United Airlines lowered its 2026 earnings forecast on Thursday as rising crude oil prices due to the war in Iran put pressure on the airline's profits.
United said it could earn between $7.00 and $11.00 per share on an adjusted basis this year, down from its previous forecast of $12.00 to $14.00 per share issued in January, more than a month before the U.S. and Israel attacked Iran. Analysts had expected United's adjusted full-year earnings to be $9.58 per share.
The airline, like others, is cutting some of its planned flights this year to reduce costs. Wall Street had already begun revising its forecasts for the year. Nevertheless, the company reported a revenue increase of more than 10% to $14.61 billion, up from $13.21 billion a year earlier. That was slightly higher than the consensus estimate of $14,390.00 million.$BTC $ETH #MarketRebound #StrategyBTCPurchase #WhatNextForUSIranConflict #KelpDAOFacesAttack #AltcoinRecoverySignals?
"I'll accept being called Mayor Mambino for today," he told a news conference Tuesday, according to The Post.
"There are still a lot of baseball games to be played. I'm still optimistic because I know there are a lot of Mets fans out there all over the city."
The Mets are certainly struggling, with Juan Soto sidelined with a calf strain sustained on April 3. Pete Alonso's replacement, Jorge Polanco, is also out with Achilles tendonitis and a wrist injury.
US stocks closed lower on Tuesday, with the major indices all declining, led by losses in the utilities, industrials, and consumer goods sectors.
At the close in New York, the Dow Jones Industrial Average fell 0.59%, the S&P 500 declined 0.63%, and the Nasdaq Composite dropped 0.59%.
Among the top performers on the Dow Jones Industrial Average was Unitedhealth Group (NYSE:UNH), which rose 6.96%, or 22.53 points, to close at 346.01. Conversely, Cisco Systems (NASDAQ:CSCO) shares continued their upward trend, rising 2.31% or 2.03 points to close at 89.74, while Chevron Corp (NYSE:CVX) shares gained 1.50% or 2.74 points to finish at 185.99.
On the other hand, among the worst performers at the close, Merck & Co (NYSE:MRK) shares fell 3.87% or 4.53 points to 112.57. Honeywell International Inc (NASDAQ:HON) shares declined 3.25% or 7.47 points to 222.27, and Sherwin-Williams Co (NYSE:SHW) shares closed down 2.72% or 9.35 points at 334.59.
On the other hand, the best performer in the S&P 500 was Northern Trust Corp (NASDAQ:NTRS), which rose 8.04% to $171.77. HP Inc (NYSE:HPQ) also continued its upward trend, gaining 7.66% to close at $21.09, while Unitedhealth Group (NYSE:UNH) climbed 6.96% to finish at $346.01.
Apple’s announcement Monday that CEO Tim Cook will step down and John Ternus will take over signals a significant shift for Apple: The company is betting its future on the most rapidly evolving technology in the history of computing.
Apple is still flying high on the iPhone’s success, which helped it become one of the few publicly traded companies to reach a $4 trillion market value last year. Cook expanded the iPhone beyond a mere product into a foundation for new business segments like wearables, digital services and health.
Cherfilus-McCormick is accused of illegally funneling US disaster aid to her election campaign and spending the money on luxury purchases, including a $109,000 (£81,660) 3-carat yellow diamond ring.
The 46-year-old Democrat, who was elected to Congress in 2022, has maintained she is innocent and vowed to clear her name.
"Rather than play these political games, I choose to step away," she said in a social media post announcing her resignation and calling the congressional ethics investigation a "witch hunt".
Cherfilus-McCormick had faced the prospect of a rare vote in Congress to expel her after the House of Representatives' Ethics Committee released its findings
Kevin Warsh, the nominee for chairman of the Federal Reserve, called for a “systemic change” within the U.S. central bank, including a new framework for controlling inflation and a rethinking of how the Fed communicates with the public about monetary policy.
During his confirmation hearing before the Senate Banking Committee, Warsh blamed the central bank for the surge in inflation that followed the COVID-19 pandemic and continues to affect American households. He stated that “fatal policy mistakes over the past four or five years” are still having repercussions, indicating that the Fed needs a “systemic change in the way monetary policy is conducted,” including “a new and different framework for inflation.” He added that the Fed’s communication with markets and the public has “exacerbated the problem,” suggesting the possibility of revising the mechanism for quarterly economic projections and the path of interest rates.
The hearing was tense, with Warsh avoiding a direct answer to a question about whether President Donald Trump had lost the 2020 election—a question Democratic Senator Elizabeth Warren considered a test of his independence. He also said he would proceed with his plan to sell assets worth more than $100 million, without providing specific details about their nature or the buyers, indicating that the proceeds would be invested in “traditional, simple” assets. When asked about Trump’s pressure to lower interest rates, Warsh said that “presidents tend to favor lower interest rates,” adding that Trump “expresses this very publicly.”$BTC $ETH #MarketRebound #StrategyBTCPurchase #WhatNextForUSIranConflict #KelpDAOFacesAttack #AltcoinRecoverySignals?
