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KPMG Exits Federal Audit After Losing Pentagon Contract
KPMG will wind down its US federal audit unit after losing a $60 million Pentagon contract, reassigning over 450 employees. The Pentagon is consolidating audits to achieve a clean opinion by 2028.
Seagate Soars on AI Storage Demand, Lifting Sector
Seagate forecast Q4 revenue of $3.45B and EPS of $5.00, beating estimates. Shares jumped 18% premarket, lifting sector peers.
Robinhood Shares Drop on Q1 Miss as Crypto Revenue Plunges
Robinhood shares fell ~10% premarket after Q1 profit and revenue missed estimates, dragged by a 47% plunge in crypto revenue to $134M.
Dogecoin Surges Past $0.10, But Rising Leverage Poses Reversal Risk
Dogecoin rallied 10.9% to $0.1101, clearing the $0.10 resistance, but a 33% jump in futures open interest raises the risk of a sudden sell-off.
SoFi Q1 2026: Revenue Soars 41% to Record High, Lending Drives Growth
SoFi Technologies delivered record Q1 revenue of $1.087B, up 41% YoY, with net income surging to $166.7M. Lending originations jumped 68% to $12.18B, though tech platform revenue fell 27%.
NZX 50 Edges Higher as Fisher & Paykel and Utilities Offset Travel and Dairy Weakness
New Zealand's S&P/NZX 50 managed a slight gain on Wednesday, rising 0.05%, as strength in Fisher & Paykel Healthcare and utility stocks countered losses in travel and dairy sectors.
Irish Stocks Edge Up as Glanbia Surge Offsets Ryanair Warning
Glanbia's 10.84% jump on strong Q1 revenue boosted the ISEQ All Share 0.59%, offsetting a 1.04% drop in Ryanair after a fare warning, as European markets slipped.
Indian Equities Rebound on Earnings Optimism Despite Oil Jitters
Indian stocks bounced back Wednesday, with the Sensex rising 600 points and Nifty above 24,150, driven by auto and FMCG earnings. Rising oil prices and record foreign outflows capped gains.
FTSE 100 Slides as Healthcare Stocks Weigh Despite Earnings Beats
The FTSE 100 slipped 0.6% as healthcare giants AstraZeneca and GSK declined despite topping profit forecasts, while Lloyds Banking Group's profit jump failed to lift sentiment.