Today: 16 May 2026

Lucid Group stock tumbles as Uber stake fails to ease funding worries

Lucid Group stock tumbles as Uber stake fails to ease funding worries

Lucid Group shares fell 9.6% to $6.25 Thursday after Uber disclosed an 11.52% stake, totaling 37.75 million shares, in a regulatory filing. The drop followed Lucid’s $1.05 billion capital raise last week, including $500 million from Uber and $550 million from Saudi Arabia’s PIF affiliate. Lucid produced 5,500 vehicles and delivered 3,093 in Q1, missing estimates after a supplier issue halted Gravity SUV deliveries.
23 April 2026
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Palantir Wins $300 Million USDA Deal Ahead of Key May Earnings

Palantir Wins $300 Million USDA Deal Ahead of Key May Earnings

Palantir signed a $300 million software agreement with the U.S. Department of Agriculture, expanding its government business ahead of its May 4 earnings report. Shares fell 7.2% Thursday despite the deal. The USDA said Palantir’s platform enabled rapid rollout of February’s $11 billion Farmer Bridge Assistance Program. The contract is a Blanket Purchase Agreement, allowing repeated orders over time rather than a single payment.
23 April 2026
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United Rentals Stock Surges 23% After Q1 Earnings Beat — Why Investors Rushed Back In

United Rentals Stock Surges 23% After Q1 Earnings Beat — Why Investors Rushed Back In

United Rentals shares surged 22.9% to $986.77 after the company raised its 2026 revenue and adjusted EBITDA outlook. First-quarter revenue hit a record $3.985 billion, with rental revenue up 8.7% and adjusted EPS at $9.71. Used equipment sales fell 7.2%, and specialty rental gross margin declined. Management cited strong demand in large projects but flagged delivery costs and revenue mix as ongoing concerns.
23 April 2026
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Netflix Stock Gets $25 Billion Buyback Boost After Warner Bros Deal Collapse

Netflix Stock Gets $25 Billion Buyback Boost After Warner Bros Deal Collapse

Netflix approved an additional $25 billion in share buybacks, on top of $6.8 billion remaining from a previous program, after collecting a $2.8 billion termination fee from a failed Warner Bros Discovery deal. Shares traded near $93 in New York. First-quarter revenue rose 16% to $12.25 billion, with free cash flow up to $5.1 billion. The new buyback authorization has no expiration date.
23 April 2026
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Nokia Stock Hits a 16-Year High as AI Cloud Orders Change the Story

Nokia Stock Hits a 16-Year High as AI Cloud Orders Change the Story

Nokia shares surged to a 16-year high in Helsinki after first-quarter operating profit jumped 54% to €281 million, beating forecasts. AI and cloud customer sales rose 49%, with €1 billion in new orders. The company raised its 2026 growth outlook for Network Infrastructure but kept its full-year profit target steady. Nokia’s board approved a €0.04 per share dividend, payable May 7.
23 April 2026
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Figma Inc Sets May 14 Earnings Date as AI Competition, Board Changes Raise Stakes

Figma Inc Sets May 14 Earnings Date as AI Competition, Board Changes Raise Stakes

Figma will report first-quarter results on May 14 after U.S. markets close, amid rising competition from AI-driven rivals like Anthropic and Adobe. Director Mamoon Hamid will not seek re-election, and Anthropic’s Mike Krieger resigned from the board April 14. Figma projected 2026 revenue above analyst estimates in February, but warned in filings that AI tools could pressure growth and margins. CEO Dylan Field controls 72.3% of voting power.
23 April 2026
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Salesforce Expands Google Cloud AI Partnership as CRM Stock Slides in Software Selloff

Salesforce Expands Google Cloud AI Partnership as CRM Stock Slides in Software Selloff

Salesforce and Google Cloud expanded their AI partnership, adding integrations across Slack, Google Workspace, and Gemini Enterprise, with some features rolling out into late 2026. Salesforce shares fell about 9% Thursday amid renewed investor concerns over AI’s impact on software firms. Agentforce Sales entered open beta in Gemini Enterprise, while Gemini Enterprise in Slack remains in private preview. Over 1,400 customers are already using Gemini inside Agentforce.
23 April 2026
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QuantumScape Stock Whipsaws After Q1 Update as Solid-State Battery Developer Targets AI Data Centers

