Today: 16 May 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

OpenAI Opens Door to Retail Investors as $852 Billion Valuation Raises IPO Stakes

OpenAI Opens Door to Retail Investors as $852 Billion Valuation Raises IPO Stakes

OpenAI closed a $122 billion funding round at an $852 billion valuation and raised over $3 billion from individual investors. The company said its shares will be included in several ARK Invest ETFs ahead of a possible IPO. Reuters reported OpenAI is shifting resources toward Codex and enterprise tools after pressure from Google and Anthropic. Amazon, Nvidia, SoftBank, and Microsoft participated in the round.
2 April 2026
······
Blue Owl Caps Withdrawals at Private Credit Funds After 41% and 22% Exit Rush

Blue Owl Caps Withdrawals at Private Credit Funds After 41% and 22% Exit Rush

Blue Owl Capital capped quarterly withdrawals at 5% for two private credit funds after investors sought to redeem 40.7% of shares in Blue Owl Technology Income Corp. and 21.9% in Blue Owl Credit Income Corp. The move follows a sharp rise in redemption requests and comes weeks after Blue Owl sold $1.4 billion in direct-lending assets. Both funds are business development companies focused on middle-market lending.
2 April 2026
·
Occidental Petroleum Stock Swings After $74 Target Boost as Oil Whiplash Tests Rally

Occidental Petroleum Stock Swings After $74 Target Boost as Oil Whiplash Tests Rally

Stephens raised its price target on Occidental Petroleum to $74, above the consensus, as shares fell 4.26% to $62.23 Wednesday amid a broader energy selloff. Oil prices rebounded Thursday after President Trump vowed continued attacks on Iran, pushing Brent and U.S. crude above $109. Occidental will report first-quarter results May 5, following recent debt reduction and a dividend hike after its $9.7 billion OxyChem sale.
2 April 2026
··
Intel to Buy Back Apollo’s Ireland Fab Stake for $14.2 Billion Amid Rising AI Demand

Intel to Buy Back Apollo’s Ireland Fab Stake for $14.2 Billion Amid Rising AI Demand

Intel will pay $14.2 billion to buy back Apollo Global Management’s 49% stake in its Fab 34 chip plant in Ireland, restoring full ownership. The company will use cash and $6.5 billion in new debt to finance the deal. Intel shares rose over 10% after the announcement. Fab 34 produces Core Ultra and Xeon 6 chips using Intel’s latest manufacturing technology.
2 April 2026
····
PECO Seeks Another 12.5% Rate Hike. Why Philly Utility Bills Could Rise Again in 2027. (WHYY)

PECO Seeks Another 12.5% Rate Hike. Why Philly Utility Bills Could Rise Again in 2027. (WHYY)

PECO filed for delivery-rate increases that would raise a typical residential electricity bill by 12.5% and suburban gas bills by 11.4% starting in 2027. The utility seeks $429 million for electric upgrades and $81 million for gas infrastructure, serving 1.7 million electric and over 553,000 gas customers. More than 1,000 union workers remain without a contract as labor talks continue.
2 April 2026
·
Nvidia Invests $2 Billion in Marvell as Custom AI Chip Race Heats Up

Nvidia Invests $2 Billion in Marvell as Custom AI Chip Race Heats Up

Nvidia invested $2 billion in Marvell Technology and will link Marvell’s custom AI chips to its NVLink Fusion system. Marvell shares rose 7% after the announcement, Nvidia gained 2.7%. The deal comes as Nvidia’s share of China’s AI server chip market fell to 55% in 2025, with Chinese suppliers taking 41%. Both companies warned the partnership could face regulatory and market risks.
2 April 2026
···
KeyBank Fraud Controls in Focus After Ohio Robbery and Foiled $5,000 Check Scam

KeyBank Fraud Controls in Focus After Ohio Robbery and Foiled $5,000 Check Scam

Police arrested a man accused of robbing a KeyBank branch in Miami Township, Ohio, days before the bank highlighted a separate $5,000 check-fraud attempt stopped by its Positive Pay system. The incidents come as KeyCorp prepares to report first-quarter results on April 16. Federal data show check fraud remains widespread, with 63% of surveyed companies targeted in 2024 and 91% still using checks. KeyBank shares opened at $20.34 Thursday.
2 April 2026
·
Sensex, Nifty Reverse After Rs 10 Lakh Crore Wipeout as Rupee Jumps, Iran Oil Fears Linger

Sensex, Nifty Reverse After Rs 10 Lakh Crore Wipeout as Rupee Jumps, Iran Oil Fears Linger

