Justin Sullivan/Getty Images News Deere & Company ( DE ) said its board has appointed Brent Norwood as senior vice president and chief financial officer, effective May 1. Norwood brings more than 20 years of experience at Deere and across the financial sector. Since 2023, he has served as vice president and finance director for the company’s Construction and Forestry segment and John Deere Power S...
Justin Sullivan/Getty Images News Deere & Company ( DE ) said its board has appointed Brent Norwood as senior vice president and chief financial officer, effective May 1. Norwood brings more than 20 years of experience at Deere and across the financial sector. Since 2023, he has served as vice president and finance director for the company’s Construction and Forestry segment and John Deere Power Systems, overseeing financial planning and analysis, forecasting, capital allocation, and strategic investments. The appointment follows a comprehensive search process that evaluated both internal and external candidates. More on Deere Deere Is Finally Receiving Winds Of Change Deere: Fertilizer Prices Could Be The Straw That Breaks The Camel's Back Deere & Company: Outrunning Broader Markets, Shares Fairly Valued Farmers say repair costs remain growing burden despite Deere settlement Tariff shock ripples through industrials as BRP pulls outlook
Cloud computing provider Nebius Group NV agreed to buy Eigen AI, a startup that boosts the performance of chips used to run artificial intelligence tasks, for about $615 million in stock and cash. Eigen , a 20-person California startup cofounded by two alumni of a prominent MIT AI lab , works on optimizing the performance of some of the leading open-source models from OpenAI, Alibaba Group Holding...
Cloud computing provider Nebius Group NV agreed to buy Eigen AI, a startup that boosts the performance of chips used to run artificial intelligence tasks, for about $615 million in stock and cash. Eigen , a 20-person California startup cofounded by two alumni of a prominent MIT AI lab , works on optimizing the performance of some of the leading open-source models from OpenAI, Alibaba Group Holding Ltd., Meta Platforms Inc. and Nvidia Corp. Eigen’s technology maximizes the number of tokens — the basic units of data in large language models — generated by each Nvidia chip that Nebius uses for inference, or running AI models, said Roman Chernin , Nebius co-founder and chief business officer. That helps Nebius provide better and cheaper services to customers. “This is like the Olympic sport of the current market: Who can extract more tokens for the same price?” he said in an interview. The Eigen team members are “like Olympic runners in this discipline, which for us is a significant improvement in our inference business.” Nebius, which split from Russian internet provider Yandex in 2024, is among a group of firms called “neoclouds,” which rent AI computing capacity to companies like Microsoft Corp. In November, Amsterdam-based Nebius unveiled a product called Token Factory for running inference tasks, competing with startups like Fireworks and Baseten, as well as the cloud giants. Right now, with data center capacity in short supply, Nebius is reserving some of its computing power for Token Factory rather than selling it ahead of time to large clients in multiyear deals, Chernin said. It can charge higher prices for these kinds of short-notice contracts, he said, plus it’s critical for Nebius to add more and different services. The company’s goal is to become one of the key players in the inference market in the next 18 months, he said. The acquisition is Nebius’ second in the past three months, after a February deal to buy Tavily, and the company is looking at other de...
Exxon Mobil Corp. outperformed expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war. Adjusted first-quarter net income of $1.16 a share was 20 cents higher than the average analyst estimate in a Bloomberg survey. Although profit dropped to a five-year low of $4.9 billion, that figure included the impact of temporary ac...
Exxon Mobil Corp. outperformed expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war. Adjusted first-quarter net income of $1.16 a share was 20 cents higher than the average analyst estimate in a Bloomberg survey. Although profit dropped to a five-year low of $4.9 billion, that figure included the impact of temporary accounting charges tied to derivative contracts that the company expects to fully unwind over the coming months. Even so, Exxon may revise guidance that forecast full-year daily output equivalent to 4.9 million barrels as the Iran war chokes Middle East energy flows and prevents the Texas oil giant from selling crude and liquefied natural gas from the region. “Part of the challenge with giving guidance is, as you would imagine, we really don’t know how long the Strait of Hormuz will remain closed,” Chief Financial Officer Neil Hansen said in an interview. Higher energy prices added $1.7 billion to earnings during the quarter, outweighing a $400 million blow from war-related production outages, according to company figures. Roughly 15% of Exxon’s worldwide output remains offline, Hansen said. Rival supermajors BP Plc and TotalEnergies SE also surpassed expectations when they disclosed results earlier this week. Exxon “is a fundamentally stronger company than it was just a few years ago, built to perform through disruption and across market cycles,” Chief Executive Officer Darren Woods said in a statement Friday. The unprecedented global energy shock triggered by the Iran war has pushed international oil prices to more than $125 a barrel. But oil companies in many cases have been hamstrung in reaping the financial windfall as the conflict strands oil and natural gas cargoes, and missile and drone strikes menace critical infrastructure in the region. Exxon’s bought back $4.9 billion of shares during the quarter and affirmed its intention to repurchase $20 billion worth of stock ...
