(RTTNews) - Canadian stocks ticked lower on Friday amid the ongoing Strait of Hormuz blockade, while reports indicating that Iran has sent a fresh peace proposal to the U.S. to end the gulf war limited the losses.

Apple Inc. raised the starting price of its Mac mini desktop to $799 from $599, adjusting to inventory shortages driven by AI demand and the tight supply of processors. The company is effectively increasing the price by removing the entry-level configuration, a model that includes an M4 processor and 256 gigabytes of storage. The computer now starts with that same chip and 512 gigabytes of space. The $1,399 starting price of the M4 Pro model hasn’t changed. The discontinuation of the $599 tier comes after that model sold out at most outlets. Other configurations still take weeks or months to arrive from Apple’s online store and have been in limited supply at the company’s retail stores. On Thursday, Apple Chief Executive Officer Tim Cook said the shortages were tied in part to the so-called SoC, or system on a chip, the processor that serves as the brains of the Mac mini. “The constraints were primarily driven by the availability of the advanced nodes our SoCs are produced on,” he said on an earnings call with analysts. The other factor is that consumers have been snapping up Mac minis and Mac Studios to run artificial intelligence, he said. “These are amazing platforms for AI and agentic tools, and the customer recognition of that is happening faster than what we had predicted, and so we saw higher than expected demand,” Cook said. He added that the MacBook Neo, which also starts at $599, is seeing stronger-than-anticipated demand. Read More: Apple Forecast Tops Estimates Even as Mac Shortages Linger Cook said that it “may take several months to reach supply-demand balance” for the Mac mini and Mac Studio. Both machines can be configured with enough memory to capably run large language models locally, with less reliance on the cloud. Apple is planning to begin producing some Mac mini models in Houston later this year in a shift away from Asia. It has also been preparing updated Mac Studios for the end of the year, Bloomberg News reported . Apple increased prices on...

Apple Raises Mac Mini’s Starting Price to $799 After AI Frenzy Drains Supply Bloomberg.com

Key PointsLemonade reported more strong growth in the first quarter.

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Walt Disney Co. senior executives are discussing how to unify the company’s disparate mobile apps and turn its streaming service into the first stop for all things Disney, a place where users can book park tickets, buy merchandise, play games and watch movies, according to people familiar with the matter. Disney’s new CEO, Josh D’Amaro, is attempting to break silos within the company and simplify how customers interact with its brand. The new app would marry Disney+ with mobile platforms such as the Disneyland Resort and Disney Cruise Line Navigator apps into what’s internally being described as a “super app,” said the people, who asked not to be named as the information is private. The conversations are at an early stage and no concrete steps have been taken toward developing the product, the people said. Still, the ambition has been at the center of internal presentation materials, and is indicative of the potential D’Amaro, sees in evolving the company’s direct-to-consumer business, the people said. A spokesperson for Disney declined to comment. The company has long flirted with the idea of creating a super app for all things Disney or even a membership program akin to Amazon.com Inc.’s Prime service. D’Amaro’s predecessor Bob Iger toyed with the idea for more than a decade, even testing a less comprehensive version in the UK. As Disney has released more apps in recent years, the company’s periodically revisited whether to combine them. The ambition never gained traction due to logistical setbacks, the people said. Disney is currently working on merging its Hulu online video platform with Disney+, which has faced obstacles due to their separate tech infrastructure and programming rights, the people said. D’Amaro, who succeeded Iger as CEO in March, is keen to revisit the idea. He told shareholders at the company’s annual meeting that month that “Disney+ will continue to evolve beyond a traditional streaming service to become the digital centerpiece of our company...

Dan Sheridan, CEO of Brooks Running, said that his company is resonating with runners in China as the activewear brand grew over a 130% in the region. Sheridan said that while China remains a small percentage of Brooks' business, the 'everyone's a runner' positioning and multi-use clothing consumers can wear off the run is driving growth. Sheridan joined Bloomberg Businessweek from the floor of the Berkshire Hathaway shareholder conference in Omaha. (Source: Bloomberg)

The Nasdaq composite dominates the major indexes on Friday. Buffett stock Berkshire Hathaway reports earnings on Saturday.

