Trump-endorsed candidate facing a long-shot challenge from car designer and YouTube provocateur Casey Putsch Voters in Ohio on Tuesday are selecting candidates ahead of November’s midterm elections. The state is expected to play a major role in deciding whether Donald Trump’s fellow Republicans maintain control of Congress for the final two years of his term. The race with the highest national pro...
Trump-endorsed candidate facing a long-shot challenge from car designer and YouTube provocateur Casey Putsch Voters in Ohio on Tuesday are selecting candidates ahead of November’s midterm elections. The state is expected to play a major role in deciding whether Donald Trump’s fellow Republicans maintain control of Congress for the final two years of his term. The race with the highest national profile is Ohio’s Senate special election, in which Sherrod Brown, a Democrat, is vying to unseat the Republican incumbent, Jon Husted, and return to the chamber after failing to win re-election in 2024. The winner will serve the final two years of the term JD Vance won in 2022, before he became vice-president last year. Donald Trump has threatened that Iran will be “blown off the face of the earth” if it attacks US vessels trying to reopen a route through the strait of Hormuz . The US launched an operation to help hundreds of ships trapped with their crews in the Gulf, dragging the region back to the brink of full-scale war. While the US military claimed to have destroyed six Iranian small boats and intercepted both Iranian cruise missiles and drones, this was denied by Iran. More here . The Trump administration moved to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change . The justice department, the administration’s law enforcement arm, filed an action in federal court in Minneapolis arguing that the federal government has the authority to regulate greenhouse gas emissions, not states, and that Minnesota officials are trying to improperly impose their policy preferences on the rest of the country. The US supreme court went out of its way to help Louisiana Republicans redraw their congressional maps ahead of this year’s midterm elections. The procedural move comes less than a week after the court’s landmark decision striking down Louisiana’s congressional map and gutti...
US equity futures rebound and oil eases as the US-Iran ceasefire holds after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates. In a Bloomberg scoop, Apple has held preliminary talks about enlisting Intel and Samsung to produce the main processors for its devices in the US. Henrietta Pacquement of Allspring Global Investment sees gradu...
US equity futures rebound and oil eases as the US-Iran ceasefire holds after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates. In a Bloomberg scoop, Apple has held preliminary talks about enlisting Intel and Samsung to produce the main processors for its devices in the US. Henrietta Pacquement of Allspring Global Investment sees gradual softening in the labor market. (Source: Bloomberg)
Erste Group Bank AG is working on a significant risk transfer tied to commercial real estate loans in Austria as regulators push lenders to bolster their capital buffers against potential defaults in the sector. The Vienna-based bank is talking to investors about an SRT linked to almost €4 billion ($4.7 billion) of loans, according to people familiar with the matter who asked not to be identified ...
Erste Group Bank AG is working on a significant risk transfer tied to commercial real estate loans in Austria as regulators push lenders to bolster their capital buffers against potential defaults in the sector. The Vienna-based bank is talking to investors about an SRT linked to almost €4 billion ($4.7 billion) of loans, according to people familiar with the matter who asked not to be identified because the discussions are private. The terms of the potential transaction could change as the sale proceeds, the people said. Austria’s Financial Market Stability Board is increasing the amount of additional capital lenders must hold for commercial real estate to 3.5% of their exposure from 1%. The regulator introduced the tougher extra reserve requirement – to be phased-in by the middle of 2027 – as the share of non-performing CRE loans at Austrian banks rose to 8.3% at the end of 2025, up from 6.3% a year earlier. Banks Turn to SRTs to Hedge Rising Commercial Real Estate Risks Credit risk in commercial real estate has been rising as higher inflation pushes up financing costs, compounding structural challenges facing the sector. In Austria, commercial housing developers in particular have faced financial strains; their ratio of non-performing loans had risen to 14% by the end of January. SRTs allow banks to gain capital relief by offloading a share of the default risk onto investors, meaning they have to keep less cash tied up in reserve to meet regulatory requirements. Investors are attracted by coupons that can exceed 10% based on current benchmark interest rates. Erste’s planned SRT is expected to cover nearly 7% of the loan portfolio, and the deal could be completed in the coming months, the people said. A representative for Erste declined to comment on ongoing transactions. The bank’s non-performing loan ratio for commercial real estate credit is “significantly below” the market average in Austria, he said, declining to give an exact number as the data is not public...
Russian attack on gas facility in Poltava region kills three energy firm employees and two emergency service workers Volodymyr Zelenskyy has accused the Kremlin of “utter cynicism” for killing five people in overnight strikes at the same time as seeking a truce so it can stage a military parade in Moscow. Three employees of the state energy firm Naftogaz were killed in an initial attack on a gas f...
