PG&E Reports Sharp Rise in First-Quarter Revenue and Profit
Pacific Gas & Electric's parent company posted increased net income and revenue in the first quarter, benefiting from artificial intelligence demand.
Pacific Gas & Electric's parent company posted increased net income and revenue in the first quarter, benefiting from artificial intelligence demand.
World's largest meatpacker JBS posted a $617 million adjusted operating loss in its beef division while achieving record fourth-quarter revenue.
Giorgio Armani may divide a 15% stake in his fashion empire among three major companies, according to Italian media reports.

Treasury Secretary Scott Bessent confirmed a proposed executive order requiring banks to collect citizenship information is being developed.

JPMorgan Chase has challenged characterizations made by Chiraya Rana regarding his role at the bank amid ongoing sexual assault allegations.

Parker, a corporate credit card and banking services startup, has filed for bankruptcy and reportedly ceased operations.

The S&P 500 continued its six-week winning streak as better-than-expected corporate earnings drove stock market gains to new records.
Convenience chain 7-Eleven plans to close 645 locations in North America during fiscal year 2026, outpacing 205 planned openings.
Authorities are investigating an Indian company that owns a Swiss gold refinery for allegedly inflating revenue by $159 billion.

Data shows single Gen Z women buy homes at nearly twice the rate of men, while other research reveals men spending heavily on dating advice services.
Rising fuel prices prompted a significant increase in hybrid vehicle purchases as consumers sought better gas mileage.

Financial analysts are expressing caution about current market conditions as momentum trading strategies reach unusually high levels.
Market developments show contrasting trends with frontier market inflows, Hong Kong IPO activity, and growing doubts about momentum rally sustainability.
Kevin Hassett dismissed Jeffrey Gundlach's debt proposal while the DoubleLine CEO prepares for potential debt crisis.

Financial analysts Jim Cramer and Ed Yardeni offer contrasting views on what will determine if stock markets have reached their bottom.
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