Business 3 May 2026 - 6 May 2026

Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next
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Wetour Robotics Stock Surges 91% Before Reverse Split, With AI Launch Next

Wetour Robotics shares closed at $1.07 Friday, up 15.1% for the day and 91% from the prior week, with trading volume surging to 496,048 shares. The company will launch its Orchestra AI wearable in Austin on May 28 and enact a 1-for-10 reverse split on June 2. Nasdaq will be closed May 25 for Memorial Day. Wetour has an active at-the-market share sale program through Chaince Securities.
May 23, 2026
KPMG Job Cuts Expose Big Four Pressure as Staff Uproar Builds
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KPMG Job Cuts Expose Big Four Pressure as Staff Uproar Builds

KPMG faces staff complaints in the UK over poor communication during a redundancy round affecting more than 500 jobs, mainly in audit and advisory. The UK cuts follow U.S. layoffs of about 400 consultants and the winding down of its federal audit business after losing a Pentagon contract. KPMG UK-Swiss group reported £3.6 billion in revenue for the year to September 2025, with advisory revenue down 3%.
May 6, 2026
GameStop’s $56 Billion eBay Bid Turns Ryan Cohen’s Amazon Ambition Into a Market Test
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GameStop’s $56 Billion eBay Bid Turns Ryan Cohen’s Amazon Ambition Into a Market Test

GameStop CEO Ryan Cohen has made a non-binding $55.5 billion offer to acquire eBay, proposing $125 per share in cash and stock. eBay shares closed at $105.26 Tuesday, well below the offer price, while GameStop’s market value stood at $14.3 billion. GameStop holds about a 5% economic stake in eBay, mostly through derivatives. Financing remains uncertain, with GameStop citing $9.4 billion in cash and a “highly-confident” letter for up to $20 billion.
May 6, 2026
Carnival plc’s London Exit Hits Today as Cruise Giant Moves to One NYSE Stock
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Carnival plc’s London Exit Hits Today as Cruise Giant Moves to One NYSE Stock

Carnival plc shares entered their final hours of London trading Tuesday as the company moves to a single New York-listed stock, following UK court approval on May 1. The London line will be disabled in CREST at 6 p.m., with trading suspended May 6 and cancelled May 7. Carnival shareholders approved the unification and redomiciliation to Bermuda last month. FTSE Russell will remove Carnival from major UK indexes starting May 6.
May 5, 2026
RBC and BMO Near $2 Billion Moneris Sale to Verifone Owner, Report Says
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RBC and BMO Near $2 Billion Moneris Sale to Verifone Owner, Report Says

Royal Bank of Canada and Bank of Montreal are in advanced talks to sell Moneris to Francisco Partners in a deal valuing the payments processor at over $2 billion, the Financial Times reported. Moneris processes about one in three transactions in Canada and serves 325,000 merchant locations. An agreement could be reached by summer, but other bidders may still emerge. All parties declined to comment.
May 5, 2026
Jim Cramer Isn’t Sold on Microsoft Stock — Azure and Copilot Now Face a $190 Billion Test
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Jim Cramer Isn’t Sold on Microsoft Stock — Azure and Copilot Now Face a $190 Billion Test

Microsoft shares traded nearly flat at $413.62 Monday after Jim Cramer called its latest results “okay” but “not joyous.” Fiscal Q3 revenue rose 18% to $82.9 billion, with Microsoft Cloud up 29% and Azure revenue up 40%. CEO Satya Nadella said Microsoft’s AI business reached a $37 billion annual run rate. Capital expenditures hit $31.9 billion for the quarter, with expectations to top $40 billion next quarter.
May 4, 2026
Beazley Plc Takeover Watch: Vanguard’s 5% Filing Puts Zurich’s £8.1 Billion Deal Back in Focus
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Beazley Plc Takeover Watch: Vanguard’s 5% Filing Puts Zurich’s £8.1 Billion Deal Back in Focus

Vanguard disclosed a 5.03% stake in Beazley plc, filing after Zurich Insurance’s £8.1 billion cash takeover cleared a key shareholder vote but still awaits court and regulatory approval. Beazley shares last closed at 1,276.50 pence before the May 4 London holiday, below Zurich’s 1,310 pence offer. Vanguard’s position dated May 1 showed recent small share purchases. The deal’s court sanction is expected in the second half of 2026.
May 4, 2026
Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test
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Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test

Sandisk shares jumped $60.26 to $1,247.26 Monday after reporting fiscal Q3 revenue of $5.95 billion and announcing $42 billion in new long-term contracts. The stock hit an intraday high of $1,274.77. Analysts raised price targets, citing contract-driven revenue and AI storage demand. Sandisk also launched a $6 billion share repurchase program after repaying all debt.
May 4, 2026
Poste Italiane-TIM Takeover Faces Q1 Results Test as Debt and Agcom Move Into Focus
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Poste Italiane-TIM Takeover Faces Q1 Results Test as Debt and Agcom Move Into Focus

Telecom Italia is expected to report Q1 revenue of 3.32 billion euros and adjusted net debt of 7.31 billion euros, as Poste Italiane pursues a cash-and-share takeover. Both boards meet May 6 ahead of Poste’s results presentation. Poste shares fell 2.26% and TIM dropped 2.32% Monday in Milan trading. Italy’s regulator said the offer poses no significant consequences for now.
May 4, 2026
IMI Shares Slip as £500 Million Buyback Puts Q1 Update in Focus
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IMI Shares Slip as £500 Million Buyback Puts Q1 Update in Focus

