Meta Platforms Inc. is planning to raise between $20 billion and $25 billion through an investment-grade bond sale. The move comes as the company accelerates spending on infrastructure to capitalise on the artificial intelligence boom, people familiar with the matter told Bloomberg. The offering is expected to be split into as many as six tranches.
Shares of Meta Platforms fell sharply in early trading on Thursday, dropping around 9%. The move comes despite the company reporting better-than-expected first-quarter results, as investors reacted to a significant increase in capital expenditure guidance. The decline underscores growing market sensitivity to the cost of artificial intelligence investments, even as revenue and profitability remain strong.
Nexo, a digital assets wealth platform, has expanded its Zero-Interest Credit (ZiC) product to include Solana’s SOL and Ripple’s XRP as supported collateral assets. With this move, Nexo becomes the first platform to offer 0% APR, no-liquidation lending backed by either asset, adding to its existing BTC and ETH collateral options. ZiC, which was named
ExxonMobil, the world’s largest publicly traded energy giant, is set to release its fiscal first-quarter 2026 earnings report before the US market opens on May 1. These will be the company’s first full quarterly results since the outbreak of the Hormuz conflict, with investors keenly watching the impact on its bottom line. ExxonMobil’s revenue is
Shares of Alphabet Inc. surged on Thursday after the company delivered a strong first-quarter earnings report, easing investor concerns over its rising capital expenditure tied to artificial intelligence infrastructure. The stock gained 7.74% to $374.22, its 52-week high, as markets responded positively to robust growth across its cloud and core advertising businesses, even as spending
LayerZero (ZRO) has gained about 5% over the past 24 hours, rebounding from lows near $1.40 to trade around $1.50. The move snaps a two-day decline and comes as the broader crypto market attempts to push higher, with several DeFi tokens posting gains as investors look past recent security-related concerns. While the recovery suggests improving
Bio Protocol (BIO) continues to trade around $0.03242, showing steady short-term strength after a sharp increase in activity across both price and volume. Over the last 24 hours, the token has gained 5.8%, outperforming the broader crypto market, which recorded a 1.41% rise over the same period. This divergence highlights a more aggressive flow of
Bloom Energy share price popped by 20% on Wednesday as market participants cheered the strong earnings report. BE jumped to a record high of $271, up by 1,600% from its lowest level in 2025. This surge has turned it into a nearly $70 billion juggernaut. So, will the rally continue or is the end nearing?
Yum Brands on Wednesday reported quarterly earnings and revenue that exceeded analysts’ expectations, supported by another strong performance from its Taco Bell division. The company posted adjusted earnings per share of $1.50, surpassing estimates of $1.38, according to a survey by LSEG. Revenue came in at $2.06 billion, slightly ahead of expectations of $2.04 billion.
Seagate Technology delivered a strong set of third-quarter results that comfortably exceeded Wall Street expectations, sending its shares sharply higher in premarket trading and reinforcing investor confidence in the durability of artificial intelligence-driven demand for data storage. The hard-drive maker reported adjusted earnings of $4.10 per share for the quarter, more than doubling from $1.90