Track the evolution of major financial and economic events
Prenetics reported record Q1 2026 revenue of $36.0 million, with IM8 revenue growing nearly 6x year-over-year. The company also raised its full-year 2026 IM8 revenue guidance to a range of $190 million to $210 million. Additionally, Prenetics divested its full stake in digital assets for $41.3 million in proceeds to boost its cash balance.
Primoris Services (PRIM) shares plunged 50%, dropping $101.69 following a financial report that revealed significant declines in revenue and gross profits. On the same day, Hagens Berman opened an investigation into whether the company's disclosures were misleading prior to the May 5, 2026 report.
Marvell Technology Inc stock hit a new 52-week high, marking a roughly 105% increase year-to-date. The company announced a new strategic equity investment from Advanced Micro Devices (AMD). Additionally, Cisco's strong earnings and $5.3 billion in AI infrastructure orders boosted sentiment across the semiconductor ecosystem.
Wix shares plummeted 32% after Scotiabank cut its price target from $135.00 to $110.00 while maintaining an Outperform rating. The company reported adjusted earnings per share of $0.68, significantly missing analysts' expectations of $1.25. Additionally, the adjusted gross margin declined to 66%.
On May 14, Ondas reported a 1,065% surge in first-quarter revenue, supported by its partnership with Palantir. The autonomous drone company also raised its full-year revenue guidance.
Apple reported a record revenue of $111.2 billion for the fiscal second quarter, up 17% year-on-year. Earnings per share for AAPL rose 22% to $2.01, beating Wall Street expectations.
On May 14, Allegro, Poland's largest e-commerce platform, raised its 2026 outlook for its international business. This came after the company reported first-quarter earnings that beat expectations and full-year guidance.
On May 13, Argentina's economy ministry approved Transportadora de Gas del Sur's application to enter the RIGI large-investment incentive scheme. The expansion project for the Perito Moreno gas pipeline is valued at approximately $550 million.
On May 13, ImmunityBio faced a securities class action lawsuit after the FDA issued a warning regarding misleading efficacy claims for its product Anktiva. The news caused IBRX shares to plunge by 21%, resulting in an approximate loss of $2 billion in market capitalization.
Ford Motor Co. shares surged by as much as 15% following a bullish call from Morgan Stanley, marking the stock's best one-day performance since March 2020. In just two days, shares gained 20%, helping it turn positive for the year. While US manufacturing output accelerated due to increased auto production, supply disruptions from the war with Iran are casting a shadow over the sector. Ford is preparing to support a defense industrial mobilization in North America and Europe and is exploring how its commercial vehicles and related technologies could help governments quickly build defenses cost-effectively.
On May 13, Corning Inc. stock hit a record high of $209.43, raising its market capitalization to $179 billion. The company announced a partnership with NVIDIA to expand optical connectivity manufacturing. Additionally, the Springboard growth plan aims for $35 billion in annualized sales by 2030.
On May 13, defense contractor Anduril completed a funding round at a valuation of $61 billion. The company is involved in building President Trump’s 'Golden Dome' antimissile shield. These developments come amid rising expectations for the company's initial public offering.
Las Vegas Sands reported its Q1 earnings, posting an adjusted EPS of $0.91, significantly exceeding the expected $0.76. The company's revenue reached $3.59 billion, surpassing the anticipated $3.32 billion. These results reflect a strong recovery in Macau and Singapore, bolstering the company's market position.
On May 13, Nike's profit margins fell by 34% due to weak sales performance. The company is facing significant challenges in the Chinese market and underperformance in direct-to-consumer initiatives.
On May 13, Morgan Stanley raised its price target for the S&P 500, joining the upper echelon of Wall Street forecasts. Mike Wilson noted that the market has already priced in the most significant risks.
SoftBank's Vision Fund posted a $46 billion gain driven by its massive investment in OpenAI. Other companies like Fervo Energy, Cisco, and MUFG reported strong financial results, while Honda faced its first annual loss in nearly 70 years. Meanwhile, OpenAI is preparing for a public listing and is exploring potential legal action against Apple over the ChatGPT integration.
Siemens launched a share buyback program of up to $7 billion over a period of five years. This announcement follows the company's report of higher second-quarter revenue in its industrial businesses, reflecting strong financial performance. The program demonstrates the company's confidence in its ability to achieve further growth in the future.
On May 13, Ninety One SA Pty Ltd increased its stake in Microsoft by 9.0%, raising its total holdings value to $72 million. Microsoft reported strong quarterly earnings of $4.27 per share and revenue of $82.89 billion, exceeding analyst expectations. Institutional investors and hedge funds now collectively own 71.13% of the company's stock.
Babcock & Wilcox reported a Q1 loss of $0.60 per share, significantly exceeding FactSet estimates of a $0.03 loss per share. This substantial widening of the loss reflects financial challenges the company is facing during this period.
On May 13, Commonwealth Bank of Australia shares fell by 9% after the bank set aside an additional A$200 million in provisions for risks associated with the Middle East conflict. Investors also reacted negatively to housing tax changes introduced in the federal government's budget.
Nintendo shares plunged sharply after full-year operating income forecasts missed Bloomberg consensus estimates. The company warned that memory prices and tariffs could impact the business by about 100 billion yen ($640 million). Additionally, fourth-quarter operating income was 59.72 billion yen, falling short of the estimated 74.78 billion yen.
Lincoln Educational Services reported earnings of $0.14 per share, significantly beating the analyst consensus estimate of $0.04. The company's revenue jumped 22.5% to $143.96 million compared to $117.51 million in the previous year. The total student population rose by 17.6% driven by strong employer demand for skilled trades. Additionally, the company announced the launch of its initial public offering roadshow, which includes 21,049,988 shares of Class A common stock, with an expected offering price between $18.00 and $20.00 per share.
The Ontario Securities Commission issued a cease trade order against Canada Carbon for failing to file its audited annual financial statements for 2025. Consequently, the TSX Venture Exchange suspended trading in the Company's securities.
On May 13, oral VK2735 demonstrated up to 12.2% mean weight reduction from baseline at Week 13 in Phase 2 trials. This announcement led to a gain in shares for Viking Therapeutics.
