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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.
Wall Street Futures Dip as Oil Surges Past $111 and AI Concerns Mount
U.S. stock futures slipped Tuesday as Brent crude surged past $111 a barrel and AI-related stocks fell on reports that OpenAI missed internal targets. The Dow bucked the trend, pointing slightly higher.
Lloyds Shares Edge Up Ahead of Q1 Report Amid Motor Finance Uncertainty
Lloyds shares gained 0.9% to 98.4p on Tuesday as investors positioned for Q1 results, while a consumer group's legal challenge to the FCA's motor-finance scheme adds uncertainty.
Indian Equities Slip as Bank Stocks Weigh on Market; Nifty Tests 24,000
Indian equities fell on Tuesday, with Sensex down 359 points and Nifty testing 24,000 as bank stocks slumped after the RBI finalized expected credit-loss guidelines, overshadowing gains in energy and metal stocks.
ASX 200 Falls for Sixth Day as Oil Rally Stokes RBA Rate Jitters
The ASX 200 fell for a sixth consecutive session, closing at 8,710.7, as surging oil prices heightened inflation fears ahead of key CPI data.
BP's Strong Profit Boosts FTSE 100; Barclays and Taylor Wimpey Slide
BP's $3.2B profit drives FTSE 100 higher, but Barclays drops on credit provisions and Taylor Wimpey slumps on cost inflation warnings.
Futures Mixed as Oil Spike Tests Record S&P 500 Rally
US stock futures were mixed early Tuesday, with Nasdaq 100 futures falling 0.40% and S&P 500 futures slipping 0.13%, as surging oil prices and stalled US-Iran talks challenged the recent record rally.