The financial news that actually matters
Meta Platforms lost roughly 9% of its value in after-hours trading on the evening of May 1, 2026, after the company disclosed a capital spending plan so large it stunned even its most committed backers. In its first-quarter earnings report, Meta said it now expects to spend between $125 billion and $145 billion on infrastructure…
Ford Motor Co. told investors on April 29 that it is raising its full-year 2026 profit forecast, betting that booming demand for its trucks and SUVs will more than offset a persistent drag from rising aluminum costs. The announcement, disclosed in a Form 8-K filed with the Securities and Exchange Commission, represents a sharp pivot…
Toyota’s lending arm is accusing a Connecticut car dealer of losing track of roughly $5.1 million in vehicles that were supposed to be sitting on the lot, financed and accounted for. Instead, according to a new federal lawsuit, the cars are gone and the money never came back. Toyota Motor Credit Corporation filed the case…
Microsoft reported fiscal third-quarter results on April 30, 2026, and the number investors had circled delivered: Azure cloud revenue grew 39% in constant currency during the three months ended March 31, matching the guidance range the company laid out in January. Shares climbed in extended trading, though the company did not specify the magnitude of…
United Parcel Service is entering what executives describe as the final stages of a sweeping operational overhaul, yet the company’s first-quarter 2026 results show that soft package volumes and rising fuel expenses are still squeezing the payoff. On the April 28 earnings call, CEO Carol Tome told analysts the restructuring is “closer to the finish…
Robinhood Markets posted $0.37 in diluted earnings per share for the first quarter of 2026, up from $0.18 a year earlier, according to its 10-Q filing with the Securities and Exchange Commission for the three months ended March 31, 2026. Two relatively new business lines did much of the heavy lifting: prediction markets and the…
Shell PLC is making its biggest bet on North American natural gas in more than a decade. The European energy giant has agreed to acquire ARC Resources Ltd. in a deal valued at roughly C$16.4 billion (about US$12 billion in equity), a transaction that would vault Shell into the top tier of western Canadian gas…
Verizon added postpaid phone subscribers in a first quarter for the first time since 2013, reporting 55,000 net new lines in Q1 2026 and breaking a 12-year streak of early-year customer losses. The result, disclosed on April 27, blindsided analysts who had forecast a net decline. Shares rose on the news, and management raised its…
Qualcomm shares surged roughly 13% in premarket trading on Monday, April 28, 2026, after supply-chain analyst Ming-Chi Kuo reported that OpenAI is working with the San Diego chipmaker on AI-focused smartphone processors. Qualcomm, which closed the prior Friday near $168 per share with a market capitalization of roughly $188 billion, saw billions of dollars in…
Starbucks has called Seattle home since a single Pike Place storefront opened in 1971. Now the company is betting $100 million that its future also runs through Nashville. In a January 2026 internal memo first reported by the Associated Press, Sara Kelly, Starbucks’ executive vice president and chief partner officer, outlined plans to open a…