Investors await outcomes from the high-stakes U.S.-China summit amid tariff tensions and global growth concerns. U.S. President Donald Trump and Chinese President Xi Jinping meet this week with trade policy at the forefront, as markets assess risks of escalating tariffs. T
The bitcoin miner reported a net loss for Q1 despite a rise in revenue, weighing on its shares. Core Scientific Inc. posted a net loss in the first quarter, reversing from a profit a year earlier, despite higher revenue. The company’s shares declined following the results,
A top ECB official emphasizes monetary policy decisions should rely on economic indicators rather than predetermined timelines. European Central Bank policymaker François Villeroy de Galhau stated the ECB’s next monetary policy move should be guided by economic data rather
The biopharma firm maintains its 2026 revenue guidance as investors await Phase II results for its Alzheimer’s treatment candidate. Acadia Pharmaceuticals reaffirmed its 2026 total revenue guidance of $1.22 billion to $1.28 billion. The projection remains unchanged as the
The company forecasts mid-single-digit declines in dealer wholesale while outlining growth targets and capital return plans. ACV Auctions Inc. announced a 2026 revenue target of $845M to $855M, alongside a $100M share repurchase authorization. The guidance reflects expecta
Medical device maker cites regional disruptions as it abandons fiscal guidance while targeting annualized profitability gains. Accuray withdrew its financial guidance for the current fiscal year, citing ongoing disruptions in the Middle East. The company did not specify th
Crude markets steady as easing tensions over Iran-US talks reduce supply disruption fears in the Middle East. Oil prices recovered from a sharp selloff after reports emerged of a potential US proposal to Iran that could reopen the Strait of Hormuz. The initial drop reflect
The USD gained ground versus the EUR, JPY, and GBP as markets await key inflation data later this week. The U.S. dollar rose against major currencies on May 7, extending gains amid cautious trading ahead of critical inflation reports. The dollar index, which tracks the USD
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Maersk warns escalating Iran tensions will amplify supply chain disruptions and push freight rates higher in coming months. Maersk highlighted the Iran conflict as a growing risk to global shipping, adding uncertainty to supply chains during its first-quarter earnings repo
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