With an eye on elections in 2027, Italy’s PM has made tactful pivot away from US president Six months ago, Italy’s far-right prime minister, Giorgia Meloni, stood surrounded by men on a stage in Sharm el-Sheikh, where world leaders had gathered to discuss the Gaza peace deal. In front of her, Donald Trump showered praise and insults on the assembled leaders, before describing Meloni as a “beautifu...
With an eye on elections in 2027, Italy’s PM has made tactful pivot away from US president Six months ago, Italy’s far-right prime minister, Giorgia Meloni, stood surrounded by men on a stage in Sharm el-Sheikh, where world leaders had gathered to discuss the Gaza peace deal. In front of her, Donald Trump showered praise and insults on the assembled leaders, before describing Meloni as a “beautiful young woman” . Turning towards her, he added: “You don’t mind being called beautiful, right? Because you are. Thank you very much for coming.” Continue reading...
Sundry Photography Wipro ( WIT ) fourth quarter gross revenue rose about 7.7% year-over-year to ₹242.4B (about $2.58B) but missed estimates. Shares of Wipro dipped nearly 2% premarket on Thursday. GAAP EPS fell 2.1% year-over-year to $0.04 but was in line with analysts' expectations. “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to...
Sundry Photography Wipro ( WIT ) fourth quarter gross revenue rose about 7.7% year-over-year to ₹242.4B (about $2.58B) but missed estimates. Shares of Wipro dipped nearly 2% premarket on Thursday. GAAP EPS fell 2.1% year-over-year to $0.04 but was in line with analysts' expectations. “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale," said Srini Pallia, CEO and managing director of Wipro. The company said IT services segment revenue climbed about 2.1% year-over-year to $2.65B. Wipro added that total bookings were about $3.46B, up by 3.2% quarter-over-quarter in constant currency. Large deal bookings were $1.44B, an increase of 65.1% quarter-over-quarter in constant currency. Wipro said its board approved a stock buyback of up to ₹150B (about $1.6B) at a price of ₹250 ($2.661) per equity share, in accordance with the Securities and Exchange Board of India. Outlook Wipro said it expects revenue from its IT Services business segment to be in the range of about $2.597B to $2.651B. This translates to sequential guidance of -2% to 0% in constant currencyterms. Related stocks: Infosys' ( INFY ) stock was largely flat, while Accenture ( ACN ) rose around 1% premarket on Thursday. More on Wipro Wipro Has More Growth Challenges As Transition To GenAI Platform Continues Wipro Limited 2026 Q3 - Results - Earnings Call Presentation Wipro Limited 2026 Q3 - Results - Earnings Call Presentation Wipro GAAP EPS of $0.04 in-line, revenue of $2.58B misses by $70M Wipro Q4 2026 Earnings Preview
Jon Tetzlaff Boeing ( BA ) is stepping up hiring, bringing on roughly 100 to 140 factory workers each week, its fastest pace since 2024, as it replaces retiring employees and prepares for higher production levels. Union officials say the company’s Pacific Northwest workforce has surpassed 34,000 and continues to grow, reflecting demand tied to expanded assembly lines and upcoming aircraft programs...
Jon Tetzlaff Boeing ( BA ) is stepping up hiring, bringing on roughly 100 to 140 factory workers each week, its fastest pace since 2024, as it replaces retiring employees and prepares for higher production levels. Union officials say the company’s Pacific Northwest workforce has surpassed 34,000 and continues to grow, reflecting demand tied to expanded assembly lines and upcoming aircraft programs, Reuters reported Thursday. A new Seattle-area production line for the 737 MAX, along with ongoing work tied to the 777X, is driving the need for additional labor across manufacturing, logistics and support roles. The hiring push comes as aerospace employment in Washington state rebounds, rising from about 79,000 jobs last summer to more than 81,000 early this year. Industrywide, companies are adding staff to meet airline demand for more efficient aircraft, as well as growth in defense and space programs. At the same time, the sector continues to face a shortage of skilled workers, a challenge that has persisted since the post-pandemic recovery. Training pipelines remain tight, with fewer certified mechanics entering the workforce than needed, prompting companies to expand apprenticeship programs and recruit from adjacent industries. Boeing ( BA ) has begun scaling its own apprenticeship efforts beyond prior targets, particularly for specialized skills such as composite repair. While hiring remains below the surge seen immediately after the pandemic, union leaders describe the current pace as a steadier, more sustainable build, one that depends heavily on continued airline demand and broader economic conditions, Reuters reported. More on Boeing Boeing's Shaping Up, But It's Too Early To Hop On Board Boeing Vs. Airbus: The Iran War Shock And The Production Reality Boeing: The Triple Blow U.S. Army awards Boeing $324M contract for more Chinook helicopters U.K. awards $1.2B helicopter support contract to Boeing
FEATURE Tesla stock looks all-but-certain to end its eight-week losing streak—in some style. Next up, earnings. Shares of the electric vehicle maker rose 0.8% to $394.91 in premarket trading, while and futures were both 0.
FEATURE Tesla stock looks all-but-certain to end its eight-week losing streak—in some style. Next up, earnings. Shares of the electric vehicle maker rose 0.8% to $394.91 in premarket trading, while and futures were both 0.
Pakistan said it expected to host a second round of US-Iran negotiations to end the war, but did not say when or where the meetings would take place. (Image credit: AFP via Getty Images)
Pakistan said it expected to host a second round of US-Iran negotiations to end the war, but did not say when or where the meetings would take place. (Image credit: AFP via Getty Images)
From Trucks To Tanks: Pentagon Looks To Automakers To Rebuild America's Arsenal With two active conflict areas in Eurasia - the Russia-Ukraine conflict in Eastern Europe and the U.S.-Iran theater in the Gulf - the world is moving deeper into a war cycle. The latest indicator is not only that militaries around the world are beginning to stockpile one-way attack drones, but also the early-stage push...
