Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings Business live – latest updates Big US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran. Wall Street’s largest lenders have reported a jump in first-quarter earning...
Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings Business live – latest updates Big US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran. Wall Street’s largest lenders have reported a jump in first-quarter earnings, reflecting the surge in demand for trading services as investors dumped risky stocks and bonds and sought safer havens for their cash. Continue reading...
For the fourth day in a row, IonQ (NYSE: IONQ) stock is flying. Shares of the biggest name in quantum computing systems (IonQ is worth more than $13 billion, nearly as much as Rigetti Computing (NASDAQ: RGTI) , D-Wave Quantum (NYSE: QBTS) , and Quantum Computing (NASDAQ: QUBT) combined ) soared 16.2% through 10:50 a.m. ET Wednesday on a slew of good news. Image source: Getty Images. Continue readi...
For the fourth day in a row, IonQ (NYSE: IONQ) stock is flying. Shares of the biggest name in quantum computing systems (IonQ is worth more than $13 billion, nearly as much as Rigetti Computing (NASDAQ: RGTI) , D-Wave Quantum (NYSE: QBTS) , and Quantum Computing (NASDAQ: QUBT) combined ) soared 16.2% through 10:50 a.m. ET Wednesday on a slew of good news. Image source: Getty Images. Continue reading
Appointment of Roelf Meyer seen as attempt to improve relations amid false US accusations of ‘white genocide’ South Africa has appointed a former apartheid government chief negotiator during the talks that ended white rule in the 1990s as ambassador to the US, in what is seen as an attempt to improve the deeply strained diplomatic relationship between the two countries. Roelf Meyer replaces Ebrahi...
Appointment of Roelf Meyer seen as attempt to improve relations amid false US accusations of ‘white genocide’ South Africa has appointed a former apartheid government chief negotiator during the talks that ended white rule in the 1990s as ambassador to the US, in what is seen as an attempt to improve the deeply strained diplomatic relationship between the two countries. Roelf Meyer replaces Ebrahim Rasool, who was expelled in March 2025 after he criticised the Trump administration. Continue reading...
Mark Mahaney, Evercore ISI’s head of internet research, is warning investors to expect a muted second quarter from big tech companies as advertising budgets face cuts amid economic uncertainty. In an interview with CNBC, Mahaney said his channel checks show that Q2 budgets are “starting to get cut,” creating headwinds for companies that rely heavily on advertising revenue. “It’s going to be a prob...
Mark Mahaney, Evercore ISI’s head of internet research, is warning investors to expect a muted second quarter from big tech companies as advertising budgets face cuts amid economic uncertainty. In an interview with CNBC, Mahaney said his channel checks show that Q2 budgets are “starting to get cut,” creating headwinds for companies that rely heavily on advertising revenue. “It’s going to be a problem for companies with exposure to brand advertising and maybe to performance marketing,” Mahaney said. The analyst compared the current environment to the pullback seen three years ago following Russia’s invasion of Ukraine, when ad budgets were trimmed for a quarter or two. He noted that brand advertising typically gets cut first when companies pull back on spending. Despite the near-term caution, Mahaney identified Amazon ( AMZN ) and Meta Platforms ( META ) as what he calls “dislocated high quality” assets that are currently trading near trough multiples. These two companies have become top picks for the analyst because of their attractive valuations. “When you find these high-quality assets that get dislocated, the narrative can turn,” he said. Mahaney remains particularly bullish on AI initiatives at these companies, pointing to a significant narrative shift around Amazon ( AMZN ). “Amazon, I think, is the Google of 2026,” he said, noting that the company may no longer be viewed as an AI laggard following revelations about its internal chip training capabilities. The stock has already rallied 20% on what he calls the “mythos rally.” The analyst acknowledged that tech companies have shifted from capital-light businesses to more capital-intensive models—what he describes as the “industrialization of tech.” However, he believes this is a typical investment cycle rather than a permanent change, predicting that CapEx intensity will eventually moderate. “I think the opportunity is just dramatically bigger… I think you’re going to get back to high ROIC businesses,” Mahaney s...
Tesla Inc. CEO Elon Musk hit back at critics on Monday as the EV giant outsold all of its rivals in the U.S. domestic market during the first quarter of 2026. Tesla’s Q1 U.S. Sales In a post on the social media platform X on Monday, influencer Sawyer Merritt shared sales figures for almost all EVs available in the U.S. market, citing Cox Automotive data. The post shared how Tesla’s Model Y and Mod...
Tesla Inc. CEO Elon Musk hit back at critics on Monday as the EV giant outsold all of its rivals in the U.S. domestic market during the first quarter of 2026. Tesla’s Q1 U.S. Sales In a post on the social media platform X on Monday, influencer Sawyer Merritt shared sales figures for almost all EVs available in the U.S. market, citing Cox Automotive data. The post shared how Tesla’s Model Y and Model 3 remained at the top of the sales charts with over 101,000 sales combined in the first quarter.
Visualization shows how DESI built its 3D map of the Universe. Earth is at the center of the wedges, and every point is a galaxy. Credit: DESI/KPNO/NOIRLab/NSF/AURA/R. Proctor In a significant milestone, the Dark Energy Spectroscopic Instrument (DESI) has completed its 3D map of the Universe—the highest resolution of any such map yet achieved—on schedule and with more data than expected, the colla...
Visualization shows how DESI built its 3D map of the Universe. Earth is at the center of the wedges, and every point is a galaxy. Credit: DESI/KPNO/NOIRLab/NSF/AURA/R. Proctor In a significant milestone, the Dark Energy Spectroscopic Instrument (DESI) has completed its 3D map of the Universe—the highest resolution of any such map yet achieved—on schedule and with more data than expected, the collaboration announced today . Analyses of DESI data from earlier runs have already produced exciting hints of new physics—namely that the Universe's dark energy, rather than being constant, might vary over time. The latest data must still be analyzed but could help definitively confirm or disprove those hints within the next couple of years. "DESI's five-year survey has been spectacularly successful," DESI director Michael Levi of Berkeley Lab said. "The instrument performed better than anticipated. The results have been incredibly exciting. And the size and scope of the map and how quickly we've been able to execute is phenomenal. We're going to celebrate completion of the original survey and then get started on the work of churning through the data, because we're all curious about what new surprises are waiting for us." As previously reported , Albert Einstein’s cosmological constant (lambda) implied the existence of a repulsive form of gravity. (For a more in-depth discussion of the history of the cosmological constant and its significance for dark energy, see our 2024 story .) Quantum physics holds that even the emptiest vacuum is teeming with energy in the form of “virtual” particles that wink in and out of existence, flying apart and coming together in an intricate quantum dance. This roiling sea of virtual particles could give rise to dark energy, giving the Universe a little extra push so that it can continue accelerating. The problem is that the quantum vacuum contains too much energy: roughly 10 120 times too much. Read full article Comments