DAILY NEWS

U.S. GDP grew 2.0% in Q1 2026 (advance estimate); core PCE inflation picked up

Real GDP rose at a 2.0% annual rate in the first quarter, BEA said, while the PCE price index excluding food and energy accelerated to 4.3%.

Amazon nears $3T market-cap milestone as rally hits new records

Amazon shares climbed toward a $3 trillion market capitalization as the companys rally extended to fresh highs.

Semiconductor stocks surge at fastest pace since 2000, fueling bubble talk

Chip stocks have accelerated at their quickest rate since March 2000, reviving comparisons to the dot-com era.

Pfizer tops Q1 estimates and reiterates 2026 outlook as newer drugs offset fading Covid sales

Pfizer beat first-quarter forecasts and reaffirmed its 2026 outlook, supported by newer products as Covid-related revenue continues to decline.

PayPal rallies as branded checkout growth improves despite softer near-term EPS outlook

PayPal shares climbed as branded checkout volume growth accelerated, even though managements near-term earnings outlook fell short of some expectations.

Palantir surges after Q1 beat and stronger-than-expected guidance

Palantir shares rose after the company beat Q1 expectations and issued upbeat guidance, highlighting ongoing demand for AI-driven software and services.

HSBC slides after profit miss as credit-loss provisions rise

HSBC reported first-quarter pre-tax profit below estimates as expected credit losses climbed, sending shares lower and highlighting how geopolitics can bleed into bank risk models.

Morgan Stanley says the stock rally is being driven by earnings strength, not macro headlines

Morgan Stanley argues that improving earnings expectations—rather than oil or rate moves—remain the key catalyst keeping U.S. equities supported this reporting season.

Palantir shares in focus after 85% revenue surge and raised outlook

Palantir posted its fastest sales growth since going public, beating estimates and lifting full-year free-cash-flow guidance—reigniting debate over AI-software valuations.

Palantir jumps after blowout quarter and raised guidance

Palantir shares surged after strong results and higher guidance, driven by continued demand—especially from government customers.

HSBC slips after Q1 profit miss and higher credit-loss provisions

HSBC shares fell after a Q1 earnings miss as the bank increased provisions for potential credit losses.

Australia’s central bank lifts rates to 4.35% and flags inflation risks

Australia’s central bank raised rates to 4.35% and signaled inflation risks remain elevated, keeping markets focused on the path ahead.

Big Tech AI spending tops $700 billion as Google Cloud gains ground, Reuters reports

Capital spending tied to AI keeps rising across the tech giants, with Google Cloud gaining momentum—supporting chip and infrastructure demand but raising fresh questions about returns on investment.

Apple shares jump after upbeat guidance, services growth offsets iPhone softness

Apple stock rose after the company beat quarterly estimates and guided for double‑digit revenue growth, with investors focusing on accelerating services revenue and margin resilience despite a global memory crunch.

Inflation worries cool appetite for rapid Fed cuts as Kevin Warsh prepares to take over

US core PCE inflation rises to 3.2% as Q1 GDP growth slows; jobless claims hit decades-low

Fresh US data showed core PCE inflation at 3.2% year over year in March while first-quarter GDP growth came in softer than expected, complicating the Fed’s outlook even as initial jobless claims fell to their lowest level since 1969.

Alphabet’s cloud growth surges as Amazon and Microsoft also top estimates, highlighting AI-driven demand

Quarterly results from Alphabet, Amazon and Microsoft showed cloud revenue beating expectations across the board, with Google Cloud posting its fastest growth rate on record as customers ramp up AI workloads.

Meta shares slide while Alphabet climbs as investors scrutinize rising AI capex plans

Meta and Alphabet both raised 2026 spending expectations tied to AI infrastructure, but markets rewarded Alphabet’s results and punished Meta’s guidance as investors questioned the path to returns.

Sen. Warren says Trump still has a "sword" over Fed Chair Powell as Senate weighs Warsh nomination

U.S. stocks slip with Treasury yields near 4.35% as Nasdaq leads declines

Major U.S. indexes traded modestly lower, with the Nasdaq Composite down about 0.9% while the 10-year Treasury yield hovered near 4.35%, according to MarketWatch market data.

U.A.E. to leave OPEC May 1 as Middle East oil disruption intensifies, MarketWatch reports

The United Arab Emirates said it will exit OPEC on May 1 amid what MarketWatch described as a historic disruption to oil production and transport out of the Middle East—an event with potential knock-on effects for global equities.

Verizon shares rise after surprise subscriber gains offset a messy quarter

Verizon shares climbed after the company posted surprise subscriber gains that helped offset an uneven quarter.

Big Tech leads latest market rally as investors stick with “win-win” trade

Big Tech stocks helped power the latest leg of the market rally as investors continued to favor a “win-win” trade.

Shell to buy Canada’s ARC Resources for $13.6B as oil prices jump

Shell agreed to acquire Canada’s ARC Resources in a $13.6B deal as oil prices moved higher.