Category: Top Story
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Gulf Oil Output Slumps 57% From Pre-War Levels, Goldman Says
Crude production in the Gulf has dropped by an estimated 14.5 million barrels per day—around 57% below pre-conflict levels—according to Goldman Sachs, which cautions that a full recovery may take longer than markets anticipate even after the Strait of Hormuz reopens. In a note to clients, analyst Daan Struyven said output could largely rebound within…
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AI adoption expands but remains concentrated in select sectors, says Wolfe Research
The use of artificial intelligence is growing across the U.S. economy, but it continues to be largely concentrated in a limited number of industries, according to new findings from Wolfe Research. Data from the U.S. Census Bureau’s Business Trends and Outlook Survey shows that just 19% of companies currently use AI in the production of…
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Semiconductor Surge Lifts S&P 500 and Nasdaq to Fresh Records
U.S. stocks finished the week on a split note Friday as a powerful rally in semiconductor shares propelled the S&P 500 and the Nasdaq Composite to new all-time highs, while the Dow slipped modestly. Intel’s blowout first-quarter earnings report was the catalyst, triggering a broad-based buying spree across the chip sector that extended the Philadelphia…
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Amazon Gains as Meta Expands AI Partnership Using AWS Graviton
Shares of Amazon (NASDAQ:AMZN) rose around 2% on Friday after Meta Platforms (NASDAQ:META) unveiled a major expansion of its partnership with Amazon Web Services, centered on deploying tens of millions of AWS Graviton processor cores for advanced AI workloads. Meta Scales Up AI Infrastructure Meta said it will become one of the largest global users…
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Eli Lilly Shares Dip Despite Stable Growth in GLP-1 Prescriptions
Shares of Eli Lilly and Company (NYSE:LLY) slipped around 2% after the latest weekly prescription data pointed to mixed trends across its GLP-1 drug portfolio. Weekly Prescription Trends Mixed According to IQVIA data cited by Morgan Stanley, Mounjaro prescriptions for the week ending April 17, 2026 reached roughly 758,400 total prescriptions and 367,900 new prescriptions,…
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Intel Set to Drive Early Wall Street Rebound: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures are pointing to a higher open on Friday, suggesting markets could recover after the weakness seen in the previous session. A sharp rally in shares of Intel Corp (NASDAQ:INTC) is likely to support early buying, with the chipmaker jumping more than 25% in premarket trading. The surge follows stronger-than-expected first-quarter earnings from…
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Tesla Begins Cybercab Production as Robotaxi Strategy Advances
Tesla (NASDAQ:TSLA) has started production of its Cybercab, a fully autonomous robotaxi built without a steering wheel, chief executive Elon Musk said on Friday. The Cybercab marks a strategic move toward a dedicated self-driving ride-hailing platform. Designed specifically for autonomous use, the vehicle does not include conventional driver controls. Tesla shares rose 0.7% in premarket…
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Intel Soars in Premarket After Blowout Results, Eyes Record High
Shares of Intel Corp (NASDAQ:INTC) surged about 28% in premarket trading on Friday after the chipmaker delivered stronger-than-expected first-quarter results and issued an upbeat outlook for the second quarter, driven by robust demand for its AI-focused data center chips. The stock climbed to around $85, putting it on track to surpass its all-time high reached…
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Markets Drift as Oil Stays Elevated and Intel Jumps: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. indices were mixed on Friday, hovering around flat levels, while oil prices held above $100 per barrel as disruptions in the Strait of Hormuz persisted despite a fragile U.S.-Iran ceasefire. Meanwhile, shares of Intel (NASDAQ:INTC) surged in after-hours trading following an upbeat outlook from the chipmaker. Futures Struggle for Direction…
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Software Selloff and Rising Oil Prices Pull Wall Street Back from Record Highs
U.S. stocks retreated on Thursday as a sharp selloff in software shares and surging crude oil prices gave investors reason to book profits after the previous session’s rally to all-time highs. The S&P 500 had just notched a fresh record on Wednesday following President Trump’s extension of the ceasefire with Iran, but optimism faded quickly…