Today: 16 May 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
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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
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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
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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
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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
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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
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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
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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 02.04.2026

Nike shares fell to an 11-year low after the company warned of a 4% sales drop this quarter, amounting to a $500 million revenue loss. The stock has dropped about 75% since 2021. Nike cited backlash over its cultural stance, a failed direct-to-consumer pivot, and a 20% projected sales decline in China. CEO Elliott Hill acknowledged internal frustration as the company loses ground to rivals.
2 April 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Apellis Pharmaceuticals Stock Nears Biogen’s $5.6 Billion Bid for Syfovre and Empaveli

Apellis Pharmaceuticals Stock Nears Biogen’s $5.6 Billion Bid for Syfovre and Empaveli

Biogen agreed to buy Apellis Pharmaceuticals for $5.6 billion, offering $41 per share in cash plus sales-based rights tied to the eye drug Syfovre. Apellis shares traded at $40.23 after the announcement. The deal includes a contingent value right worth up to $4 if Syfovre hits certain sales milestones. Apellis’ board and key shareholders, holding 14%, backed the offer, which is expected to close in the second quarter.
1 April 2026
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Nio March Deliveries Jump 136% as EV Maker Beats Q1 Goal, Firefly Posts Strong Month

Nio March Deliveries Jump 136% as EV Maker Beats Q1 Goal, Firefly Posts Strong Month

Nio delivered 35,486 vehicles in March, up 136% year-on-year, and 83,465 in the first quarter, slightly above its forecast. The main Nio brand accounted for most sales, with Firefly reaching 6,119 units and surpassing 50,000 cumulative deliveries. Nio’s March total trailed Li Auto and Leapmotor but topped Xpeng. The company plans several model launches in April and May.
1 April 2026
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Stock Market Today

  • Household Products Stocks Q1 Review: Procter & Gamble Tops Spectrum Brands and Church & Dwight
    May 16, 2026, 7:19 AM EDT. Household products stocks showed resilient Q1 performance with a 2.7% revenue beat over estimates, despite an average 2.6% share price decline post-earnings. Procter & Gamble (NYSE:PG) led with $21.24 billion revenue, up 7.4% year-on-year, beating analysts by 3.6%, though its stock fell 1% to $144.25. Spectrum Brands (NYSE:SPB) posted a 4.9% revenue increase to $708.9 million, exceeding expectations by 4.4%, but shares dropped 5.2% to $80.63. Church & Dwight (NYSE:CHD), known for Arm & Hammer, faced the weakest quarter among peers. Investors are assessing each company's ability to capitalize on rising demand for eco-friendly household products amid shifting consumer trends.

Latest articles

Exxon shares head into Monday after oil jumps, court win in hand

Exxon shares head into Monday after oil jumps, court win in hand

16 May 2026
Exxon Mobil shares closed at $157.92 Friday, up 3.4% on the day and 5.5% for the week, tracking a jump in oil prices. Brent crude settled at $109.26 a barrel and WTI at $105.42, both up over 3% Friday. A Texas jury cleared Exxon in a long-running investor lawsuit. The S&P 500 and Nasdaq both fell as rising oil fed inflation concerns.
Cisco’s AI Push Faces Weekend Wall Street Test

Cisco’s AI Push Faces Weekend Wall Street Test

16 May 2026
Cisco closed at a record $118.21 Friday after raising its 2026 AI order forecast to $9 billion and reporting stronger-than-expected quarterly results. The company will cut nearly 4,000 jobs to fund its AI shift. Nasdaq trading resumes Monday after a volatile week for U.S. equities. Polymarket shows a 70% chance of no Fed rate cuts in 2026.
AMD heads into AI weekend test before Monday open

AMD heads into AI weekend test before Monday open

16 May 2026
AMD shares fell 5.69% to $424.10 on Friday, capping a 6.8% weekly drop after hitting a record $469.21 Monday. The Nasdaq Composite lost 1.54%, ending a six-week streak. AMD reported Q1 revenue up 38% to $10.253 billion, with Data Center sales rising 57%. U.S. markets reopen Monday; traders are watching Nvidia’s results and macro factors.
Microsoft gets $2 billion lift from Ackman, Monday looms for AI trade

Microsoft gets $2 billion lift from Ackman, Monday looms for AI trade

16 May 2026
Pershing Square disclosed a $2.09 billion stake in Microsoft, holding 5.65 million shares as of March 31, according to its latest 13F filing. Microsoft shares closed Friday up 3.1% at $421.92, gaining 1.6% for the week, while the broader Nasdaq fell. U.S. cash equities markets will reopen Monday.
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