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Stock Market 7 May 2026

Whirlpool Stock Crashes 20% After Iran War Warning, Dividend Halt and Appliance Price Hikes

Whirlpool Stock Crashes 20% After Iran War Warning, Dividend Halt and Appliance Price Hikes

Whirlpool shares fell about 20% in early trading Thursday after the company cut its 2026 profit outlook, suspended its dividend, and blamed the Iran war for a steep drop in U.S. demand. First-quarter net sales dropped 9.6% to $3.27 billion, with a net loss of $85 million. Whirlpool announced price increases of over 10% in April and 4% in July. North American appliance revenue fell 7.5%, while EBIT plunged 96%.
7 May 2026
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GM Recall Alert: 40,440 Brake-Fluid Units Flagged Over Sediment Risk

GM Recall Alert: 40,440 Brake-Fluid Units Flagged Over Sediment Risk

Charleston and Dominion Energy began cutting nearly 200 palmetto trees near power lines in the Eastside neighborhood, pledging to plant five new trees for each one removed. The work comes during South Carolina’s Hurricane Preparedness Month, as utilities rush to clear vegetation before hurricane season starts June 1. City officials say the trees cannot be pruned once they reach utility clearance zones.
7 May 2026
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Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Micron Stock Gets $740 AI Call as Mizuho Lifts Western Digital, SanDisk Bets

Mizuho Securities raised price targets for Micron Technology to $740 and Western Digital to $550, citing surging AI-driven memory demand. Micron shares rose 4.2% premarket to $666.59, Western Digital gained 3.8% to $483.15. Analyst Vijay Rakesh projected Micron HBM revenue to reach $35.7 billion by 2028. Micron began shipping a 245-terabyte SSD for AI and cloud workloads.
7 May 2026
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Fortinet Stock Surges 12% as Q1 Beat and 2026 Guidance Put AI Security Demand Back in Focus

Fortinet Stock Surges 12% as Q1 Beat and 2026 Guidance Put AI Security Demand Back in Focus

Fortinet shares jumped 12.3% premarket after first-quarter earnings and revenue beat estimates, with adjusted EPS at 82 cents on $1.85 billion revenue. Billings rose 31% to $2.09 billion, and product revenue climbed 41% to $645 million. The company raised its 2026 outlook, now guiding for up to $7.87 billion in annual revenue. CEO Ken Xie cited strong demand and AI-driven security threats.
7 May 2026
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DoorDash’s $100 Million Gas Bill Shows the Price of Keeping Drivers on the Road

DoorDash’s $100 Million Gas Bill Shows the Price of Keeping Drivers on the Road

DoorDash will spend about $100 million on gas relief for drivers in the first half of 2026 as U.S. fuel prices climb, with $50 million booked in Q1 and over $50 million expected in Q2. Shares rose 11% in premarket trading after the company forecast higher second-quarter order value. First-quarter orders rose 27% to 933 million, but revenue missed analyst estimates. CFO Ravi Inukonda said some investments were delayed to fund the program.
7 May 2026
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US Stock Market Today Premarket: S&P 500, Nasdaq Futures Near Records as Oil Slide Tests AI Rally

US Stock Market Today Premarket: S&P 500, Nasdaq Futures Near Records as Oil Slide Tests AI Rally

S&P 500 and Nasdaq futures hovered near record highs early Thursday after both indexes closed at records Wednesday, boosted by chip stocks. Oil prices fell further as talks progressed on a limited U.S.-Iran deal, with Brent crude trading near $98 a barrel. Weekly U.S. jobless claims are due at 8:30 a.m. ET. Friday’s payrolls report is seen as the main test for the Federal Reserve.
7 May 2026
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Corning Stock Is Suddenly an AI Trade: Inside Nvidia’s $500 Million Fiber Bet

Corning Stock Is Suddenly an AI Trade: Inside Nvidia’s $500 Million Fiber Bet

Nvidia acquired $500 million in Corning warrant rights as part of a multiyear optical-connectivity agreement. Corning will build three U.S. plants, increase optical capacity tenfold, and add over 3,000 jobs. Corning shares jumped nearly 12% premarket, while Nvidia rose 5.7%. The deal ties Corning’s fiber business more closely to AI data-center expansion.
7 May 2026
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Publix Leadership Shake-Up: Todd Jones Retires After 46 Years But Keeps Board Seat

Publix Leadership Shake-Up: Todd Jones Retires After 46 Years But Keeps Board Seat

