Military action in Iran triggers supply concerns, lifting WTI crude prices nearly 1% amid geopolitical tensions in the Strait of Hormuz. The US military conducted strikes on an Iranian military site, citing threats to US forces and commercial shipping in the Strait of Horm
Revenue rose 13.3% year over year to $11.13 billion Salesforce delivered better-than-expected quarterly results, with revenue rising 13.3% year over year to $11.13 billion. Adjusted earnings per share totaled $3.87, beating the consensus estimate by 76 cents.
Asia and Europe face operational minimum inventories, raising risks of a prolonged energy shortage, industry advisors warn. Global oil inventories are declining rapidly, with Asia approaching minimum operational levels and Europe following closely. The trend heightens conc
Former President Trump asserts his policies boosted cryptocurrency markets as broader equities hit record highs on geopolitical optimism. Former President Donald Trump stated in a social media post that his administration's actions saved the cryptocurrency sector, coincidi
Morgan Stanley sets S&P 500 target at 8,300 with 11% upside Morgan Stanley's Global Investment Committee has set a one-year S&P 500 target of 8,300, anticipating an 11% to 12% upside over the next nine to twelve months. The rally has been driven by AI infrastructure s
Greenwave Technology Solutions faces potential delisting after failing to file its Q1 2026 10-Q on time, triggering a second Nasdaq notice. Greenwave Technology Solutions (GWAV) disclosed it received a second Nasdaq delinquency notice for not filing its Q1 2026 Form 10-Q b
The bank forecasts 24% earnings growth for 2026, with AI infrastructure driving half of the increase. Goldman Sachs increased its S&P 500 year-end target to 8,000 from 7,600, reflecting a 6% upside from current levels. The revision follows a projected 24% earnings growth i
Capri Holdings forecasts $2.15 EPS for FY2027 Capri Holdings expects to earn about $2.15 per share in fiscal year 2027. The company also anticipates $3.525 billion in revenue with a 200 bps gross margin expansion. The forecast was announced during the company's Q
The decline follows a larger draw of 9.1M barrels the prior week, signaling potential shifts in crude demand or supply. U.S. crude oil stockpiles fell by 2.8 million barrels for the week ending May 22, marking a second consecutive weekly decline. The drawdown suggests tigh
FDXF will replace EPAM in the S&P 500, while EPAM moves to the S&P SmallCap 600 ahead of Shutterstock’s acquisition. FedEx Freight Holding Company (FDXF) will be added to the S&P 500, replacing EPAM Systems (EPAM), effective before trading on June 2. The change reflects a
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