Finance

Markets, economy, and industry.

  1. Industry

    Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

    Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

    · #labor #teamsters #breakthru #stlouis

  2. Industry

    Coinbase to cut about 700 jobs, citing market weakness and an ‘AI era’ restructure

    Coinbase will cut about 700 jobs—roughly 14%—and take $50–60M in restructuring charges amid weak crypto markets and a shift toward AI.

    · $COIN #coinbase #layoffs #crypto #restructuring

  3. Economy

    Macklem says Bank of Canada could raise or cut rates if U.S. trade curbs or oil-driven inflation shift outlook

    Bank of Canada Gov. Tiff Macklem warned rates could rise or fall: cuts if U.S. trade curbs dent growth, hikes if sustained oil-driven inflation spreads. Rate held at 2.25%.

    · #canada #bankofcanada #inflation #interestrates

  4. Industry

    UK regulator confirms FCA probes into Mastercard, Visa and PayPal over digital wallet funding

    The UK FCA confirmed antitrust investigations of Mastercard, Visa and PayPal over how PayPal’s digital wallet is funded and used; no findings yet.

    · $PYPL $MA $V #antitrust #payments #paypal #visa #mastercard

  5. Industry

    Trump Grants Presidential Permit for Bridger Cross‑Border Pipeline; Project Still Faces Reviews and Legal Challenges

    President Trump granted a permit April 30 for Bridger’s cross-border pipeline into Montana, but federal and state reviews and legal fights remain.

    · #pipeline #energy #montana #environment #infrastructure

  6. Financial Markets

    SEC Proposes Letting Public Companies File Semiannual 10-S Instead of Quarterly 10-Qs

    The SEC proposed letting U.S. public companies swap quarterly 10-Qs for a single semiannual 10-S, aiming to reduce filings while preserving 8-K disclosures.

    · #sec #disclosure #filings #regulation

  7. Industry

    DHL Teamsters Ratify Four-Year National Contract by 92%, Winning 20% Raises and AI Protections

    Teamsters ratified a four-year national DHL deal, securing a 20% wage increase, higher benefits and explicit safeguards against AI routing and autonomous vehicles.

    · #labor #teamsters #dhl #union #ai

  8. Financial Markets

    Pfizer Keeps 2026 Outlook as Q1 Revenue Rises 5%; COVID Sales Slide

    Pfizer posted 5% revenue growth in Q1 and kept its 2026 outlook, as gains from newer drugs offset steep declines in Comirnaty and Paxlovid sales.

    · $PFE #pfizer #earnings #pharma

  9. Industry

    Bank of Canada study: Canadian ports' global connectivity fell sharply from 2016 to 2023

    Bank of Canada staff research finds a 28% drop in deadweight tonnage through Canadian ports and a marked fall in maritime network connectivity from 2016–2023.

    · #canada #shipping #trade #bankofcanada #ports

  10. Financial Markets

    Cerebras Sets Terms for Revived IPO That Could Raise Up to $3.5 Billion

    Sunnyvale AI-chip maker plans to sell 28m shares at $115–$125 for a Nasdaq CBRS listing; implied valuation about $26.6B with concentrated customers.

    · $CBRS #ai #ipo #semiconductors #cerebras

  11. Industry

    After Spirit: which ULCC carries the same balance sheet?

    Spirit's collapse was structural, not unique. Reading the FY2025 10-Ks of JBLU, ULCC and ALGT side by side, Frontier's debt amortisation profile and 2025 cash burn are closest to the pattern.

    · $SAVE $JBLU $ULCC $ALGT #spirit-airlines #jetblue #frontier #allegiant #ulcc #airlines #bankruptcy #sec-analysis #sec-filings #industry

  12. Industry

    Brazil to Bar Bitcoin and Stablecoin Settlement in Regulated eFX Channel from Oct. 1, 2026

    Brazil’s central bank will ban settlement using bitcoin and stablecoins in its regulated eFX cross-border payments channel, effective Oct. 1, 2026.

    · #brazil #cryptocurrency #stablecoins #payments

  13. Industry

    Apple Posts Best March Quarter Ever, Raises Dividend and Authorizes $100 Billion Buyback

    Apple posted its strongest March quarter—$111.2B revenue—fueled by record iPhone and Services sales; dividend raised and $100B buyback authorized.

    · $AAPL #apple #earnings #aapl #technology

  14. Financial Markets

    April 2026 Was the Most-Hacked Month for Crypto as Drift and KelpDAO Thefts Top $625 Million

    April 2026 saw 28–30 crypto exploits and roughly $625M stolen, largely from Drift Protocol and KelpDAO — attacks that exploited operational and cross‑chain weaknesses.

    · #crypto #defi #hacks

  15. Industry

    STB Says It Received Revised Union Pacific–Norfolk Southern Merger Filing; Completeness Comments Due May 8

    Surface Transportation Board received a revised Union Pacific–Norfolk Southern merger filing; comments on completeness are due May 8, 2026.

    · $UNP $NSC #railroads #mergers #transportation #regulation

  16. Economy

    U.S. Economy Expands 2.0% in Q1 2026 as Inflation Remains Elevated

    Advance BEA estimate: U.S. GDP rose 2.0% annualized in Q1 2026, with core PCE at 4.3% — keeping inflation and Fed policy center stage.

    · #economy #gdp #inflation #federalreserve

  17. Economy

    ECB Holds Rates Steady but Warns Energy Shock Has Raised Inflation Risks

    ECB keeps key rates unchanged and flags heightened upside inflation and downside growth risks after Middle East-driven energy price spike.

    · #ecb #interest-rates #inflation #eurozone

  18. Industry

    Caterpillar Q1 Sales and Profit Jump 22% as Tariff Costs Trim Margins

    Caterpillar's Q1 sales rose 22% to $17.4B and EPS increased, but higher tariff-related manufacturing costs trimmed profit margins.

    · $CAT #caterpillar #earnings #manufacturing #construction

  19. Economy

    Cross-border Bank Credit Surges 11% in 2025, Fastest Annual Growth Since 2008, BIS Says

    BIS data show cross-border bank credit rose 11% in 2025 to $38.1tn — the fastest annual gain since Q1 2008 — led by dollar and euro lending.

    · #economy #bis #crossbordercredit #emergingmarkets