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Cris Tolomia

Cris Tolomia

Quartz

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Dow up 700 points as S&P 500 hits new intraday high

Caterpillar stock popped 10% after a strong earnings report, while Meta and Microsoft stock fell on AI spending concerns

thursday 1

Quartz

Cris tolomia

JPMorgan is hiring a veteran KBW banker to bolster its financial institutions deal team

Chris Mihok will join as a managing director covering banks, reporting to the heads of North America banks coverage

thursday 1

Quartz

Cris tolomia

Hertz is launching a new fleet unit to manage Uber's robotaxis and driver-led rides

The new affiliate, Oro Mobility, will handle charging, maintenance, and staffing for Uber's Lucid-Nuro autonomous vehicles in the San Francisco Bay...

thursday 2

Quartz

Cris tolomia

California gas prices are surging past $6 a gallon as the Iran war grinds on

The state's average hit $6.01 per gallon Thursday — the highest since October 2023 and a 30% jump since the war began

thursday 2

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Cris tolomia

Unilever posted stronger-than-expected sales growth as home care and beauty brands surged

The consumer goods company posted 3.8% underlying sales growth, ahead of analyst expectations, led by strong volumes in emerging markets

thursday 3

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Cris tolomia

Trump is signing an order to help workers without 401(k)s access retirement savings plans

The order directs the Treasury Department to launch TrumpIRA.gov by January, when a government match program for low-income workers takes effect

thursday 3

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Cris tolomia

U.S. unemployment claims just plunged to their lowest level in over 50 years

Initial claims dropped by 26,000 from the prior week, well below analyst expectations of 212,000

thursday 4

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Cris tolomia

Treasury's inflation-linked savings bonds will pay 4.26% through October 2026

The new composite rate, up from 4.03%, combines a 0.90% fixed rate and a variable rate tied to inflation

thursday 4

Quartz

Cris tolomia

ConocoPhillips beat earnings estimates but cut its production outlook over the Middle East war

The Houston-based oil producer excluded Qatar from its guidance, trimming its full-year forecast to 2.3–2.33 million barrels per day

thursday 3

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Cris tolomia

U.S. economy grew 2% in early 2026, bouncing back from a sluggish end to last year

The rebound followed a 0.5% expansion in late 2025, when a federal government shutdown weighed on output

thursday 4

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Cris tolomia

Mastercard posted strong revenue growth but its stock slipped as cross-border activity slowed in April

Adjusted EPS of $4.60 topped analyst estimates of $4.41, but April-to-date data showed a deceleration in cross-border transaction growth

thursday 4

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Cris tolomia

Blue Owl Capital posted a 14% earnings gain as real assets offset a direct lending slump

Fee-related earnings rose to $393.6 million and assets under management climbed to $315 billion, but direct lending posted a net loss of 1.1%

thursday 4

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Cris tolomia

Prada's sales surged in the Americas even as the Middle East dragged on results

Conflict in the Middle East weighed on results, while Versace contributed €143 million in its first full quarter under Prada ownership

thursday 5

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Cris tolomia

Brookfield-backed Compass Datacenters is walking away from a massive Northern Virginia data center project

The Brookfield-backed firm spent tens of millions of dollars on the 2,100-acre PW Digital Gateway project before courts voided its zoning approvals

thursday 2

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Cris tolomia

Hershey beat Wall Street's earnings estimates as higher candy prices lifted sales

The chocolate maker posted $3.1 billion in quarterly sales and adjusted EPS of $2.35, topping Wall Street forecasts

thursday 6

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Cris tolomia

Union Pacific and Norfolk Southern are refiling their $85 billion railroad merger bid with U.S. regulators

The revised application uses complete traffic data from all 6 North American Class I railroads and projects $3.5 billion in annual shipper savings

thursday 6

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Cris tolomia

Royal Caribbean is slashing its annual profit forecast after a surge in fuel costs

