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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%.
BBB Flags Heavy-Equipment Scams as Buyers Lose Over $107,600
Three buyers lost $107,600 after wiring funds to a fake heavy-equipment website. The BBB flagged Digron Machinery Depot and another site impersonating a Nebraska company.
Verizon Ends 13-Year Q1 Subscriber Drought, Raises Profit Outlook
Verizon added 55,000 postpaid phone customers in Q1, its first positive March quarter since 2013, and raised its 2026 adjusted EPS forecast to $4.95-$4.99.
Spotify's Record Profit Overshadowed by Weak Guidance, Shares Tumble
Spotify shares dropped 12% premarket after its Q2 guidance for operating income and paid subscribers missed estimates, overshadowing a record Q1 profit.
Deere's New Plants and Recall: A Fraction of Midwest Job Cuts
Deere announces two new U.S. facilities creating 300 jobs and recalls 324 workers, but the moves are dwarfed by over 2,100 layoffs in 2024 amid weak farm demand and tariffs.
UPS Tops Q1 Forecasts Amid Amazon Network Overhaul
UPS beat Q1 earnings and revenue estimates, but shares fell 3% as profit dropped 28% and the company navigates a strategic pullback from Amazon business.
BP Q1 Profit Surges to $3.2B on Iran Conflict Boost
BP's first-quarter profit more than doubled to $3.2 billion, fueled by higher crude prices from the Iran conflict, beating analyst estimates by 20%. Net debt increased to $25.3 billion.
IEA Chief Warns Oil Crisis Has Permanently Damaged Trust in Fossil Fuels
IEA chief Fatih Birol warns the oil crisis has permanently damaged trust in fossil fuels as Brent tops $110. Global oil demand is set to contract by 80,000 bpd this year, with Asia imports hitting a decade low.