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Boeing Q1 Loss Narrows on Stronger Jet Deliveries, Cash Burn Persists
Boeing's first-quarter net loss narrowed sharply to $7 million, beating analyst forecasts, driven by a 14% revenue increase. However, the company continued to burn cash, with free cash flow negative at $1.5 billion.
Strategy's $2.54B Bitcoin Purchase Cements Lead Over BlackRock's ETF
Strategy purchased 34,164 Bitcoin for $2.54 billion last week, raising its total holdings to 815,061 BTC and moving ahead of BlackRock's iShares Bitcoin Trust. The company funded the buy through securities sales.
Axe Compute Lands $260M Nvidia GPU Deal, Pivots to AI Infrastructure
Axe Compute announced a landmark $260 million, 36-month agreement to supply 2,304 Nvidia B300 GPUs to an undisclosed enterprise customer, with deployment starting Q3 2026. The deal comes as the company, which reported only $125,284 in 2025 revenue from its legacy business, seeks to establish itself in the competitive AI infrastructure market.
SoundHound AI Gains on $43M LivePerson Acquisition Deal
SoundHound AI shares advanced in premarket trading following its proposed $43 million all-stock acquisition of LivePerson. The deal aims to merge their customer service platforms and target significant revenue growth by 2027.
AT&T Beats Q1 Subscriber Forecasts, Holds 2026 Outlook Amid Institutional Moves
AT&T surpassed first-quarter wireless subscriber forecasts, adding 294,000 postpaid customers, and reaffirmed its full-year guidance. Recent reports of institutional stake reductions are based on year-end 2023 data, predating key company developments.
Best Buy Announces CEO Transition Amid Challenging Sales Environment
Best Buy has announced a leadership change, with CEO Corie Barry departing at the end of October. Long-time executive Jason Bonfig will take the helm as the company contends with soft comparable sales and a cautious consumer.
POET Technologies Stock Surges on Tax Clarity and Marvell Order Progress
POET Technologies stock extended its rally after management clarified tax status and confirmed a Marvell order, shifting focus to its optical engine business for AI networks.
GE Vernova Boosts Outlook on AI Data Center Power Demand Surge
GE Vernova increased its 2026 revenue guidance following a surge in first-quarter orders, propelled by accelerating demand from artificial intelligence data centers for power infrastructure.
Vertiv Q1 Surges on AI Demand, Lifts 2026 View; Stock Dips on In-Line Q2 Guide
Vertiv posted a strong first quarter with sales up 30% and raised its full-year and 2026 guidance, driven by robust demand for AI infrastructure. However, its stock edged lower as the second-quarter outlook aligned with analyst projections.
UK Inflation Accelerates to 3.3%, Fueling Rate Cut Uncertainty
UK consumer price inflation accelerated to 3.3% in March, up from 3.0% in February, as higher fuel and airfare costs pushed prices upward. Economists widely expect the Bank of England to hold interest rates steady at its April 30 meeting.
FTSE 100 Edges Lower as UK Inflation Hits 3.3%, Reckitt Plunges
UK inflation hit 3.3% in March, pressuring the FTSE 100 near 10,500. Reckitt dropped 5% after missing forecasts, while miners and BP gained.
Futures Gain on Iran Ceasefire Extension; Tesla, Airlines in Focus
U.S. stock futures advanced Wednesday morning following an extension of the Iran ceasefire. Investors are monitoring oil prices and a busy earnings calendar featuring Tesla and United Airlines.