Market News
- Elon Musk's Starlink Set To Benefit From FCC's Satellite Power Limit Update—Could Get 'Seven-Fold' Increase In Capacity May 1, 2026SpaceX's Starlink could see capacity rise as much as seven-fold under new Federal Communications Commission (FCC) rules approved this week, a regulatory shift aimed at improving satellite internet speed, reliability and costs. FCC Updates Decades-Old Satellite Sharing Rules The FCC voted Thursday to modernize satellite spectrum-sharing rules, replacing 1990s-era limits that restricted newer non-geostationary systems […]Shomik Sen Bhattacharjee
- Cue Biopharma Stock Surges Over 65% Overnight: Why Is It Moving? May 1, 2026Cue Biopharma Inc. (NASDAQ:CUE) shares surged 67.57% overnight to $24.70 on Thursday after the company simultaneously announced a $30 million private investment in public equity financing, an exclusive Phase 2 anti-IgE antibody license and a CEO appointment. $30 Million Raise Funds Pipeline Expansion The PIPE, expected to close around May 4, involves pre-funded warrants for […]Mohd Haider
- Aalberts N.V.: Aalberts reports first quarter 2026 results May 1, 2026Utrecht, 1 May 2026In the first quarter Aalberts realised EUR 772 million revenue, which translates into 2.8% organic revenue growth compared to the first quarter of last year. We realised EUR 109.7 million EBITA or 14.2% EBITA margin.We report positive organic growth and improved EBITA margin in our three segments. Our added value margin remained […]Globe Newswire
- Top Wall Street Forecasters Revamp Exxon Mobil Expectations Ahead Of Q1 Earnings May 1, 2026Exxon Mobil Corporation (NYSE:XOM) will release earnings for its first quarter before the opening bell on Friday, May 1. Analysts expect the Spring, Texas-based company to report quarterly earnings of $1.01 per share. That’s down from $1.76 per share in the year-ago period. The consensus estimate for Exxon Mobil's quarterly revenue is $85.29 billion (it […]Avi Kapoor
- Young Artists from China and U.S. Collaborate on Innovative Program at Carnegie Hall May 1, 2026NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- A group of 20 young musicians from China, the United States, and several other countries recently performed at Carnegie Hall in a program focused on cross-cultural collaboration and musical innovation. Presented by Lincoln Square Music Management & Consulting INC, the event showcased a unique integration of classical […]Globe Newswire
- Twilio Stock Surges Over 18% In Overnight Trading: Here's Why May 1, 2026Twilio Inc. (NYSE:TWLO) shares are trending on Friday. TWLO shares surged 18.84% to $175.96 in overnight trading on Thursday after the customer engagement platform posted first-quarter results, beating analyst estimates on both earnings per share and revenue. What Does Q1 Data Show On Thursday, Twilio reported revenue of $1.41 billion, up 20% year-over-year, beating the […]Mohd Haider
- Tim Cook Says Apple Is Pursuing Tariff Refunds, Will Reinvest Any Windfall Into New US Innovation, Manufacturing Projects May 1, 2026On Thursday, Apple Inc. (NASDAQ:AAPL) said it is actively seeking refunds on tariffs it previously paid and plans to channel any recovered funds into additional U.S. innovation and advanced manufacturing investments. Apple Q2 Earnings Show Tariff Relief Helped Offset Rising Costs During Apple's fiscal second-quarter 2026 earnings call, CFO Kevan Parekh said product gross margin […]Ananya Gairola
- Elon Musk Says Most Cryptocurrencies Are 'Scams,' While Some Have 'Merit' During OpenAI Trial: Report May 1, 2026Elon Musk said most cryptocurrencies are "scams" during his Thursday testimony in the OpenAI trial, according to a reporter covering the case. Musk’s Response To Initial Coin Offering Question Mike Isaac, a tech reporter from The New York Times, quoted Musk explaining cryptocurrency to the jury in the Federal Courthouse in downtown Oakland. “Some of […]Aniket Verma
- Elon Musk's SpaceX Could Be Fast-Tracked Into S&P 500 After IPO Under Proposed Rule Changes May 1, 2026The S&P 500, managed by S&P Global Dow Jones Indices, on Thursday, announced it was beginning consultation on rule changes that could potentially help Elon Musk-led SpaceX gain an expedited entry into the index. S&P 500 Rule Changes The rule changes include letting IPOs enter the index six months after their debut on an eligible […]Badar Shaikh
- S&P 500 Settles Above 7,200: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone May 1, 2026The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday. U.S. stocks settled higher on Thursday, with the S&P 500 recording its first settlement above the 7,200 level. In earnings, Caterpillar (NYSE:CAT) shares jumped around 10% on Thursday after the […]Avi Kapoor
- Beyond Meat Stock Is Trending Overnight: Here's What You Should Know May 1, 2026Beyond Meat Inc. (NASDAQ:BYND) shares are trending on Thursday night. BYND shares jumped 2.63% to $1.01 in overnight trading on Thursday. The surge in the late trading session follows an intraday rally of 20.70%, which closed the plant-based protein company's stock at $0.98, according to Benzinga Pro data. Earnings Catalyst On The Horizon On Wednesday, […]Mohd Haider
- Senate Bans Members From Betting On Prediction Markets Such As Polymarket, Kalshi With Immediate Effect May 1, 2026The Senate unanimously passed on Thursday a resolution introduced by Sen. Bernie Moreno (R-Ohio) that bans Senators, Officers, and staff from participating in prediction markets. Senate Says No To Prediction Market Wagering The Senate agreed to pass the resolution “effective immediately,” according to an update on Moreno’s official Senate website. The resolution alters the Senate’s standing rules, preventing lawmakers from […]Aniket Verma
- Elon Musk Testifies He 'Didn't Read' OpenAI's For-Profit Fine Print, Claims Sam Altman Misled Him: 'Can't Steal A Charity' May 1, 2026On Thursday, Elon Musk told a California courtroom that he backed OpenAI with millions of dollars under the belief it would remain a nonprofit focused on humanity. Musk Says OpenAI Abandoned Its Original Nonprofit Mission During cross-examination, Musk testified that while he was aware of preliminary discussions about restructuring OpenAI in 2017, he did not […]Ananya Gairola
- Veeva Systems To Join S&P 500, Replacing Coterra Energy: ETF Buying Wave Looms May 1, 2026Veeva Systems Inc. (NYSE:VEEV) is poised to join the S&P 500 Index, a change announced Thursday that puts the life sciences software provider into one of the market's most closely tracked benchmarks. According to a release by S&P Global, Veeva will enter the index before trading begins on May 7, replacing Coterra Energy Inc. (NYSE:CTRA), […]Sweta Killa
- Mark Zuckerberg Says Meta Layoffs Are Being Driven By Soaring AI Spending, Warns More Job Cuts May Follow: 'I Wish That I Can Tell You...' May 1, 2026Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg told employees on Thursday that the company's aggressive artificial intelligence spending is directly contributing to planned layoffs. Meta's AI Investment Reshapes Workforce Priorities During a company town hall, Zuckerberg said Meta's expanding AI infrastructure budget is forcing difficult financial trade-offs between funding advanced compute systems and maintaining headcount, […]Ananya Gairola