Track the evolution of major financial and economic events
On June 2, OpenAI's ChatGPT app surpassed 1 billion global monthly active users. ChatGPT became the fastest app ever to reach this milestone according to Sensor Tower estimates.
On June 2, Duos Technologies announced the receipt of $50.4 million in proceeds from the sale of substantially all assets of New APR Energy, LLC. This sale is seen as a strategic move that strengthens the company's financial position.
On June 2, a Los Angeles jury convicted Andrew Left, founder of Citron Research, on 13 out of 17 counts related to securities fraud and market manipulation. Prosecutors alleged that Left generated over $20 million in profits by trading contrary to his public recommendations between 2018 and 2023.
Victoria's Secret shares surged 48% following a pivot to a traditional brand identity. This rally came after Q1 earnings beat estimates and the guidance for 2026 was raised.
On June 2, Generac's stock hit a 52-week high after securing a global supply agreement to provide backup power generators for a hyperscale data center operator. This deal marks a significant step in strengthening the company's position in the backup power market.
On June 2, the Trump administration signed a Letter of Intent to invest $100 million in D-Wave under the CHIPS Act. As a condition of this funding, the U.S. Department of Commerce will receive an equity stake in the company.
On June 2, Blackstone closed its third Asia private-equity fund (BCP Asia III) at $13.1 billion. The new fund exceeded its initial fundraising target of $10 billion.
Sterling Infrastructure reported a 120% increase in adjusted EPS for Q1 2026, driven by surging revenue and a record backlog. The company also raised its full-year outlook, reflecting strong market performance.
On June 1, Cboe Global Markets received SEC approval to launch 23x5 U.S. equities trading on its EDGX Exchange. This move will allow investors to trade U.S. stocks for 23 hours a day, five days a week, enhancing market liquidity and trading flexibility.
HPE stock recorded its best day ever with a 25% surge following a historic earnings beat. HPE also raised its FY26 outlook due to a record AI server backlog and strong Q2 results.
HPE's stock surged toward record highs due to increased demand for networking products, with the company's earnings reflecting significant revenue growth driven by artificial intelligence. Marvell Technology's shares jumped over 25% following NVIDIA's CEO endorsement. Meanwhile, HPE raised its annual sales forecasts, leading to a record spike in its stock prices.
Alphabet Inc shares experienced a decline on Monday following the announcement of plans to raise new capital. The funds are intended to finance the company's artificial intelligence infrastructure expansion. This move reflects the firm's strategic focus on scaling its AI capabilities.
On June 5, Alphabet announced it is seeking to raise $85 billion through equity sales, an increase of $5 billion from the original target. Additionally, Alphabet's stock is set to finish down for the fourth consecutive week as investor sentiment shifts.
The POWER1 study evaluating the efficacy of vormatrigine in patients with focal onset seizures failed to meet its primary success measure. As a result, Praxis has paused enrollment in the POWER2 study to reassess the vormatrigine program and determine potential modifications. However, higher doses (30 mg) showed a more pronounced reduction in seizures, and the drug was generally well-tolerated.
Salesforce stock surged 9.89% after Q1 earnings beat expectations, and the company announced a $5 billion investment in AI firm Anthropic. Seagate stock rose 6.71% driven by strong Q3 results and optimistic Q4 guidance focused on data center storage solutions. Additionally, Salesforce announced a significant $25 billion share repurchase program and raised its fiscal year 2027 revenue guidance.
Yum! Brands is in exclusive talks to sell Pizza Hut to LongRange Capital for an estimated $3.6 to $4.3 billion. The sale of Pizza Hut is seen as a significant threat to competitors like Domino's and Papa John's. Wedbush Securities believes the deal will be a positive catalyst for Yum! Brands, and it is expected to lead to aggressive restructuring and lower costs.
RBC Capital raised Honeywell's price target to $275 as the company prepares to spin off major divisions, including Honeywell Aerospace, to improve operational efficiency. Following a strong Nasdaq debut, Honeywell's quantum computing unit, Quantinuum, reached a valuation of $17.63 billion. The company has reaffirmed its full-year 2026 financial guidance ahead of the Aerospace spin-off, which is officially scheduled to take place on June 29, 2026.
Zeekr achieved a record in vehicle deliveries in May, delivering 34,377 cars, which represents an 81.8% year-on-year increase. This significant growth comes amid rising demand for premium electric vehicles.
The global smartphone market is projected to shrink by 13.9% this year, reaching 1.08 billion units. This contraction is occurring amid a record chip shortage, significantly impacting production and sales in the market.
On June 1, SoftBank CEO Masayoshi Son announced a €75 billion investment commitment in France. The investment aims to build 5 gigawatts of AI data center capacity in the country. However, SoftBank's shares fell 10% on June 4 amid a broader tech sell-off, raising market concerns over SoftBank's high-risk bets on AI.
Honeywell's Board has finalized a plan to split into two independent public companies by June 29, 2026: Honeywell Technologies (Automation) and Honeywell Aerospace. The aerospace entity will trade on Nasdaq under the ticker HONA, with a reverse stock split occurring concurrently with the spin-off. Additionally, Honeywell's Quantinuum unit successfully raised $1.68 billion in an IPO priced above its initial range. The company reaffirmed its 2026 full-year guidance, projecting total sales between $38.8 billion and $39.8 billion.
Carnival reported a 6% revenue growth and an 11% operating earnings growth in Q1 2026. The company also reinstated a quarterly dividend of $0.15 per share, with 85% of 2026 capacity already sold.
On May 31, NetApp reported an EPS of $2.43, beating estimates by $0.16. The company's revenue reached $1.95 billion, representing a 12.47% year-over-year increase.
SoftBank announced a $52 billion investment in a French AI data center network. The company also committed €75 billion to France for the expansion of AI data centers. This investment aims to enhance the AI infrastructure in the country.
