Today: 23 April 2026

Tesla Earnings Surprise: $1.4 Billion Cash Flow Steals Focus From Revenue Miss

Tesla Earnings Surprise: $1.4 Billion Cash Flow Steals Focus From Revenue Miss

Tesla reported $1.44 billion in free cash flow for the first quarter, sending shares up 3.4% in late trading, despite revenue of $22.39 billion missing Wall Street estimates. Vehicle deliveries rose 6% to 358,023 but lagged forecasts, while global inventory climbed to 27 days of supply. Net income rose 17% to $477 million. Tesla ended the quarter with $44.74 billion in cash and short-term investments.
Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Warner Bros. Discovery Shareholders Are Hours From Paramount Vote That Could Redraw Hollywood

Warner Bros. Discovery shareholders face a Wednesday night deadline to vote on Paramount Skydance’s $110 billion takeover offer, with a special meeting set for Thursday morning. Shares traded 12% below the $31-per-share offer Wednesday, signaling investor doubts despite board support. The U.S. Justice Department has issued subpoenas, and UK regulators are reviewing the deal. Nearly 3,500 industry figures have signed an anti-merger letter.
TSMC Debuts A13, Holds Off on ASML’s High-NA EUV Tools Until 2029

TSMC Debuts A13, Holds Off on ASML’s High-NA EUV Tools Until 2029

TSMC unveiled its A13 chip technology Wednesday, confirming it will not adopt ASML’s High-NA EUV machines before 2029. The A13 node offers 6% area savings over A14 and maintains design compatibility. TSMC also introduced N2U, a 2-nanometer variant due in 2028. The company is expanding advanced packaging, with a 14-reticle CoWoS platform planned to combine large compute dies and high-bandwidth memory.
22 April 2026
ASML Says It Can Keep Up With AI Chip Boom in 2026, but China Curbs Still Loom

ASML Says It Can Keep Up With AI Chip Boom in 2026, but China Curbs Still Loom

ASML CEO Christophe Fouquet told investors the company will not be a bottleneck for chipmakers in 2026 after boosting capacity and productivity. ASML last week raised its 2026 sales forecast to 36–40 billion euros following first-quarter sales of 8.8 billion euros and net income of 2.8 billion euros. Risks remain from U.S. export controls on China and the pace of next-generation EUV tool adoption.
Alphabet Stock Gets Fresh $410 Target Ahead of Earnings as Gemini and Google Cloud Lift Outlook

Alphabet Stock Gets Fresh $410 Target Ahead of Earnings as Gemini and Google Cloud Lift Outlook

Alphabet shares rose 1.7% to $337.93 midday Wednesday after BMO Capital Markets raised its price target to $410 and BofA Securities reiterated a Buy at $370 ahead of next week’s earnings. At Google Cloud Next in Las Vegas, Google unveiled new AI agents, custom chips, and announced major deals with Merck, PepsiCo, and Salesforce. Analysts cited accelerating Google Cloud growth and stronger AI integration in Search.
AMD Stock Jumps as Stifel Lifts Price Target to $320 Ahead of May 5 Earnings

AMD Stock Jumps as Stifel Lifts Price Target to $320 Ahead of May 5 Earnings

AMD shares jumped 6% to $302.24 after Stifel raised its price target to $320 and reiterated a Buy rating. The stock is now less than 6% below Stifel’s new target and near Bank of America’s $310 target. AMD has major AI chip supply deals with Meta and OpenAI, with shipments set to begin in late 2026. The company reported record Q4 2025 revenue of $10.3 billion, with data-center sales up 39%.
Why GE Aerospace Stock Fell Despite an Earnings Beat and a $210 Billion Backlog

Why GE Aerospace Stock Fell Despite an Earnings Beat and a $210 Billion Backlog

GE Aerospace shares fell 4% Wednesday despite beating Q1 estimates and raising its 2026 profit outlook, as management kept its full-year forecast unchanged. First-quarter orders jumped 87% to $23 billion and adjusted EPS rose 25% to $1.86. Airlines warned that the Iran war has raised fuel costs and clouded demand, testing GE’s service revenue resilience. GE’s commercial-services backlog stands above $170 billion.
Microsoft Stock’s $500 Question: Why Wall Street Is Watching Azure Before Earnings

Microsoft Stock’s $500 Question: Why Wall Street Is Watching Azure Before Earnings

