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Sony projects profit growth and ¥500B buyback, despite PlayStation sales weakness
Sony Group reported a fourth-quarter net profit of ¥83.12 billion. This result missed analyst estimates due to electric-vehicle venture losses and gaming...
Sony Profits Sink, Hit by Gaming Slump and Electric Vehicle Losses
Sony Group Corporation reported a decline in fourth-quarter profits during its May 8, 2026, earnings call. The company attributed the downturn to challenges...
Whirlpool plunges 12%, warning appliance demand hit 2008 crisis levels
Whirlpool shares fell more than 12% in morning trading following a warning that appliance demand reached levels not seen since the 2008 financial crisis. The...
DoorDash Shares Jump 10%, Driven by Upbeat $33.4 Billion Order Forecast
DoorDash shares rose more than 10% on May 7, 2026. The company projects second-quarter gross order value (GOV) between $32.4 billion and $33.4 billion. This...
Peloton Swings to Surprise Profit, Shares Surge on Raised Outlook
Peloton Interactive reported fiscal third-quarter revenue of $631 million. This figure surpassed Wall Street expectations and signaled that the company's...
McDonald's Beats Profit Estimates, as Strained U.S. Consumers Spend Less
McDonald's Corporation reported mixed first-quarter 2026 results. Total revenue rose 9% during the quarter. Revenue reached $6.52 billion. This figure exceeded...
Amazon Opens Logistics Network to All Businesses, Seeking Next AWS Growth
Amazon launched Amazon Supply Chain Services (ASCS) to provide logistics and fulfillment to all businesses. The offering extends beyond platform sellers to...
Honda Freezes $11 Billion EV Plant, Pivots to Hybrids
Honda Motor is indefinitely freezing construction of its C$15 billion ($11 billion USD) electric vehicle and battery plant in Ontario. The automaker cited a...
Disney Beats Q2 Estimates, Driven by Streaming Surge and $8B Buyback
The Walt Disney Company reported second-quarter fiscal 2026 earnings that exceeded analyst expectations. This performance marks the first quarterly results...
Tesla Recalls 219,000 Vehicles, Fixes Rearview Camera Glitch via Software
Tesla is recalling 218,868 Model 3, Model Y, Model S, and Model X vehicles in the United States. The National Highway Traffic Safety Administration (NHTSA)...
Restaurant Brands beats expectations, as Whopper demand offsets record Popeyes slump
Restaurant Brands International (RBI) reported mixed first-quarter results for its primary chains. Burger King’s U.S. same-store sales climbed 5.8%. An...
Uber Profits Surge 57%, Driven by 50 Million Uber One Members
Uber Technologies, Inc. (NYSE: UBER) reported $53.7 billion in Gross Bookings for the first quarter of 2026. This represents a 25% year-over-year increase. On...
Disney shares jump 5.5%, fueled by streaming surge and record park revenue
The Walt Disney Company surpassed Wall Street expectations for the fiscal second quarter. Revenue rose 7% year-over-year. Total revenue reached $25.2 billion....
Amazon launches supply chain services, sending FedEx and UPS shares tumbling
Amazon launched Amazon Supply Chain Services to open its logistics and fulfillment network to all businesses. The service bundles freight, distribution, and...
Tesla FSD faces EU delays, stalling summer rollout plans
EU regulators are resisting Tesla’s plans for a broad European launch of its Full Self-Driving (FSD) technology. The Dutch vehicle authority (RDW) granted...
Tesla hits EU regulatory roadblocks, threatening Full Self-Driving rollout
European regulators expressed significant skepticism toward Tesla’s Full Self-Driving (FSD) system. Internal emails reported by Reuters reveal concerns...
Shopify Sinks 7%, Weak Growth Forecast Triggers E-commerce Anxiety
Shopify reported first-quarter 2026 earnings on May 5, 2026. Revenue increased 34% year-over-year to $3.17 billion. This result surpassed analyst estimates of...
US threatens 25% EU vehicle tariffs, citing 2025 trade deal non-compliance
The U.S. administration proposed raising tariffs on European Union vehicle imports from 15% to 25%. Officials allege the EU failed to comply with the 2025...
Tesla registrations soar in Europe, spurred by rising fuel costs
New data released May 5, 2026, reveals a significant rebound in Tesla vehicle registrations across Europe for April. French registrations jumped 112%...
Norwegian Cruise Line Slashes 2026 Profit Forecast, Citing Middle East War
Norwegian Cruise Line Holdings Ltd. (NCLH) reported mixed first-quarter results, beating earnings expectations but slashing full-year guidance. Shares fell...