Finance·7,603 stories
Finance News — Page 304
S&P 500 closes at a new record to usher in May as oil prices cool and Apple rises: Live updates - CNBC
The S&P 500 breached the 7,100‑point barrier on May 1, buoyed by a jump in Apple shares, while oil prices eased after Iran’s abrupt closure of the Strait of Hormuz. The rally also extended NASDAQ’s lo
Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?
Bitcoin’s rally is stalling as spot ETFs shed $490 million in three days, while soaring oil prices from Iran’s Hormuz blockade and a record‑high S&P 500 pull capital toward equities. Inflation‑driven
Apple Jumps 4% as iPhone 17, MacBook Neo Beat Forecasts
Apple's shares jumped nearly 4% after-hours as the company beat quarterly revenue and profit expectations, fueled by blowout demand for the iPhone 17 and the new $500 MacBook Neo, while announcing a $
Veeva Systems to join S&P 500 index, replacing Coterra Energy
Veeva Systems will replace Coterra Energy in the S&P 500 on May 7, sparking a near‑10% after‑hours rally. Despite a 30% YTD decline amid AI worries, the cloud‑software firm posted a 16% revenue jump a
BofA Lifts Microsoft EPS, Keeps $500 Target
Bank of America lifted its Microsoft EPS forecasts for 2026-2028 after the software giant posted Q3 revenue of $82.9 billion and topped Wall Street expectations, even as shares slid on heavy capex gui
CryptoQuant: Bitcoin Rally Driven by Futures, Not Spot
CryptoQuant says April’s 20% Bitcoin rally to $79 k was powered by a surge in perpetual futures while spot buying stayed negative, a pattern that echoed the 2022 bear market. As the price slides to ar
Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq
Intel’s shares exploded 114% in April, delivering the chipmaker’s best month in 55 years and propelling Nasdaq’s longest winning streak since 1992. The rally, fueled by a surge in AI‑driven CPU demand
Alphabet Stock Up 34% as Cloud Revenue Reaches 18%
Alphabet’s earnings beat showed Google Cloud now accounts for 18% of the company’s revenue, lifting the stock 34% after its best month since 2004. The surge coincides with Sundar Pichai’s rollout of G
Ark Invest Buys $39.7M in Robinhood After Crypto-Driven Earnings Miss
Robinhood's stock has fallen nearly 12% since a Q1 earnings miss driven by weak crypto trading, but major investors and several Wall Street analysts are calling the drop a buying opportunity as April
Jack Selby warns Middle East AI funding pullback
Tech investor Jack Selby warned on CNBC that Middle East sovereign wealth funds—accounting for about a quarter of AI capital—could retreat amid the Iran conflict, jeopardizing hundreds of billions in
S&P 500 heads for its best month since 2020 — plus, Apple earnings on deck
The S&P 500 surged past 7,200, posting its strongest monthly gain since 2020, while the Nasdaq climbed over 15% in April, extending its longest winning streak since 1992. A dip in oil and Treasury yie
S&P 500, Nasdaq April Gains as Earnings Beat Oil Shock
U.S. equities surged in April, with the S&P 500 and Nasdaq posting their strongest monthly gains since 2020 as solid earnings and easing oil prices outweighed geopolitical risk and a steady‑rate Fed.
AI boom: Big Tech capital expenditures now seen topping $1 trillion in 2027
Wall Street analysts now see AI‑related capital spending by the hyperscalers topping $1 trillion by 2027, with Alphabet, Amazon, Meta and Microsoft each boosting their budgets. The surge—driven by soa
BofA Raises Alphabet Target After Earnings Beat
Bank of America lifted its price target for Alphabet after the company posted a strong earnings beat, reflecting confidence in its expanding AI and cloud businesses. At the same time, Google Cloud now
Meta Stock Loses $175 Billion on Higher AI Capex Forecast
Meta shares plunged roughly 10% Thursday, erasing about $175 billion in market value after the company raised its 2026 capex forecast to $125–$145 billion for AI infrastructure, even as Q1 earnings be
Zuckerberg: Memory Pricing Drives Meta's $10B Capex Hike
Meta Platforms raised its full-year capital expenditure forecast by $10 billion, with CEO Mark Zuckerberg attributing most of the increase to rising component costs—especially memory pricing—signaling
U.S. Debt Tops 100% of GDP - WSJ
U.S. national debt has surged past the 100%‑of‑GDP mark, hitting roughly $39 trillion — a level not seen since World War II. Major outlets including the WSJ, Fortune, The Hill and Fox Business all con
ECB Holds Rates at 2% Amid Rising Inflation
The European Central Bank left its policy rate unchanged at 2% even as inflation accelerates, a stance echoed by the Financial Times and Bloomberg. At the same time, Christine Lagarde and Jerome Powel
ECB Holds Rates as Oil Falls and Markets Rebound
The European Central Bank left its policy rate unchanged as inflation stays stubborn, while rising fuel costs pressure policymakers. Simultaneously, oil prices fell, lifting European markets, and the
Eli Lilly Q1 profit doubles as weight‑loss sales surge
Eli Lilly’s first‑quarter profit more than doubled, driven by a surge in weight‑loss drug sales including Mounjaro and Zepbound, leading the company to lift its 2026 earnings guidance and boost its sh
Get the Finance newsletter
Curated finance stories, every morning. Free.
No spam. Unsubscribe anytime.