Marcin Frąckiewicz

Bank of England Rate Decision Today: Oil Shock Puts Three UK Rate Hikes Back on the Table

Bank of England Rate Decision Today: Oil Shock Puts Three UK Rate Hikes Back on the Table

Traders are betting on three Bank of England rate hikes by December as Brent crude hits $126.41 a barrel, its highest since March 2022, amid Middle East tensions. The BoE is expected to hold rates at 3.75% today, but markets are watching the vote split and inflation warnings. Ten-year gilt yields closed at their highest since July 2008. Sterling rose 0.1% to $1.3488 ahead of the decision.
April 30, 2026
Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis

Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis

Brent crude futures jumped to $126.41 a barrel Thursday, the highest since March 2022, after reports that President Trump was briefed on new military options against Iran as the Strait of Hormuz remained closed. U.S. benchmark WTI traded above $108. Ship traffic through Hormuz remains far below normal, with just six ships crossing in 24 hours compared to 125–140 before the conflict began.
April 30, 2026
BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market

BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market

BHP’s China iron ore settlement now includes renminbi-based pricing for some sales, sources told The Business Times. China Mineral Resources Group has released previously frozen BHP cargoes at ports, easing a months-long supply backlog. Iron ore futures fell in both Dalian and Singapore as supply concerns eased. BHP shares traded at A$54.95, down 0.87%, in early Melbourne trading.
April 29, 2026
Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat

Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat

Meta Platforms raised its 2026 capital spending forecast to $125–$145 billion, up $10 billion from its earlier range, citing higher component prices and data-center costs. Shares fell about 5% in after-hours trading despite first-quarter revenue of $56.31 billion, which beat analyst expectations. Net income rose 61% to $26.77 billion, boosted by an $8.03 billion tax benefit. Ad impressions increased 19% year over year.
April 29, 2026
Amazon’s AI Cloud Bet Just Got a Big Win — But the $44 Billion Question Won’t Go Away

Amazon’s AI Cloud Bet Just Got a Big Win — But the $44 Billion Question Won’t Go Away

Amazon posted first-quarter net sales of $181.5 billion, beating estimates, as AWS revenue jumped 28% to $37.6 billion. Net income reached $30.3 billion, including $16.8 billion in pre-tax gains from its Anthropic investment. Capital spending hit $44.2 billion, while free cash flow dropped to $1.2 billion. AWS operating income rose to $14.2 billion, with margins at 37.7%.
April 29, 2026
Microsoft’s Azure Beats, But AI Spending Fears Hit Stock After Q3 Earnings

Microsoft’s Azure Beats, But AI Spending Fears Hit Stock After Q3 Earnings

Microsoft reported quarterly revenue of $82.9 billion, up 18%, and net income of $31.8 billion, up 23%, as Azure cloud revenue jumped 40%. Its AI business reached a $37 billion annual revenue run rate. Shares fell nearly 2% in after-hours trading as investors questioned returns on AI spending. Alphabet and Amazon also reported strong cloud results, intensifying competition.
April 29, 2026
PLS Group Limited (ASX:PLS) Shares Hit A$6.17, Then Slip as Lithium Rally Faces Its Next Test

PLS Group Limited (ASX:PLS) Shares Hit A$6.17, Then Slip as Lithium Rally Faces Its Next Test

Gina Carano said she spoke by Zoom with Lucasfilm president Dave Filoni and Mandalorian creator Jon Favreau but did not confirm a return to Star Wars. Carano is set to fight Ronda Rousey on Netflix’s first live MMA broadcast May 16, six days before Disney’s Mandalorian and Grogu opens in theaters. No announcement has been made about her character Cara Dune. Carano settled her lawsuit with Disney in August 2025.
April 29, 2026
Alphabet Earnings Beat Wall Street As Google Cloud Surge Puts Google’s AI Spending Back in Focus

Alphabet Earnings Beat Wall Street As Google Cloud Surge Puts Google’s AI Spending Back in Focus

Alphabet posted first-quarter revenue of $109.9 billion, beating Wall Street estimates, driven by Google Cloud’s $20.03 billion result. Google advertising revenue surpassed $77.2 billion. Analysts had expected total revenue near $107 billion and Google Cloud revenue of $18.4 billion. Investors are watching for details on AI infrastructure spending in the company’s upcoming call.
April 29, 2026
Gold Price Drop Deepens as Fed Holds Rates and Iran War Fuels Inflation Fear

Gold Price Drop Deepens as Fed Holds Rates and Iran War Fuels Inflation Fear

Gold fell 1% to $4,550.39 an ounce in New York Wednesday, touching a one-month low as rising oil prices and U.S. Treasury yields pressured bullion. The Federal Reserve kept rates steady at 3.5–3.75% and cited elevated inflation, partly from higher energy costs due to the Iran war. Brent crude surged over 7% to $119.34 a barrel. Silver dropped 1.8% to $71.75 an ounce, with platinum and palladium also lower.
April 29, 2026
Colorado Kills Tech-Backed Right-to-Repair Rollback in Blow to Cisco, IBM

