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Markets Retreat as Trump's Iran Remarks Fuel Oil Spike, Airline Worries
U.S. equity markets reversed sharply lower Thursday after President Trump's prime-time address on Iran escalated military rhetoric, sending oil prices soaring and reigniting stagflation concerns. The Dow Jones Industrial Average dropped 565 points.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
OpenAI Hits $852B Valuation, Expands Investor Access Ahead of Potential IPO
OpenAI has secured a $122 billion funding round, valuing the company at $852 billion, while raising over $3 billion from individual investors. The AI firm also announced its shares will be included in several ARK Invest ETFs prior to a potential public listing.
U.S. Markets Shut for Good Friday as March Jobs Data Looms
U.S. equity markets will be closed on Friday, April 3, 2026, for the Good Friday holiday, with trading resuming Monday, April 6. The key March employment report is scheduled for release during the market closure.
Intel Reclaims Full Control of Ireland Fab in $14.2B Buyback Deal
Intel will repurchase Apollo Global Management's 49% stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, regaining full ownership. The company will fund the transaction with cash and $6.5 billion in new debt.
PECO Proposes Major Rate Increases for 2027, Seeks $510M for Infrastructure
PECO has requested regulatory approval for significant delivery rate increases that would raise residential electricity bills by 12.5% and suburban gas bills by 11.4% beginning in 2027. The utility seeks $510 million for infrastructure improvements.
Nike Plunges to Decade Low on China Revenue Warning, Turnaround Timeline Extends
Nike shares tumbled over 15% to their lowest close in more than ten years after the company projected a steep 20% revenue decline in China and an overall sales drop for the current quarter, missing analyst expectations.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
KeyBank Security Under Scrutiny Amid Ohio Robbery and Check Fraud Prevention
KeyBank's fraud controls are in focus following a robbery at an Ohio branch and a separate $5,000 check scam thwarted by its Positive Pay system, with KeyCorp set to report quarterly results.
Indian Markets Stage Late Rebound as RBI Intervention Lifts Rupee
Indian equity indices reversed sharp intraday declines to close higher Thursday, supported by a significant rupee rally following RBI intervention. The recovery followed a market value wipeout exceeding Rs 10 lakh crore earlier in the session.