Latest News
Hormuz Crisis Looms Over Oil Markets as Physical Prices Surge
Brent crude slipped to $108.17 on Friday after Iran proposed talks, but the Strait of Hormuz remains disrupted, and physical crude grades trade near $130, signaling further price spikes ahead.
AXT Stock Surges 21% on AI Wafer Demand and $100M Backlog
AXT shares surged 21% after Q1 revenue rose to $26.9M and net loss narrowed, with the InP backlog exceeding $100M due to AI data center demand.
Paramount Skydance Surges on Morgan Stanley Upgrade Amid Warner Bros. Deal Challenges
Paramount Skydance stock rose 8.3% after Morgan Stanley's double upgrade, highlighting the Warner Bros. Discovery deal. The merger faces regulatory hurdles, litigation, and foreign investment scrutiny.
Workday's Q1 Earnings: AI Strategy Faces Pivotal Test on May 21
Workday reports fiscal Q1 earnings on May 21, with subscription revenue guidance of $2.335B. The company's AI push faces a key test amid competition and investor concerns.
Clorox Shares Tumble 9.7% as Profit Forecast Cut Deepens Cost Woes
Clorox lowered its fiscal 2026 adjusted earnings forecast, sending shares down 9.7%. Higher costs, sluggish category recovery, and GOJO acquisition expenses weigh on the bleach maker.
monday.com Shares Surge Ahead of Earnings and Legal Deadline
monday.com shares surged 10% to $72.74 ahead of its Q1 earnings report and a key lawsuit deadline. The company faces allegations of misleading investors on growth outlook.
Amkor's $1B Zero-Interest Bond Sale Fuels AI Chip Packaging Expansion
Amkor Technology has priced $1 billion in zero-interest convertible senior notes due 2031 to fund advanced semiconductor packaging expansion and capital spending.
AIG Shares Surge on Profit Beat, Private Credit Pullback
AIG shares jumped 5.3% after reporting Q1 adjusted profit of $1.15B, up 64% YoY, and slowing private credit deployment. The board raised dividend 11% and announced CEO succession.
Frontier Capitalizes on Spirit's Collapse with Rescue Fares and Route Expansion
Frontier Airlines rolls out deep discounts and a summer pass for stranded Spirit travelers, adding routes in former Spirit markets. Shares rose 10% ahead of Q1 earnings.
Pershing Square IPO Package Returns to Profit After Volatile Start
Pershing Square Inc. shares rose to $37.99, lifting the combined IPO package above the $50 offer price after a volatile NYSE debut.
Zscaler Shares Surge 7% Amid Tech Rally, AI Concerns Persist
Zscaler (ZS) shares rose nearly 7% on May 1, driven by a broader tech rally and strong earnings from peers like Atlassian, though analysts remain split on AI-related headwinds.
Wolfspeed Stock Soars 25% on Stake Disclosure Ahead of Earnings Report
Wolfspeed shares jumped nearly 25% Friday after a 5% stake disclosure. The chipmaker reports fiscal Q3 earnings Tuesday amid ongoing losses and weak EV demand.