Today: 19 June 2026

Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

Meta Cuts 8,000 Jobs as Zuckerberg Pushes AI Ambitions

Meta Platforms CEO Mark Zuckerberg told staff he does not expect more company-wide layoffs this year after cutting about 8,000 jobs and shifting thousands to AI roles, affecting roughly 10% of the workforce. Meta raised its 2026 capital spending forecast to $125–$145 billion. Some employees questioned the reassurance, noting the wording left room for smaller cuts. U.S. laid-off workers will receive at least 16 weeks’ pay and extended healthcare.
22 May 2026
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Allstate faces $870 million storm loss as growth outlook wobbles

Allstate faces $870 million storm loss as growth outlook wobbles

Allstate estimated $870 million in April catastrophe losses, mostly from two wind and hail events, with an after-tax cost of $687 million. Shares fell 3.4% Thursday after the disclosure. The April loss exceeded analyst expectations and last year’s figure, despite recent gains in earnings and policy growth. Allstate will stop monthly policy count disclosures after June, moving to quarterly reporting.
22 May 2026
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Futures Edge Higher as AI Names Lead Gains Ahead of Holiday

Futures Edge Higher as AI Names Lead Gains Ahead of Holiday

U.S. stock futures climbed early Friday, with Dow e-minis up 151 points and Nasdaq 100 e-minis rising 148 points as lower Treasury yields boosted tech shares. Oil prices rose, with Brent crude at $104.96 a barrel amid concerns over the Strait of Hormuz. Nvidia projected stronger-than-expected revenue, while Workday surged nearly 12% premarket after beating estimates. Markets remain open Friday, with an early bond close ahead of Memorial Day.
22 May 2026
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Stock Market Holiday Schedule: Memorial Day 2026

Stock Market Holiday Schedule: Memorial Day 2026

The New York Stock Exchange and Nasdaq will close Monday, May 25, for Memorial Day. The bond market will follow a 2 p.m. ET recommended close on Friday before shutting Monday. U.S. stocks ended Thursday higher, with the S&P 500 at 7,445.72. Investors await inflation data and key tech earnings next week.
22 May 2026
GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries Stock Jumps on $375 Million Quantum Deal as U.S. Takes Stake in GFS

GlobalFoundries shares jumped 15% to $81.35 Thursday after the Commerce Department announced a planned $375 million award and a 1% government stake in the chipmaker. Trading volume topped 11 million shares, triple the prior day. The company launched a new quantum hardware unit as part of a $2 billion federal package for nine firms. The Commerce deal remains a letter of intent, not a finalized payment.
22 May 2026
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T. Rowe Price Now in Focus as PNC Trims Stake

T. Rowe Price Now in Focus as PNC Trims Stake

PNC Financial Services cut its T. Rowe Price Group stake by 4.3% in Q4, selling 22,521 shares, according to a 13F filing. T. Rowe reversed its overweight in Australian equities and increased U.S. exposure amid inflation concerns. April assets under management rose to $1.825 trillion, but net outflows totaled $10.6 billion. First-quarter earnings per share reached $2.52, beating estimates.
22 May 2026
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NIO Profit Surprise Fails to Lift Shares

NIO Profit Surprise Fails to Lift Shares

NIO’s U.S.-listed shares fell 5.5% to $5.29 in early premarket trading Friday, despite first-quarter revenue jumping 112% to $3.7 billion and vehicle deliveries nearly doubling. The company posted a net loss of $48.1 million under GAAP but reported an adjusted net profit. NIO forecast second-quarter deliveries of up to 115,000 vehicles and revenue as high as $4.99 billion. Rising material costs threaten vehicle margins.
22 May 2026
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Intel Earnings Preview: AI Server-Chip Shortages Put Turnaround to the Test

Intel Stock Back Near $119 as Traders Position Ahead of Bell

Intel shares rose in premarket trading Friday, gaining up to 3.2% alongside other chip stocks as Nasdaq 100 futures advanced 0.5%. The stock closed Thursday at $118.50 after a volatile week and a sharp rebound from a five-day slide. Investors weighed optimism over Intel’s foundry push and Apple-related hopes, though details remain limited. U.S. markets are scheduled to close Monday for Memorial Day.
22 May 2026
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Quantum Stocks Rally on $2 Billion Washington Move; QBTS, RGTI, INFQ Surge

Quantum Stocks Rally on $2 Billion Washington Move; QBTS, RGTI, INFQ Surge

D-Wave Quantum, Rigetti Computing, and Infleqtion shares each jumped over 30% Thursday after the U.S. Commerce Department announced $2 billion in preliminary CHIPS Act funding agreements for quantum firms. D-Wave, Rigetti, and Infleqtion each disclosed letters of intent for $100 million in proposed funding. IBM and GlobalFoundries also advanced on related news. Final awards and equity terms remain pending.
22 May 2026
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Take-Two Gains Premarket After GTA VI Date Eases Top Concern