QuantumScape Stock Whipsaws After Q1 Update as Solid-State Battery Developer Targets AI Data Centers

QuantumScape shares swung sharply Thursday after the company launched its Eagle Line pilot production and began initial QSE-5 cell output. The stock opened at $9.65, peaked at $10.03, then fell to $7.17 by midmorning. QuantumScape reported a first-quarter net loss of $100.8 million and $904.7 million in liquidity. Another top-10 automaker joined its joint development efforts.
23 April 2026
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IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM shares fell 9.6% to $227.72 after first-quarter results showed slowing software and consulting growth, despite beating earnings estimates. The selloff spread to ServiceNow, Microsoft, and Adobe, while chip stocks rose. IBM reported $15.92 billion in revenue, up 9%, and raised its quarterly dividend to $1.69. Investors reacted to concerns over AI’s impact on older software businesses.
23 April 2026
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Arm, Caterpillar Stocks Jump as AI Trade Spreads Beyond Nvidia

Arm, Caterpillar Stocks Jump as AI Trade Spreads Beyond Nvidia

Arm Holdings jumped 5.4% and Caterpillar gained 4.2% Thursday as investors shifted focus to companies linked to data-center growth. Arm led gains among stocks highlighted by Zacks, with Apple flat and Nvidia and Meta down. Caterpillar cited rising demand for power systems from data-center clients. Arm’s new AGI CPU, developed with Meta, targets “agentic AI” and could generate $15 billion in annual revenue within five years.
23 April 2026
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US Stock Market Today: S&P 500, Nasdaq Stall Near Records as Oil Above $100 Clouds Wall Street

US Stock Market Today: S&P 500, Nasdaq Stall Near Records as Oil Above $100 Clouds Wall Street

The S&P 500 and Nasdaq slipped from record highs by late morning Thursday, with the Dow down 99.59 points, or 0.20%. Brent crude traded above $103 a barrel as Strait of Hormuz disruptions persisted. IBM, Tesla, and Lockheed Martin fell after earnings, while Texas Instruments surged 18.4%. Weekly U.S. jobless claims rose to 214,000; business activity expanded but inflation pressures remained.
23 April 2026
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IREN Stock Jumps as AI Cloud Bet Meets $6 Billion Dilution Test

IREN Stock Jumps as AI Cloud Bet Meets $6 Billion Dilution Test

IREN shares jumped 7.3% to $51.94 in New York Thursday amid debate over its shift from bitcoin mining to AI cloud services. The company plans to deploy 150,000 Nvidia GPUs by late 2026 and reported $2.8 billion in cash as of January. AI cloud revenue remains small compared to bitcoin mining, with $17.3 million last quarter. IREN can sell up to $6 billion in stock under a new SEC filing.
23 April 2026
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Hims Adds Lilly’s Zepbound and Foundayo as GLP-1 Price Fight Moves Online

Hims Adds Lilly’s Zepbound and Foundayo as GLP-1 Price Fight Moves Online

Hims & Hers Health said Thursday its providers can now send prescriptions for Eli Lilly’s Zepbound and Foundayo to LillyDirect, expanding branded obesity drug options on its platform. The move follows a similar deal with Novo Nordisk in March. Hims listed Foundayo from $149 a month and Zepbound from $299. The company previously stopped advertising compounded GLP-1s amid tighter U.S. regulations.
23 April 2026
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Warren Buffett Successor Greg Abel Tightens Grip on Berkshire Hathaway Portfolio, Pushes New Money Into Japan

Warren Buffett Successor Greg Abel Tightens Grip on Berkshire Hathaway Portfolio, Pushes New Money Into Japan