Indian shares rebounded from steep early losses Thursday, with the Sensex closing up 0.25% and the Nifty 50 rising 0.15% after the Reserve Bank of India’s intervention triggered the rupee’s biggest one-day gain since 2013. The rupee jumped 1.8% to close at 93.10 per dollar. Banks led early declines, and India’s March manufacturing PMI fell to 53.9 from 56.9. Brent crude hovered near $109 a barrel.
2 April 2026
····
Exxon Stock Sinks 5%, Wiping Out $36 Billion as Oil Slide Jolts Energy Shares

Exxon Stock Sinks 5%, Wiping Out $36 Billion as Oil Slide Jolts Energy Shares

Exxon Mobil shares fell 5.2% to $160.78 Wednesday, erasing $36 billion in value, after oil prices dropped on signs the U.S. could soon end its war with Iran. Brent crude settled at $101.16 a barrel, down 2.7%. The S&P 500 energy index dropped 3.9% even as the broader S&P 500 rose. By Thursday, oil rebounded nearly 7% after Trump said attacks on Iran would continue.
2 April 2026
···
Ondas Inc. Closes World View Acquisition, Adds High-Altitude Surveillance as Stock Rises

Ondas Inc. Closes World View Acquisition, Adds High-Altitude Surveillance as Stock Rises

Ondas Inc. completed its acquisition of World View Enterprises, issuing up to 12.8 million shares and $7.3 million in cash. Shares rose 2% after the deal, which adds high-altitude surveillance platforms to Ondas’ defense business. Ondas reported a $101 million Q4 net loss as acquisition costs rose. World View will operate under Ondas Autonomous Systems.
1 April 2026
···
Grab Holdings Limited Launches Singapore Driverless Rides With WeRide as Margin Pressure Builds

Grab Holdings Limited Launches Singapore Driverless Rides With WeRide as Margin Pressure Builds

Grab launched Singapore’s first autonomous public ride service in Punggol, operating limited shuttles with WeRide and logging over 30,000 km with 1,000 early riders. The Land Transport Authority said free public rides begin April 1, with paid service at a S$4 fare set for mid-2026. The rollout follows Grab’s $600 million deal to buy Foodpanda Taiwan and a $400 million stock buyback plan.
1 April 2026
··
Tesla Sales Rebound in Europe as France Registrations Triple Ahead of Q1 Deliveries

Tesla Sales Rebound in Europe as France Registrations Triple Ahead of Q1 Deliveries

Tesla’s new-car registrations in France surged 203% to 9,569 in March, with sharp gains also reported in Norway, Sweden, and Denmark. Industry data showed first-quarter registrations rose in France, Norway, Sweden, Denmark, and Spain, but fell 23% in the Netherlands. Tesla is set to report first-quarter deliveries Thursday, with analyst estimates in the mid-360,000s, down from the previous quarter.
1 April 2026
·
American Airlines Wins Key Australia Nod for Qantas Alliance as Fuel Costs Rise

American Airlines Wins Key Australia Nod for Qantas Alliance as Fuel Costs Rise

Bitmine Immersion Technologies said it bought 71,179 ether last week, raising its holdings to 4.732 million tokens, or about 3.92% of ether’s supply. The company launched its MAVAN staking network on March 25 and reported $177 million in annualized staking revenue. Bitmine’s crypto, cash, and equity assets total $10.7 billion. Shares traded near $19.70 Wednesday morning as ether hovered around $2,118.
1 April 2026
···
Micron Technology Debt Buyback Nears $4.5 Billion as AI Chip Expansion Costs Climb

Micron Technology Debt Buyback Nears $4.5 Billion as AI Chip Expansion Costs Climb

Micron Technology said holders tendered about $4.32 billion of six series of senior notes by the buyback deadline, with another $140 million pending via guaranteed delivery. The company set purchase prices at $1,048 to $1,080 per $1,000 principal and expects payment on April 3. The buyback comes after Micron raised its fiscal 2026 capital spending plan to over $25 billion.
1 April 2026
···
Entergy Stock Extends Rally as Meta Data Center Deal Draws Fresh $120 Targets

Entergy Stock Extends Rally as Meta Data Center Deal Draws Fresh $120 Targets

Entergy shares climbed to $113.74 Wednesday after hitting a 52-week high Tuesday, buoyed by analyst upgrades and a $10 billion Meta data-center deal in Louisiana. Meta will pay the full cost of service for the project, expected to save Entergy customers about $2 billion over 20 years. The agreement includes seven new gas plants and major grid upgrades. Regulatory approval is still pending, with a decision expected in late 2026.
1 April 2026
···
Nu Holdings Ltd taps ex-Amazon veteran Diego Piacentini for board as Nubank pushes toward U.S. bank launch

