Economy
US GDP Cut to 1.6% as PCE Inflation Jumps to 3.8%, Pressuring Fed Rate Path
Q1 GDP was revised down to 1.6% as April PCE inflation hit 3.8%, a…
Author: Scott Allan
Author: <span>Scott Allan</span>
Business
Costco Q3 Sales Hit Record $69B as Value Shoppers Drive 9.8% Comp Growth
Costco posted a record Q3 with net sales up 11.6% to $69.15B, comps up…
Business
American Eagle Stock Drops 12% as Comparable Sales Fall, Signaling Consumer Strain
American Eagle stock fell 12% after Q1 comparable sales at its namesake brand turned…
AI
Dell Stock Surges 40% on $16B AI Server Boom, Raises 2027 Guidance to $167B
Dell stock soared 40% after AI server revenue jumped 757% to $16.1B and the…
Aviation
FAA Grounds SpaceX Starship After V3 Booster Failure, Weeks Before Its IPO
The FAA grounded SpaceX's Starship and ordered a mishap probe after the V3 booster…
Consumer Behavior
Dollar Tree Beats on Q1 Earnings and Lifts Its 2026 Outlook as Margins Outrun Tariffs
Dollar Tree beat Q1 estimates with sales up 7.2% and adjusted EPS up 38%,…
AI
Marvell Climbs on AI Custom-Silicon Beat as Nvidia’s $2 Billion Stake Pays Off
Marvell beat on Q1 revenue and EPS, guided Q2 above estimates on custom AI…
Energy
Oil Tumbles 5% as Rubio Says US Will Give Iran Talks ‘Every Chance to Succeed’
WTI and Brent crude fell more than 5% on May 27 after Marco Rubio…
Cloud & Infrastructure
Snowflake Stock Soars 36% as $6 Billion AWS Deal and Earnings Beat Reignite Its AI Growth Story
Snowflake stock jumped 36% after a Q1 beat, a raised forecast, and a five-year,…
Analysis
Starbucks Korea’s ‘Tank Day’ Boycott Lands on E-Mart, Not Seattle
Starbucks Korea's 'Tank Day' boycott is cratering sales, but Starbucks sold out in 2021.…