Author: Fiona Craig
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IBM Unveils New Cybersecurity Tools to Combat AI-Driven Threats
IBM (NYSE:IBM) has introduced a new set of cybersecurity solutions aimed at helping organizations defend against increasingly sophisticated attacks powered by advanced artificial intelligence, according to a company announcement. The tech group rolled out two primary offerings: an AI-focused cybersecurity assessment service delivered through IBM Consulting, and IBM Autonomous Security, a platform driven by AI…
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M&T Bank Tops Q1 Forecasts on Earnings and Revenue
M&T Bank (NYSE:MTB) reported first-quarter results that came in ahead of analyst expectations, with both profit and revenue exceeding forecasts. Adjusted earnings per share were $4.18, above the $4.01 consensus estimate, while revenue reached $2.44 billion, slightly ahead of the $2.43 billion expected by analysts. The bank’s shares were unchanged in premarket trading following the…
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Snap Shares Surge as Layoffs Aim to Boost Profitability
Snap (NYSE:SNAP) shares jumped 8.2% in premarket trading on Wednesday after the company announced a significant round of layoffs impacting about 1,000 full-time employees, or roughly 16% of its global workforce. Chief Executive Officer Evan Spiegel said in a memo to staff that the cuts are part of efforts to improve efficiency as Snap focuses…
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DHT Holdings Reports Q1 TCE Rates of $78,800 per Day
DHT Holdings (NYSE:DHT) said its fleet generated estimated time charter equivalent (TCE) earnings of $78,800 per day in the first quarter of 2026, according to a company statement. The company’s VLCC vessels operating in the spot market achieved earnings of $91,700 per day, while those on time charter averaged $61,300 per day. These figures were…
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PNC Financial Tops Earnings Forecasts but Misses on Revenue
PNC Financial Services Group (NYSE:PNC) reported first-quarter results on Wednesday that beat profit expectations, although revenue came in slightly below forecasts as the bank continued integrating its recent FirstBank acquisition. The company’s shares were little changed in premarket trading following the announcement. PNC posted adjusted earnings per share of $4.32 for the quarter, excluding $98…
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Bank of America Beats Q1 Expectations, Highlights ‘Strong Momentum’
Bank of America (NYSE:BAC) reported first-quarter results on Wednesday that exceeded analyst forecasts for both earnings and revenue. Adjusted earnings per share came in at $1.11, ahead of the $1.01 consensus estimate. Revenue totaled $30.3 billion, topping expectations of $29.92 billion and rising 7% from $28.2 billion in the same period a year earlier. Net…
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BRP Shares Plunge 20% as Tariff Changes Force Withdrawal of Guidance
BRP Inc. (NASDAQ:DOO) shares dropped 20% on Wednesday after the company suspended its fiscal 2027 outlook in response to recent changes in U.S. tariff policy. The powersports manufacturer pulled its full-year guidance after amendments to Section 232 tariffs on steel, aluminum and copper imports into the United States took effect on April 6, 2026. Under…
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Quantum Computing Stocks Rally After Nvidia Unveils New AI Model Suite
Shares of quantum computing firms moved higher in premarket trading on Wednesday after Nvidia (NASDAQ:NVDA) introduced a new family of open-source AI models aimed at advancing development in the quantum computing space. D-Wave Quantum (NYSE:QBTS) surged more than 8% in early trading, while IonQ (NYSE:IONQ) climbed 6.2%. Other players in the sector, including Infleqtion (NYSE:INFQ),…
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First Solar Shares Rise on Reports of China Considering Export Limits on Solar Technology
First Solar (NASDAQ:FSLR) shares climbed 3.5% in premarket trading after reports that China has begun early-stage discussions about potentially restricting exports of advanced solar manufacturing technology to the United States, according to Reuters. The conversations, which involve solar equipment producers, are still at a preliminary stage and have not yet moved to formal industry consultations.…
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Nike Shares Climb After CEO Increases Stake
Nike (NYSE:NKE) shares gained 2.2% in premarket trading on Thursday after chief executive Elliott Hill added to his holdings in the sportswear group. Hill acquired 23,660.235 shares at a price of $42.265 each on April 13, according to a filing with the Securities and Exchange Commission. The purchase follows an investment of roughly $1 million…