Latest Business News
Nasdaq 100 Futures Rise Ahead of Big Tech Earnings
Nasdaq 100 futures are climbing as over $14 trillion in market cap from Meta, Microsoft, Amazon, and Alphabet prepare to report after market close. Investors anticipate strong results driven by AI and cloud growth, with Microsoft expected to beat 37-38% cloud guidance.
Analysts highlight AI fueling structural shifts in tech businesses.
UAE Shockingly Exits OPEC and OPEC+
The UAE has blindsided partners by exiting OPEC and OPEC+, diluting the cartel's oil price control via supply cuts, according to Energy Minister Suhail Al Mazrouei. The decision is stated as non-political amid shifting global energy dynamics.
This comes as oil markets face ongoing disruptions.
US Signals Continuation of Naval Blockade on Iranian Ports
The US indicates no letup in its naval blockade of Iranian ports to pressure Tehran into negotiations. President Trump reportedly prepares for a lengthy blockade of the Strait of Hormuz, focusing on peace talks.
This standoff prolongs a supply shock roiling energy markets.
Federal Reserve Announces Rate Decision Amid Leadership Transition
The Fed will reveal its rate decision, likely Chair Jerome Powell's last as head of the central bank. Citi's Andrew Hollenhorst previews the decision and leadership change.
Markets watch closely for impacts on monetary policy.
Oil Prices Surge Above $114 on US-Iran Hormuz Standoff
Brent crude rose over 3% above $114 a barrel due to the prolonged US-Iran standoff over the Strait of Hormuz. The crisis causes an unprecedented supply shock in energy markets.
President Trump escalated rhetoric, posting 'No more Mr. Nice Guy!' with an assault weapon image.
Microsoft Earnings in Spotlight for Cloud Sales Beat
Investors focus on Microsoft's cloud sales, expecting a beat on 37-38% guidance amid AI-driven growth. This follows strong tech sector momentum.
Results are key for Nasdaq performance.
Meta Set for Strongest Revenue Expansion Since 2020
Meta Platforms anticipates its strongest revenue growth since 2020 in upcoming earnings. AI investments and ad recovery fuel optimism.
Part of the $14 trillion Big Tech reporting wave.
European Banks UBS, Santander, Deutsche Bank Report Q1 Results
Major European banks including UBS, Santander, and Deutsche Bank released first-quarter earnings. Results come amid global market volatility from oil shocks and tech earnings.
Traders assess impacts on financial sector.
Tech Firm Reports Blowout Results on AI Shift
An unnamed tech company surged after blowout results, with analysts citing AI as fueling a structural business shift. This bright outlook boosts sector sentiment ahead of Big Tech reports.
Recovery noted in related markets.
Big Tech Capex Soars with $122 Billion Raised for Growth
Tech giants raised $122 billion in capex to support expansion, highlighted in earnings previews. Investments target AI and infrastructure amid competitive race.
Elon Musk plans SpaceX IPO including xAI platform.
Apple Expectations Rise for Higher Sales Guidance
Apple's sales could exceed expectations with boosted guidance in upcoming reports. This aligns with broader Big Tech strength.
Investors watch for AI and services updates.
Mali Reaffirms Ties with Russia Amid Security Doubts
Mali strengthens relations with Russia following deadly attacks raising security concerns. This geopolitical shift occurs alongside global business tensions.
Impacts potential commodity markets.