May 29, 2026 7:35 am
Key Moments The S&P 500 and Nasdaq finished at record closing highs after reports of a draft U.S.-Iran ceasefire extension agreement. April U.S. inflation rose at its fastest pace in three years, while first-quarter GDP growth was revised down to a 1.6% annualized rate. AI-focused and tech names, including Snowflake, Microsoft, and Marvell Technology, led […]
Read moreMay 28, 2026 1:46 pm
Key Moments Dollar Tree shares jumped +19.3% in pre-market trading after the company reported first-quarter adjusted diluted EPS of $1.74, 12.6% above consensus estimates of $1.55. The retailer lifted its full fiscal year 2026 adjusted diluted EPS forecast to $6.70-$7.10 and projected net sales from continuing operations of $20.5 billion-$20.7 billion. Dollar Tree repurchased 5.5 […]
Read moreMay 28, 2026 1:35 pm
Key Moments Best Buy Co Inc (NYSE:BBY) jumped +10.4% in pre-market trading after reporting fiscal first-quarter earnings and revenue that exceeded analyst expectations. Comparable sales increased 2.0%, adjusted diluted EPS rose 11% to $1.28, and the company reaffirmed its FY27 adjusted diluted EPS guidance of $6.30 to $6.60. Management highlighted strong early Q2 trends, with […]
Read moreMay 28, 2026 12:51 pm
Key Moments Bath & Body Works Inc. (NYSE: BBWI) delivered a Q1 2026 “double beat” and reaffirmed full-year guidance despite another year-over-year sales decline. In-store revenue of $1.1 billion in the United States and Canada fell 4.3% year over year, while online sales of $246 million were down about 1.5%. The new Amazon.com Inc. (NASDAQ: […]
Read moreMay 28, 2026 9:34 am
Key Moments General Motors LLC is recalling 2,785 trucks following identification of a defect in roof rail airbag inflators. The action covers specific Chevrolet Silverado and GMC Sierra 1500, 2500, and 3500 model-year vehicles. Dealers are set to replace both roof rail airbag modules at no cost to affected vehicle owners. Scope of the Recall […]
Read moreMay 28, 2026 9:04 am
Key Moments KKR & Co plans to open a Milan office as it expands its Italian operations following major telecom and energy investments. A KKR-led consortium acquired Telecom Italia’s fixed-line network for €19 billion ($22 billion) over the past two years. The Milan office will oversee private equity, real assets, credit, insurance, and private wealth […]
Read moreMay 28, 2026 8:57 am
Key Moments Chevron has submitted an official request to acquire a 70% stake in an offshore block southwest of Greece from Helleniq Energy. Upon approval, Chevron would operate Block 2 in the southwest of the Ionian Sea, with Helleniq Energy retaining a 30% interest. The Greek energy ministry is considering extending the timeframe for Chevron […]
Read moreMay 27, 2026 2:28 pm
Key Moments Boston Scientific (NYSE:BSX) fell 10.3% in morning trading after management reduced full-year and Q2 organic growth guidance at a major investor conference. New full-year organic growth guidance was set at 6.5%-8%, with Q2 organic growth targeted at 5%-7%, reflecting softness in EP, WATCHMAN, and Urology. The stock touched an intraday low of $50.75, […]
Read moreMay 27, 2026 12:19 pm
Key Moments Nvidia CEO Jensen Huang said the company intends to spend about $150 billion per year in Taiwan, up from $10-$15 billion annually four to five years ago. The planned Taiwan headquarters is scheduled to break ground this year and is targeted to be operational in 2030, with around 4,000 employees. Huang described Taiwan […]
Read moreMay 27, 2026 9:02 am
Key Moments The S&P 500 rose 0.61%, setting a new record and taking its year-to-date gain to 9.84%. The Philadelphia semiconductor index jumped 5.53%, led by Micron, which advanced 19.3% and is up 859% over the past year. Gains were concentrated in chipmakers and select cyclical sectors, while just over half of S&P 500 constituents […]
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