Microsoft shares rose 1.7% to $431.31 Wednesday as investors focused on Azure growth and Copilot adoption ahead of next week’s earnings. Bank of America maintained a buy rating and $500 target, citing AI infrastructure and cloud gains as key factors. Last quarter, revenue climbed 17% to $81.3 billion, but heavy AI spending and only slightly better-than-expected cloud growth unsettled some investors.
IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM will report first-quarter results Wednesday after markets close, with analysts expecting adjusted earnings of $1.81 per share on $15.6 billion in revenue. Investors are watching for signs that software growth, boosted by the $11 billion Confluent acquisition in March, can support a higher 2026 outlook. Red Hat’s performance and updated guidance are in focus. Several analysts cut price targets ahead of the report but kept positive ratings.
Broadcom Stock Nears Record as Google AI Chip Push Fuels AVGO Breakout Bet

Broadcom Stock Nears Record as Google AI Chip Push Fuels AVGO Breakout Bet

Broadcom shares jumped over 4% Wednesday, trading near a record $420, after Google unveiled new TPU 8t and TPU 8i AI chips. Broadcom recently disclosed a long-term deal to supply Google with custom TPUs and networking components through 2031. The company reported $19.31 billion in fiscal Q1 revenue, with AI revenue up 106% to $8.4 billion. Investors remain divided over valuation and margin pressures.
US Stock Market Today: Nasdaq Leads Wall Street Rally as Iran Ceasefire Relief Meets Earnings Momentum

US Stock Market Today: Nasdaq Leads Wall Street Rally as Iran Ceasefire Relief Meets Earnings Momentum

The Nasdaq rose 1.29% as technology and chip stocks led gains after President Trump extended the Iran ceasefire. GE Vernova, Boeing, and Boston Scientific advanced following earnings reports. Oil hovered near $100, with fresh ship seizures in the Strait of Hormuz highlighting ongoing risks. At 11:25 a.m. ET, the Dow was up 381 points, the S&P 500 gained 61 points, and the Nasdaq climbed 314 points.
Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber disclosed an 11.52% passive stake in Lucid Group, owning 37.8 million shares through a subsidiary, according to an SEC filing dated April 20. The move follows Uber’s expanded $500 million investment and a commitment to purchase at least 35,000 Lucid robotaxi vehicles. Lucid shares fell 1.3% Wednesday after a prior rally. The companies plan a commercial robotaxi launch in the Bay Area later this year.
Super Micro Stock Climbs Before Earnings As Options Traders Price An 11% Swing

Super Micro Stock Climbs Before Earnings As Options Traders Price An 11% Swing

Super Micro shares rose 2.7% to $29.20 Wednesday morning, extending a rebound ahead of its May 5 earnings report. Options markets are pricing in high volatility, with a 50% chance of a move larger than 10.99% around the results. The report follows a March indictment tied to export controls and compliance concerns. JPMorgan last week cut its price target to $28.
GameStop Stock Jumps Again: Why GME Is Back Above $25 And What Could Break The Rally

GameStop Stock Jumps Again: Why GME Is Back Above $25 And What Could Break The Rally

GameStop shares rose about 4.2% to near $25.49 in midday New York trading Wednesday, with volume topping 5.3 million shares after a short Xbox and PlayStation trade-in promotion and renewed speculation about CEO Ryan Cohen’s acquisition plans. Cohen told CNBC he wants GameStop to buy a much larger public consumer company but did not name a target. GameStop’s cash and securities rose to $9 billion last quarter as net sales fell.
22 April 2026
RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX raised its 2026 adjusted EPS guidance to $6.70-$6.90 and sales outlook to $92.5-$93.5 billion after first-quarter revenue rose 9% and adjusted EPS climbed 21%. Raytheon missile programs and Pratt & Whitney’s aftermarket work drove gains; backlog reached $271 billion. Shares fell about 2.5% Wednesday morning after a 4.4% drop Tuesday. First-quarter sales totaled $22.08 billion, up from $20.31 billion a year ago.
Vanguard ETF Splits Take Effect: What Lower Prices for VGT, VUG, MGK, VOOG and VO Mean Now

Vanguard ETF Splits Take Effect: What Lower Prices for VGT, VUG, MGK, VOOG and VO Mean Now

Vanguard’s five planned ETF share splits took effect, dropping prices for VGT to $102.24, VUG to $82.59, MGK to $83.55, VOOG to $77.16, and VO to $76.68 by Wednesday morning in New York. The splits do not affect portfolio composition or investor value. Fund assets as of March 31 totaled $317.8 billion for VUG and $198.3 billion for VO. Vanguard says splits aim to improve trading by lowering share prices.
22 April 2026
Trump Administration Nears $500 Million Spirit Rescue as American Rejects United Merger (Bloomberg)

Trump Administration Nears $500 Million Spirit Rescue as American Rejects United Merger (Bloomberg)

The Trump administration is close to a deal to lend Spirit Airlines up to $500 million, with Washington set to receive warrants for future shares, according to Bloomberg and The Wall Street Journal. The rescue, not yet finalized, would be a rare federal intervention in a single airline. Spirit sought emergency aid after fuel prices doubled its costs, threatening its bankruptcy exit plan. The White House opposes a United-American merger.
Opendoor Technologies Stock Keeps Climbing as Earnings Test Looms