LONDON, May 01, 2026 (GLOBE NEWSWIRE) -- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, reported first quarter 2026 financial results today through an earnings release posted on the company’s Investor Relations website at http://investors.nvent.com . The earnings release will be furnished with the Securities and Exchange Commission on a ...
LONDON, May 01, 2026 (GLOBE NEWSWIRE) -- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, reported first quarter 2026 financial results today through an earnings release posted on the company’s Investor Relations website at http://investors.nvent.com . The earnings release will be furnished with the Securities and Exchange Commission on a Form 8-K and is available here . The company will also hold a conference call with analysts and investors at 9:00 a.m. ET.
HOUSTON and LONDON, May 01, 2026 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE: LYB) (the "company") today announced results for the first quarter 2026. Comparisons with the prior quarter and first quarter 2025 are available in the following table:
HOUSTON and LONDON, May 01, 2026 (GLOBE NEWSWIRE) -- LyondellBasell Industries (NYSE: LYB) (the "company") today announced results for the first quarter 2026. Comparisons with the prior quarter and first quarter 2025 are available in the following table:
Company reports Diluted EPS of $3.84, Economic EPS of $8.23 in the first quarter Company reports Diluted EPS of $3.84, Economic EPS of $8.23 in the first quarter
Company reports Diluted EPS of $3.84, Economic EPS of $8.23 in the first quarter Company reports Diluted EPS of $3.84, Economic EPS of $8.23 in the first quarter
Morsa Images/DigitalVision via Getty Images By Roxanna Islam, CFA, CAIA Cannabis stocks have seen renewed investor interest as federal policy momentum improves. The most important recent development was the placement of FDA-approved marijuana products and state-regulated medical marijuana products from Schedule I to Schedule III under the Controlled Substances Act. Schedule III drugs are considere...
Morsa Images/DigitalVision via Getty Images By Roxanna Islam, CFA, CAIA Cannabis stocks have seen renewed investor interest as federal policy momentum improves. The most important recent development was the placement of FDA-approved marijuana products and state-regulated medical marijuana products from Schedule I to Schedule III under the Controlled Substances Act. Schedule III drugs are considered to have a lower abuse potential than Schedule I or II drugs, although they still remain controlled substances. This does not mean full federal legalization, but could have improved accounting/tax benefits and increased access to capital for cannabis operators. Investors and advisors who want to take advantage of potential regulatory upside may find it easiest to invest through ETFs. Here’s what you need to know. Regulation Still Drives the Cannabis Trade Cannabis equities remain highly sensitive to regulatory news. This is partly because federal law still creates unusual constraints around banking, taxes, exchange listings, custody, and institutional access. As a result, cannabis stocks often trade less on traditional fundamentals alone and more on changes in perceived policy. For more background on the regulatory environment, see my colleague Jane Edmondson’s most recent note on the topic. Over the past year, the performance of the five major multi-state operators (MSOs) fluctuated from in the double-digit negative range to up over 100%. But overall performance has been positive. The largest, Curaleaf Holdings Inc. ( CURLF ), has $2.6 billion in market capitalization and has been up 33% year-to-date (over 277% in the past year). Another large MSO, Trulieve Cannabis Corp. ( TCNNF ), has been up around 10% YTD (over 122% in the past year). U.S. Cannabis Exposure Is Still Difficult to Access Directly The cannabis industry’s unusual market structure is one reason ETFs have remained relevant. Many of the largest U.S. cannabis companies are MSOs that operate in state-legal can...
Those plumbing the market's depths for robust growth opportunities arising from President Donald Trump's commitment to shoring up the nation's supply of critical minerals are surely familiar with deep-sea mining specialist The Metals Company (NASDAQ: TMC) . Although The Metals Company, the presumable leader in deep-sea mining, receives the lion's share of investors' attention, another company may ...
Those plumbing the market's depths for robust growth opportunities arising from President Donald Trump's commitment to shoring up the nation's supply of critical minerals are surely familiar with deep-sea mining specialist The Metals Company (NASDAQ: TMC) . Although The Metals Company, the presumable leader in deep-sea mining, receives the lion's share of investors' attention, another company may soon eclipse it. Here's why. Image source: Getty Images. Continue reading
EU Parliament Pushes Funding Cuts To Orbán-Founded Patriots Group As Witch-Hunt Continues Via Remix News, The European Parliament will vote today on suspending EU funding for the right-wing Patriots for Europe faction, founded by outgoing Hungarian Prime Minister Viktor Orbán. At stake is the alleged mismanagement of €4.3 million of EU funds by Philip Claeys, the former secretary general of the fa...
