Latest News
Harley-Davidson's New CEO Bets on Affordable Bikes as Q1 Profit Dives 81%
Harley-Davidson's Q1 net income fell 81% to $25M as revenue dropped 12%. The company launches a new strategy centered on affordable bikes like the $6,000 Sprint to lure younger buyers.
Palantir Lifts 2026 Forecast on 85% Revenue Surge; Valuation Concerns Remain
Palantir Technologies raised its 2026 revenue forecast after Q1 sales surged 85% to $1.63B, beating estimates. U.S. revenue more than doubled. Stock rose 1.4% premarket.
Detroit Gasoline Prices Surge 66 Cents Amid Iran Conflict and Refinery Disruption
Metro Detroit gas prices surged 66 cents to $4.82 per gallon amid Iran war fallout and a BP refinery outage, with Brent crude settling at $114.44. Michigan's average of $4.83 exceeds the U.S. average.
Shopify Shares Dip Despite $100B GMV Milestone; AI Costs Weigh
Shopify shares slid nearly 7% as Q1 operating income of $382M fell short of the $420M consensus, even as revenue jumped 34% and GMV surpassed $100 billion.
PayPal Beats Q1 Estimates as New CEO Unveils $1.5B Cost-Cutting Plan
PayPal topped Q1 expectations with revenue of $8.35B, but branded checkout growth remained sluggish. New CEO Enrique Lores outlined a $1.5B cost-cutting strategy.
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Coinbase is cutting 700 jobs to streamline operations and embrace AI, with restructuring costs estimated at $50-$60 million.
IREN Shares Surge as Sweetwater Data Center Connects to Texas Grid
IREN shares surged 8.37% to $49.48 after energizing its Sweetwater 1 data center in Texas, linking it to the ERCOT grid. The milestone underscores progress in AI infrastructure.
Micron Joins US Market Cap Elite on AI Memory Surge
Micron Technology's market cap nears $660 billion as AI demand for high-bandwidth memory drives record revenue and earnings, with plans to exit consumer memory by 2026.
CoreWeave Surges on Meta's $21 Billion Cloud Deal Ahead of Earnings
CoreWeave shares rose 5.4% to $125.43 premarket Tuesday after Meta pledged $21 billion for cloud capacity through 2032. Jefferies estimates the backlog could exceed $95 billion.
Pfizer Q1 Beats Estimates, Patent Cliff Concerns Linger
Pfizer reported Q1 adjusted EPS of $0.75 on $14.45B revenue, beating estimates. Growth in Eliquis and Padcev offset COVID declines, but patent cliff remains a key concern.
