SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI. The Japanese giant…
TOPSHOT – A Super Mario character is pictured at a Nintendo display ahead of the launch of the company’s Switch 2 console, an electronics store in the city of Nagoya, Aichi prefecture on June 2, 2025. Richard A. Brooks | Afp | Getty Images Nintendo shares plunged on Monday after the gaming giant warned sales…
Rocket Lab‘s stock blasted 34%, notching its best day ever, after the space company topped first-quarter revenue estimates and announced its largest launch deal on record. The Long Beach, California-based company reported $136.7 million in revenue for its space systems business and $63.7 million for its launch segment. That topped FactSet estimates of $132.1 million…
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon Bell | Getty Images British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring. The oil giant posted adjusted earnings of $6.92 billion for the first three months of…
An employee works on core components of circuit breakers for wind turbines at Siemens Energy’s Hangzhou Plant on February 28, 2026 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty Images The Iran war appears to have supercharged the clean energy transition, providing a catalyst for wind power giants…
Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations. The stock climbed 10% following the earnings release. Here’s how the company did versus Wall Street’s expectations, according to estimates compiled by LSEG: Earnings per share: 13 cents vs. 70 cents expected Revenue: $13.2…
Europe’s largest lender, HSBC, reported first-quarter pre-tax profit of $9.4 billion on Tuesday, missing analysts’ estimates on the back of higher expected credit losses and other impairment charges. HSBC’s revenue gained 6% year-on-year, exceeding estimates, on stronger wealth fees and other income. Here are HSBC’s first-quarter results compared with the consensus estimates compiled by the bank. Pre-tax…
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 15% after the report. Here’s how…
Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over…
CHENGDU, CHINA – MARCH 18: Apple CEO Tim Cook attends a special event marking Apple’s 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China. VCG | Getty Images Apple shares jumped more than 3% on Friday after the iPhone maker reported better-than-expected quarterly results and…