Musk vs. Altman: the $150B lawsuit that could derail the AI IPO of the century

One is the public face of the artificial intelligence boom. The other is the world’s richest man, a leading force behind the electric vehicle revolution and a self-styled futurist. Now, Sam Altman and Elon Musk are locked in a high-stakes legal battle over the future of OpenAI—the company that helped bring AI into the hands… Continue reading Musk vs. Altman: the $150B lawsuit that could derail the AI IPO of the century

Nvidia stock is in the red, back below $200: can it rebound?

Shares of Nvidia declined in early trading on Friday, slipping below the closely watched $200 level after a sharp drop in the previous session. The move comes as investor concerns about rising competition overshadow strong demand signals from artificial intelligence spending. The stock initially rose 1.4% to $202.08 before reversing course to trade 1.1% lower… Continue reading Nvidia stock is in the red, back below $200: can it rebound?

Chevron Q1 beats EPS estimates, shares slip 1% on profit weakness

Elevated oil prices, partially linked to the US-Israeli war on Iran, helped Chevron top Wall Street’s first-quarter earnings estimates on Friday, driven by strong results from its upstream business. The company significantly surpassed expectations, reporting adjusted earnings of $1.41 per share, beating the LSEG consensus estimate of 95 cents.  However, this strong performance was offset… Continue reading Chevron Q1 beats EPS estimates, shares slip 1% on profit weakness

Rivian stock drops 5%: is Amazon reliance a growing risk?

Shares of Rivian Automotive, Inc. fell sharply on Friday after the release of its latest quarterly results. Investors shifted focus away from improving fundamentals toward the company’s growing reliance on a single customer and the uncertain ramp-up of its next-generation vehicle platform. The stock declined about 5.7% on Thursday. Amazon dependence draws investor scrutiny A… Continue reading Rivian stock drops 5%: is Amazon reliance a growing risk?

ExxonMobil earnings mixed as conflict costs weigh; shares slips

Exxon Mobil reported a mixed performance for the first quarter of 2026. While the company’s revenue exceeded expectations, its adjusted earnings per share were below forecasts.  This shortfall was primarily attributed to substantial one-off charges and timing issues related to derivatives. The stock fell 1.6% on Friday after the results came out. The strong underlying… Continue reading ExxonMobil earnings mixed as conflict costs weigh; shares slips

Dow rises 180 points as earnings boost stocks, oil eases but risks linger

US stocks gained on Friday, building on the momentum from one of the strongest monthly rallies in years, as investor optimism around corporate earnings outweighed lingering concerns about geopolitical tensions and oil market volatility. The Dow Jones Industrial Average rose about 180 points, or 0.36%, while the S&P 500 gained 0.54% and the Nasdaq Composite… Continue reading Dow rises 180 points as earnings boost stocks, oil eases but risks linger

Reddit stock jumps 12%: can AI-driven ads spark stock revival?

Shares of Reddit surged in premarket trading on Friday after the company reported stronger-than-expected first-quarter results and issued an upbeat revenue forecast, highlighting growing returns from its artificial intelligence-driven advertising strategy. The stock rose about 12% ahead of the open, extending gains after climbing 6.3% in after-hours trading following the earnings release. Despite the rally,… Continue reading Reddit stock jumps 12%: can AI-driven ads spark stock revival?

BYD sales fall for eighth month as China demand lags

Chinese electric vehicle maker BYD reported another monthly decline in vehicle sales, marking its longest-ever downturn as demand in its home market remains subdued. BYD’s vehicle sales fell 15.5% year-on-year in April, extending the streak to eight consecutive months of decline. The figures were based on Reuters calculations using data from a Weibo post by… Continue reading BYD sales fall for eighth month as China demand lags