IMI plc shares closed down 2.01% at 2,736 pence on May 1, the last trading day before London’s bank holiday. The company reported buying back 104,734 shares for cancellation, part of a £500 million repurchase plan. Investors await IMI’s first-quarter trading update and annual meeting on May 12. IMI’s issued share capital stood at 254,304,955 shares as of April 30.
May 4, 2026
Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens
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Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens

Reckitt Benckiser’s Bangladesh unit posted a 28.31% drop in first-quarter profit to Tk10.99 crore, with revenue down to Tk132.61 crore from Tk147.34 crore. Earnings per share fell to Tk23.26 from Tk32.45. Parent company sales growth missed analyst expectations, and first-half margins are forecast to be two percentage points lower than last year. Demand for hygiene brands in Bangladesh has eased since the pandemic.
May 4, 2026
GSK Wins Paxil Trademark Fight in India, But Its Bigger Test Is Still Ahead
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GSK Wins Paxil Trademark Fight in India, But Its Bigger Test Is Still Ahead

The Bombay High Court ordered Shreya Life Sciences to remove its registration of the Paxil trademark, siding with Glaxo Group Limited, part of GSK. The court found Shreya had not used the mark since registering it in 2005. GSK’s ADRs fell 1.2% to $51.01 in early New York trading. Investors remain focused on GSK’s vaccine and HIV businesses rather than the trademark ruling.
May 4, 2026
Shell Plc Bets Bigger On Gulf Of Mexico As Ineos Tie-Up Puts Fort Sumter Back In Play
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Shell Plc Bets Bigger On Gulf Of Mexico As Ineos Tie-Up Puts Fort Sumter Back In Play

Shell and Ineos Energy are advancing oil and gas exploration near the Appomattox platform in the Gulf of Mexico, including development of the Fort Sumter discovery, The Times reported. The move comes as Shell faces scrutiny over reserve replacement and follows its $14 billion deal to buy Canada’s ARC Resources. Ineos gained its Appomattox stake after acquiring CNOOC’s Gulf assets in April 2025. Shell holds a 79% interest in Appomattox, Ineos 21%.
May 4, 2026
Unilever’s India Rally Puts Its Price-Hike Plan Under Fresh Scrutiny
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Unilever’s India Rally Puts Its Price-Hike Plan Under Fresh Scrutiny

Hindustan Unilever shares climbed 2.6% to ₹2,309.05 on Monday, outpacing India’s market after Unilever’s global cost warnings and price hike plans. Unilever reported 7% sales growth in India and began a €1.5 billion share buyback. The company faces €750–900 million in expected cost inflation this year, with price increases likely to continue. Unilever’s London shares rose 2.56% on Friday to £44.07.
May 4, 2026
ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price
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ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price

ideaForge Technology shares hit their 20% daily price cap Monday after the drone maker reported a March-quarter net profit of ₹59.99 crore, reversing a loss a year earlier. Revenue surged 594% to ₹141.04 crore, driven by defence orders. The stock closed at ₹731.10 on BSE, above its IPO price. IIFL upgraded the stock to “buy” and raised its target price to ₹1,187.
May 4, 2026
WiseTech Global Faces Fresh Fair Work Fight as AI Job Cuts Roll On
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WiseTech Global Faces Fresh Fair Work Fight as AI Job Cuts Roll On

WiseTech Global’s former head of tax, Melina Green, has lodged a claim with Australia’s Fair Work Commission over her dismissal, the Australian Financial Review reported. The dispute comes as WiseTech implements a major AI-driven restructure, cutting about 2,000 jobs over two years. The company’s shares closed at A$43.72 before Monday’s trade in Sydney. WiseTech has not issued a market update on the employment claim.
May 3, 2026
Qantas and Jetstar Cuts Stretch to September as Fuel Shock Hits Australian Travellers
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Qantas and Jetstar Cuts Stretch to September as Fuel Shock Hits Australian Travellers

Qantas and Jetstar will extend domestic flight capacity cuts through September due to Australia’s ongoing aviation fuel shortage, also trimming international schedules for the July-September quarter. Sydney-Bengaluru flights will be suspended from August to October, while extra Perth-Rome and Paris flights will add 2,000 seats weekly to Europe. The federal government has secured new jet fuel shipments. Jet fuel prices have more than doubled since Qantas’s last update.
May 3, 2026
IAG’s $1.35 Billion RAC Insurance Deal Hits Its ACCC Deadline Today
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IAG’s $1.35 Billion RAC Insurance Deal Hits Its ACCC Deadline Today

Insurance Australia Group’s A$1.35 billion bid for RAC Insurance faces a regulatory deadline Monday, with submissions due to the ACCC’s in-depth review. The deal would combine Western Australia’s two largest home and motor insurers. The ACCC is examining possible impacts on competition and repair services. IAG and RAC both say they remain confident and await the regulator’s decision.
May 3, 2026
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Stock Market Today

  • Nvidia Posts Strong Earnings but Stock Stagnates Amid Investor Caution
    May 24, 2026, 3:27 AM EDT. Nvidia (NASDAQ:NVDA) reported Q1 2027 revenues up 85% to $81.6 billion and earnings per share soaring 140%. Its data center division, crucial for AI operations, grew 92%, split between public cloud and AI specialists. The company forecasted Q2 revenue growth of 94% year-on-year, with new products like Vera Rubin planned for Q3. Despite robust numbers and accelerating sales growth, Nvidia's stock showed little movement, reflecting market hesitation. Investor caution mirrors broader tech stocks, where strong earnings gear against uncertainty over AI's impact. Analysts highlight concerns about Nvidia's heavy investments in customers, raising questions about exact profitability. The market awaits clearer signals before driving stock momentum.