according to the company’s statement. Shipments in Gulf Cooperation Council countries declined by more than half in the same period. First-Quarter Global Performance Stellantis reported that its worldwide vehicle shipments climbed 12% […]
Read moreApril 14, 2026 1:28 pm
Key Moments Wells Fargo’s first-quarter net interest income totaled $12.1 billion, below analyst expectations of $12.3 billion. Net profit rose to $5.25 billion, or $1.60 per share, exceeding the $1.58 per share forecast. Markets revenue increased 19% year-on-year to $2.17 billion in the quarter ended March 31. Interest Income Falls Short as Fed Cuts Weigh […]
Read moreApril 14, 2026 12:44 pm
Key Moments Citigroup’s first-quarter profit increased 42% to $5.8 billion, or $3.06 per share, from $4.1 billion, or $1.96 per share, a year earlier. Total markets revenue rose 19% year-over-year to $7.2 billion, helping drive Citi’s highest quarterly revenue in a decade at $24.6 billion. The bank posted a 13.1% return on tangible common equity […]
Read moreApril 14, 2026 12:29 pm
Key Moments Amazon.com agreed to buy Globalstar in an $11.57 billion transaction to strengthen its satellite communications business. Globalstar shareholders can choose either $90 in cash or 0.3210 Amazon shares for each of their Globalstar shares. Amazon aims to deploy about 3,200 low-Earth-orbit satellites by 2029, with roughly half in place by a July 2026 […]
Read moreApril 9, 2026 2:02 pm
Key Moments Intel and Alphabet’s Google unit expanded their partnership to promote AI-centric CPUs and jointly develop custom infrastructure processing units. Google will continue deploying Intel Xeon processors and adopt Intel’s latest Xeon 6 chips for inference and general-purpose computing workloads. Intel highlighted growing CPU demand from agentic AI systems and outlined additional strategic moves, […]
Read moreApril 9, 2026 1:18 pm
Key Moments Amazon CEO Andy Jassy reported that AI services in the cloud unit are generating an annualized revenue run rate above $15 billion in the first quarter of 2026. The company’s custom chip portfolio has doubled its annualized revenue run rate to over $20 billion, compared with $10 billion previously disclosed. Citron Research set […]
Read moreApril 9, 2026 12:54 pm
Key Moments CoreWeave signed a $21 billion cloud capacity agreement with Meta Platforms that runs through December 2032. The new contract comes on top of a $14 billion deal the two companies entered into in September last year. CoreWeave disclosed plans to issue $1.25 billion in bonds and $3 billion in convertible bonds in a […]
Read moreApril 9, 2026 9:47 am
Key Moments Citi reaffirmed its overweight view on European banks and upgraded Lloyds to Buy and Deutsche Bank to Neutral/High Risk. European banks have seen EPS upgrades of +3% YTD, with 79% reporting 4Q25 consensus PBT beats and constructive 2026 outlooks. Citi adjusted 2027 EPS estimates across the sector by between -2% and +7%, reflecting […]
Read moreApril 8, 2026 2:04 pm
Key Moments Bed Bath & Beyond Inc. (NYSE:BBBY) shares climbed 6% after the company disclosed a Letter of Intent to buy F9 Brands, Inc. The proposed deal values F9 Brands at nearly $150 million, with $37 million in cash, about 16 million BBBY shares at $7.00 per share, and a $25 million earnout tied to […]
Read moreApril 8, 2026 12:44 pm
Key Moments NVIDIA committed $2 billion to Marvell Technology, following similar-sized investments in Lumentum and Coherent. Marvell shares jumped 13% on the announcement and added another 7.7% the next day, lifting their 2026 gain to nearly 30%. The deal deepens Marvell’s role in NVIDIA’s NVLink Fusion ecosystem and broadens collaboration into networking, optical interconnect, and […]
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