Greg Abel now controls about 94% of Berkshire Hathaway’s $300 billion stock portfolio after Todd Combs’ departure, consolidating authority more than Warren Buffett had planned. Abel has kept major U.S. holdings largely intact but increased investments in Japanese firms, including a new $1.8 billion stake in Tokio Marine. Recent portfolio trims, such as Apple and Amazon, reflect Buffett’s last quarter in charge.
23 April 2026
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Texas Instruments (TXN) Stock Jumps After Earnings Beat as Q2 Forecast Tops Wall Street

Texas Instruments (TXN) Stock Jumps After Earnings Beat as Q2 Forecast Tops Wall Street

Texas Instruments forecast second-quarter revenue of $5.0–$5.4 billion and earnings of $1.77–$2.05 a share, topping Wall Street estimates. First-quarter revenue rose 19% to $4.83 billion, with industrial sales up over 30% and data-center revenue up 90% from a year earlier. Shares jumped about 16% early Thursday. The company received $555 million from the U.S. CHIPS Act.
23 April 2026
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GameStop Stock Today: GME Slips as $420 Trade-In Buzz Fades and Valuation Debate Returns

GameStop Stock Today: GME Slips as $420 Trade-In Buzz Fades and Valuation Debate Returns

GameStop shares fell 1.6% to $25.24 Thursday morning, reversing part of Wednesday’s rally after a limited trade-in promotion ended. The company’s offer gave Pro members up to $420.69 for console trade-ins through April 22, but values returned to normal by Thursday. GameStop reported a 14% drop in fourth-quarter revenue in March and is shifting focus to trading cards and collectibles.
23 April 2026
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Stock Market Today

  • S&P/TSX and U.S. Markets Fall as Oil Prices Rise and Bond Yields Climb
    May 15, 2026, 6:15 PM EDT. The S&P/TSX composite dropped over 400 points to 33,833.35, led down by materials and precious metals amid rising global oil prices and inflation concerns. In the U.S., the Dow fell 537.29 points to 49,526.17, the S&P 500 lost 92.74 points to 7,408.50, and the Nasdaq slid 410.08 points to 26,225.14, pressured by tech and AI stocks. Crude oil surged to US$101.02 per barrel due to disruptions in the Strait of Hormuz, fueling inflation fears. U.S. Treasury yields rose to 2007 levels, increasing borrowing costs and pressuring equities. Investors await Canadian inflation data that may exceed 3%, influencing Bank of Canada rate expectations. The Canadian dollar edged down to 72.72 cents US, and gold prices fell sharply.

Latest articles

Gold Plunges As Dollar Rally Turns Bond-Yield Scare Into Wall Street Selloff

Gold Plunges As Dollar Rally Turns Bond-Yield Scare Into Wall Street Selloff

16 May 2026
NEW YORK, May 15, 2026, 18:03 EDT The dollar rose for a fifth straight day on Friday and gold slid to a more than one-week low, as higher oil prices, stronger U.S. data and a jump in Treasury yields forced investors to rethink the path of Federal Reserve policy. U.S. stocks also fell, with the Nasdaq snapping a six-week winning streak. (Reuters) The move matters now because markets had been leaning into a powerful technology-led rally, even as inflation signals were getting harder to ignore. The 10-year Treasury yield touched its highest level in about a year, while traders lifted
Tonix Pharma Stock Gains After Antibody News, 2027 Lyme Trial Planned

Tonix Pharma Stock Gains After Antibody News, 2027 Lyme Trial Planned

15 May 2026
Tonix Pharmaceuticals filed new Phase 1 modeling data showing its experimental Lyme disease antibody, TNX-4800, could maintain serum levels above a proposed protective threshold for six months with a two-dose regimen. Shares rose $1.65 to $15.74 Friday. The company plans a Phase 2 trial in 2027, pending FDA agreement. No Lyme vaccine is currently available in the U.S.
AXT delays annual meeting to June after AI-driven stock jump

AXT delays annual meeting to June after AI-driven stock jump

15 May 2026
AXT adjourned its 2026 annual meeting after failing to reach a quorum, rescheduling for June 4. The company seeks shareholder approval to raise authorized common shares to 120 million from 70 million. Shares closed at $123.78, up 7.65%, after a volatile session. China’s export controls on indium phosphide remain a key risk for AXT’s business.
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