Business 7 May 2026 - 8 May 2026

LegalZoom Drops Ahead of Shareholder Meeting as AI Fight Hangs Over Stock
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LegalZoom Drops Ahead of Shareholder Meeting as AI Fight Hangs Over Stock

LegalZoom.com traded lower in premarket Wednesday, with the stock near $6.53 as investors prepared for the company’s annual meeting. Shares have had trouble translating stronger sales into better numbers on the bottom line. The latest price was off 14.5 cents from Tuesday’s close, giving LegalZoom a market cap near $1.16 billion. The timing sets the scene. U.S. markets are open as usual, and Nasdaq’s 2026 holiday list shows the next full day off is Juneteenth, June 19. LegalZoom’s shareholder meeting is scheduled for later in the day, not on a weekend or holiday.
June 3, 2026
KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus
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KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus

S.B. Pandit, the founder and chairman of KPIT Technologies, passed away Friday morning in Pune, according to a filing with the BSE and NSE signed by CFO Priyamvada Hardikar. The automotive software company, headquartered in Pune, called his death a deep loss, describing Pandit as the driving force behind KPIT’s rise to prominence in India’s mobility software sector. The timing is key here. KPIT is working to shore up investor sentiment after posting disappointing profits, even as its deal pipeline gained momentum. For Q4FY26, revenue came in around $185 million, with rupee revenue up 12.0% year-on-year. Fresh contracts totaled $349 million—two of those counted as major strategic wins.
May 8, 2026
Apple-Intel Chip Deal Could Break TSMC Grip As Intel Stock Surges
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Apple-Intel Chip Deal Could Break TSMC Grip As Intel Stock Surges

Intel has struck a tentative agreement to produce chips for Apple, according to the Wall Street Journal, signaling a possible win for the U.S. chip giant’s efforts to revive its contract manufacturing arm. No word yet on which Apple devices might end up with Intel-manufactured components. Timing is key here. Apple wants to loosen its reliance on Taiwan Semiconductor Manufacturing Co., searching for more flexibility in its supply chain. Intel, on the other hand, is in need of a major external client to show its foundry business—those plants producing chips for third parties—can really play in the top league.
May 8, 2026
Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play
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Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play

Nvidia stayed on top as the most valuable public company in midday trading Friday, with shares up 2.3% at $216.45 for a market cap around $5.30 trillion. Alphabet’s Class A shares edged up 0.2% to $398.85, putting its value at about $4.83 trillion—roughly $467 billion behind Nvidia, but keeping the Google parent firmly in Wall Street’s AI spotlight as it chases the $5 trillion mark. This contest holds weight: investors have moved past seeing artificial intelligence as just a chip-supply narrative. Alphabet is pushing to prove AI’s value across search, cloud software, and company productivity tools. Nvidia, still the benchmark for the hardware spend that fueled the boom, hasn’t lost its grip.
May 8, 2026
Former WHSmith Chain TG Jones Faces July Administration Deadline as 150 Stores Could Shut
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Former WHSmith Chain TG Jones Faces July Administration Deadline as 150 Stores Could Shut

TG Jones, which was previously known as the WHSmith high street chain, has warned lenders it faces possible administration by July 31 if it can’t get its restructuring plan through both creditors and the High Court. That plan, which could lead to as many as 150 store closures, is set for a creditor vote before heading to a High Court hearing on June 29. The deadline now puts pressure on turning what started as a store-cutting plan into a last-ditch rescue for one of Britain’s most recognizable ex-high street chains. Administration, a UK insolvency procedure, hands the business and its assets over to an appointed administrator.
May 8, 2026
L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead
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L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead

Larsen & Toubro’s Buildings & Factories unit secured a series of large real-estate contracts from a client, with projects lined up in Hyderabad, Mumbai, and Karnataka. The fresh wins come just days after the Indian contractor flagged that growth could cool due to Middle East disruptions, as it looks to bolster its domestic order book. Timing is key here. L&T, aiming to keep its order momentum alive after projecting 10%–12% revenue and order-book growth for this fiscal year, now faces headwinds as the Middle East conflict disrupts shipments, payments, and puts project execution at risk.
May 8, 2026
Kalyan Jewellers Q4 Results: Profit Jumps 118%, Dividend Declared As Stock Rises
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Kalyan Jewellers Q4 Results: Profit Jumps 118%, Dividend Declared As Stock Rises

Kalyan Jewellers India reported a 118.2% rise in March-quarter profit on Friday and recommended a final dividend, helped by strong wedding and festival demand. The stock rose after the earnings release. The result matters now because investors have been watching whether organised jewellery chains can keep growing while gold prices stay high. It is also a read-through for discretionary spending before the June-quarter wedding season, when Indian jewellery demand usually picks up.
May 8, 2026
Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show
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Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show

Titan Company posted a 35% jump in net profit for the March 31 quarter, but still fell short of profit forecasts on Friday. Higher spending on raw materials and advertising dented margins, even as jewellery demand held firm. Quarterly profit came in at ₹1,179 crore, with one crore equal to 10 million rupees. Titan’s timing is in focus. Investors are eyeing the stock to gauge if surging gold prices are just inflating receipts or actually luring buyers back through the doors. In its April update, the company flagged that jewellery buyer growth swung to high single digits in Q4, a noticeable uptick following almost flat growth across the first three quarters of FY26.
May 8, 2026
IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure
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IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure

International Consolidated Airlines Group SA flagged on Friday that it now expects 2026 profit, free cash flow and capacity to fall short of previous guidance, with the British Airways parent feeling the squeeze from rising jet fuel costs linked to the Middle East conflict. Awkward timing for IAG, with peak summer travel right around the corner. The company is weighing how much capacity to put in the air, how much of the fuel price spike it can absorb, and how much to hand off to passengers. IAG now pegs its yearly fuel bill at roughly €9.0 billion and anticipates clawing back about 60% of those higher costs via ticket prices and various cost measures. Free cash flow—money left after business
May 8, 2026
Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up
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Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up

