HSBC Posts Flat Quarterly Net Profit
The London-based bank said first-quarter net profit was largely flat as higher credit charges amid the Middle East conflict offset the strength in its Hong Kong, U.K. and wealth businesses.
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Bud Brewer AB InBev Says Sales Are Rebounding
The world's largest brewer booked a 0.8% organic increase in total volumes over the first three months of the year, ending a period of sliding volumes.
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Ahead of Race to IPO, OpenAI Discussed Spinning Out Robotics, Hardware Divisions
The company is considering an Alphabet-like structure for its portfolio of products, though no discussions are currently active.
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Regis Resources to Acquire Vault Minerals to Create $7.67 Billion Gold Miner
The combined entity will have a pro forma market capitalization of about $7.67 billion, and annual gold production estimated at more than 700,000 troy ounces.
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Morgan Stanley's Investment Banking Program in Budapest Hit by U.S. Probe
Finra has launched an inquiry asking about unlicensed junior investment bankers in Hungary working on deals for clients in the U.S. and Europe.
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IBM CEO Says AI Triggers Need for New Operating Models
Arvind Krishna says the key to unlocking returns on AI is less about technology alone than a wholesale shift in the way companies approach their workflows.
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AMD Earnings Are Coming. AI Spending Is Driving Growth.
Advanced Micro Devices is expected to post strong growth driven by AI data center demand, though pricing pressure could weigh on margins.
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Palantir Beats Forecasts With $1.63 Billion Quarter as Sales Accelerate
On a call with analysts, the data company seeks to play down concerns about AI competition that have weighed on the stock.
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Anthropic and FIS Are Building an AI Agent to Help Banks Police Financial Crimes
The AI giant struck a partnership with financial software provider FIS to develop new tools for banks.
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Berkshire Picks Gen Re Chairman as Insurance Star Ajit Jain's Successor
Charlie Shamieh, an insurance-industry veteran, is slated to succeed Jain whenever he is ready to retire.
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The Secret Team Blowing Up Ford's Assembly Line to Make a $30,000 Electric Truck
The automaker brought together Silicon Valley techies and industry misfits in a quest to beat China at EVs.
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SEC to Settle Lawsuit Against Elon Musk Over Twitter Share Purchases
The case had alleged that Musk failed to timely disclose his buildup of ownership in the social-media platform he later renamed X.
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California Wants to Throw the Book at State Farm Over Wildfire Claims
State seeks millions in fines, says insurer 'buried policyholders in red tape at the worst moment of their lives'.
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Paramount's Revenue Rises on Streaming, Studios Growth
The entertainment company reaffirmed it plans to close the deal for Warner Discovery by the end of the third quarter.
(END) Dow Jones Newswires
May 05, 2026 03:00 ET (07:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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