Over the past year, OpenAI has expanded well beyond chatbots, operating more like a broad technology company with multiple business lines.A Wall Street Journal report says CEO Sam Altman briefly considered spinning off the company’s robotics and consumer hardware divisions in an Alphabet-style structure.The idea is to give those businesses…
HSBC delivered a broadly flat first-quarter profit that fell short of analyst expectations, as a specific fraud-related credit charge in its UK institutional banking unit and rising provisions linked to the US-Iran conflict pushed credit losses sharply higher. The result underscores how geopolitical turbulence and isolated credit events can rapidly…
UniCredit delivered the strongest quarterly earnings in its history on Tuesday, posting a first-quarter net profit that significantly exceeded market expectations and prompted a further upgrade to full-year guidance.The results came on the same day it formally launched a takeover offer for Commerzbank, the German lender it has pursued for…
UniCredit has turned its long pursuit of Commerzbank into a formal takeover fight.On Tuesday, the Italian lender said it had launched its €35 billion all-share offer for the German bank just one day after UniCredit shareholders approved the capital increase needed to back the deal.The takeover bid came as UniCredit…
European shares moved slightly lower on Tuesday as investors remained cautious following fresh attacks involving the United States and Iran in Gulf waters. Elevated global oil prices also added to market uncertainty.The pan-European STOXX 600 index declined 0.1% to 604.68 points as of 0704 GMT.The index had already recorded its…
Paramount Skydance reported first-quarter results that exceeded Wall Street expectations, driven by growth in its streaming and film businesses.The media company posted revenue of nearly $7.35 billion for the quarter, marking a 2% increase from the same period last year. The performance was supported by gains in its direct-to-consumer streaming…
Advanced Micro Devices (NASDAQ: AMD) is heading into its first-quarter 2026 report after the close on Tuesday, May 5.AMD stock is already acting like a winner before a single number is printed.The stock last traded around $341.54, while consensus targets sit at $287.91, a reminder that the market may already…
GameStop stock price will be in the spotlight on Monday as the company makes a leveraged bid for eBay, the e-commerce pioneer. GME stock jumped by over 6% on Friday, reaching its highest point since October last year. Similarly, eBay jumped to $104 from the weekly low of $96 billion.GameStop…
Global markets are entering May 2026 under a cloud of uncertainty, with multiple macro and geopolitical triggers converging at once. From surging oil prices and the ongoing Middle East conflict to key economic data and central bank decisions, traders are facing a complex environment.A mix of risk and resilience is…
The Federal Reserve kept borrowing costs unchanged on Wednesday, holding the federal funds rate in the 3.50% to 3.75% range for a third straight meeting.But this was no routine pause.The vote was the most divided since 1992, with four officials dissenting, and that split sent a clear message to investors:…