Unilever PLC kicked off its €1.5 billion share buyback with roughly 3.3 million ordinary shares snapped up as the company pushes ahead with its strategy to focus more on beauty, personal care, and home care. Purchases took place on the London Stock Exchange and other venues between April 30 and May 1, according to a regulatory filing. The shares are headed for treasury. The buyback’s timing stands out now, becoming the most prominent element in a break-up narrative that still hasn’t convinced investors. According to Morningstar, Unilever shares are off to their weakest annual start since 2009, with the market unsettled by uncertainty around what the company will look like after it merges its food unit with McCormick.
May 8, 2026
RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope
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RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope

RTL Group slid to 32.68 euros on Lang & Schwarz by late Thursday, off 0.46%, with German retail forums once more questioning if the broadcaster’s decline was overdone. wallstreetONLINE numbers put RTL down 13.56% across five sessions, and 10.62% in the past month. It’s an uncomfortable moment for RTL. The company reports its first-quarter numbers on May 13, just weeks before the scheduled June 1 closing of its Sky Deutschland acquisition. Investors will have to weigh whether boosting streaming and pay-TV can make up for sluggish traditional TV ad revenue.
May 7, 2026
Suncor’s C$2.1 Billion Profit Reveals Canada’s Jet-Fuel Opening
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Suncor’s C$2.1 Billion Profit Reveals Canada’s Jet-Fuel Opening

Suncor Energy Inc. is capitalizing on tighter global fuel supplies, lifting sales of jet fuel and diesel made in Canada—first-quarter net earnings hit C$2.1 billion, and refined product sales topped out at a record 680,900 barrels per day. According to The Canadian Press, those cargoes are landing in places like Puerto Rico, the Philippines, the Caribbean, and Europe. Timing is key here. As fuel security takes center stage—beyond just crude supplies—Middle East volatility has sent oil prices whipping around, opening a window for refiners able to move product and reach export markets to snag premium pricing. Suncor, according to Reuters, topped Wall Street’s forecasts thanks to increased production and refinery runs, which cushioned the blow of oil-market turbulence.
May 7, 2026
IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal
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IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal

Thursday’s quarterly update from IREN Limited is shaping up as an early measure of whether the former bitcoin miner’s aggressive, expensive pivot to AI infrastructure will start delivering more reliable revenue. Awkward timing, but significant. IREN rolled out news of its Mirantis partnership, fired up a big Texas power facility, and it’s still adding to its Nvidia chip pile. Analysts, though, are sticking with forecasts for a quarterly loss, and investors are scanning the results to see whether Microsoft’s AI push is moving the needle yet.
May 7, 2026
Emirates Just Bought 29 Airbus A380s. Its Superjumbo Bet Is Not Over
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Emirates Just Bought 29 Airbus A380s. Its Superjumbo Bet Is Not Over

In its 2025-26 financial year, Emirates shifted gears, snapping up 29 Airbus A380s and five Boeing 777s as their leases wrapped up—effectively bringing more of its fleet in-house rather than leasing. The world’s largest A380 operator is doubling down on the double-decker, putting more faith in the jet. The deals stand out, given the A380’s production line has shut down and fresh wide-body slots are scarce. Airbus made it official back in 2019, announcing deliveries would wrap up in 2021 after Emirates trimmed its commitments. That decision effectively left carriers seeking ultra-large jets with slim pickings for new aircraft.
May 7, 2026
Trent Bonus Share Date Changed: Zudio Parent Sets June 4 Cut-Off For 1:2 Issue
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Trent Bonus Share Date Changed: Zudio Parent Sets June 4 Cut-Off For 1:2 Issue

Trent Ltd pushed back the record date for its 1:2 bonus share issue to June 4, after originally setting it for May 29. Investors now have until the new deadline to qualify for the Tata Group retailer’s first-ever bonus issue. The shift was announced by the company in a May 6 exchange filing. The timing is crucial here: the record date determines which shareholders are on the books when a company finalizes a corporate action. For Trent, that 1:2 bonus translates to investors picking up one extra equity share for every two fully paid shares in their account, pending the green light from shareholders and regulators.
May 7, 2026
Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening
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Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening

Anthropic struck a deal to tap every bit of available capacity at SpaceX’s Colossus 1 data center, looking to ease a crunch in computing power. CEO Dario Amodei recently acknowledged demand for Claude has blown past what the company expected. Under the new agreement, Anthropic expects to bring on board over 300 megawatts of capacity and more than 220,000 Nvidia GPUs within the next month. The timing is critical here: “compute”—the actual chips, electricity, and data-center capacity that power and train AI models—has set a ceiling for the biggest AI labs. At a San Francisco developer conference, Amodei said Anthropic had braced for usage and revenue to jump by 10 times, maybe a bit more. Instead, it shot up 80
May 7, 2026
Nissan’s Kyushu Shift Just Became the Hardest Test of Its Turnaround
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Nissan’s Kyushu Shift Just Became the Hardest Test of Its Turnaround

KANDA, Japan, May 7, 2026, 08:06 JST Nissan Motor’s decision to move vehicle manufacturing from the longstanding Oppama plant outside Tokyo down to its Kyushu facility is emerging as a critical challenge for Chief Executive Ivan Espinosa’s turnaround efforts. The company also announced cuts of roughly 900 jobs in Europe, consolidating production at its Sunderland plant in the UK.
May 7, 2026
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