EU Parliament Pushes Funding Cuts To Orbán-Founded Patriots Group As Witch-Hunt Continues Via Remix News, The European Parliament will vote today on suspending EU funding for the right-wing Patriots for Europe faction, founded by outgoing Hungarian Prime Minister Viktor Orbán. At stake is the alleged mismanagement of €4.3 million of EU funds by Philip Claeys, the former secretary general of the far-right Identity and Democracy (ID) group, who now holds the same post for the Patriots for Europe grouping. One vocal critic of the lack of action by Brussels in the case, according to Euractiv , has been Nick Aiossa, director of Transparency International. To remind readers, Soros-backed Transparency International has long attacked Hungary for various alleged violations. Last February, it notoriously ranked the CEE country at the same level as Burkina Faso and South Africa in its 2024 corruption index. “Considering the seriousness and scale of the irregularities identified, and given that the expenditures in question were authorised and validated under the authority of Mr Claeys, the initiation of a complementary investigation by OLAF appears both necessary and proportionate,” Transparency International stated. The funds are implicated in various accusations of misuse, including “fictitious service contracts, improper procurement procedures and donations to non-parliamentary groups with ties to far-right figureheads, such as France’s Marine Le Pen,” notes Euractiv. Le Pen was a major target of Brussels as well, with her rising popularity seen as a threat ahead of critical presidential elections in France next year. Her party, National Rally, also joined the Patriots for Europe group. She was, however, banned from running for office in France after being convicted for misappropriating over €4 million in European Parliament funds, a charge she continues to deny and blames on a witch hunt against anti-migration, conservative voices. Le Pen has appealed the ruling. Transparen...
Market Snapshot S&P 500 futures 7,254.00 +0.1% Nasdaq 100 futures 27,578.25 -0.1% Dollar-yen ¥156.53 -0.0% WTI crude oil futures $105.48 +0.4% US 10-year Treasury yield 4.38% +0.01 Market data as of 06:29 AM ET. Data is subject to provider delays. Five things you need to know Apple delivered a surprisingly strong revenue forecast. It warned, however, of higher memory-chip costs and persistent Mac ...
Market Snapshot S&P 500 futures 7,254.00 +0.1% Nasdaq 100 futures 27,578.25 -0.1% Dollar-yen ¥156.53 -0.0% WTI crude oil futures $105.48 +0.4% US 10-year Treasury yield 4.38% +0.01 Market data as of 06:29 AM ET. Data is subject to provider delays. Five things you need to know Apple delivered a surprisingly strong revenue forecast. It warned, however, of higher memory-chip costs and persistent Mac computer shortages. The shares are up 2.8% in early trading. S&P Dow Jones Indices has launched a consultation that could speed up the entry of mega cap companies seeking to IPO into its indexes. One example: SpaceX could land on the S&P 500 in six months instead of 12. US equity futures were steady, suggesting a pause in the rally after the best month for stocks since late 2020. The yen resumed gains triggered by government intervention in currency markets (more on that below). Brent traded near $112 a barrel as Donald Trump said he was sticking with a naval blockade of Iranian ports. West Texas Intermediate is up 12% this week. OpenAI Chief Financial Officer Sarah Friar, rebutting concerns about missing internal targets, said the company is meeting objectives and sees “a vertical wall of demand” for its products. Given increased pricing for a Fed rate hike and the FOMC dissents, where will the 10-year Treasury yield end the year? Take the latest Markets Pulse survey . Japan takes action After a “final” warning to investors, Japan is intervening in the foreign-exchange market for the first time since 2024. The latest: The yen strengthened as much as 0.7% to 155.5 to the dollar, passing the level reached during Thursday’s 3% surge when the government moved to buy yen and sell dollars. The yen’s slide over the past decade or so has helped transform Japan into an affordable travel destination for millions of foreign tourists and boosted the profits of the nation’s biggest exporters. But in an economy heavily dependent on imported energy and raw materials, the feeble yen has a...
Meta Platforms Inc. is ramping up its artificial intelligence (AI) investment plans as executives signal that the company's demand for computing power continues to exceed internal expectations. AI Infrastructure Push Accelerates Amid Rising Costs On Wednesday, during the company's first-quarter earnings call, CEO Mark Zuckerberg said the company is increasing its infrastructure capital expenditure...