Global markets have witnessed an unprecedented surge in capital flows into the space sector, fueled by escalating expectations surrounding SpaceX's initial public offering (IPO). This has placed SpaceX at the heart of the global investment landscape in recent times.
According to data from Seraphim Space, investments in the space sector reached a record high in the first quarter of 2026, driven primarily by momentum linked to SpaceX's growth prospects and its pivotal role in attracting investors to the sector.
Global funding reached approximately $7.95 billion, a significant increase compared to the previous quarter. Expectations surrounding SpaceX have boosted investor appetite, making SpaceX one of the most prominent indirect drivers of this growth.
While the number of investment deals also increased significantly, the most important factor was the inflated size of the investments. Expectations surrounding SpaceX played a key role in increasing the average deal size, as the sector remains closely tied to SpaceX's future in the financial markets.
The Bank of England is expected to keep interest rates unchanged at 3.75% on April 30, with UBS predicting another unanimous vote following the March 19 decision.
UBS analysts said the April meeting is likely to focus on the impact of the energy shock, with the new Monetary Policy Report and updated forecasts playing a key role in the central bank's assessment.
At its March meeting, the Monetary Policy Committee acknowledged the significant impact of rising energy prices on near-term inflation expectations and left open options ranging from a prolonged hold to a rate hike without committing to a specific policy move. Markets interpreted this stance as hawkish.
Since then, Governor Bailey has pushed against market expectations, saying markets are getting ahead of themselves by pricing in a 32-basis-point rate increase by the end of the year.
Apple (AAPL) shares fell 0.5% in premarket trading to $271.81 after the announcement of Tim Cook's resignation and the appointment of John Ternos as his successor—a move that reflects market unease about a leadership change at a pivotal moment in the company's history.
Why is the market fluctuating?
Tim Cook's departure marks the end of an era spanning more than a decade of record growth and operational innovation, during which he led Apple to become the first company to surpass a $4 trillion valuation. While his successor, John Ternos, is considered a brilliant engineer and a top-notch technologist, the market prefers executive stability, especially with increasing competition and regulatory pressures.$BTC #MarketRebound #StrategyBTCPurchase #KelpDAOFacesAttack #AltcoinRecoverySignals? #ARKInvestReducedPositionsinCircleandBullish
The world is currently experiencing the largest energy crisis in its history, with the loss of approximately 600 million barrels of oil supply due to the Iran-Iraq War, which resulted in the closure of the Strait of Hormuz. This staggering figure reflects the magnitude of the disruption to global markets.
Since December, fuel prices in the United States have risen by 47%, while the inflation rate is approaching 4%, a trajectory reminiscent of the 1970s, when energy shocks triggered severe inflationary waves.
Amazon announced on Monday that it will immediately invest $5 billion in artificial intelligence company Anthropic, with the potential for an additional $20 billion tied to commercial milestones. This investment expands the existing partnership between the two companies, following Amazon’s previous $8 billion investment in Anthropic.
Under the expanded agreement, Anthropic has committed to spending more than $100 billion over the next 10 years on Amazon Web Services technologies. Anthropic will also gain access to up to 5 gigawatts of capacity using Amazon’s Trainium chips to train and run its cloud AI models.
The partnership includes access to Trainium2, Trainium3, Trainium4, and future generations of the chips. Anthropic will also utilize tens of millions of Amazon’s Graviton processor cores. The collaboration includes Trainium3 capacity expected to be operational this year and expanded international inference capabilities in Asia and Europe, according to the company’s statement.
Earlier this month, Jassey said in a letter to shareholders that Amazon's custom chip business is growing rapidly, as major tech companies begin manufacturing their own chips to reduce reliance on chipmakers like Nvidia. The letter stated that the business more than doubled its annualized revenue to over $20 billion, up from the $10 billion the company disclosed alongside its fourth-quarter results.$BTC #StrategyBTCPurchase #KelpDAOFacesAttack #AltcoinRecoverySignals? #Kalshi’sDisputewithNevada #USInitialJoblessClaimsBelowForecast
Amazon (AMZN) rose 2.30% after announcing it will invest $5 billion in artificial intelligence company Anthropic immediately and up to an additional $20 billion tied to commercial milestones, expanding their existing partnership. This follows Amazon's previous $8 billion investment in Anthropic.
Marvell Technology (MRVL) rose 2.75% after Amazon's deal with Anthropic.
Apple (AAPL) fell 0.60% after Apple announced Tim Cook will become chairman of Apple's board and John Ternos, senior vice president of hardware engineering, will become Apple's next CEO effective September 1, 2026.
At the close of trading today, gold and silver prices declined, while oil prices rose. The US dollar index also weakened.
Here's a look at the closing levels of the major commodities:
Gold
At the close of trading today, gold futures fell to $4,833.76 per ounce, down 0.94%, while spot gold also declined to $4,813.09, a drop of 0.35%. Meanwhile, the US dollar index fell to 98.07, down 0.03%, against a basket of major currencies, including the euro and the pound sterling.
Silver
Silver futures closed at $79.79 an ounce, down 2.50%.