Take-Two Gains Premarket After GTA VI Date Eases Top Concern

Take-Two Interactive kept Grand Theft Auto VI’s Nov. 19 release date, sending shares up 7% in after-hours trading despite a weaker annual forecast. Fiscal fourth-quarter net bookings reached $1.58 billion, with GAAP revenue at $1.68 billion and net loss narrowing to $59.5 million. Fiscal 2027 bookings guidance missed analyst estimates. Grand Theft Auto V sales neared 230 million units.
22 May 2026
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Oil Back Over $105 as Traders Skeptical on Hormuz Peace Hopes

Oil Back Over $105 as Traders Skeptical on Hormuz Peace Hopes

Brent crude rose 3.2% to $105.88 a barrel Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. U.S. Secretary of State Marco Rubio said talks stalled over Iran’s plan to charge ships. Iranian leaders refused to send highly enriched uranium abroad. The International Energy Agency warned of a possible supply “red zone” by August if Hormuz remains restricted.
22 May 2026
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American Airlines Stock Jumps 5%—Focus Shifts to What’s Next

American Airlines Stock Jumps 5%—Focus Shifts to What’s Next

American Airlines shares slipped 0.6% to $13.51 in premarket trading Friday after a 4.94% rally Thursday. The company faces rising fuel costs, with Brent crude up 3.2% to $105.88 a barrel. CEO Robert Isom is set to address investors at a May 27 conference. American reported a $382 million first-quarter net loss and cut its 2026 earnings outlook, citing higher jet fuel expenses.
22 May 2026
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Plug Power Shares Jump; Traders Eye AI Power Angle

Plug Power Shares Jump; Traders Eye AI Power Angle

Plug Power shares rose 14.2% to $3.78 on Thursday, lifted by sector momentum after Bloom Energy announced a major AI data-center power deal. Plug separately confirmed its Barrow Green Hydrogen project in Britain reached final investment decision and will supply Kimberly-Clark. Plug posted a first-quarter net loss of $245.3 million, wider than last year, and ended March with $802 million in cash.
22 May 2026
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IonQ Shares Pop In Quantum Move; U.S. Funds Go To Rival

IonQ Shares Pop In Quantum Move; U.S. Funds Go To Rival

IonQ shares closed at $58.89 Thursday, up 12.24%, as quantum-computing stocks surged after the U.S. Commerce Department announced $2.013 billion in incentives for the sector. IonQ was not among the direct recipients, with IBM and GlobalFoundries named for the largest awards. IonQ reported Q1 revenue of $64.7 million, up 755% year-over-year, and raised its full-year outlook. SkyWater shareholders approved a merger with IonQ on May 8.
22 May 2026
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Connecticut Car-Accident Claims Are Getting Harder to Settle as Costs, Evidence Fights Mount

Connecticut Car-Accident Claims Are Getting Harder to Settle as Costs, Evidence Fights Mount

Mancini Law says Connecticut car-accident claims are growing more complex as medical treatment, recovery times, and insurance disputes lengthen settlements. State data show traffic deaths fell in 2025, but bicycle and pedestrian fatalities rose. Medical care and insurance costs are rising unevenly, fueling disputes over crash-related expenses. Lawyers warn early settlements may miss hidden injuries or future losses.
22 May 2026
Infleqtion shares react to $100 million quantum funding news in Washington

Infleqtion Stock Jumps 31% After $100 Million Quantum Funding Letter — Why the Rally Isn’t Simple

Infleqtion shares jumped 31.5% to $15.99 after hours Thursday following news of a proposed $100 million U.S. quantum-computing award. The NYSE-listed company reported a first-quarter operating loss of $33.6 million on $9.5 million in revenue and raised its 2026 revenue outlook to at least $40 million. The Commerce Department’s program totals $2.013 billion across nine companies.
22 May 2026
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D-Wave Shares Climb After $100 Million U.S. Quantum Deal Adds Washington as Shareholder

D-Wave Shares Draw Investor Interest After Washington Quantum Funding

D-Wave Quantum traded near $28 in early premarket Friday after signing a letter of intent for $100 million in proposed U.S. funding, giving the Commerce Department an equity stake. Shares closed Thursday at $25.73, up 33.4%. The deal is not final and could be delayed or canceled. D-Wave reported $588.4 million in cash at March 31, with Q1 revenue down 81% to $2.9 million and a net loss of $18.4 million.
22 May 2026
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Stock Market Today

  • Juneteenth Holiday Hours for Walmart, Costco, Stock Markets, Banks
    June 19, 2026, 6:58 AM EDT. Juneteenth, observed on June 19, recently became a federal holiday commemorating the end of slavery in the U.S. Many businesses and services will have altered hours. Walmart and Costco could operate on limited schedules or close, while stock markets and banks may be closed to observe the holiday. Consumers should check with individual stores and services ahead of time to avoid disruptions on the holiday.

Latest articles

TechnipFMC Stock Sees Mixed Action From T. Rowe Price, Pacer

TechnipFMC Stock Sees Mixed Action From T. Rowe Price, Pacer

19 June 2026
T. Rowe Price Investment Management slashed its TechnipFMC stake by 20.1% last quarter, filings show, as the stock fell 16% from its April high and heads into key management appearances and Q2 results; strong Q1 subsea orders and backlog support the bull case, but fund moves offer a mixed signal for investors.
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