Russian attack on gas facility in Poltava region kills three energy firm employees and two emergency service workers Volodymyr Zelenskyy has accused the Kremlin of “utter cynicism” for killing five people in overnight strikes at the same time as seeking a truce so it can stage a military parade in Moscow. Three employees of the state energy firm Naftogaz were killed in an initial attack on a gas facility in Ukraine’s central Poltava region, and two emergency service workers died at the scene in a follow-on bombing. Thirty-seven people were injured in the strikes. Continue reading...
DigitalOcean press release ( DOCN ): Q1 Non-GAAP EPS of $0.44 beats by $0.18 . Revenue of $258M (+22.3% Y/Y) beats by $8.24M . DigitalOcean is initiating guidance for the second quarter ending June 30, 2026 as follows: Total revenue of $272 to $274 million, up 24% to 25% year-over-year. (vs. consensus of $ 260.95M ) Adjusted EBITDA margin of 37% to 38%. Non-GAAP diluted net income per share of $0....
DigitalOcean press release ( DOCN ): Q1 Non-GAAP EPS of $0.44 beats by $0.18 . Revenue of $258M (+22.3% Y/Y) beats by $8.24M . DigitalOcean is initiating guidance for the second quarter ending June 30, 2026 as follows: Total revenue of $272 to $274 million, up 24% to 25% year-over-year. (vs. consensus of $ 260.95M ) Adjusted EBITDA margin of 37% to 38%. Non-GAAP diluted net income per share of $0.20 to $0.23. (vs. consensus of $0.23 ) Fully diluted weighted average shares outstanding of approximately 121 to 122 million shares. For the full year 2026, we expect: Total revenue of $1.130 to $1.145 billion, up 25% to 27% year-over-year. (vs. consensus of $ 1.10B ) Adjusted EBITDA margin of 37% to 39%. Adjusted free cash flow margin in the range of 9% to 12% of revenue. Non-GAAP diluted net income per share of $1.10 to $1.20. (vs. consensus of $0.99 ) Fully diluted weighted average shares outstanding of approximately 118 to 119 million shares. More on DigitalOcean DigitalOcean Holdings, Inc. (DOCN) Presents at Citigroup's Annual AI Summit 2026 Transcript DigitalOcean: The Inference Cloud Thesis Has Still Not Been Priced In DigitalOcean: The Profitable Alternative In The AI Infrastructure Space DigitalOcean Q1 2026 Earnings Preview Digital Ocean, Klaviyo and Paycom are Barclays' favorite software stocks going into Q1
Shopify Inc press release ( SHOP ): Q1 Revenue of $3.17B (+34.3% Y/Y) beats by $80M . For the second quarter of 2026, we expect: Revenue to grow at a high-twenties percentage rate on a year-over-year basis vs. estimated growth of 26.75% Y/Y; Gross profit dollars to grow at a mid-twenties percentage rate on a year-over-year basis; Operating expenses as a percentage of revenue to be 35% to 36%; Stoc...
Shopify Inc press release ( SHOP ): Q1 Revenue of $3.17B (+34.3% Y/Y) beats by $80M . For the second quarter of 2026, we expect: Revenue to grow at a high-twenties percentage rate on a year-over-year basis vs. estimated growth of 26.75% Y/Y; Gross profit dollars to grow at a mid-twenties percentage rate on a year-over-year basis; Operating expenses as a percentage of revenue to be 35% to 36%; Stock-based compensation to be $145 million; and Free cash flow margin to be in the mid-teens. More on Shopify Inc Shopify Preview: Expensive, But Not Overhyped Ahead Of Q1 Shopify's Next Leg Isn't Valuation - It's AI-Driven Commerce (Double Rating Upgrade) Shopify: Highly AI-Resistant, 'Buy' The Dip Shopify Q1 preview: AI initiatives and GMV growth take center stage Nasdaq hits record high after Iran opens Strait of Hormuz
SPOKANE, Wash., May 05, 2026 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) today reported net income based on GAAP of $92 million, or $1.11 per diluted share, for the first quarter of 2026, compared to $79 million, or $0.98 per diluted share, in 2025. Non-GAAP utility earnings 1 were $91 million, or $1.10 per diluted share, compared to $82 million, or $1.01 per diluted share in 2025. Avista Corp....
SPOKANE, Wash., May 05, 2026 (GLOBE NEWSWIRE) -- Avista Corp. ( NYSE: AVA ) today reported net income based on GAAP of $92 million, or $1.11 per diluted share, for the first quarter of 2026, compared to $79 million, or $0.98 per diluted share, in 2025. Non-GAAP utility earnings 1 were $91 million, or $1.10 per diluted share, compared to $82 million, or $1.01 per diluted share in 2025. Avista Corp. is confirming its 2026 non-GAAP utility earnings guidance 2 with a range of $2.52 to $2.72 per diluted share.