Colorado Kills Tech-Backed Right-to-Repair Rollback in Blow to Cisco, IBM

A Colorado House committee voted 7-4 to kill SB26-090, which would have exempted some IT equipment in “critical infrastructure” from the state’s right-to-repair law. The bill had passed the Senate earlier this month. The decision leaves in place repair protections for digital electronics that began Jan. 1, including limits on “parts pairing.” Tech companies including Cisco and IBM had backed the measure.
April 29, 2026
Akosombo Dam Flood Alert: VRA Moves as Ada East Flags 2,000 Riverbank Structures

Akosombo Dam Flood Alert: VRA Moves as Ada East Flags 2,000 Riverbank Structures

The Volta River Authority has intensified emergency planning for communities below the Akosombo and Kpong dams after officials flagged over 2,000 unauthorized structures along riverbanks in Ada East. Ghana’s weather agency warns of above-normal rainfall from April to June, increasing flood risks in Accra and Tema. A 2023 dam spillage displaced 38,624 people. District authorities are reviewing permits and may demolish illegal buildings.
April 29, 2026
Visa Stock Jumps After Earnings Beat as Consumer Spending Defies Slowdown Fears

Visa Stock Jumps After Earnings Beat as Consumer Spending Defies Slowdown Fears

Visa raised its full-year revenue and earnings outlook after reporting second-quarter net income of $6.02 billion, up 32%, and adjusted earnings of $3.31 a share, beating estimates. Payments volume rose 9%, cross-border volume 12%, and processed transactions 9% to 66.1 billion. Shares jumped about 8% after the company announced a new $20 billion buyback. Net revenue climbed 17% to $11.23 billion.
April 29, 2026
Fed Meeting Today: Powell’s Final Act Puts Rate Cuts, Warsh and Fed Independence on the Line

Fed Meeting Today: Powell’s Final Act Puts Rate Cuts, Warsh and Fed Independence on the Line

The Federal Reserve is expected to hold interest rates steady Wednesday as Jerome Powell chairs what may be his final meeting. The Senate Banking Committee will vote the same day on Kevin Warsh, Donald Trump’s nominee to replace Powell. Powell’s term as chair ends May 15, but he could stay on the Fed’s board until 2028. Brent crude rose to $114.29 a barrel, fueling inflation concerns.
April 29, 2026
Why Citi’s $52mn Vis Raghavan Hire From JPMorgan Is Suddenly Under Scrutiny

Why Citi’s $52mn Vis Raghavan Hire From JPMorgan Is Suddenly Under Scrutiny

Citigroup’s $52 million hire of Vis Raghavan from JPMorgan Chase is under scrutiny after reports he was dismissed from JPMorgan following complaints about his behavior, days before Citi appointed him as head of Banking. Citi disputes the characterization, saying its process was thorough and began in January. Raghavan’s compensation package and rapid moves since joining have drawn investor and analyst attention. JPMorgan declined to comment.
April 29, 2026
Western Digital Stock Rises as Seagate’s AI Storage Beat Puts $500 Target in Focus

Western Digital Stock Rises as Seagate’s AI Storage Beat Puts $500 Target in Focus

Western Digital shares climbed about 5% Tuesday after Seagate posted stronger-than-expected results and guidance. Analysts at Cantor Fitzgerald and BofA raised their price targets for Western Digital, citing tight hard disk drive supply and strong nearline demand. Options traders are pricing an 11.63% swing after Western Digital reports fiscal third-quarter results Thursday. The company previously guided Q3 revenue to $3.2 billion and adjusted EPS to $2.30.
April 28, 2026
Apple Weather Down: iPhone Users Hit by App Outage as Reports Spike

Apple Weather Down: iPhone Users Hit by App Outage as Reports Spike

Apple Weather users reported blank screens and missing forecast data Tuesday, while Apple’s System Status page showed no problems. Outage tracker StatusGator logged 884 user reports in 24 hours but Apple did not confirm an issue. The cause remains unclear. Complaints continued as the app’s default status left many iPhone users without weather information.
April 28, 2026
New Pixel Weather Rival Gradient Weather Draws Android Buzz — But There’s a Catch

New Pixel Weather Rival Gradient Weather Draws Android Buzz — But There’s a Catch

Gradient Weather, a new Android app from London-based Subtle Signals, is gaining traction as an alternative to Google’s Pixel Weather after Google limited its weather features for non-Pixel users. The app offers customizable alerts, animated effects, and dashboard cards, but some features require a Premium upgrade. Its Play Store listing shows over 1,000 downloads. Pixel Weather remains exclusive to Pixel 6 and newer devices.
April 28, 2026
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