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.

Indian Stocks Log Worst Month Since 2020 as Sensex, Nifty Tumble and Rupee Breaches 95

Indian Stocks Log Worst Month Since 2020 as Sensex, Nifty Tumble and Rupee Breaches 95

Indian stocks posted their steepest monthly drop since March 2020, with the Sensex closing down 2.22% at 71,947.55 and the rupee hitting a record low above 95 per dollar. Brent crude surged to $115.98 as the Middle East conflict widened, while foreign investors pulled $19.3 billion from equities this fiscal year. All major sectors fell in March, and banks faced added pressure after new RBI currency exposure limits.
30 March 2026
Coherent Corp back in focus after Nvidia deal as exec says pact will aid wider AI data-center push

Coherent Corp back in focus after Nvidia deal as exec says pact will aid wider AI data-center push

Coherent Corp shares closed at $243.48 Friday, little changed after a volatile session. Senior vice president Steve Rummel told a Pittsburgh summit the company’s multibillion-dollar deal with Nvidia will support the wider industry, not just one customer. Coherent joined the S&P 500 on March 23 and reported fiscal Q2 revenue of $1.69 billion, up 17% year over year.
29 March 2026
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Ciena Corporation Stock Swings After Insider Sale Filing as AI Networking Boom Gets Tested

Ciena Corporation Stock Swings After Insider Sale Filing as AI Networking Boom Gets Tested

Ciena shares rose 3.5% to $401.61 Friday after a Form 144 filing showed Blue Planet head Joe Cumello plans to sell 1,773 shares. The filing follows record Q1 revenue of $1.43 billion and a raised 2026 sales outlook. Cumello previously sold 11,929 shares in January for $2.74 million. Ciena’s stock has swung sharply this week, hitting a high of $446.89 and a low of $387.40.
29 March 2026
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Aurora Innovation Stock Slides as $10 Billion Driverless Truck Bet Enters 2026 Test

Aurora Innovation Stock Slides as $10 Billion Driverless Truck Bet Enters 2026 Test

Aurora Innovation shares closed at $4.12 Friday, down 2.6%, valuing the self-driving truck firm at about $9.95 billion. The company reported $3 million in 2025 revenue and a $238 million operating loss last quarter, but expects to operate over 200 driverless trucks by year-end. Aurora says its driverless fleet has logged 250,000 miles without a collision. Fourth-quarter revenue was $1 million.
29 March 2026
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Oil Prices Week Ahead: Brent Near $113 With Hormuz Talks, Houthi Risk and OPEC+ in Focus

Oil Prices Week Ahead: Brent Near $113 With Hormuz Talks, Houthi Risk and OPEC+ in Focus

Brent crude closed at $112.57 a barrel Friday, up 4.2%, and WTI at $99.64, up 5.5%, as traders doubted a quick Gulf ceasefire. Houthis’ entry into the conflict has nearly halted flows through the Strait of Hormuz, causing the largest supply disruption on record, according to the IEA. Two Chinese ships turned back Friday, and tanker traffic remains limited. OPEC+ meets April 5 to review output.
29 March 2026
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Mortgage Rates Today, Week Ahead: 30-Year Home Loans Near Six-Month High as Jobs Report Looms

Mortgage Rates Today, Week Ahead: 30-Year Home Loans Near Six-Month High as Jobs Report Looms

U.S. mortgage rates climbed to near six-month highs, with Mortgage News Daily reporting 6.64% and Freddie Mac’s weekly average at 6.38%, up from 6.22%. The Mortgage Bankers Association said 30-year contract rates rose 13 basis points to 6.43% and mortgage applications dropped 10.5%. Treasury yields rose as investors braced for inflation from higher oil prices tied to Middle East tensions. Key U.S. economic data releases are scheduled for this week.
29 March 2026
Natural Gas Price Week Ahead: Can Henry Hub Hold Above $3 as LNG Outages Tighten Global Supply?

Natural Gas Price Week Ahead: Can Henry Hub Hold Above $3 as LNG Outages Tighten Global Supply?

U.S. May Henry Hub natural gas futures rose 3.65% to $3.035 per mmBtu Friday after Chevron warned its Wheatstone LNG plant in Australia may take weeks to return to full output. European gas storage remains low, with EU stocks at 28% and the Netherlands at 6%. Dutch TTF April gas traded near $17.63 per mmBtu. U.S. storage stood at 1,829 bcf on March 20, slightly above the five-year average.
29 March 2026
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XRP Price Week Ahead: Why Jobs Data and Iran Risk Could Drive the Next Move

XRP Price Week Ahead: Why Jobs Data and Iran Risk Could Drive the Next Move

XRP traded near $1.32 after falling 5% over the past week, with 24-hour losses at 1.7%, according to Coinbase. The token faces key U.S. economic data next week, including the March payrolls report due April 3 when stock markets are closed. XRP futures and options contracts rolled over March 27. Ripple announced AI-assisted testing for the XRP Ledger on March 26.
29 March 2026
Bitcoin Price Week Ahead: Why $66,000 Is in Focus After ETF Outflows and Ahead of U.S. Jobs Data

Bitcoin Price Week Ahead: Why $66,000 Is in Focus After ETF Outflows and Ahead of U.S. Jobs Data

Bitcoin traded near $66,300 Sunday after two days of heavy outflows from U.S. spot bitcoin ETFs, which lost about $296 million last week. The March 27 bitcoin options expiry on Deribit reached $14 billion, nearly 40% of open interest. Ether hovered around $1,991, while Coinbase Global and Strategy shares fell sharply Friday. U.S. payroll data is due April 3, with Wall Street closed for Good Friday.
29 March 2026
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Silver Price Forecast for the Week Ahead: Payrolls, Powell and Iran Oil Risk Put $70 in Play

