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.

India Stock Market Outlook: Sensex, Nifty Enter New Fiscal Year on Edge as Oil Surges, Rupee Cracks 95

India Stock Market Outlook: Sensex, Nifty Enter New Fiscal Year on Edge as Oil Surges, Rupee Cracks 95

The Sensex fell 1,635.67 points and the Nifty 50 dropped 488.2 points on Monday, capping their worst fiscal-year losses since 2020. The rupee hit a record low of 95.21 per dollar before closing at 94.83, down 11% for the year. Foreign investors pulled $19.69 billion from Indian equities, while Brent crude hovered near $115 a barrel. Indian cash markets are closed March 31 and April 3.
31 March 2026
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Michigan Approves $276.6 Million Consumers Energy Rate Hike, Bigger Bills Due in May

Michigan Approves $276.6 Million Consumers Energy Rate Hike, Bigger Bills Due in May

Michigan regulators approved a $276.6 million electricity rate increase for Consumers Energy, raising typical residential bills by $6.46 per month starting May 1. The Michigan Public Service Commission cut nearly 40% from the company’s original request. Consumers serves about 1.9 million customers statewide. Attorney General Dana Nessel criticized the decision as another burden on households.
31 March 2026
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Michigan Gas Prices Near $4 as F-150 Fill-Ups Top $100 and Drivers Line Up for Cheaper Gas

Michigan Gas Prices Near $4 as F-150 Fill-Ups Top $100 and Drivers Line Up for Cheaper Gas

Michigan’s average gas price fell to $3.915 a gallon Tuesday, according to AAA, but remains 92 cents higher than a month ago. Filling a 26-gallon Ford F-150 now costs about $102. The U.S. average topped $4 for the first time in over three years as the Iran war disrupted oil shipments. Some Michigan stations, like a Sam’s Club in Madison Heights, offered regular for $3.49, drawing long lines.
31 March 2026
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Goldman Sachs Keeps $5,400 Gold Price Target After Gold’s Worst Month Since 2008

Goldman Sachs Keeps $5,400 Gold Price Target After Gold’s Worst Month Since 2008

Gold rose 1.1% to $4,559.46 an ounce Tuesday but remains down over 13% for March, its steepest monthly drop since 2008. Goldman Sachs maintained its $5,400 end-2026 target, while HSBC and Commerzbank were less bullish. Central-bank gold buying slowed in January, according to the World Gold Council. Analysts cited high oil prices, a strong dollar, and fading Fed cut hopes as risks.
31 March 2026
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Atmos Energy Extends $3 Billion Credit Lines to 2029 and 2031 as Texas Blast Scrutiny Builds

Atmos Energy Extends $3 Billion Credit Lines to 2029 and 2031 as Texas Blast Scrutiny Builds

Atmos Energy extended maturities on two $1.5 billion credit lines to 2029 and 2031, according to a March 30 SEC filing. The move comes as the utility faces scrutiny after a March 19 home explosion in Lake Dallas, where a lawsuit alleges gas migrated from Atmos facilities; the company says its system is operating normally. Atmos expects $4.2 billion in capital spending for fiscal 2026 and reaffirmed its earnings guidance.
31 March 2026
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Snap Stock Rebounds, but EU Child-Safety Probe Keeps Pressure on Snapchat Owner

Snap Stock Rebounds, but EU Child-Safety Probe Keeps Pressure on Snapchat Owner

Snap Inc shares rose 2.5% Monday to $4.02, rebounding slightly after last week’s EU child-safety probe sent the stock near a 52-week low. Brussels is investigating Snapchat under the Digital Services Act for possible failures to protect minors from grooming and illegal content. Snap said it is cooperating. The company is under regulatory pressure globally as it shifts focus to subscriptions and direct revenue.
31 March 2026
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New Hampshire Moves on Bitcoin ATM Scam Bill as Seniors Bear Heavy Fraud Losses

New Hampshire Moves on Bitcoin ATM Scam Bill as Seniors Bear Heavy Fraud Losses

The New Hampshire Senate approved a bill requiring cryptocurrency ATM operators to refund scam victims who report fraud within 14 days. Losses at Bitcoin ATMs nationwide topped $65 million in the first half of 2024, with older Americans making up 71% of reported losses. The bill also mandates identity checks, daily transaction caps, and a 48-hour hold on first-time transactions. The measure now heads to the House.
31 March 2026
Wells Fargo Outage Today: Thousands Report Online Banking and App Login Problems

Wells Fargo Outage Today: Thousands Report Online Banking and App Login Problems

Wells Fargo’s online and mobile banking services were down for thousands of U.S. customers Monday, with Downdetector logging over 6,000 outage reports by 8 a.m. Pacific. Users reported login failures and missing account information. The bank directed customers to ATMs, branches, and phone support while working to restore access. Wells Fargo had not explained the cause by early afternoon.
31 March 2026
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SCHD ETF Rebalance Adds Abbott, UnitedHealth as Dividend Fund Inflows Hit 4-Year High

SCHD ETF Rebalance Adds Abbott, UnitedHealth as Dividend Fund Inflows Hit 4-Year High

Schwab’s U.S. Dividend Equity ETF (SCHD) increased health care holdings to 18.5% in its annual rebalance, adding Abbott Laboratories and UnitedHealth Group near the top at about 3.8% each. SCHD attracted $4 billion in Q1 as U.S. dividend funds pulled in $24.1 billion, the highest first-quarter inflow in four years. SCHD closed at $30.48 Monday, up 0.13%.
30 March 2026
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IBM Stock Rises, but AI Bet and Q4 Beat Still Can’t Shake Selloff Fears