Nu Holdings Ltd taps ex-Amazon veteran Diego Piacentini for board as Nubank pushes toward U.S. bank launch

Nu Holdings appointed former Amazon and Apple executive Diego Piacentini to its board Wednesday as it prepares for U.S. expansion. The company ended 2025 with 131 million customers and $894.8 million in fourth-quarter net income. Nu is seeking full U.S. bank approval after conditional OCC clearance in January. Competition from MercadoLibre, Chime, and Revolut is intensifying.
1 April 2026
·
Haverhill Eyes Crypto ATM Ban, 60-Day Removal Order as Fraud Scrutiny Grows

Haverhill Eyes Crypto ATM Ban, 60-Day Removal Order as Fraud Scrutiny Grows

Haverhill, Massachusetts is considering a ban on cryptocurrency ATMs, with operators facing removal of kiosks within 60 days or $300 daily fines. The ordinance, backed by Mayor Melinda Barrett, passed an initial 11-0 council vote and was set for review Tuesday night. Local officials cite rising crypto fraud, with Essex County prosecutors recovering over $180,000 since January. Only a handful of machines are inside city limits.
1 April 2026
·
Amazon Stock Gets Fresh Fund Backing as New Filings Show Bigger Stakes Amid AI Spending Worries

Amazon Stock Gets Fresh Fund Backing as New Filings Show Bigger Stakes Amid AI Spending Worries

Illinois American Water urged 1.3 million customers to update MyWater contact details for emergency and maintenance alerts as it pursues new rates linked to $577 million in planned investment through 2027. The utility reported over $280 million spent on Illinois infrastructure in 2025. A House-passed bill to extend EPA water programs, including the Great Lakes initiative, is now before the Senate.
1 April 2026
·
1 … 85 86 87 88 89 … 816

Stock Market Today

  • TJX Companies Stock Pullback: Valuation Concerns Amid Market Decline
    May 15, 2026, 9:03 PM EDT. TJX Companies (TJX) shares fell 4.6% last week and 8.1% over the past month despite a 12.1% one-year and 135.2% five-year return. The retailer faces scrutiny as its valuation scores 0/6 on standard metrics, signaling no undervaluation. A Discounted Cash Flow (DCF) model estimates TJX's intrinsic value at $105.36 per share, contrasting with its $147 market price, suggesting a 39.9% premium and potential overvaluation. Investors are monitoring factors such as store traffic and consumer trends, impacting market sentiment. This combination of recent price weakness and valuation analysis raises questions regarding the stock's growth prospects and fair market value.

Latest articles

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

16 May 2026
U.S. stock ETFs fell in after-hours trading Friday following a more than 1% drop in the S&P 500, Dow, and Nasdaq. Oil surged 4.2% to $105.42 a barrel and the 10-year Treasury yield hit 4.597%, fueling concerns over inflation and Fed rate hikes. Nvidia, AMD, and Intel led chip declines, while Berkshire Hathaway disclosed a $2.65 billion Delta stake and exited Amazon, Visa, and Mastercard.
Accuray inks 10-year cancer tech agreement, shares in focus

Accuray inks 10-year cancer tech agreement, shares in focus

16 May 2026
Accuray and the University of Wisconsin School of Medicine and Public Health signed a 10-year research agreement focused on Accuray’s Stellar adaptive radiotherapy platform. The announcement came after market close, with Accuray shares ending down 5.2% at $0.27. The deal follows Accuray’s recent withdrawal of fiscal 2026 guidance and ongoing financial pressures.
Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

16 May 2026
Origin Materials asked shareholders to approve a plan to liquidate and dissolve the company, estimating an initial payout of $0.61 to $3.54 per share depending on asset sales and claims. Shares rose 15% to $1.43 after the filing. The company reported a 91% drop in first-quarter revenue and warned it may not survive without the wind-down. Origin cut 59% of its workforce and CEO John Bissell stepped down May 1.
NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

16 May 2026
NextNRG reported first-quarter revenue of $21.1 million, up 29% from a year earlier, but its net loss widened to $10.8 million. Cash fell to $208,048 at quarter-end, and management warned it needs immediate capital to continue operations. Shares closed at $0.2804 on Nasdaq, down nearly 6%. Total liabilities reached $34.3 million, with a stockholders’ deficit of $22 million.
Go toTop