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HSBC takes $1.3B in Q1 credit charges, shares fall 5%
HSBC's Q1 earnings included $1.3B in credit impairments — partly from a UK 'idiosyncratic fraud' and partly from Middle East conflict — while the bank sketched a worst-case scenario of 35% market loss
Morgan Stanley: Earnings, Not Oil, Power Rally
Morgan Stanley chief investment officer Mike Wilson argues that robust, broad-based earnings growth — not oil prices or interest rates — is the primary engine driving the ongoing U.S. stock market ral
PSU Banks Offer Seniors 7.10% Fixed Deposit Returns
Public sector banks are offering senior citizen fixed deposits at rates up to 7.10% in May 2026, providing a low‑risk hedge against rising inflation and a market index down 2.11%. The data, compiled b
Bitcoin crosses $81,000, ETH, SOL, DOGE steady as options desks bid on further price jump
Bitcoin broke $81,000, its highest since January, as options traders piled on cheap upside bets while Iran’s missile claim and Trump’s $20 billion legal showdown kept geopolitical risk high. The rally
Oil slides as traders assess Middle East developments with Iran attacks keeping markets jittery
Oil prices slipped as renewed U.S.–Iran tensions over the Strait of Hormuz sparked fears of supply disruptions, with Iran’s missile strikes and U.S. naval actions intensifying the volatility. Analysts
Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge
Bitcoin is hovering just below $80,000 as Asian markets stay quiet, leaving the rally on US and European traders. Glassnode flags the $80,700 short‑term holder realized price as a resistance level, wh
Bitcoin turns risk on as stocks hit new highs and miner profits rise: Is $85K BTC next?
Bitcoin broke $80,000 for the first time in three months, buoyed by a sharp rise in miner profits and record inflows into crypto ETFs. The rally coincides with the Nasdaq’s longest winning streak sinc
Palantir tops estimates on 85% revenue growth, fastest expansion since market debut in 2020
Palantir’s Q1 earnings blew past expectations, delivering 85% revenue growth and a near‑quadruple jump in net income while upping its cash‑flow outlook. The surge comes as the S&P 500 sits at record h
GameStop slides 10% as CEO dodges eBay bid questions
GameStop shares dropped more than 10% after CEO Ryan Cohen repeatedly dodged CNBC questions about how the video game retailer would finance its surprise $55.5bn unsolicited bid for eBay, a company wor
Oil Surges 5.8%, Dow Drops 557 Points on Hormuz Escalation
Oil prices jumped and U.S. stocks fell on May 4, 2026, as military strikes on ships and a UAE oil port reignited fighting in the Strait of Hormuz, testing a fragile Iran cease-fire and rattling global
Palantir Beats 85% Revenue Jump, Shares Slip
Palantir posted an 85% revenue surge, its strongest growth since its 2020 debut, driven by booming U.S. government contracts while commercial sales lagged. Despite beating estimates and raising its ou
Oil Tops $100 as Iran Holds Hormuz; Yields Spike, Stocks Drop
Oil prices surged above $100 a barrel on May 4 as Iran maintained control of the Strait of Hormuz despite U.S. efforts to free stranded shipping, driving U.S. Treasury yields higher and pulling global
Palantir Q1 Revenue Jumps 85% to $1.63B, Raises Outlook
Palantir’s 85% year‑over‑year surge in Q1 revenue to $1.63 billion lifts its full‑year revenue forecast to $7.65‑$7.66 billion and highlights a 104% jump in U.S. sales.
Bitcoin SOPR Hits 1.097 as Exchange Inflows Collapse
Bitcoin’s profit‑spending ratio has risen above 1, showing long‑term holders are now cashing in, while short‑term exchange inflows have collapsed from a peak of 35,649 BTC to under 4,000 BTC, easing s
Paramount Q1 Profit Rises on Streaming, Studios, Despite TV’s Decline
Paramount’s Q1 revenue rose 2% to $7.35 billion, driven by a surge in studio earnings and a modest boost in Paramount+ subscriptions, while its traditional TV ad and distribution fees fell 6%. The com
Bond Market Signals Fed Hike as Stocks Hit Records
Rising inflation expectations embedded in 5-year Treasurys are flashing a warning that the Federal Reserve may need to raise interest rates soon, even as U.S. stocks sit near record highs, according t
Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000
Crypto stocks surged as Bitcoin broke $80,000, with Circle jumping 18% and Coinbase up 7% after a compromise on stablecoin yields cleared a key hurdle for the Digital Asset Market Clarity Act. The leg
U.S. Debt Hits 100% of GDP; Trajectory Is the Worry
U.S. debt held by the public has reached $31.4 trillion, matching annualized GDP of $31.9 trillion and hitting a 100% debt-to-GDP ratio for the first sustained time since World War II. The Congression
Burry to Dump GameStop Over $56B eBay Bid
Michael Burry announced he'll sell his GameStop position, calling the video game retailer's $56 billion bid to acquire eBay overpriced and a "pedestrian" strategy that could saddle the company with di
Berkshire Slip After 18% Earnings Rise, CEO Flags AI
Berkshire Hathaway’s shares slipped after a brief rally as new CEO Greg Abel impressed investors at the annual meeting, while the conglomerate posted an 18% earnings surge driven by insurance and reit
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