The 4 Best AI Stocks to Buy in May The Motley Fool

Alpine Banks of Colorado press release ( ALPIB ): Q1 GAAP EPS of $1.26. Net interest income was $60.6 million for the first quarter of 2026, compared to $59.3 million for the fourth quarter of 2025 and $52.1 million for the first quarter of 2025. Noninterest income was $17.7 million for the first quarter of 2026, compared to $15.9 million for the fourth quarter of 2025 and $12.5 million for the first quarter of 2025. Deposits totaled $6.0 billion as of March 31, 2026, compared to $6.0 billion as of December 31, 2025 and $5.9 billion as of March 31, 2025. Deposits decreased $81.7 million, or 1.3%, in the first quarter of 2026 from December 31, 2025. Deposits increased $25.8 million, or 0.4%, as of March 31, 2026 as compared to March 31, 2025. More on Alpine Banks of Colorado Dividend scorecard for Alpine Banks of Colorado Financial information for Alpine Banks of Colorado

The stock has had a strong start to the year.

Key PointsStarbucks saw its same-store sales surge, as its turnaround continues.

Equities advanced this week, brushing off a series of major market-moving events with surprising ease. Markets shrugged off the Federal Open Market Committee meeting, five sets of Magnificent Seven ( MAGS ) earnings reports and oil ( USO ) prices staying elevated. Even software stocks ( IGV ), which had been lagging, began showing signs of recovery. “Equities were in beast mode this week,” said Cestrian Capital Research , Investing Group Leader of Growth Investor Pro. “We believe this rally, loved by investors but as usual hated by the commentariat, is set to continue.” The resilience caught some analysts off guard, as investors appeared unfazed by what would typically be considered significant headwinds for stock prices. The stock market finished Friday's session modestly higher as Wall Street kicked off the month of May on an optimistic note, with oil prices retreating from multi-year highs and corporate earnings going strong, including Apple's ( AAPL ) big beat. More on the Markets What Surprises Investors Should Expect From April 2026's Jobs Report Dow Jones Nears 50,000 - Will Stock Market Bulls Ever Be Defeated? Inflation In The Entire U.S. Economy Is Rocking And Rolling, And It's Not Just Energy S&P 500 gains for the week as oil retreats, earnings hold strong Stock market closes higher as May trading starts with oil falling

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Apple (AAPL) Surges on Strong Earnings Amid Mixed U.S. Market Pe GuruFocus

Apple Stock Rises After Earnings Beat. Strong iPhone Demand Is Driving Growth.

Earnings Call Insights: Chevron (CVX) Q1 2026 Management View “This quarter, Chevron delivered solid performance driven by disciplined execution and a resilient portfolio,” said Chairman & CEO Michael Wirth. Wirth highlighted near-term operating momentum: “U.S. production over 2 million barrels of oil equivalent per day, Gorgon and Wheatstone LNG running at full rates, TCO producing above 1 million barrels of oil equivalent per day, and U.S. refineries operating at record crude throughput.” On Venezuela, Wirth said, “Two weeks ago, we announced an asset swap with PDVSA,” adding, “We’ve increased our equity stake to 49%,” and “expect Venezuela to continue to represent 1% to 2% of cash flow from operations.” “For the first quarter, Chevron reported earnings of $2.2 billion, or $1.11 per share. Adjusted earnings were $2.8 billion, or $1.41 per share,” said CFO Eimear Bonner. Outlook Bonner reiterated 2026 guidance language: “Chevron’s business is strong and our 2026 guidance is unchanged. Capital spending and production outlooks are consistent with previous guidance, and we’re on track to deliver our $3 to $4 billion structural cost reduction target by year-end.” On capital allocation amid the conflict-driven price environment, Bonner said, “Today, we’re not changing any of our capital allocation framework,” and “our budget is $18 billion to $19 billion for the year.” On production and buybacks, Bonner said, “With that capital, we’re going to grow 7% to 10% of production this year,” and “staying within $2.5 billion to $3 billion for the range.” Financial Results “Included in the quarter was a $360 million charge related to a legal reserve,” Bonner said, adding, “Foreign currency effects decreased earnings by $223 million.” “Chevron generated cash flow from operations, excluding working capital, of $7.1 billion,” and “Adjusted free cash flow was $4.1 billion,” Bonner said. On capital and shareholder returns, Bonner said, “Organic CapEx was $3.9 billion,” “Inorganic CapE...

