Latest Corporate News
Meta Raises AI Spending Outlook, Shares Drop 4.4% After Hours
Meta Platforms projected full-year capital expenditures of $125-145 billion, exceeding analyst estimates amid AI race. Shares fell 4.4% in after-hours trading despite prior yearly gains. This extends Meta's historic investment streak in artificial intelligence.
Alphabet Beats Q1 Revenue and Profit Projections
Alphabet reported first-quarter revenue excluding partner payouts at $94.7 billion, surpassing $91.6 billion expected by analysts. The results highlight strong performance amid AI focus. Shares reacted positively in after-hours trading.
Amazon Cloud Unit Posts Fastest Growth in Over Three Years
Amazon's AWS saw accelerated growth due to new data centers and deals with Anthropic and OpenAI. Capital spending hit $44.2 billion, above expectations. Shares gained around 3% after hours.
Microsoft Reports Strong Cloud Growth in Q1 Earnings
Microsoft delivered solid numbers with robust cloud computing performance. Shares remained largely unchanged post-earnings amid AI spending trends. Investors eye continued tech sector momentum.
Saudi Arabia Pulls Funding from LIV Golf After This Season
Saudi PIF will cease bankrolling LIV Golf, signaling the end for the disruptive league that poached top players. The decision aligns with PIF's new five-year strategy excluding golf. Star players face uncertain futures.
Oil Prices Surge to Four-Year Highs on US-Iran Strait Tensions
Brent crude jumped 7.1% to over $126/barrel, WTI up 3.4% to $110 amid fears of prolonged Hormuz closure. Trump's blockade pressures Iran's nuclear program despite Tehran's reopen proposal. This disrupted global oil supplies.
DHL Group Achieves Q1 Earnings Growth Despite Geopolitical Headwinds
DHL reported 2.0% organic revenue growth to €20.4 billion and operating profit up to €1.5 billion. Supply Chain saw 5.7% growth from e-commerce expansion. Group confirms full-year profit guidance above €6.2 billion.
Trump Rejects Iran's Offer to Reopen Strait of Hormuz
President Trump vows to maintain naval blockade until nuclear deal with Iran. This escalates tensions fueling oil rally and piracy off Somalia. US officials prepare for extended pressure.
Markets Mixed as Investors Await More Corporate Earnings
S&P 500 and Nasdaq flat, Dow down 0.6% amid earnings wave and energy price surge. Asian markets mostly lower, dollar strengthens as safe haven. Fed holds rates at 3.75%.
Big Tech Faces Scrutiny Over Heavy AI Capital Expenditures
US giants like Meta, Amazon, Alphabet, Microsoft report mixed results from AI investments. Heavy spending pressures shares despite growth in cloud and revenue. Apple earnings anticipated next.
UAE Quits OPEC Amid Worsening Rift with Saudi Arabia
UAE's OPEC exit driven by tensions with Saudi, amid broader Middle East energy shifts. This follows Iran blockade and oil volatility. Impacts global supply dynamics.
ECB Set to Hold Rates Unchanged Amid Bank Earnings Season
ECB finds no case for hikes yet as European banks report earnings. Geopolitical risks and energy prices weigh on outlook. Fed's rate hold influences global policy.