IBM Stock Rises, but AI Bet and Q4 Beat Still Can’t Shake Selloff Fears

IBM shares rose 0.4% Monday but remain nearly 27% below their 52-week high after a sharp early-year selloff. The company completed its $11 billion Confluent acquisition on March 17 and will report first-quarter results April 22. IBM stopped disclosing standalone AI revenue, removing a key metric for investors. Bank of America reiterated a Buy rating and $340 target on March 10.
30 March 2026
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GE Vernova Stock Falls, but 2026 Gas Orders and a $40 Billion Nuclear Plan Keep It in Focus

GE Vernova Stock Falls, but 2026 Gas Orders and a $40 Billion Nuclear Plan Keep It in Focus

GE Vernova shares dropped 4% Monday to $818.46 despite company statements on rising 2026 gas orders and new U.S.-Japan energy deals. CEO Scott Strazik said new heavy-duty gas turbines cannot ship before 2029, with commissioning possibly in 2031. The company expects first-quarter gas contracts of 12–24 gigawatts, up from 8 gigawatts a year earlier. Electrification backlog is projected to double to $60 billion by 2028.
30 March 2026
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Broadcom vs Oracle vs Marvell: Fresh AI Stock Calls Put Custom Chips in Focus

Broadcom vs Oracle vs Marvell: Fresh AI Stock Calls Put Custom Chips in Focus

Broadcom was favored over Oracle and Marvell in Monday investment commentary, citing its AI chip growth and scale. Broadcom reported first-quarter AI revenue up 106% to $8.4 billion and forecast $10.7 billion for the current quarter. Oracle was noted for strong multicloud database growth, while Marvell was described as riskier with higher potential upside. Supply constraints and customer concentration remain key risks.
30 March 2026
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Oracle Stock’s AI Bet Faces Fresh Test as Dividend Fears Clash With New Bull Call

Oracle Stock’s AI Bet Faces Fresh Test as Dividend Fears Clash With New Bull Call

Oracle shares fell 0.9% to $138.40 Monday, now down nearly 60% from September highs, as investors weighed heavy AI infrastructure spending against negative free cash flow. Oracle reported a 22% revenue jump to $17.2 billion and a 325% surge in future contracted revenue, but free cash flow stood at negative $24.7 billion. The board maintained its 50-cent dividend amid debate over sustainability.
30 March 2026
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Natural Gas Price Today: Europe Gas Holds Near €54 as EU Rushes to Protect Winter Supply

Natural Gas Price Today: Europe Gas Holds Near €54 as EU Rushes to Protect Winter Supply

Europe’s benchmark natural gas price held near 54 euros/MWh Monday as EU ministers planned emergency talks after Middle East turmoil drove prices up over 70% since late February. EU gas storage averaged just 28% full last week, with Germany’s inflation rate rising to 2.8% in March on higher energy costs. Global LNG supply forecasts have been cut after disruptions in Qatar and shipping delays. Exxon and QatarEnergy’s Golden Pass plant in Texas produced its first LNG on Monday.
30 March 2026
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Oil Prices Jump Again: Brent Briefly Tops $116 as G7 Moves to Steady Markets

Oil Prices Jump Again: Brent Briefly Tops $116 as G7 Moves to Steady Markets

Brent crude fell 0.5% to $112.05 a barrel by midday Monday after earlier topping $116.89, while U.S. crude rose 3.5% to $103.09, as traders tracked Middle East tensions and G7 emergency measures. Saudi exports from Yanbu neared capacity at 4.6 million barrels per day. Asia, which buys most Hormuz oil, faces rising costs; South Korea warned of possible driving curbs if prices climb further.
30 March 2026
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Silver Price Today: Spot Silver Reclaims $70 as Haven Demand Returns and Germany Cuts Coin Content

Silver Price Today: Spot Silver Reclaims $70 as Haven Demand Returns and Germany Cuts Coin Content

Spot silver rose 1% to $70.27 an ounce Monday as investors sought safety amid ongoing Middle East conflict. Germany announced a 46% cut in silver content for its 35-euro collector coin due to price swings. Gold climbed 0.6% to $4,518.57, with platinum and palladium also higher. Traders are watching U.S. economic data and Fed policy as rate expectations shift.
30 March 2026
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Bitcoin Price Today: BTC Rebounds Toward $67,000 as Iran Talks Help, but ETF Outflows Cap Gains

Bitcoin Price Today: BTC Rebounds Toward $67,000 as Iran Talks Help, but ETF Outflows Cap Gains

Bitcoin traded near $67,000 in New York Monday, recovering from a weekend low of $65,033 after President Trump said the U.S. was in talks to end the war with Iran. U.S.-listed spot bitcoin ETFs saw $296 million in net outflows last week, with BlackRock’s IBIT losing $201.5 million in a single day. Ether rose 2.4% to $2,039. The Labor Department proposed rules to allow crypto in 401(k)s, pending a 60-day comment period.
30 March 2026
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Stock Market Today

  • DroneShield ASX:DRO Faces Governance Scrutiny Amid ASIC Probe; Valuation Debate Intensifies
    May 15, 2026, 11:08 PM EDT. DroneShield (ASX:DRO) is under an ASIC investigation over executive share trading and announcements from November 2025, raising governance concerns. Despite strong gains over five years with an 18x total shareholder return, recent stock momentum has waned, dropping 12.1% over 30 days to close at A$3.27. Market debate centers on whether this weakness signals a buying opportunity or reflects baked-in growth risks. The leading valuation narrative pegs fair value at A$8.57, implying significant upside based on scalable defence contracts across NATO and US channels. However, the stock's price-to-sales ratio of 13.9x notably exceeds sector averages, indicating elevated valuation risk if growth falters. Investors should weigh potential procurement timing risks and ASIC probe fallout against the company's positioning in the expanding defence technology market.

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.
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