From Trucks To Tanks: Pentagon Looks To Automakers To Rebuild America's Arsenal With two active conflict areas in Eurasia - the Russia-Ukraine conflict in Eastern Europe and the U.S.-Iran theater in the Gulf - the world is moving deeper into a war cycle. The latest indicator is not only that militaries around the world are beginning to stockpile one-way attack drones, but also the early-stage push to convert underused civilian industrial capacity, including struggling auto production lines, into wartime manufacturing hubs. The Wall Street Journal is out with a new report that describes just that, noting that the Trump administration is exploring whether U.S. manufacturers, including GM, Ford, GE Aerospace, and Oshkosh, can convert civilian industrial capacity into weapons production as conflicts across Eurasia drag on and deplete critical weapons stockpiles. The effort to boost the war economy is part of what Defense Secretary Pete Hegseth has described as putting the defense industrial base on a "wartime footing." A Department of War official said the agency "is committed to rapidly expanding the defense industrial base by leveraging all available commercial solutions and technologies to ensure that our warfighters maintain a decisive advantage." Senior defense officials told the outlet that Mary Barra of General Motors and Jim Farley of Ford Motor have been briefed on converting auto production lines into weapons manufacturing facilities. The report did not provide details on what types of weapons could be produced in the factories or on the downtime required to convert those lines. Those officials said GE Aerospace and vehicle and machinery maker Oshkosh were among other manufacturers briefed. The historical precedent is that America converted its automotive base during World War II to produce record numbers of main battle tanks, bombers, and fighter planes to win the war. Let's not forget that GM and Ford both repurposed production lines during the Covid pandemi...
(RTTNews) - U.K. stocks are firmly placed in positive territory a little past noon on Thursday amid optimism about U.S. and Iran agreeing on a peace deal later this week.
(RTTNews) - U.K. stocks are firmly placed in positive territory a little past noon on Thursday amid optimism about U.S. and Iran agreeing on a peace deal later this week.
Europe has “maybe 6 weeks or so [of] jet fuel left”, the head of the International Energy Agency said on Thursday in a wide-ranging interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. IEA executive director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced”, stemm...
Europe has “maybe 6 weeks or so [of] jet fuel left”, the head of the International Energy Agency said on Thursday in a wide-ranging interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. IEA executive director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced”, stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz. “In the...
ASML and TSMC just handed the AI bull case its strongest validation yet, reporting results and guidance that confirm hyperscaler infrastructure spending is accelerating, not cooling. For anyone still wondering whether the AI buildout has legs, the answer from the supply chain is a loud yes. The numbers from the chip ecosystem’s two most critical ... ASML and TSMC Just Told the Market AI Spending I...
ASML and TSMC just handed the AI bull case its strongest validation yet, reporting results and guidance that confirm hyperscaler infrastructure spending is accelerating, not cooling. For anyone still wondering whether the AI buildout has legs, the answer from the supply chain is a loud yes. The numbers from the chip ecosystem’s two most critical ... ASML and TSMC Just Told the Market AI Spending Isn’t Slowing Down
Robert McNally, founder and president at Rapidan Energy Group, is “cautiously optimistic” on getting to a better outcome for oil flows through the Strait of Hormuz. (Source: Bloomberg)
Robert McNally, founder and president at Rapidan Energy Group, is “cautiously optimistic” on getting to a better outcome for oil flows through the Strait of Hormuz. (Source: Bloomberg)
hapabapa/iStock Editorial via Getty Images KeyCorp ( KEY ) stock was trading lower even as first-quarter earnings exceeded analyst estimates as net interest margin fell short of consensus. Shares were down 1.44% to $21.26 during Thursday's pre-market trading. Q1 GAAP EPS of $0.44, beats consensus by $0.03. Revenue of $1.95B (+10.2% Y/Y) beats by $10M. Segment-wise, Consumer Bank reported a revenue...
hapabapa/iStock Editorial via Getty Images KeyCorp ( KEY ) stock was trading lower even as first-quarter earnings exceeded analyst estimates as net interest margin fell short of consensus. Shares were down 1.44% to $21.26 during Thursday's pre-market trading. Q1 GAAP EPS of $0.44, beats consensus by $0.03. Revenue of $1.95B (+10.2% Y/Y) beats by $10M. Segment-wise, Consumer Bank reported a revenue of $978M, up 4.9% from the same period a year ago. Commercial Bank saw a 6.7% rise to $1.12B, while other segments saw their total revenue loss decrease to $142M from $206M. Net interest income increased to $1.23B from $1.11B a year ago. The Q1 metric was modestly above the consensus of $1.22B. Noninterest income increased to $723M from $668M, but fell short of the consensus of $739.75M. Meanwhile, net interest margin of 2.87% fell short of the average analyst estimate of 2.90%. Provision for credit losses was recorded at $106M, below the S&P Cap IQ consensus estimate of $109.57. As of March 31, the Cleveland, Ohio-based bank's nonperforming loans totaled $682M, representing 0.62% of period-end portfolio loans. The figure compares to 0.65% at March 31, 2025, and 0.58% at December 31, 2025 The common equity Tier 1 ratio as of March 31 stood at 11.4%. Earnings call is scheduled for 10:00 AM ET today. More on KeyCorp KeyCorp Turns The Key On Loan Growth And An Increased Stake From Scotiabank KeyCorp (KEY) Presents at Bank of America Financial Services Conference 2026 Transcript KeyCorp (KEY) Presents at UBS Financial Services Conference 2026 KeyCorp Non-GAAP EPS of $0.44 beats by $0.03, revenue of $1.95B beats by $10M Scotiabank looks to hike KeyCorp stake - report