Hiroshi Watanabe/DigitalVision via Getty Images We're following up on a question we first asked a little over a month ago: Which market event is bigger: the DeepSeek AI Shock or the Iran War event? Here's where the S&P 500 ( SPX ) was at the time we asked the question: The United States initiated Operation Epic Fury against the Islamic Republic of Iran on Saturday, 28 February 2026. The S&P 500 ( ...
Hiroshi Watanabe/DigitalVision via Getty Images We're following up on a question we first asked a little over a month ago: Which market event is bigger: the DeepSeek AI Shock or the Iran War event? Here's where the S&P 500 ( SPX ) was at the time we asked the question: The United States initiated Operation Epic Fury against the Islamic Republic of Iran on Saturday, 28 February 2026. The S&P 500 ( SPX ) had closed its trading week the day before, ending at a value of 6,878.88 . Through the close of trading on 30 March 2026 the index has dropped 535.16 points, or about 7.8% of its pre-geopolitical event level. As major events go in the U.S. stock market, at this point in time, the impact of the Iran war is a little smaller in magnitude than 2025's DeepSeek AI shock that sent the S&P 500 crashing between 19 February 2025 and 13 March 2025. A little over a month later, we now have a definitive answer. The DeepSeek AI Shock was the bigger market-shaking event. That's because 30 March 2026 turned out to be the bottom of the Iran War geopolitical event as measured by stock prices. The S&P 500 has since proceeded to charge higher, reaching new record highs . It has even regained its relative position above its current long-running trend with respect to its underlying trailing year dividends per share, as can be seen in the following chart : When we asked the question after the close of trading on 30 March 2026, it looked like the Iran War geopolitical event could become larger in magnitude than the DeepSeek AI Shock. But as we can now show, it did not. The Iran War event is smaller in magnitude than the DeepSeek AI Shock. And it is much smaller in its impact than the combination one-two punch of 2025's DeepSeek AI shock and the "Liberation Day" global tariff event . Maybe we should have proposed the question to one of the prediction markets so readers could have wagered on the potential outcome. Original Post Editor's Note: The summary bullets for this article were chosen b...
PayPal press release ( PYPL ): Q1 Non-GAAP EPS of $1.34 beats by $0.07 . Revenue of $8.4B (+7% Y/Y) beats by $340M . Transaction margin dollar (“TM$”) increased 3% to $3.8 billion; TM$ excluding interest on customer balances increased 3% to $3.5 billion. 1Q'26 Operating Results• Total payment volume (“TPV”) increased 11% to $464.0 billion; 8% FXN.• Payment transactions increased 7% to 6.5 billion....
PayPal press release ( PYPL ): Q1 Non-GAAP EPS of $1.34 beats by $0.07 . Revenue of $8.4B (+7% Y/Y) beats by $340M . Transaction margin dollar (“TM$”) increased 3% to $3.8 billion; TM$ excluding interest on customer balances increased 3% to $3.5 billion. 1Q'26 Operating Results• Total payment volume (“TPV”) increased 11% to $464.0 billion; 8% FXN.• Payment transactions increased 7% to 6.5 billion. Excluding payment service provider transactions (“PSP”), payment transactions increased 7%. • Payment transactions per active account (“TPA”) on a trailing 12-month basis decreased 1% to 58.7. TPA ex-PSP increased 6%.• Active accounts increased 1% to 439 million. On a sequential basis, active accounts decreased by 0.04%, or by 0.2 million. • PayPal’s Board of Directors (the “Board”) declared a cash dividend of $0.14 per share on the Company’s common stock. Q2 EPS guidance of APPROX. -9% vs $1.34 consensus FY EPS guidance of Low-single digit decline to slightly positive vs. $5.30 consensus More on PayPal PayPal's Epic Fall In Numbers PayPal Q1 Earnings Preview: The P/E Multiple Lags Behind The Business Slowdown PayPal Profit Engine Could Be Threatened By Agentic Shopping Revolution PayPal set to post Q1 results against reduced expectations PayPal reorganizes into three units, makes leadership changes
Good morning . Oil prices calm as the fragile US-Iran ceasefire holds. Apple considers plans to produce more chips in the US. And temporary art is the new norm. Listen to the day’s top stories . — Tiago Ramos Alfaro Market Snapshot Nasdaq 100 Futures 27,950.25 +0.6% WTI Oil Futures $103.86 -2.4% Bitcoin $80,805.25 +1.1% Market data as of 06:52 AM ET. Data is subject to provider delays. The fragile...