Silver Price Forecast for the Week Ahead: Payrolls, Powell and Iran Oil Risk Put $70 in Play

Spot silver rose 2.2% to $69.54 an ounce Friday, rebounding amid haven demand tied to the Iran war and shifting U.S. rate expectations. Oil, the dollar, and Treasury yields all moved higher, capping silver’s rally. U.S. nonfarm payrolls data is due April 3, when markets will be closed for Good Friday, likely pushing key trading into Thursday. Silver remains volatile after hitting a record $121.6 in January.
29 March 2026
Gold Price Week Ahead: Friday’s Rebound Faces a Tough Test From Payrolls, Oil and Hormuz Talks

Gold Price Week Ahead: Friday’s Rebound Faces a Tough Test From Payrolls, Oil and Hormuz Talks

Gold surged nearly 3% Friday to $4,504.79 an ounce but faces pressure from rising oil prices and U.S. Treasury yields, which climbed above 4.4%. Brent crude settled at $112.57 a barrel. U.S. jobs data and manufacturing PMI are due this week, with markets closed for Good Friday. Physical demand in India and China remains subdued despite central bank buying.
29 March 2026
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US Stock Market Week Ahead: Dow Correction, Good Friday Jobs Report and Oil Jolt Put Wall Street on Edge

US Stock Market Week Ahead: Dow Correction, Good Friday Jobs Report and Oil Jolt Put Wall Street on Edge

The Dow joined the Nasdaq in correction territory Friday, while the S&P 500 fell for a fifth straight week. Treasury yields climbed above 4.4% and oil neared $100 a barrel. The NYSE will be closed for Good Friday, delaying market reaction to Friday’s payrolls report. Consumer confidence, retail sales, and ISM manufacturing data are due earlier in the week.
29 March 2026
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Grab Holdings’ $600 Million Foodpanda Taiwan Deal Faces Fresh Scrutiny Over Uber Stake

Grab Holdings’ $600 Million Foodpanda Taiwan Deal Faces Fresh Scrutiny Over Uber Stake

Grab said Uber’s voting rights are below 4% as Taiwan regulators review its $600 million bid for Foodpanda Taiwan. The deal would mark Grab’s first expansion outside Southeast Asia, with closing expected in late 2026 and full migration to the Grab app by early 2027. Taiwan’s Fair Trade Commission is focusing on “actual control” and potential market abuse. Foodpanda Taiwan handled $1.8 billion in orders in 2025.
29 March 2026
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Plug Power Stock Slides as CEO Crespo Reaffirms 2028 Profit Path

Plug Power Stock Slides as CEO Crespo Reaffirms 2028 Profit Path

Plug Power shares fell to $2.18 Friday, capping a four-day slide, as CEO Jose Luis Crespo reaffirmed targets for positive EBITDA in late 2026 and full profitability in 2028. The company reported $368.5 million in unrestricted cash at 2025’s end and expects $132.5 million from a data-center asset sale. Plug posted a 2025 net loss of $1.63 billion despite a fourth-quarter gross profit.
29 March 2026
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USA Rare Earth Stock Price Falls Despite Stillwater Magnet-Line Startup

USA Rare Earth Stock Price Falls Despite Stillwater Magnet-Line Startup

USA Rare Earth shares fell 3.6% to $15.42 Friday after launching Phase 1a of its Stillwater, Oklahoma magnet plant, which will begin filling orders in Q2. The company expects the line to reach 600 metric tons annual capacity by end-2026, with a second line planned for 2027. The drop followed a broader market selloff. USA Rare Earth recently agreed to acquire full control of the Round Top deposit in Texas.
29 March 2026
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Eli Lilly and Company Stock Price: LLY Closes at $878.24 as Insilico Deal, Trial Data Put Monday in Focus

Eli Lilly and Company Stock Price: LLY Closes at $878.24 as Insilico Deal, Trial Data Put Monday in Focus

Eli Lilly secured a global licensing and research deal with Insilico Medicine worth up to $2.75 billion, including $115 million upfront. Lilly’s shares closed Friday at $878.24, down 2.1%. The company also reported positive late-stage results for Taltz with Zepbound in psoriatic arthritis and for eczema drug Ebglyss. Novo Nordisk launched a rival oral obesity pill in the U.S. earlier this month.
29 March 2026
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Duolingo Stock Drops Again as AI Growth Pivot Keeps DUOL Under Pressure

Duolingo Stock Drops Again as AI Growth Pivot Keeps DUOL Under Pressure

Duolingo shares dropped 2.8% to $95.35 Friday after the company forecast slower bookings growth and lower profit margins for 2026. Management is shifting focus to user growth, moving AI features to cheaper tiers and cutting ads, which could cost over $50 million in bookings this year. BofA Securities downgraded the stock, citing concerns over marketing. CFO Gillian Munson received 133,753 restricted stock units this week.
28 March 2026
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Stock Market Today

  • Janus (JBI) Stock Dips 4.8% on Weak Q1 Profit Despite Revenue Growth
    May 16, 2026, 12:23 AM EDT. Shares of Janus (NYSE:JBI) fell 4.8% after reporting first-quarter earnings that missed expectations by over 90%. The self-storage and building solutions company posted $222.7 million in revenue, up 5.8% year-over-year, but adjusted earnings per share (EPS) was just $0.01, well below the $0.11 estimate. Adjusted EBITDA, a key measure of operational profitability, also declined to $33 million with shrinking margins. Janus's stock is down 26.4% year-to-date, trading at $4.90, more than 54% below its 52-week high. The market reaction underscores investor concern over falling profits despite modest sales gains amid a broader shift from defensive to growth sectors in recent weeks.

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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