Meta Platforms Inc. is ramping up its artificial intelligence (AI) investment plans as executives signal that the company's demand for computing power continues to exceed internal expectations. AI Infrastructure Push Accelerates Amid Rising Costs On Wednesday, during the company's first-quarter earnings call, CEO Mark Zuckerberg said the company is increasing its infrastructure capital expenditure forecast for the year, citing higher component costs, particularly in memory pricing. He added that
To Wall Street, Oracle Corp. is a screaming buy. To many investors, however, the company’s relationship with OpenAI, its sizable debt load and the durability of its software business have made owning the stock a risk. Oracle shares are on a six-session losing streak in which they’ve lost 14%, their worst stretch in months. Despite an April rally , the stock is down more than 50% since hitting a hi...
To Wall Street, Oracle Corp. is a screaming buy. To many investors, however, the company’s relationship with OpenAI, its sizable debt load and the durability of its software business have made owning the stock a risk. Oracle shares are on a six-session losing streak in which they’ve lost 14%, their worst stretch in months. Despite an April rally , the stock is down more than 50% since hitting a high in September. The latest move is centered around OpenAI, which is facing questions about its ability to meet the hundreds of billions of dollars it’s committed to spend on developing artificial intelligence technology. The ChatGPT owner missed its latest sales and user targets, according to a Tuesday report , and Oracle shares sank 4.1% in that session. But Wall Street pros argue that the market is wrongly focused on the noise coming from OpenAI and failing to recognize Oracle’s growth potential as Big Tech builds out the infrastructure to power AI. “We don’t see meaningful negative impact or any negative impact from the OpenAI news. We think it’s kind of overdone,” said Michael Monaghan , portfolio manager at Founder ETFs, which owns Oracle shares. What’s not understood by some investors is “what a major disruptor they’ll be in AI infrastructure. We think that they’re attacking the boring but highly profitable layer of the AI stack.” Read More: OpenAI-Linked Stocks Slump on Report It Missed Key Targets Of the 51 Wall Street analysts tracked by Bloomberg who follow Oracle, 41 have buy ratings on the stock and only one rates it a sell. The consensus price target for the shares is about $240. Based on its Thursday closing price of around $161, that implies a 49% rise over the next 12 months, one of the highest projected upsides among Oracle’s large-cap tech peers. However, questions about Oracle’s growth remain. The stock hit its previous record on the strength of an aggressive outlook for its cloud business , which was partially based on a deal with OpenAI said to be wort...
vadishzainer Stock index futures were muted as Wall Street looked to kick off the month of May on an optimistic note. Now, here are 5 news stories that broke overnight to watch out for: Meta shifts spending toward AI, signals more layoffs possible: Meta ( META ) CEO Mark Zuckerberg said the company’s planned job cuts stem from increased capital spending for artificial intelligence and did not rule...
vadishzainer Stock index futures were muted as Wall Street looked to kick off the month of May on an optimistic note. Now, here are 5 news stories that broke overnight to watch out for: Meta shifts spending toward AI, signals more layoffs possible: Meta ( META ) CEO Mark Zuckerberg said the company’s planned job cuts stem from increased capital spending for artificial intelligence and did not rule out further layoffs, Reuters reported. “We basically have two major cost centers in the company: compute infrastructure and people-oriented things,” he said during a town hall on Thursday. “If we’re investing more in one area to serve our community, then that means we have less capital to allocate to the other.” Blue Owl crystalizes tenfold return on SpaceX stake: Blue Owl Capital ( OWL ) co-CEO Marc Lipschultz said the company has sold about half of its stake in SpaceX ( SPACE ) at a $1.25T valuation, realizing roughly a tenfold return. “We made about 10x our money,” Lipschultz said on an earnings call, noting the firm still holds about half of its position. Blue Owl was among SpaceX’s earliest lenders and later converted its exposure into an equity investment. Trump maintains Iran naval blockade amid oil price surge: The U.S. and Iran continue to lock horns in a prolonged standoff, with President Donald Trump reaffirming his commitment to a naval blockade of Iranian ports despite surging oil prices and global economic concerns. Trump said the blockade is effectively “choking” Iran’s economy and signaled it would remain in place until Tehran agrees to curb its nuclear program. “Their economy is crashing; the blockade is incredible,” Trump told reporters at the White House. Trump signs executive order to expand retirement savings access: President Donald Trump signed an executive order on Thursday to create a government website allowing people in the U.S. to find and compare private-sector retirement savings plans. The aim is to help more Americans sign on for retirement p...