HSBC Shares Drop as Q1 Pre-Tax Profit Misses Estimates on Higher Credit Loss Provisions
Europe largest bank HSBC reports Q1 pre-tax profit of $9.4 billion, slightly missing analyst estimates, with higher expected credit losses being the main drag.
Finance
Palantir Revenue Surges 85%, Fastest Growth Since 2020 IPO, Driven by AI Demand
Palantir’s Q1 earnings beat expectations with 85% year-over-year revenue growth, the fastest expansion since its 2020 market debut, fueled by government and enterprise AI demand.
Mavericks Name Masai Ujiri as Team President in Major NBA Front Office Move
The Dallas Mavericks have officially named Masai Ujiri as team president and alternate governor, bringing the executive who led the Toronto Raptors to a 2019 NBA Championship to a new chapter in his career.
Hotels Face World Cup Booking Crisis: Reservations Fall Far Short of Projections
With the 2026 FIFA World Cup just weeks away, nearly 80% of surveyed hotels report bookings below projections, raising concerns about tourism revenue.
GameStop Offers $56 Billion to Acquire eBay, Payment Plan Sparks Doubts
GameStop has submitted a $56 billion acquisition offer for eBay, aiming to create an e-commerce platform capable of competing with Amazon, but markets widely question the feasibility of its financing plan.
GameStop Makes $55.5 Billion Bid for eBay as Ryan Cohen Eyes Amazon Rival
GameStop chairman Ryan Cohen has proposed a $55.5 billion takeover of eBay aiming to build a stronger competitor to Amazon
Quantum Computing Firm Xanadu Plunges 67% After SEC Filing Triggers Selloff
Canadian quantum computing company Xanadu (XNDU) plunged over 67% in pre-market trading after filing to register 294 million shares for resale with the SEC.
Spirit Airlines Nearly Completes Customer Refunds After Shuttering
Spirit Airlines, which ceased operations after a rescue deal fell apart, says it has nearly finished refunding all affected customers
US Gas Prices Surge Over 30 Cents Per Gallon in One Week Amid Iran Conflict
US gasoline prices rose more than 30 cents per gallon in the past week, with the Strait of Hormuz closure and Iran conflict pushing energy costs higher
GameStop Makes Unsolicited $56 Billion Bid for eBay, CEO Ryan Cohen Announces
GameStop has made an unsolicited $56 billion acquisition offer to e-commerce platform eBay, with CEO Ryan Cohen revealing a roughly 5% stake in the company.