Earnings Call Insights: HF Sinclair (DINO) Q1 2026 Management View "During the first quarter, our CEO and CFO, both took leaves of absence as previously described in our annual report on Form 10-K." (Interim CEO & President and Chairman of the Board Franklin Myers) "In the meantime, I will continue to serve as CEO and President until decisions in that regard are made." (Interim CEO & President and Chairman of the Board Myers) "During the first quarter, we delivered strong results across each of our business segments, supported by safe and reliable operations and good commercial optimization." (Executive Vice President of Commercial Steven Ledbetter) "Despite the heavy turnaround and harsh winter weather we faced, we were pleased with our reliability performance, running crude charge at the upper end of our guided runs coming in at 613,000 barrels per day." (EVP Ledbetter) "In our marketing segment, we're making great progress with the integration of our previously announced Green Trail Fuels JV." (EVP Ledbetter) "We added 25 branded sites in the quarter with more than 100 sites with contracts signed and expected to come online over the next 6 to 12 months." (EVP Ledbetter) "Today, we reported first quarter net income attributable to HF Sinclair shareholders of $648 million or $3.56 per diluted share." (Acting CFO, Chief Accounting Officer, VP & Controller Vivek Garg) "Excluding these items, adjusted net income for the first quarter was $127 million, or $0.69 per diluted share." (Acting CFO Garg) Outlook "For the second quarter of 2026, we expect to run between 600,000 to 630,000 barrels per day of crude oil in our Refining segment." (Acting CFO Garg) "With respect to capital spending for full year of '26, there has been no change." (Acting CFO Garg) "We still expect to grow our number of branded sites by approximately 10% annually." (EVP Ledbetter) "We do not have any planned turnaround scheduled until the El Dorado turnaround commences towards the back end of the t...

Nasdaq’s Best Month Since 2002 Meets Fed Division, Inflation Risks - Advanced Micro Devices (NASDAQ:AMD) Benzinga

Intel Shares Rise Sharply. Why Wall Street Is Turning Bullish Again

Sky_Blue/iStock via Getty Images Woodside Energy ( WDS ) is struggling to sell liquefied natural gas volumes from its planned Louisiana LNG export plant because it is seeking ‌liquefaction fees above prevailing U.S. market rates, Reuters reported Thursday. Woodside ( WDS ) has so far disclosed only one long-term sales and purchase agreement for the project, a deal with Germany's Uniper covering as much as 2M metric tons/year, the equivalent of ~25% of Woodside's share of the facility's total production. The German company agreed to take 1M tons/year ⁠of LNG ​from Louisiana for 13 years as well as up to an additional 1M tons/year from ​its global portfolio, with deliveries expected to begin in 2030, when Louisiana LNG is scheduled to be commissioned. Woodside ( WDS ) initially sought liquefaction fees above $2.80/MMBtu, compared with broader U.S. market rates of $2.40-$2.50, according to the report, which added that Cheniere Energy ( LNG ) charges slightly higher fees of ~$2.60/MMBtu, while Venture Global ( VG ) is among the lowest at ~$2.30/MMBtu. CEO Liz Westcott said after Woodside's ( WDS ) annual general meeting last week that customer interest remained strong, and that the company was comfortable with progress at Louisiana LNG, More on Woodside Energy Woodside Energy Shareholder/Analyst Call Transcript Woodside Energy: Hedges Limit LNG Upside Woodside Energy: Entering Harvest Mode With Strong LNG Tailwinds

In trading on Friday, shares of Pennymac Mortgage Investment Trust (Symbol: PMT) crossed above their 200 day moving average of $12.31, changing hands as high as $12.33 per share. Pennymac Mortgage Investment Trust shares are currently trading up about 1.2% on the day. The char

In trading on Friday, shares of Saratoga Investment Corp New (Symbol: SAR) crossed above their 200 day moving average of $23.38, changing hands as high as $23.69 per share. Saratoga Investment Corp New shares are currently trading up about 1% on the day. The chart below shows

