Outgoing EU trade chief Weyand says the 2020 China investment pact is outdated and must stay in the deep freezer.
Lufthansa reported a stronger-than-expected first quarter in its 100th anniversary year, successfully mitigating the impact of the Iran conflict and rising jet fuel costs. The airline maintains its 2026 profit targets, driven by robust global travel demand. Key Financial Metrics (Q1 2026) Operating Loss: €612 million (a 15% year-over-year improvement, beating analyst expectations of a €659 million loss)Revenue: €8.75 billion (a record
WBD posts $2.89B streaming revenue. A $2.92B net loss reflects the Paramount-Netflix breakup fee, but a merged entity would boast 220M+ subscribers.
Micron Technology jumps 11%, topping $700B value as AI-driven memory demand and supply shortages fuel a massive stock rally.
The PBOC details a new coordinated policy playbook to steer credit toward high-tech manufacturing, signaling a major monetary easing shift for the 2026 cycle.
OECD reports show global growth holding at 2.9% for 2026. While the outlook is subdued, productivity gains from AI are providing a needed offset in the West.
CEO Dan Schulman is ending free phone lines and handsets to boost profits. Verizon now prioritizes value-based retention and AI over blunt promotional giveaways.
Climate shocks and Middle East conflict are driving UK food prices toward a 50% increase since 2021, with beef and olive oil costs seeing the sharpest spikes.
The US Financial Industry Regulatory Authority is investigating Morgan Stanley's Budapest office over claims of unlicensed junior bankers handling major deals.
Novo Nordisk shares rose 7% as its new obesity pill sales doubled forecasts, hitting 2.26B crowns and narrowing the competitive gap with rival Eli Lilly.
AMD shares jumped 12% after projecting Q2 revenue above $11B, driven by AI chip demand and a booming server CPU market set to hit $120B by 2030.
British Airways is removing headrest covers in Club Europe to speed up cleaning. Flyers are upset as the last hint of luxury vanishes for faster turnarounds.
Alphabet Inc. returns to the Eurobond market, aiming to raise €3 billion to fund massive AI infrastructure spending as debt demand hits record highs globally.
Volvo Cars' Feb-Apr sales fell 10% to 162,864 units due to weak US/China demand. However, EV sales rose 14%, now making up 24% of the total volume.
Delta will end food and beverage service on flights under 350 miles starting May 19. The move affects 450 daily flights to ensure network-wide consistency.
HSBC shares fell 3.7% after Q1 pre-tax profit hit $9.4B, missing estimates due to $1.3B in credit losses linked to Middle East instability and UK market stress.
Palantir shares soared as Q1 revenue hit $1.63B, driven by huge U.S. government demand and AI tools. CEO Alex Karp predicts the U.S. business will double by 2027.
Ferrari reported strong financial results for Q1 2026, with net revenues reaching €1,848 million, up 3% year over year. Operating profit (EBIT) rose to €548 million, representing a 29.7% margin, while EBITDA totaled €722 million with a 39.1% margin. Net profit came in at €413 million, resulting in diluted earnings per share of €2.33. Industrial free cash flow was particularly
Analysts raise HD targets post-Q4. The expanding Pro ecosystem and FY26 guidance drive recovery hopes, with shares 23.5% undervalued.
Goldman Sachs warns the UK is extremely exposed to jet fuel rationing and summer flight cuts due to the Iran war and zero strategic reserves.
The Federal Reserve hints at a wait and see approach for May. This predictability is narrowing the buyer-seller gap in the global M&A and private credit sectors.
Ryanair will close its Berlin base in October 2026, cutting UK-Germany flights by 50%. The airline blamed high taxes and a 10% fee hike for the move.
The S&P 500 reached an unprecedented 7,230.12 points today. Global investors are buoyed by strong Q1 earnings and cooling inflation data in major economies.
Alphabet rose 5% on cloud gains; Meta fell 10%. Investors worry Meta lacks a cloud business to monetize its massive AI spending compared to hyperscaler peers.