Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
Micron Technology's shares surged 12% on Tuesday, pushing the memory maker's market cap past $700 billion for the first time and extending a 700% rally over the past 12 months, as an AI-driven global memory shortage continues to fuel demand.
Sara Montes de Oca · 84 DAYS AGO
Pinterest reported first-quarter revenue of $1.01 billion, beating estimates of $966 million, as shares surged 15%. The company also issued second-quarter guidance above Wall Street projections, citing AI-driven advertising improvements.
Sara Montes de Oca · 84 DAYS AGO
The SEC announced a settlement with Elon Musk's revocable trust over the late disclosure of his 2022 Twitter stock purchases, with the trust agreeing to pay a $1.5 million civil penalty — far less than the $150 million the agency claimed Musk saved by breaking disclosure rules.
Sara Montes de Oca · 85 DAYS AGO
Amazon is opening its logistics network to outside businesses under the "Amazon Supply Chain Services" brand, competing directly with UPS and FedEx by offering warehousing, fulfillment, and parcel delivery to companies in retail, healthcare, and manufacturing.
Sara Montes de Oca · 85 DAYS AGO
GameStop has made an unsolicited, non-binding offer to acquire eBay for $125 per share in a cash-and-stock deal valuing the e-commerce platform at roughly $55.5 billion, with CEO Ryan Cohen pitching a path to rivaling Amazon.
Sara Montes de Oca · 85 DAYS AGO
Spirit Airlines ceased all operations on May 2, 2026, after surging jet fuel prices — rising from a projected $2.24 per gallon to more than $4.50 — rendered its March 2026 bondholder restructuring plan financially unviable, ending 34 years of service.
Sara Montes de Oca · 87 DAYS AGO
Average health insurance deductibles on ACA marketplaces have reached $2,912 in 2026, up from $1,881 in 2014, while roughly one in five workers with employer-sponsored plans now faces a deductible of $3,000 or more for single coverage.
Sara Montes de Oca · 87 DAYS AGO
The S&P 500 closed at 7,230.12 and the Nasdaq finished at 25,114.44 on May 1, both setting all-time highs, as Apple's fiscal second-quarter earnings beat lifted shares more than 3% and oil prices retreated on Iran peace-deal uncertainty.
Sara Montes de Oca · 88 DAYS AGO
Bitcoin gained 12.7% in April for its best month since April 2025, but CryptoQuant says perpetual futures were the "sole driver" of the rally while spot demand contracted — a pattern analysts associate with self-limiting price runs.
Sara Montes de Oca · 88 DAYS AGO
Apple reported fiscal second-quarter revenue of $111.18 billion, up 17% year over year, and earnings of $2.01 per share — both ahead of estimates — as the company navigated its best-ever March quarter and prepared for a CEO transition in September.
Sara Montes de Oca · 89 DAYS AGO
Google Cloud posted 63% revenue growth to $20.03 billion in the first quarter — its fastest rate on record — while Amazon Web Services and Microsoft Azure also topped analyst estimates, reflecting surging demand for AI infrastructure.
Jay Goldberg · 89 DAYS AGO
Samsung Electronics posted its highest-ever quarterly operating profit in the first quarter of 2026, with earnings rising more than 750% year over year to 57.2 trillion Korean won, driven by surging demand for AI-linked memory chips.
Sara Montes de Oca · 90 DAYS AGO
PayPal CEO Enrique Lores has restructured the company into three distinct segments, making Venmo a standalone business unit for the first time as takeover interest from firms including Stripe intensifies and two senior executives depart.
Jay Goldberg · 90 DAYS AGO
AstraZeneca and GSK both beat first-quarter earnings expectations on Wednesday, but their CEOs joined a growing chorus of European pharma leaders warning that Trump's most-favored-nation drug pricing policy could limit which new medicines reach patients in Europe.
Sara Montes de Oca · 90 DAYS AGO
The world’s largest contract chipmaker posted first-quarter revenue of 1.13 trillion New Taiwan dollars ($35.6 billion), marking a 35% year-over-year increase and slightly exceeding analyst expectations.
Sara Montes de Oca · 109 DAYS AGO
Spanning geopolitical conflict, trade policy upheaval, artificial intelligence, private market fragility, and bank regulation, the letter offers an unvarnished look at how the most influential banker in the world sees the current environment.
Sara Montes de Oca · 112 DAYS AGO
Tesla delivered 358,023 vehicles in Q1 2026, falling short of the analyst consensus estimate of 370,000 deliveries and the company's own internal estimate of 365,645. Production for the quarter came in at 408,386 vehicles.
Sara Montes de Oca · 112 DAYS AGO
The confidential filing allows SpaceX to submit its financials to the SEC for regulatory review before making them public.
Sara Montes de Oca · 112 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.