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Detroit Gasoline Prices Surge 66 Cents Amid Iran Conflict and Refinery Disruption
Commodities Rebecca Torres

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.

USO BP
Shopify Shares Dip Despite $100B GMV Milestone; AI Costs Weigh
Earnings James Calloway

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.

SHOP
PayPal Beats Q1 Estimates as New CEO Unveils $1.5B Cost-Cutting Plan
Earnings James Calloway

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.

PYPL
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Crypto Sarah Chen

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.

COIN
IREN Shares Surge as Sweetwater Data Center Connects to Texas Grid
Markets Daniel Marsh

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.

IREN
Micron Joins US Market Cap Elite on AI Memory Surge
Technology Sarah Chen

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.

MU
CoreWeave Surges on Meta's $21 Billion Cloud Deal Ahead of Earnings
Earnings James Calloway

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.

CRWV META NVDA
Pfizer Q1 Beats Estimates, Patent Cliff Concerns Linger
Earnings James Calloway

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.

PFE BMY
Futures Edge Higher as Oil Retreats, JOLTS Data in Focus
Markets Daniel Marsh

Futures Edge Higher as Oil Retreats, JOLTS Data in Focus

U.S. stock futures edged higher Tuesday as oil prices pulled back, with the Nasdaq 100 leading gains ahead of JOLTS data and earnings from AMD, Pfizer, and KKR.

AMD PFE KKR INTC AAPL PLTR PINS USO GLD
Global Markets Tumble as Geopolitical Tensions and Oil Surge Weigh on Sentiment
Markets Daniel Marsh

Global Markets Tumble as Geopolitical Tensions and Oil Surge Weigh on Sentiment

Global markets fell Monday as rising Middle East tensions pushed oil above $100 and bond yields to five-week highs, while Indian indices closed higher but opened lower on Tuesday.

SPY QQQ DIA USO GLD SLV FXI PGY DUOL
Oil Surge Sends Dow Down 557 Points; Palantir Slips After Hours
Markets Daniel Marsh

Oil Surge Sends Dow Down 557 Points; Palantir Slips After Hours

The Dow dropped 557 points as oil prices spiked due to Iranian attacks near the Strait of Hormuz. Palantir slipped after hours despite strong earnings and a raised 2026 outlook.

PLTR AMZN UPS FDX GME EBAY AAPL NVDA GOOGL MSFT
Powell Industries Lands Record $400M Data Center Order, Backlog Hits $1.8B
Earnings James Calloway

Powell Industries Lands Record $400M Data Center Order, Backlog Hits $1.8B

Powell Industries' new orders nearly doubled to $490 million in fiscal Q2, driving backlog to a record $1.8 billion. The company also secured its largest-ever data center order of over $400 million after quarter-end.

POWL