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Bed Bath & Beyond Posts First Revenue Growth in 19 Quarters, Shares Surge
Bed Bath & Beyond reported its first revenue growth in 19 quarters, with Q1 sales up 6.9% to $247.8 million. The net loss narrowed sharply, sending shares higher.
Transocean's Equinox Rig Returns to Work Amid $1.6B Backlog Surge
Transocean's Equinox rig has resumed drilling for Beach Energy in Australia's Otway Basin, while the company adds $1.6 billion in new backlog from contracts in Brazil, Norway, and the Eastern Mediterranean.
Nexera Shares Surge on Gulf Fuel-Tank Security Deal
Nexera Technologies' shares soared 229% after its KeepZone AI unit secured authorization to market fuel-tank protection systems in the Gulf, marking a key step in its shift from retail to security.
Snap Stock Upgraded by Redburn Ahead of Q1 Earnings Test
Rothschild Redburn upgraded Snap to Buy, doubling its price target to $10 ahead of Q1 earnings on May 6. The company plans to cut 1,000 jobs to save $500M annually by late 2026.
Lithium Americas Falls as HSBC Cuts Target, Thacker Pass Risks Resurface
Lithium Americas shares fell Tuesday after HSBC trimmed its price target to $4.75, renewing scrutiny on the Thacker Pass project's construction, tariff, and financing risks.
BYD's Q1 Profit Plunges 55% Amid China's EV Price War
BYD reported a 55% drop in Q1 net profit to 4.08 billion yuan, hit by China's EV price war and sluggish domestic demand. Revenue fell 11.8% to 150.23 billion yuan.
OSHA Tightens Heat Enforcement on Meat Processors, Drops Inspection Quotas
OSHA revised its heat enforcement program on April 10, targeting meat-processing and other high-risk industries while dropping inspection quotas.
Nasdaq Futures Slide as OpenAI Misses Targets and Oil Breaks $110
Nasdaq 100 futures dropped 1.27% as OpenAI missed internal goals, pressuring AI-linked stocks. Brent crude surged above $111 on Middle East risks, adding to market caution ahead of tech earnings and the Fed decision.
Lucid Shares Plunge to New Low Despite $1B Infusion from Saudi PIF and Uber
Lucid shares fell to a 52-week low of $5.83 as investor concerns over dilution and weak Q1 revenue overshadowed a $1.05 billion capital raise from Uber and Saudi PIF.
UAE to Exit OPEC on May 1, Reshaping Global Oil Dynamics
The United Arab Emirates will exit OPEC and OPEC+ on May 1, ending nearly six decades of membership, as it seeks greater production flexibility amid a Middle East supply crunch.
GM Lifts 2026 Profit View on Strong Q1, $500M Tariff Relief
GM raised its 2026 profit outlook after a $500 million tariff adjustment and Q1 earnings that beat estimates. Shares rose about 5%.