It might sound like a dream scenario for companies, who stand to profit from the enhanced output of an employee with a digital twin. But currently there are many questions to be answered. Who owns an AI digital twin - the employer or the employee? Should people using them get paid more, since they're able to do more work? Who should be able to access what within somebody's digital twin? And who's responsible if a digital twin makes a mistake? "There are real potential benefits for sure, but it depends on getting the governance right, the direction of free time right, the autonomy of these agents right, and making sure that my name, image and likeness still stays mine, even if my employer is benefiting from it," says Kaelyn Lowmaster. She's a research director in Gartner's HR practice, focused on the impact of AI on work and the workforce. "I think we will probably see the negative side of this coin before we see the positive side." Skellett says Bloor Research's position on ownership and pay is "very clear". Individuals should own their AI digital twin so they can benefit from any value it generates. Companies should then pay to access it. In Bloor's case, its people are paid based on the outcomes they generate, rather than the time they spend working - so they can earn more through their digital twin allowing them to do more. "That is why compensation now reflects outcomes, measurable commercial impact, and value creation, rather than simply salary plus bonus. AI changes time and speed, so there's little future in the hourly rate," says Skellett.$BTC $ETH #StrategyBTCPurchase #BinanceSquare #FedRateCut25bps #Bitcoin #Kalshi’sDisputewithNevada #USInitialJoblessClaimsBelowForecast #Kalshi’sDisputewithNevada
Blue Origin's newest rocket has been grounded after the Federal Aviation Administration (FAA) ordered an investigation into a "mishap" involving the failed launch of a satellite. The company, founded by Amazon billionaire Jeff Bezos, attempted to place a satellite from AST SpaceMobile using its New Glenn rocket but was unable to get it as far into orbit as intended. Blue Origin's chief executive Dave Limp said the failure was caused by a lack of "sufficient thrust" in an engine. AST SpaceMobile's share price fell by more than 6% on Monday. Limp said: "We clearly didn't deliver the mission our customer wanted, and our team expects." Blue Origin is investigating the incident, which happened on Sunday, with oversight from the FAA. A spokesperson for the authority said: "The FAA is requiring Blue Origin to conduct a mishap investigation. "The FAA will oversee the Blue Origin-led investigation, be involved in every step of the process and approve Blue Origin's final report, including any corrective actions." Limp said the investigation will allow Blue Origin to "learn from the data and implement the improvements needed to quickly return to flight operations." The FAA will determine based on the investigation findings when New Glenn can be launched again. Sunday's operation was only the third flight for the New Glenn rocket. Blue Origin was planning on a dozen launches this year. The rocket was carrying an AST satellite intended for low earth orbit that would be used for mobile phone connectivity. Since New Glenn did not drop the satellite as far into orbit as it needed to go, it will be unusable. AST said Sunday that the loss will be covered by insurance, but did not say how much it would cost. Satellites offering consumers and companies internet access, even in typically difficult to access areas and terrains, are starting to become a more popular enterprise for tech companies.$BTC $ETH
Chinese carmaker Seres has been granted a patent for what it calls an "in-vehicle toilet" that slides under a passenger's seat for visits to the loo while on the road. The feature is meant to "satisfy users' toilet needs on long journeys, while camping or while staying in the car", engineers wrote in Seres' patent filing in China on 10 April. Seres, based in the south-west city of Chongqing, has not announced any cars that have toilets and it is uncertain if any will be made. Chinese electric vehicles have become increasingly packed with unconventional features, like built-in massage seats, karaoke systems and a fridge, to stand out in a highly competitive market. The patent filing shows Seres' plans for an onboard toilet that slides out from the bottom of a passenger's seat with a push or through voice-activated commands. The loo will come with a fan and exhaust pipe to channel odours out of the car, according to the filing on China's intellectual property administration seen by the BBC. Waste is collected in a tank that has to be emptied manually. The toilet also features a rotating heating element that evaporates urine and dries other waste. When not in use, the toilet is concealed beneath the seat, making full use of the space inside a car without requiring more room. $BTC #StrategyBTCPurchase #KelpDAOFacesAttack #AltcoinRecoverySignals? #Kalshi’sDisputewithNevada #CharlesSchwabtoRollOutSpotCryptoTrading
A series of smash-and-grab robberies have hit Pokémon card shops across the UK as the increasingly popular collectible cards soar in value. Celestial Collectables in Warrington, Cheshire is one of the latest stores to be targeted after robberies in Rugby, Bristol, Bournemouth, Peterborough and Nottingham among others in recent weeks. Shops have seen stock worth tens of thousands of pounds stolen. Cheshire Constabulary told the BBC it was in contact with police in the north west and around the UK about the issue. Pokémon cards have been collected and traded for 30 years but since Covid, they have attracted more attention online, with some of the rarest selling for huge sums. A recent auction by specialist auction house Stanley Gibbons Baldwins saw over £1.5m in "Pokémon assets" change hands. While most cards are not worth thousands of pounds, high-profile sales of the rarest items have driven both collector and investor interest. Earlier this year, the YouTuber, wrestler and boxer Logan Paul auctioned an ultra-rare, high-quality Pikachu card for a record-shattering $16.5m (£12m). However, as the value grows so does the cards' appeal to criminals.$BTC $ETH