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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%.
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.