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PayPal, Visa, Mastercard Probed by UK Regulators
The Wall Street Journal104d agobearish
PayPal, Visa, Mastercard Probed by UK Regulators

PayPal Holdings, Visa and Mastercard are under investigation by U.K. authorities for anticompetitive conduct related to PayPal's digital wallet. The Financial Conduct Authority, the finance regulator in the U.K., said Wednesday that it "has reached no conclusions nor made any findings" that competition law had been broken. Shares in Visa and Mastercard fell 1% and 1.4%, respectively, while PayPal shares were down about 0.33% as the broader market surged.

Rate Cuts Are Coming: Here’s How to Position TLT, XLRE, and ITB Now
24/7 Wall St.105d agobearish
Rate Cuts Are Coming: Here’s How to Position TLT, XLRE, and ITB Now

The Federal Reserve has already trimmed its policy rate by 0.75 percentage points over the past year, leaving the upper bound at 3.75%. The question facing rate-sensitive sectors is what happens if the cutting cycle continues. Three exchange-traded funds sit at the center of that question: the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), the ... Rate Cuts Are Coming: Here’s How to Position TLT, XLRE, and ITB Now

Reuters105d agobearish
Kyndryl plans job cuts, forecasts pretax profit below estimates

Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual ‌pretax profit below Wall Street estimates on Wednesday. • The cuts come after the software provider ⁠delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. ​Kyndryl did not disclose how ‌many jobs would be affected by the move.

Lucid Sales Miss Estimates as Supplier Issue Slows EV Deliveries
Bloomberg105d agobearish
Lucid Sales Miss Estimates as Supplier Issue Slows EV Deliveries

(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs

NRG Energy (NRG) Q1 Earnings Miss Estimates
Zacks105d agobearish
NRG Energy (NRG) Q1 Earnings Miss Estimates

NRG (NRG) delivered earnings and revenue surprises of -16.85% and +44.21%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Michael Saylor finally wants to sell Bitcoin
TheStreet105d agobearish
Michael Saylor finally wants to sell Bitcoin

Strategy Inc. (NASDAQ: MSTR) reported a net loss of $12.54 billion for the first quarter of 2026. The loss was almost entirely driven by a $14.46 billion unrealized loss, as Bitcoin price crashed to $62,000 during the quarter, thanks to the United States-Israel-Iran war. However, things might ...

Bloomberg105d agobearish
Lucid Sales Miss Estimates as Supplier Issue Slows EV Deliveries

(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs