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Visa shares climb as profit beat, raised forecast ease Middle East jitters
By Pritam Biswas April 29 (Reuters) - Visa V.N shares jumped 5% in premarket trading on Wednesday as the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, buoyed by resilient consumer spending.Payments volume grew as consumer spen...Reuters
Wed, Apr 29
Brown‑Forman shares drop as deal talks with French spirits group Pernod collapse
By Savyata Mishra April 29 (Reuters) - Shares of Brown-Forman BFb.N fell nearly 6% in premarket trading on Wednesday after the Jack Daniel's whiskey maker and France's Pernod Ricard PERP.PA scrapped their merger talks, turning investor focus back to a tougher demand environment.The discus...Reuters
Wed, Apr 29
Billionaires Have Chosen Their Favorite Quantum Computing Stock, and It's Not IonQ, Rigetti Computing, or D-Wave Quantum
Key PointsQuantum computing can create up to $850 billion in global economic value by 2040.Several historical headwinds are piling up for pure-play quantum computing stocks IonQ, Rigetti Computing, and D-Wave Quantum.However, multiple billionaire money managers have latched onto a virtual monopoly a...The Motley Fool
Wed, Apr 29
China's Daqo New Energy Q1 revenue plunges 89% on weak prices, industry overcapacity
OverviewChina polysilicon maker's Q1 revenue fell sharply, missing analyst expectationsQ1 adjusted EBITDA was negative and missed analyst expectationsCompany limited sales volume due to weak prices and industry overcapacityOutlookCompany expects Q2 2026 polysilicon production of 35,000 MT to 40,...Reuters
Wed, Apr 29
Bunge gains on higher 2026 outlook, Q1 beat
Shares of grain trader Bunge Global BG.N up ~2% at $128.81 premarketCo forecasts 2026 adjusted profit per share in the range of $9.00 to $9.50, the midpoint of which is above analysts' estimate of $8.41, per data compiled by LSEG BG also beat Q1 profit estimates as it benefitted from a recovery ...Reuters
Wed, Apr 29
WJ Wealth Loads Up on Emerging Markets, Snapping Up $6.1 Million in JEMA Shares
Key PointsWJ Wealth Management initiated a new position of 113,984 shares in JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA), with an estimated trade value of $6.1 million based on quarterly average pricing. The new stake represents 2.8% of the fund's 13F reportable assets under managemen...The Motley Fool
Wed, Apr 29
Oruka Therapeutics rises after upsized $700 mln stock offering
Oruka Therapeutics' ORKA.O shares up 1.7% to $75.27 before the bell following above-target $700 mln equity raiseBiopharma firm late Tues sold 9.66 mln shares at $72.50, a 2% discount to last saleORKA shares closed up nearly 11% at $76.39 on Mon after co's psoriasis treatment, monoclonal anti...Reuters
Wed, Apr 29
Cognizant forecasts quarterly revenue below estimates on cautious IT spending
April 29 (Reuters) - Cognizant Technology CTSH.O forecast quarterly revenue below Wall Street estimates on Wednesday, signaling cautious client spending on its IT services amid macroeconomic uncertainty, sending its shares down about 5% in premarket trading.Discretionary spending remains challenged,...Reuters
Wed, Apr 29
Phillips 66 gains after surprise Q1 profit
Shares of U.S. refiner Phillips 66 PSX.N up 2.3% at $168.90 premarketCo posts surpise Q1 adjusted profit, helped by higher refining margins for its productsPosts Q1 adjusted profit of 49 cents per share vs analysts' estimated loss of 40 cents per share - LSEG DataRealized margin for Q1 is $10.11...Reuters
Wed, Apr 29
Irish energy distributor DCC weighs buyout bid, shares soar
DCC shares jump 16% after takeover proposal revealedKKR and Energy Capital Partners have until June 10 to make a firm offerDCC says no certainty a firm offer will be madeBy Ankita Bora and Yamini KaliaApril 29 (Reuters) - Irish Energy distributor DCC DCC.L is reviewing a cash takeover proposal from ...Reuters
Wed, Apr 29
Sofi Non-GAAP EPS Of $0.12 In-Line, Revenue Of $1.1B Beats By $50M
Sofi (SOFI): Q1 Non-GAAP EPS of $0.12 in-line. Revenue of $1.1B (+42.7% Y/Y) beats by $50M.Sofi shares fell 6% in premarket.Total Loan Originations at a record $12.2 billionMember growth up 35% to a record 14.7 million membersProduct growth up 39% to a record 22.2 million productsFor the first quart...Tiger News
Wed, Apr 29
Working While Collecting Social Security? The Tax Surprise No One Warns You About.
