Boeing Co (NYSE:BA, ETR:BCO) will sell $10 billion worth of aircraft to the United Kingdom under a new trade agreement that also secures tariff exemptions for British-made Rolls-Royce engines and aircraft parts, US Commerce Secretary Howard Lutnick said on Thursday.
The order, expected to be announced later today, sent Boeing shares up 3.5% in early trading as investors welcomed the major transatlantic sale and its potential ripple effects across the aerospace sector.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares extended yesterday’s gains in Thursday’s early trading, with investors spurred on by confirmation from the Trump administration of its intention to revoke a Biden-era limit on the export of advanced AI chips.
The current framework, known as the AI diffusion rule, was finalised in January and is due to take effect on 15 May.
Shares of Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) rose nearly 5% on Wednesday after CNBC reported the media conglomerate is considering a split that would separate its legacy cable networks from its film studio and streaming businesses.
The proposed move, which has not been formally announced, would see the company spin off its linear cable and news assets into a separate entity while keeping its film studios, including DC, and streaming platform Max, according to CNBC’s David Faber, citing people familiar with the matter.
Consumer brands firm Kenvue Inc (NYSE:KVUE) traded on the front foot in Thursday’s early deals, as its second quarter beat expectations (but fell short in year-over-year comparatives).
Net sales totalled $3.74 billion in Kenvue’s first quarter, exceeding the consensus forecast of $3.68 billion whilst 3.9% lower than last year’s digit.
Shares of Carvana Co. (NYSE:CVNA) rose nearly 10% on Thursday morning after the online used car retailer crushed first-quarter expectations, delivering record profits and surging unit sales as buyers raced to lock in deals ahead of potential auto tariffs.
Carvana reported earnings per share of $1.51, more than double analysts’ estimates of $0.67, while revenue reached $4.23 billion versus expectations of $3.98 billion.
Coinbase Global Inc (NASDAQ:COIN) announced on Thursday it will acquire Deribit, the world’s largest crypto options exchange by volume, for $2.9 billion in a landmark deal that positions the US-based company as the top global platform for crypto derivatives.
The acquisition, which includes $700 million in cash and 11 million Coinbase shares, marks the largest merger and acquisition in the history of the cryptocurrency industry, according to the Wall Street Journal.
Shopify Inc (TSX:SH., NYSE:SHOP) shares were down nearly 5% on Thursday morning after the Canadian e-commerce platform missed Wall Street expectations for first-quarter earnings and issued a tepid outlook that disappointed investors.
The company posted adjusted earnings of $0.25 per share, below analysts’ expectations, while revenue rose 27% year-over-year to $2.36 billion, slightly ahead of estimates.
Molson Coors Beverage Co (NYSE:TAP) lowered its full-year sales and profit outlook on Thursday after disappointing first-quarter results, citing weaker consumer demand, inflation, and trade concerns.
Shares of the Coors Light and Miller Lite maker fell more than 8% on Thursday morning after the company said it now expects 2025 underlying diluted earnings per share to grow in the low single digits, down from its earlier forecast of high single-digit growth.
Wall Street couldn’t be convinced by Peloton Interactive Inc (NASDAQ:PTON) upgraded outlook as the fitness-tech stock fell in Thursday’s early deals – instead, Peloton’s larger-than-expected loss took precedence.
At 12 cents, Peloton’s loss per share was double the market’s consensus forecast of 6 cents.
Match Group Inc (NASDAQ:MTCH), parent company of the Tinder dating app, saw its stock rising in Thursday’s early deals after it reported revenue ahead of forecasts for the March quarter.
On top of that, Match – which also owns the Hinge and OkCupid dating apps – confirmed cost cutting plans that will result in 13% of its workforce being dumped.
ConocoPhillips (NYSE:COP, ETR:YCP) shares were indicated 1.7% higher in premarket trading after the oil and gas major beat first-quarter earnings expectations and announced a leadership change.
Adjusted earnings came in at $2.09 per share, just ahead of analyst forecasts, supported by a 26% jump in production to 2.38 million barrels of oil equivalent per day.
Chip designer Arm Holdings PLC (NASDAQ:ARM) saw its stock drop around 9% in early trading on Thursday, as new guidance underwhelmed investors.
Arm reported its fourth quarter results showing ‘record’ revenue of $1.25 billion for the three months ended 31 March, up 34% on the same period last year. Royalty revenue reached $607 million, its highest ever for any quarter.
Shares in MMirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) jumped 8% on Thursday morning after the company said talks with potential investors about a lifeline fundraise were still ongoing.
The in-content advertising specialist said it had received initial indications of interest from some investors willing to support a possible equity raise, but cautioned there were no guarantees that any funding would materialise.