Today: 16 May 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
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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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Intel Sets April 23 Q1 Earnings Date, With 18A Yields and AI Data-Center Demand in Focus

Intel Sets April 23 Q1 Earnings Date, With 18A Yields and AI Data-Center Demand in Focus

Intel will report first-quarter results after market close on April 23 and hold a 2 p.m. PT call. The company previously forecast revenue of $11.7 billion to $12.7 billion and break-even adjusted earnings per share, below analysts’ expectations. Investors are watching for updates on server-chip supply, 18A manufacturing yields, and foundry business progress. Supply constraints and AI-related demand remain key issues.
1 April 2026
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Snap stock surges after activist Irenic pushes AI reset, buybacks and Specs overhaul

Snap stock surges after activist Irenic pushes AI reset, buybacks and Specs overhaul

Snap Inc. shares rose 14% to $4.60 Tuesday after Irenic Capital disclosed a 2.5% stake and called for cost cuts, a sharper AI strategy, and a review of the Specs smart-glasses unit. Irenic urged Snap to give Class A shareholders more voting power and said Specs should be spun off or shut. Snap reported Q4 revenue of $1.72 billion and net income of $45 million, but its Q1 outlook missed expectations.
1 April 2026
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Dow Jumps 1,100 Points on Iran Exit Hopes, but Wall Street Still Closes Its Worst Quarter Since 2022

Dow Jumps 1,100 Points on Iran Exit Hopes, but Wall Street Still Closes Its Worst Quarter Since 2022

U.S. stock futures climbed early Wednesday after Wall Street’s biggest one-day rally in nearly a year, driven by President Trump’s signal that the Iran war could end within weeks. The Dow surged 1,125 points Tuesday, with tech stocks leading gains. S&P 500 and Dow still closed the quarter with their steepest losses since 2022. European and Asian markets also advanced.
1 April 2026
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Fidelity to Close Eight Canada Funds as Freedom 2045, 2015 Beat Benchmarks in Q4

Fidelity to Close Eight Canada Funds as Freedom 2045, 2015 Beat Benchmarks in Q4

Fidelity Investments Canada will close eight funds, with most terminations expected around July 24. The closures include several high-income ETFs and funds, plus two corporate-class funds pending securityholder approval in June. The affected products are already closed to new investors. Separately, Fidelity’s Freedom 2045 and 2015 funds outperformed their benchmarks in late 2025.
1 April 2026
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NVIDIA Corporation Bets $2 Billion on Marvell as Custom AI Chip Race Heats Up

NVIDIA Corporation Bets $2 Billion on Marvell as Custom AI Chip Race Heats Up

Nvidia invested $2 billion in Marvell Technology and expanded their partnership to integrate Marvell’s custom AI chips and networking with Nvidia systems. Marvell shares jumped 7% and Nvidia rose 2.7% after the announcement. The deal includes collaboration on custom processors and silicon photonics for faster, lower-power data transfer. Major tech firms are expected to spend at least $630 billion on AI infrastructure this year.
1 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 01.04.2026

Microsoft shares rose 3% after announcing a $1 billion investment to expand AI and cloud infrastructure in Thailand. The stock remains 21.7% lower year-to-date and 31.6% below its 52-week high. Broader markets gained on signs of easing Middle East tensions. Microsoft cited strong AI demand but warned of possible capital and supply constraints.
1 April 2026
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Tesla Stock Jumps, but Q1 Deliveries Are the Real Test for Elon Musk’s EV Maker

Tesla Stock Jumps, but Q1 Deliveries Are the Real Test for Elon Musk’s EV Maker

Tesla shares climbed 4.6% Tuesday as Wall Street rebounded, but the stock ended the quarter down over 20%. Analysts expect Tesla’s quarterly vehicle deliveries to fall from the previous quarter, with consensus at 365,645. Tesla lost its global EV sales lead to BYD in 2025 and faces slowing growth forecasts. Europe remains tough, with BYD nearly matching Tesla’s market share in February.
1 April 2026
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Bitmine Immersion Technologies stock jumps after 71,179 ether buy, Pier Two deal

Bitmine Immersion Technologies stock jumps after 71,179 ether buy, Pier Two deal

Bitmine Immersion Technologies shares rose 8% Tuesday after it disclosed buying 71,179 ether last week, raising its holdings to 4.73 million tokens. The company said 66% of its ether is already staked, generating $177 million in annualized staking revenue. Bitmine also completed the acquisition of Australian staking firm Pier Two. Ether traded at $2,103.20, above Bitmine’s last reported valuation.
1 April 2026
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NVIDIA Corporation Puts $2 Billion Into Marvell as AI Chip Race Turns to Custom Designs