The stock market finished Friday's session modestly higher as Wall Street kicked off the month of May on an optimistic note, with oil prices retreating and corporate earnings remaining strong. The S&P 500 ( SP500 ) rose 0.3% after closing above the 7,200 level for the first time ever in the prior session, and the tech-heavy Nasdaq Composite gained 0.9%. Meanwhile, the Dow ( DJI ) edged down 0.3%. On a week-to-date basis, the benchmark S&P 500 is up 0.91%. On a sector-by-sector basis, nine of the 11 S&P segments closed in the green. Energy ( XLE ) and Real Estate ( XLRE ) were the strongest performers this week, with gains of 3.57% and 1.14%, respectively. At the other end of the spectrum, Materials ( XLB ) and Consumer Discretionary ( XLY ) were the biggest detractors this week, with losses of 1.06% and 0.05%, respectively. Sectors’ weekly performance breakdown: Energy Select Sector SPDR Fund ( XLE ): +3.57% Real Estate Select Sector SPDR Fund ( XLRE ): +1.14% Financial Select Sector SPDR Fund ( XLF ): +1.13% Consumer Staples Select Sector SPDR Fund ( XLP ): +1.08% Technology Select Sector SPDR Fund ( XLK ): +1.05% Communication Services Select Sector SPDR Fund ( XLC ): +1% Utilities Select Sector SPDR Fund ( XLU ): +0.87% Health Care Select Sector SPDR Fund ( XLV ): +0.78% Industrial Select Sector SPDR Fund ( XLI ): +0.32% Consumer Discretionary Select Sector SPDR Fund ( XLY ): -0.05% Materials Select Sector SPDR Fund ( XLB ): -1.06% More on S&P 500 Index What Surprises Investors Should Expect From April 2026's Jobs Report Dow Jones Nears 50,000 - Will Stock Market Bulls Ever Be Defeated? Inflation In The Entire U.S. Economy Is Rocking And Rolling, And It's Not Just Energy Stock market closes higher as May trading starts with oil falling Global economy faces crossroads in wake of energy shock - JPMorgan

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Tesla Stock Climbs as Semi Trucks Roll Off Line. Europe Helps

In trading on Friday, shares of Synthetic Fixed-income Securities Inc Strats Tru (Symbol: GJR) crossed below their 200 day moving average of $24.89, changing hands as low as $24.82 per share. Synthetic Fixed-income Securities Inc Strats Tru shares are currently trading off abou

Stocks reached fresh highs as falling oil prices and strong earnings lifted market sentiment.

Magna International Inc. Chief Executive Officer Swamy Kotagiri said rising vehicle prices are intensifying affordability concerns for consumers, even as the auto-parts supplier remains largely insulated from new US tariffs due to its localized manufacturing footprint. With average US new vehicles topping $50,000 early this year, buyers are seeking safety, comfort and convenience features while manufacturers juggle these demands with economic viability, Kotagiri said Friday in a Bloomberg Television interview. “There is a balance now of how to get all of this into platforms features that consumers in the market demand but in a way that is economical,” he said. Magna’s US-listed shares fell 4.5% Friday after the Aurora, Ontario-based partsmaker pared its full-year sales forecast. Execution remains a linchpin of the company’s strategy, Kotagiri said, speaking just hours after President Donald Trump jolted the auto industry again with a boost in tariffs to 25% for cars and trucks made in the European Union. Trump accused the bloc of failing to fully comply with a trade agreement negotiated with the US. While Magna’s earnings release cited “higher net tariff costs” among drags on quarterly results, Kotagiri said Magna’s strategy of producing components close to where automakers assemble vehicles blunts its exposure to US levies. “Really not much travels across the ocean for us,” he said, noting the company is typically aligned with its original equipment manufacturer-customers in each region. Any tariff-related impact would likely stem from changes in automakers’ production strategies rather than direct cost pressures on Magna, he added. Magna has been operating under similar conditions in Europe and other markets over the past year. “In most of the places where we are present, we are aligned with the OEM and produce systems and components that are supplied to them locally,” Kotagiri said. (This story was produced with the assistance of Bloomberg Automation.)

Key PointsS&P Dow Jones Indices is considering a significant rule change that would allow recent IPOs to be admitted to the S&P 500 much sooner.