The cruise operator now expects adjusted earnings of $17.10 to $17.50 per share, down from a prior forecast of $17.70 to $18.10

thursday 4

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Cris tolomia

IBM is opening a new hub at Chicago's quantum park, bringing 750 jobs

The company's FutureNow Chicago center will focus on AI, cybersecurity, data science, and quantum computing on the city's South Side

thursday 2

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Cris tolomia

Chipotle posted surprise sales growth as customer traffic returned, despite falling profits

Same-store sales rose 0.5% in the first quarter, reversing recent declines, though net income fell 22% year over year

thursday 4

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Cris tolomia

SoftBank is planning a U.S. IPO for a new AI and robotics spinout valued at $100 billion

The new entity, called Roze, would focus on building data centers using autonomous robots and could list as early as this year

thursday 5

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Cris tolomia

Stellantis stock sinks despite posting first profit in over a year, beating estimates

Adjusted operating income nearly tripled year-over-year, but analysts flagged earnings quality concerns and negative free cash flow

thursday 6

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Cris tolomia

Anthropic is weighing a funding round that could value it above $900 billion, surpassing OpenAI

The Claude maker's potential new valuation would surpass OpenAI, which closed a $122 billion round at an $852 billion valuation in March

thursday 5

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Cris tolomia

Merck beats earnings estimates as cancer drug Keytruda sales surged 12%

The drugmaker posted $16.29 billion in quarterly revenue, topping Wall Street forecasts, though a big acquisition charge pushed it to a net loss

thursday 4

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Cris tolomia

Eli Lilly posted strong first-quarter earnings as demand for its obesity and diabetes drugs surged

Worldwide revenue climbed 56% to $19.8 billion in the first quarter, led by Mounjaro's 125% sales jump

thursday 4

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Cris tolomia

Caterpillar posted surging revenue but warned tariffs are squeezing its margins

The equipment maker's operating profit margin slipped to 17.7% as higher tariff costs weighed on manufacturing across all 3 segments

thursday 3

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Cris tolomia

Oil reached a four-year high of $125 overnight as Trump eyes extended Iran blockade

Brent briefly touched $126 a barrel overnight before pulling back, with both contracts up about 60% since the U.S.-led war against Iran began in...

thursday 3

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Cris tolomia

The Labor Department is launching a website to help workers build AI skills through apprenticeships

The AI in Registered Apprenticeship Innovation Portal offers training modules and program resources across industries such as healthcare, finance, and...

thursday 4

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Cris tolomia

The Fed is holding interest rates steady again as Powell's final meeting as chair wraps up

The vote was the most divided since October 1992, with dissenters split between wanting a cut and opposing any easing signal

29.04.2026 4

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Cris tolomia

Porsche's profit slid more than 20% as weak sales weighed on results

The Volkswagen subsidiary delivered 15% fewer vehicles in the first quarter and took a €200 million hit from U.S. import tariffs

29.04.2026 6

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Cris tolomia

Waymo is beginning to map Portland streets ahead of a robotaxi launch

The Alphabet subsidiary says it won't operate driverless taxis in the city until it receives a permit, despite resistance from several city council...

29.04.2026 4

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Cris tolomia

Senate panel advances Trump's Fed chair pick toward a full Senate vote

The Senate Banking Committee voted along party lines to send Kevin Warsh's nomination to the full Republican-controlled Senate

29.04.2026 2

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Cris tolomia

Seagate stock surges as AI demand powers blowout earnings and raised forecast

The data storage company posted $3.11 billion in Q3 revenue and projected $3.45 billion for the current quarter, well above analyst estimates

29.04.2026 7

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Cris tolomia

Etsy posted stronger-than-expected revenue as marketplace sales surged

The online marketplace reported $631.3 million in first-quarter revenue, topping analyst estimates of $620.9 million

29.04.2026 5

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Cris tolomia

Disney's new CEO decides to keep ESPN

ESPN will stay inside Disney as the company leans on the sports network to support its push into streaming

