Stellar (XLM) has been moving through a weak stretch in the market, extending its decline over the past seven days even as the network continues to push new development initiatives. The token is currently trading around $0.159, showing only mild short-term recovery attempts after slipping under key technical levels. Despite occasional intraday rebounds, the broader
Meta Platforms Inc. is planning to raise between $20 billion and $25 billion through an investment-grade bond sale. The move comes as the company accelerates spending on infrastructure to capitalise on the artificial intelligence boom, people familiar with the matter told Bloomberg. The offering is expected to be split into as many as six tranches.
Shares of Meta Platforms fell sharply in early trading on Thursday, dropping around 9%. The move comes despite the company reporting better-than-expected first-quarter results, as investors reacted to a significant increase in capital expenditure guidance. The decline underscores growing market sensitivity to the cost of artificial intelligence investments, even as revenue and profitability remain strong.
Nexo, a digital assets wealth platform, has expanded its Zero-Interest Credit (ZiC) product to include Solana’s SOL and Ripple’s XRP as supported collateral assets. With this move, Nexo becomes the first platform to offer 0% APR, no-liquidation lending backed by either asset, adding to its existing BTC and ETH collateral options. ZiC, which was named
ExxonMobil, the world’s largest publicly traded energy giant, is set to release its fiscal first-quarter 2026 earnings report before the US market opens on May 1. These will be the company’s first full quarterly results since the outbreak of the Hormuz conflict, with investors keenly watching the impact on its bottom line. ExxonMobil’s revenue is
Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending
Shares of Microsoft fell sharply on Thursday, dropping around 5% to $402.37 in early trading, as investors reacted to the company’s elevated capital spending outlook despite strong cloud growth and an earnings beat. The decline came even as broader markets showed mixed performance. The S&P 500 edged up 0.1%, while the Nasdaq Composite slipped 0.3%.
Yum Brands on Wednesday reported quarterly earnings and revenue that exceeded analysts’ expectations, supported by another strong performance from its Taco Bell division. The company posted adjusted earnings per share of $1.50, surpassing estimates of $1.38, according to a survey by LSEG. Revenue came in at $2.06 billion, slightly ahead of expectations of $2.04 billion.
Seagate Technology delivered a strong set of third-quarter results that comfortably exceeded Wall Street expectations, sending its shares sharply higher in premarket trading and reinforcing investor confidence in the durability of artificial intelligence-driven demand for data storage. The hard-drive maker reported adjusted earnings of $4.10 per share for the quarter, more than doubling from $1.90
US President Donald Trump met top officials from Chevron and other energy companies on Tuesday. The meeting focused on US oil production, oil futures, shipping, and natural gas, a White House official said on Wednesday. The discussion comes at a time of heightened volatility in global energy markets. The meeting aimed to gather industry feedback