Publix Super Markets executive chairman Todd Jones will retire from that role May 31 after 46 years, remaining as board chairman, the company said. The announcement follows first-quarter results showing sales up 2% to $16.1 billion but net earnings down 21.5% to $794 million, partly due to federal drug-pricing changes. CEO Kevin Murphy said Jones will continue to provide leadership in his board role.
7 May 2026
National Grid Stock Drops Before Results After JPMorgan Cuts Target

National Grid Stock Drops Before Results After JPMorgan Cuts Target

National Grid shares fell 1.56% to 1,278p in London ahead of full-year results due May 14. JPMorgan cut its price target to 1,440p, citing recent trading updates but kept an “overweight” rating. The company has warned that U.S. customer refunds and storm costs will reduce underlying EPS by about 1p. National Grid’s market value stands near £63.5 billion with a 3.66% dividend yield.
7 May 2026
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HSBC Stock Rebounds, But a $400 Million Private-Credit Hit Still Hangs Over Shares

HSBC Stock Rebounds, But a $400 Million Private-Credit Hit Still Hangs Over Shares

HSBC shares held steady in London Thursday after a $400 million fraud-related charge tied to private credit exposure. The loss followed the collapse of UK mortgage lender Market Financial Solutions and knocked nearly 6% off HSBC stock earlier in the week. First-quarter pretax profit fell to $9.4 billion, missing analyst estimates. The Financial Stability Board warned Wednesday of rising risks from bank links to private credit.
7 May 2026
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Rolls-Royce Stock Extends Rally as Buyback and Engine-Hour Outlook Lift RR.L

Rolls-Royce Stock Extends Rally as Buyback and Engine-Hour Outlook Lift RR.L

Rolls-Royce shares climbed 1.1% to 1,293.7p in London on Thursday, extending gains after the company reaffirmed its 2026 profit and cash flow targets and reported a 5% rise in large engine flying hours. The company has repurchased 50.9 million shares under its £2.3 billion buyback. Management maintained guidance despite Middle East disruption concerns. Analyst consensus for 2026 EBIT stands at £4.13 billion.
7 May 2026
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Australia Stock Market Today: ASX 200 Rallies as Miners Jump and Energy Shares Crack

Australia Stock Market Today: ASX 200 Rallies as Miners Jump and Energy Shares Crack

The S&P/ASX 200 closed up 0.96% at 8,878.1, led by miners and gold stocks after oil prices fell on hopes of a U.S.-Iran deal. Energy shares dropped, with Woodside Energy down 4.2% and Santos off 3.3%. Materials gained 3.7% as metal prices rose. The government ordered LNG exporters to reserve 20% of output for the east coast market from July 2025, hitting gas-linked stocks.
7 May 2026
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Stock Market Today

  • FTSE 100 Flat Amid Strong UK GDP and 3i Group Decline
    May 14, 2026, 6:16 AM EDT. The FTSE 100 opened flat at 10,323.54 on May 14, balancing strong UK GDP growth with a steep 18% drop in 3i Group shares. UK GDP rose 0.6% in Q1 2026, exceeding expectations despite the US-Iran conflict's economic uncertainty. Services led growth at 0.8%, while production and construction also improved. However, 3i Group's key holding, Action, reported slower sales growth, pressuring its stock. Burberry slipped 2.4% on weaker revenue and geopolitical impacts on tourism. Spire Healthcare surged 42% following a takeover proposal from Toscafund. Watches of Switzerland gained 14% on record revenue and strong U.S. sales. Sterling weakened slightly against dollar and euro, with Brent crude at $106.41 amid ongoing geopolitical tensions.

Latest articles

US Stock Market Today: Dow Futures Rise as Cisco’s AI Surge Tests Wall Street’s Inflation Nerves

US Stock Market Today: Dow Futures Rise as Cisco’s AI Surge Tests Wall Street’s Inflation Nerves

14 May 2026
Cisco jumped 19% in premarket trading after announcing nearly 4,000 job cuts and raising its revenue forecast on strong AI demand. U.S. stock futures rose early Thursday, with the Nasdaq 100 up 0.41% at 5:35 a.m. EDT. April retail sales and weekly jobless claims are due at 8:30 a.m. Eastern. Nvidia received U.S. clearance to sell H200 AI chips to major Chinese firms, Reuters reported.
Fed News Today: Warsh Wins the Chair as Inflation Puts Rate Cuts in Doubt

Fed News Today: Warsh Wins the Chair as Inflation Puts Rate Cuts in Doubt

14 May 2026
The Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Fresh inflation data showed the Consumer Price Index up 3.8% year-over-year in April and wholesale prices rising 6.0%. Prediction markets now show a 70%–71% chance of no Fed rate cuts in 2026. Warsh is expected to preside over the June 16-17 Fed meeting.
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