29.04.2026 4

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Cris tolomia

AbbVie beat earnings expectations and raised its outlook as newer drugs offset Humira's decline

Skyrizi and Rinvoq together generated more than $6.6 billion in quarterly sales, far outpacing Humira's $688 million

29.04.2026 3

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Cris tolomia

Elon Musk testified at trial that OpenAI's for-profit switch betrayed its founding mission

Musk, the first witness called, said he could have started OpenAI as a for-profit company but chose not to

29.04.2026 4

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Cris tolomia

Resorts World launched New York City's first full-scale casino with live table games

The Queens facility, already operating slots for over a decade, launched more than 240 table games and brought its total workforce to 2,200

29.04.2026 5

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Cris tolomia

Brent crude tops $115 as Iran war talks stall over Hormuz

U.S. gas prices are hovering near highs not seen since the start of the Iran war as Washington weighs extending its blockade of Iranian ports

29.04.2026 3

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Cris tolomia

Shake Shack is adding a slow-cooked boneless baby back rib sandwich to its summer menu

The $12.99 sandwich marks the first time Shake Shack has offered baby back ribs, with the meat hand-deboned and slow-cooked for 9 hours

29.04.2026 7

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Cris tolomia

Volkswagen is recalling nearly 39,000 Taos SUVs over a fuel leak and fire risk

A fuel pressure sensor that can separate in a rear-end crash may allow fuel to leak, violating federal safety standards

29.04.2026 4

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Cris tolomia

SoFi posted record revenue and doubled its profit as membership surged

Net income rose 134% year-over-year to $166.7 million, while loan originations hit a record $12.2 billion

29.04.2026 4

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Cris tolomia

Phillips 66 posted a surprise profit as refining margins beat expectations

The Houston-based refiner earned $207 million in the first quarter, reversing a loss from a year earlier, as crude utilization hit 95%

29.04.2026 3

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Cris tolomia

AstraZeneca posted stronger-than-expected profit and revenue on surging cancer drug sales

Oncology revenue climbed 16% in the quarter, driven by double-digit gains across multiple cancer treatments

29.04.2026 3

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Cris tolomia

Adidas posted stronger-than-expected profit as sneaker and apparel demand held up

Operating profit rose 16% to €705 million in the first quarter, topping analyst forecasts, even as tariffs and a stronger euro weighed on results

29.04.2026 5

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Cris tolomia

Mercedes-Benz posted a smaller profit drop than expected as China sales collapsed 27%

The German automaker's carmaking margin fell to 4.1% from 7.3% a year earlier, but the decline was less steep than analysts had forecast

29.04.2026 4

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Cris tolomia

Volvo Cars posted a surprise profit as EV sales rose and cost cuts took hold

The Swedish automaker earned SEK 1.6 billion in operating income despite a drop in overall revenue and U.S. tariff headwinds

29.04.2026 4

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Cris tolomia

Yum Brands posted stronger-than-expected profits as Taco Bell and KFC drove growth

Adjusted earnings per share of $1.50 topped analyst estimates of $1.38, with Taco Bell posting 8% same-store sales growth

29.04.2026 3

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Cris tolomia

OpenAI is bringing its AI models and coding agent to Amazon's cloud platform

AWS customers can access OpenAI's latest models and its Codex coding agent through Amazon Bedrock, initially in limited preview

28.04.2026 4

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Cris tolomia

Amazon's cloud unit is launching AI software to conduct job interviews and manage supply chains

Amazon Web Services packaged its own hiring and logistics expertise into 2 new products called Connect Talent and Connect Decisions

28.04.2026 4

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Cris tolomia

Gas prices are surging to their highest level of the year as the Iran war grinds on

The national average has climbed 40% since the conflict began in late February, driven by disruptions to Strait of Hormuz shipping

28.04.2026 5

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Cris tolomia