Factual
Fed Holds Rates Steady in Powell's Final Meeting as Chair
The Federal Reserve held interest rates at 3.5% to 3.75% at Jerome Powell's last meeting as chair. The Senate Banking Committee advanced Kevin Warsh's nomination the same day.
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BalancedAlphabet, Microsoft, Amazon and Meta Report Earnings in $645 Billion AI Test
Four of the world's largest companies will report quarterly results within minutes of each other on 29 April. Their combined AI infrastructure spending for 2026 approaches $645 billion.
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FactualUAE Exits OPEC After 59 Years, Effective May 1
The United Arab Emirates will leave OPEC and OPEC+ on Thursday, ending six decades of membership. The move frees the UAE to raise output toward its 5-million-barrel-per-day target.
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FactualGM Posts $43.6 Billion Q1 Revenue, Raises Guidance After Tariff Ruling
General Motors beat Wall Street estimates with adjusted earnings of $3.70 per share and raised its full-year outlook. A Supreme Court tariff decision saved the automaker roughly $500 million.
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BalancedMaryland Becomes First US State to Ban Dynamic Grocery Pricing
Maryland will prohibit grocery stores from using algorithms to set individualised prices based on customer data. Violations carry penalties of up to $25,000 per offence.
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FactualNucor Q1 Earnings Surge 382% as Steel Tariffs Lift Prices
Nucor reported earnings of $3.23 per share, up from $0.67 a year ago, on record shipments and tariff-driven price recovery. The steelmaker expects further gains in Q2.
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FactualComcast Drops 13% Despite Q1 Earnings Beat on Broadband Fears
Comcast shares fell nearly 13% after Deutsche Bank downgraded the stock, citing growing broadband competition. The decline erased gains from a Q1 earnings beat the day before.
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FactualNextEra Energy Hits Record 33 GW Renewables Backlog, Lands Japan Deal
NextEra Energy added 4 GW of new renewables and storage to its development pipeline in Q1. A subsidiary was also selected to build 9.5 GW of gas-fired generation for Japan.
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FactualProcter & Gamble Beats Q3 Estimates but Flags $500 Million Tariff Hit
P&G posted revenue of $21.24 billion, beating Wall Street expectations by 3.5%. The company warned that tariffs will cost $500 million this fiscal year with no clear path to recovery.
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FactualSemiconductor Index Posts Longest Winning Streak in History at 18 Days
The Philadelphia Semiconductor Index has risen for 18 consecutive sessions, gaining 39% in April alone. It is the longest winning streak on record for the benchmark chip index.
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FactualUS Consumer Sentiment Hits All-Time Low on Inflation Fears
The University of Michigan's consumer sentiment index fell to 49.8 in April, the lowest reading in the survey's 74-year history. Year-ahead inflation expectations jumped to 4.7%.
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FactualX-Energy Raises $1 Billion in Largest Nuclear IPO Ever
Amazon-backed X-Energy priced its Nasdaq debut at $23 per share, raising $1.02 billion in the largest nuclear public offering on record. Shares surged 27% on the first day of trading.
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FactualAmerican Airlines Cuts 2026 Forecast After $4 Billion Fuel Surge
American Airlines posted record Q1 revenue of $13.9 billion but slashed its full-year earnings forecast as jet fuel costs ballooned by $4 billion. The airline joins United and Delta in warning that the Iran conflict is reshaping industry economics.
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FactualQXO to Acquire TopBuild for $17 Billion in Building Products Push
Brad Jacobs' QXO agreed to buy TopBuild, North America's largest insulation distributor, for $17 billion. The deal creates a building products giant with $18 billion in combined revenue and 28,000 employees.
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FactualUnitedHealth Beats Q1 Estimates and Raises Guidance Amid Stock Recovery
UnitedHealth posted Q1 adjusted earnings of $7.23 per share, beating estimates and raising full-year guidance above $18.25. The stock remains 54% below its 52-week high as investors weigh the insurer's turnaround against lingering Medicaid headwinds.
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FactualAmerican Express Beats Q1 Estimates as Premium Spending Grows
American Express reported first-quarter earnings of $3.64 per share on $17 billion in revenue, beating estimates. The company raised its dividend 16% and added 3.4 million new cards.
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FactualGE Vernova Q1 Orders Surge 71% on Data Centre Power Boom
GE Vernova booked $18.3 billion in first-quarter orders, up 71% year-on-year, driven by AI data centre demand for power equipment. The company raised its full-year revenue and cash flow guidance.
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FactualIBM Q1 Revenue Grows 9% as AI Drives All Business Segments
IBM reported $15.9 billion in first-quarter revenue, up 9% year-on-year, with AI software revenue exceeding $1.5 billion. The stock fell 7% after hours on cautious consulting guidance.
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BalancedIntel Stock Up 74% in 2026 on AI Server Demand and Foundry Deals
Intel shares have surged 74% year-to-date, reaching near 26-year highs ahead of Thursday's Q1 earnings. AI-driven server CPU demand and the $25 billion Terafab foundry partnership are fuelling the rally.
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FactualServiceNow Stock Drops 15% as Iran War Delays Enterprise Deals
ServiceNow beat Q1 revenue estimates with $3.77 billion in sales, up 22% year-on-year. The stock fell 15% after the company flagged delayed Middle East deals and lower margin guidance.
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