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Latest Stock Market Updates

Wall Street Slides as OpenAI Misses Targets and Iran Conflict Disrupts Markets

Key Points: OpenAI missed its 1-billion-user goal, dragging down major tech and cloud computing stocks. President Donald Trump claimed Iran is in a state of collapse as the Strait of Hormuz remains closed. The Bank of Japan held its interest rate at 0.75% while warning about high oil prices. General Motors and Coca-Cola posted strong earnings, while UPS reported a 28% drop in profit. Wall...

Amazon Prepares for High Stakes Earnings Call Amid Massive Tech Spending

Key Points: Amazon will share its first-quarter earnings this Wednesday alongside massive tech rivals like Google and Microsoft. The company plans to spend $200 billion on artificial intelligence infrastructure this year alone. High gas prices pose a major problem for the shipping industry, potentially costing companies billions. Analysts expect Amazon to report $177.2 billion in total revenue and strong growth in its cloud computing division....

General Motors Raises 2026 Profit Outlook After Massive Tariff Refund

Key Points: General Motors reported an adjusted first-quarter earnings of $3.70 per share, completely crushing the expected $2.62. The automaker booked a massive $500 million benefit after the Supreme Court declared specific presidential tariffs illegal. Despite the ongoing pullback in electric vehicles, which cost the company $1.1 billion, core operations remained highly profitable. Executives raised the full-year 2026 profit guidance to reach between $13.5 billion...