Good morning . Oil prices calm as the fragile US-Iran ceasefire holds. Apple considers plans to produce more chips in the US. And temporary art is the new norm. Listen to the day’s top stories . — Tiago Ramos Alfaro Market Snapshot Nasdaq 100 Futures 27,950.25 +0.6% WTI Oil Futures $103.86 -2.4% Bitcoin $80,805.25 +1.1% Market data as of 06:52 AM ET. Data is subject to provider delays. The fragile US-Iran ceasefire is holding even after a day of clashes involving shipping in the Strait of Hormuz. Hundreds of ships were seen clustering near Dubai as more vessels moved away from the still-empty waterway in response to Iran’s efforts to widen its area of control. Watch Bloomberg TV explain the latest flareup of violence. As for oil prices, they edged lower, settling after yesterday’s sharp spike . Apple’s branching out. It’s said to have held exploratory talks about using Intel and Samsung to produce the main processors for its devices in the US. As far back as 2022, CEO Tim Cook was worrying about relying so heavily on supply from its long-term partner Taiwan Semiconductor Manufacturing Co. and it’s been working on solutions including a made-in-US chips push in Phoenix . The tech giant is also is preparing a new “Create a Pass” feature for its next major iPhone software update, people familiar said. The new tool will allow users to build and customize their own digital tickets and gift cards within the Wallet app, and adds to a string of enhancements set to be unveiled in June. In other corporate news, GameStop’s bold $56 billion bid for eBay is drawing serious skepticism from investors. Michael Burry—who helped fuel the gaming retailer’s rally in 2019— sold off all his shares , calling the strategy “never compatible.” And Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake. Coming soon: Get the AI Today newsletter —chronicling the d...
Neocloud provider Nscale Global is planning to spend €695M (about $812M) on infrastructure in Portugal under an expansion of its collaboration with Microsoft ( MSFT ). London-based Nscale announced an expansion of its collaboration with Microsoft and Start Campus with over 66,000 Nvidia ( NVDA ) Rubin Graphics Processing Units, or GPUs, starting in late 2027. Nscale noted that the new agreement bu...
Neocloud provider Nscale Global is planning to spend €695M (about $812M) on infrastructure in Portugal under an expansion of its collaboration with Microsoft ( MSFT ). London-based Nscale announced an expansion of its collaboration with Microsoft and Start Campus with over 66,000 Nvidia ( NVDA ) Rubin Graphics Processing Units, or GPUs, starting in late 2027. Nscale noted that the new agreement builds on the deployment of over 12,600 Nvidia Blackwell Ultra GPUs at the first building of the Sines Data Campus for Microsoft. As part of the agreement, Nscale said that its additional investments of €230M in shared infrastructure and €465M in a second 200 MW building at the Sines Data Campus make this one of the most significant AI infrastructure projects in the EU and one of the largest in Portugal to date. The agreement builds on Nscale deployments for Microsoft in Norway, the U.K., and the U.S. Start Campus is building and operating the Sines Data Campus, a 1.2 GW permitted capacity data center in Portugal. "It also represents one of the largest AI infrastructure investments in Portugal’s history – and among the most significant in the EU – reflecting the surging demand we’re seeing for Nscale’s services," said Nscale's Founder and CEO Josh Payne. More on Microsoft Microsoft: A Generational Compounding Opportunity At 21x P/E Microsoft: The Market Is Pricing AI Costs, Not AI Returns Microsoft: Continued AI And Software Concerns Musk reportedly contacted OpenAI about settling lawsuit prior to trial CGI earns Microsoft Copilot specialization to accelerate AI integration for modern workplace
American Electric Power press release ( AEP ): Q1 Non-GAAP EPS of $1.64 beats by $0.07 . Revenue of $6.02B (+10.3% Y/Y) beats by $250M . 2026 EPS Guidance Reconciliation Estimated GAAP EPS Guidance $6.12 to $6.42 Mark-to-Market Impact of Commodity Hedging Activities 0.05 Impact of WVPSC Order (0.07) Pirkey Plant Disallowance 0.06 Income Tax Effect of Adjustments (0.01) Operating EPS Guidance $6.15...
American Electric Power press release ( AEP ): Q1 Non-GAAP EPS of $1.64 beats by $0.07 . Revenue of $6.02B (+10.3% Y/Y) beats by $250M . 2026 EPS Guidance Reconciliation Estimated GAAP EPS Guidance $6.12 to $6.42 Mark-to-Market Impact of Commodity Hedging Activities 0.05 Impact of WVPSC Order (0.07) Pirkey Plant Disallowance 0.06 Income Tax Effect of Adjustments (0.01) Operating EPS Guidance $6.15 to $6.45 vs $6.36 consensus Click to enlarge More on American Electric Power American Electric Power: Attractive Transmission Exposure But Elevated Valuations American Electric Power Company, Inc. (AEP) Shareholder/Analyst Call Prepared Remarks Transcript American Electric Power: An Attractive Exposure To The Electrification Boom American Electric Power Q1 2026 Earnings Preview Quant check: Power stocks in focus as EVs, data center demand drive global electricity surge