NVIDIA Corporation Puts $2 Billion Into Marvell as AI Chip Race Turns to Custom Designs

Nvidia invested $2 billion in Marvell Technology and expanded a partnership to integrate Marvell’s custom AI chips and networking with Nvidia systems. Nvidia shares rose 5.6%, Marvell jumped 12.8%. Marvell will supply processors compatible with Nvidia’s NVLink Fusion and collaborate on silicon photonics. The agreement follows a period of volatility for Nvidia’s stock and rising competition in AI chips.
31 March 2026
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RH Stock Tumbles After Revenue Miss, Weak Q1 Outlook Clouds Luxury Expansion Push

RH Stock Tumbles After Revenue Miss, Weak Q1 Outlook Clouds Luxury Expansion Push

RH shares fell sharply in after-hours trading Tuesday after the company missed fourth-quarter revenue and earnings estimates, reporting $842.6 million in revenue and $1.53 per share in adjusted earnings. The retailer warned first-quarter sales would decline 2% to 4%. RH cited $30 million in tariff-related impacts and $10 million from weather disruptions. The stock dropped from $139.98 to $114.07 after the report.
31 March 2026
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Nike Q3 Earnings Beat Estimates as Turnaround Gains Traction, but China and Tariffs Still Hurt

Nike Q3 Earnings Beat Estimates as Turnaround Gains Traction, but China and Tariffs Still Hurt

Nike reported flat third-quarter revenue at $11.28 billion, beating Wall Street estimates, but net income fell 35% to $520 million. Sales to retail partners rose 5%, offsetting a 4% drop in Nike Direct, while Greater China revenue slid 7%. Gross margin dropped to 40.2% due to higher North America tariffs. CEO Elliott Hill faces continued pressure as the company works to regain investor confidence.
31 March 2026
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Stock Market Today

  • Nasdaq and S&P 500 Futures Drop Over 1% Amid Inflation Worries
    May 16, 2026, 8:21 AM EDT. Futures linked to the Nasdaq and S&P 500 fell more than 1% on Friday, marking a potential pause in the U.S. stocks' AI-driven rally. The decline came as U.S. Treasury yields surged due to fears of rising inflation sparked by escalating tensions in the Middle East. Higher yields often pressure stocks as borrowing costs increase and risk aversion rises.

Latest articles

Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

16 May 2026
Nvidia shares dropped 4.4% to $225.32 Friday, trimming gains from a chip rally but leaving the stock up 4.7% for the week. U.S. markets are closed for the weekend ahead of Nvidia’s fiscal first-quarter results after Wednesday’s close. Options pricing signals a possible 7% post-earnings swing, putting the near-term trading range between $210 and $241. The Nasdaq snapped a six-week winning streak as chip stocks sold off.
Netflix Stock Holds Near $87 Ahead of Monday Signal

Netflix Stock Holds Near $87 Ahead of Monday Signal

16 May 2026
Netflix shares closed Friday at $87.02, nearly flat for the week, as the S&P 500 and Nasdaq both fell more than 1%. At its New York upfront, Netflix said its ad-supported plan now reaches over 250 million global monthly active viewers and will expand to 15 more countries in 2027. Analyst price targets average $115.89, but some remain cautious on user engagement and ad revenue growth.
Tesla’s China Rally Fades; Monday Seen Testing AI Optimism

Tesla’s China Rally Fades; Monday Seen Testing AI Optimism

16 May 2026
Tesla shares closed Friday at $422.24, down 4.75%, after no breakthrough on its driver-assistance software emerged from Trump’s Beijing summit. The stock lost 1.4% for the week, underperforming GM and NIO. Broader markets also fell, with the S&P 500 down 1.2%. Investors remain focused on China and Tesla’s Full Self-Driving approval prospects.
Palantir Steady as Nasdaq Slides Before Monday

Palantir Steady as Nasdaq Slides Before Monday

16 May 2026
Palantir closed Friday at $133.99, up 0.2%, but lost 2.8% for the week after a sharp midweek drop. The Nasdaq is closed for the weekend, with trading set to resume Monday. Palantir’s first-quarter revenue jumped 85% to $1.63 billion, but valuation concerns linger as its price-earnings ratio nears 150. Broader tech stocks, including Nvidia and AMD, fell sharply Friday.
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