Key PointsThe government taxes extra income above a certain limit at a 50% rate.The good news is that tax goes away once you reach full retirement age. The $23,760 Social Security bonus most retirees completely overlook › Are you considering continuing to work while you collect Social Security? Work...The Motley Fool
Wed, Apr 29
LIVE MARKETS-Local elections bring added risk to British markets
STOXX 600 down 0.2%Busy earnings dayEfforts to end Iran war at impasseUS futures edge upWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com LOCAL ELECTIONS BRING ADDED RISK TO BRITIS...Reuters
Wed, Apr 29
The MIT-IBM Computing Research Lab Launches to Shape the Future of AI and Quantum Computing
Building on a long-standing MIT–IBM collaboration, the new lab will chart the convergence of AI, algorithms, and quantum computing CAMBRIDGE, Mass., April 29, 2026 /PRNewswire/ -- IBM (NYSE: IBM) and the Massachusetts Institute of Technology today announced the launch of the MIT-IBM Computing Resea...PR Newswire
Wed, Apr 29
Daqo New Energy Announces Unaudited First Quarter 2026 Financial Results
SHANGHAI, April 29, 2026 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter...PR Newswire
Wed, Apr 29
US STOCKS-Wall Street futures mixed ahead of Big Tech earnings, Fed meeting
Futures: Nasdaq up 0.34%, Dow and S&P 500 flatData-storage stocks gain after Seagate's upbeat forecastStarbucks up after lifting forecastBy Niket Nishant and Utkarsh Hathi April 29 (Reuters) - U.S. stock index futures were mixed on Wednesday, in a cautious start to a day packed with se...Reuters
Wed, Apr 29
Power equipment maker Generac raises annual sales forecast on growing data center backlog
April 29 (Reuters) - Generac GNRC.N raised its annual sales growth forecast after reporting better-than-expected first-quarter earnings on Wednesday, helped by solid demand for backup generators and a growing backlog from data center customers.Shares of the company rose 12% in premarket trading.Extr...Reuters
Wed, Apr 29
Is It Too Late To Buy Sandisk After Its Massive Run?
Sandisk (NASDAQ: SNDK) has become one of the market's most surprising AI infrastructure stories, with stronger revenue, expanding profits, improving NAND pricing, and growing enterprise SSD demand. The upside case is powerful, but after a massive rally, investors need to decide whether expectations ...The Motley Fool
Wed, Apr 29
GE HealthCare falls after Q1 profit miss, forecast cut
Shares of medical device maker GE Healthcare GEHC.O fall 5.6% to $64.70 premarketCo cuts annual adjusted profit forecast to $4.80–$5.00 vs average of analysts' estimates of $5.07 – LSEG dataCo reports Q1 2026 adjusted profit of $0.99 per share vs analysts' average estimate of $1.05Q1 revenue...Reuters
Wed, Apr 29
The eVTOL Era is Beginning With Uber and Joby Aviation: What Investors Need to Know
Key PointsJoby Aviation plans to lead Western eVTOL launches with Uber in Dubai.Business models and timelines differ widely among eVTOL companies.eVTOL stocks are volatile but offer long-term growth potential.10 stocks we like better than Joby Aviation › Joby Aviation (NYSE: JOBY) is the front-runne...The Motley Fool
Wed, Apr 29
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