Opendoor Technologies Stock Keeps Climbing as Earnings Test Looms

Opendoor Technologies shares rose 0.8% to $5.50 Wednesday morning, continuing a rebound ahead of first-quarter results due May 7. The stock is up from $4.51 on April 14. The company will replace its usual earnings call with a video "Financial Open House" for live shareholder questions. Wall Street remains divided on Opendoor's path to profitability as investors watch for improved unit economics.
Indian Stock Market Today: Sensex, Nifty 50 Slide as HCLTech Sparks IT Selloff; 24,000 in Focus

Indian Stock Market Today: Sensex, Nifty 50 Slide as HCLTech Sparks IT Selloff; 24,000 in Focus

HCLTech shares plunged 10.7% Wednesday after a weak growth forecast, dragging the Nifty 50 down 0.81% to 24,378.10 and the Sensex 0.95% lower. Infosys and Tata Consultancy Services also fell sharply, pulling the Nifty IT index down 3.9%. Small- and mid-cap stocks rose, but financials slipped. Traders are watching whether banks can keep the Nifty 50 above 24,000 amid volatile oil prices and Middle East tensions.
United Airlines CEO Sidesteps American Airlines Merger Talk as Trump Opposes Deal, Signals Support for Spirit

United Airlines CEO Sidesteps American Airlines Merger Talk as Trump Opposes Deal, Signals Support for Spirit

United Airlines CEO Scott Kirby declined to confirm interest in acquiring American Airlines, keeping merger speculation active after President Trump voiced opposition. United cut its 2026 outlook as jet-fuel costs rise amid the Iran conflict, but reported $14.6 billion in first-quarter revenue. American rejected merger talks, citing competition concerns. A combined carrier would control about 40% of U.S. domestic flying capacity.

Stock Market Today

  • Teck Resources Ltd Beats Q1 Earnings and Revenue Estimates with Strong Performance
    April 23, 2026, 8:53 AM EDT. Teck Resources Ltd (TECK) reported Q1 earnings of $1.28 per share, surpassing estimates of $0.74, marking a 73% positive earnings surprise. The company's revenue rose sharply to $2.87 billion, beating forecasts by nearly 25% and up from $1.6 billion a year earlier. Teck has exceeded earnings expectations in each of the last four quarters, reflecting strong operational performance. Shares have gained about 23.7% year-to-date, outperforming the S&P 500's 4.3% rise. The stock holds a Zacks Rank #3 (Hold) rating, indicating expected market-level performance going forward. Investors will watch forthcoming earnings revisions and the mining industry's outlook closely, as these factors could impact future price movement and company prospects in a sector facing challenges.

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Xfinity Mobile Launches New $30 and $45 Plans, Adds Device Protection to Top Tier as Comcast Hits Record Wireless Growth

Xfinity Mobile Launches New $30 and $45 Plans, Adds Device Protection to Top Tier as Comcast Hits Record Wireless Growth

23 April 2026
Comcast launched two new Xfinity Mobile plans with flat per-line pricing, ending multiline discounts and adding device protection to the top tier. Mobile Plus costs $45 per line monthly, Mobile Select $30. The move follows record wireless growth, with 435,000 new lines last quarter, while broadband losses continued. Comcast shares rose nearly 8% after beating Wall Street estimates.
Bitcoin Near $78,000 Is Rewiring Online Casinos in 2026 as $2 Deposits Become the New Battleground

Bitcoin Near $78,000 Is Rewiring Online Casinos in 2026 as $2 Deposits Become the New Battleground

23 April 2026
Crypto Adventure on April 23 ranked Rakebit highest for small deposits among crypto casinos as Bitcoin traded near $77,793. Britain’s remote gaming duty rose to 40% this month, raising costs for mainstream bookmakers. Rakebit’s minimum deposit is about $2 in crypto, while Rainbet and Coins.Game set higher thresholds. New York’s attorney general sued Coinbase and Gemini this week, signaling increased regulatory scrutiny.
Intel Q1 Earnings Face Reality Check After 78% Stock Surge on AI CPU Hopes

Intel Q1 Earnings Face Reality Check After 78% Stock Surge on AI CPU Hopes

23 April 2026
Intel reports first-quarter earnings Thursday after a 70% stock surge this year. Analysts expect revenue of $12.42 billion, down 1.9%, and adjusted profit to fall nearly 90%. Data center and AI unit sales may rise 6.8% to $4.41 billion, but supply issues remain a concern. Investors are watching demand for AI server chips and progress in contract manufacturing.
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