Four Companies Schedule Investor Events and Product Launches

 

Houston. Nauticus Robotics announced an earnings conference call for the quarter ended March 31, 2026, scheduled for May 19, 2026 at 9:00 a.m. Central Time; registration and a listen-only webcast link were provided in the May 12 PRNewswire release. Reno's Dragonfly Energy launched a redesigned Battle Born e-commerce site on...

Altman Testifies as Musk Seeks OpenAI Leadership Change

 

OAKLAND, California: Sam Altman took the witness stand Tuesday in a federal trial in Oakland to defend his leadership of OpenAI against a lawsuit filed by co-founder Elon Musk seeking Altman's removal. Altman testified about concerns over Musk's attempts to gain control as OpenAI transitioned from a nonprofit to a...

United States tweet sparks $370 million crypto liquidations

 

Washington, United States – The cryptocurrency market saw sharp volatility on Tuesday, May 12, 2026, after a social media post by U.S. President Donald Trump coincided with escalating tensions over Iran and rising energy prices. Bitcoin, which had traded above $82,000 earlier in the week, fell toward the $76,000 support...

Multiple Corporates Report Quarterly Results, Mixed Market Reactions

 

Baltimore and other U.S. cities on Tuesday saw corporate quarterly releases as Under Armour reported a $43.4 million fiscal fourth-quarter loss and provided full-year guidance, while Alliance Laundry, Vestis and Aramark reported quarterly profits and revenue figures. Each report listed EPS, adjusted EPS, and revenue metrics tied to analyst estimates. The...

Multiple companies report stronger-than-expected Q1 earnings this week

 

ARLINGTON, Va. Venture Global Inc. reported first-quarter profit of $556 million on Tuesday, or $0.19 per share, and generated $4.6 billion in revenue. The Arlington-based exporter of liquid natural gas said the results surpassed Wall Street expectations: the average earnings estimate of seven analysts surveyed by Zacks Investment Research was...

United States markets rally despite Iran port blockade

 

Washington, United States – Bitcoin climbed above $75,000 on Tuesday as U.S. equities also advanced, even as geopolitical tensions escalated following a U.S. military blockade targeting Iranian ports and parts of the Strait of Hormuz. The gains in cryptocurrency and stocks came after a breakdown in peace talks between the...

U.S. firms report mixed first-quarter 2026 financial results

 

PARSIPPANY, N.J. — Lincoln Educational Services Corporation reported continued momentum in the first quarter ended March 31, 2026, with revenue rising 22.5% to $144.0 million, net income more than doubling to $4.4 million ($0.14 per share), and adjusted EBITDA increasing 85% to $15.5 million. Net cash from operating activities improved...

United States workplaces see accelerating AI job displacement

 

Artificial intelligence is displacing thousands of jobs across the United States as businesses integrate automated tools into everyday operations. Over roughly the past two years, AI systems have quietly taken over routine and predictable tasks in sectors such as marketing, technology, translation, administration, and management. Senior Microsoft engineer Nandita Giri...

Corporate Developments: Conviction, Offering, Contract, Earnings Report

 

United States — On May 11, 2026, multiple corporate disclosures were published: Beneficient issued a statement following the conviction of its former Chairman and CEO, Brad Heppner, in the Southern District of New York; Par Pacific announced an intended $500 million private placement of senior unsecured notes; SciTec, a Firefly...

Investec Discloses Client Dealings Across Four UK Firms

 

United Kingdom. Investec Bank plc disclosed public dealings as an exempt principal trader under Rule 8.5 of the Takeover Code, reporting client-serving transactions dated 8 May 2026 involving NCC Group plc, Gamma Communications Plc, CAB Payments Holdings plc and Advanced Medical Solutions Group plc; Taiwan News published the Form 8.5...