News 4 March 2026 - 5 March 2026

Newell Brands Stock Just Slid Again — Why the Sharpie Maker’s Turnaround Is Being Tested
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Newell Brands Stock Just Slid Again — Why the Sharpie Maker’s Turnaround Is Being Tested

Newell Brands shares fell about 4% Thursday afternoon to $3.515, underperforming broad U.S. market gains. The drop follows a brief rebound and comes ahead of Friday’s dividend record date. Investors remain cautious despite a raised 2026 outlook, citing weak sales, high debt, and unresolved tariff refunds. Trading volume stayed below average as the stock continued to lag sector peers.
May 28, 2026
Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions
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Morgan Stanley layoffs: Wall Street bank cuts 2,500 jobs across all divisions

Morgan Stanley has cut about 2,500 jobs across all divisions, roughly 3% of its workforce, according to the Wall Street Journal. The layoffs began last week and peaked Wednesday. The bank did not immediately comment, and Reuters could not independently verify the report. Roles affected include private bankers, back-office staff, and some mortgage-related positions.
March 5, 2026
Meta signs White House power pledge as AI data centers put U.S. electricity bills in focus
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Meta signs White House power pledge as AI data centers put U.S. electricity bills in focus

Meta, Amazon, Google, Microsoft, OpenAI, Oracle, and xAI signed a White House pledge to cover new power and grid costs for data centers, aiming to prevent higher household electricity bills. The Trump administration announced the agreement as AI-driven data center expansion faces local opposition and scrutiny over energy use. Critics say the voluntary pledge may be difficult to enforce and may not address power supply delays.
March 4, 2026
Broadcom stock after earnings: AI chip outlook tops estimates, buyback in focus
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Broadcom stock after earnings: AI chip outlook tops estimates, buyback in focus

Broadcom shares rose 1.1% to $317.53 in after-hours trading after forecasting second-quarter revenue of about $22 billion, topping analyst estimates. First-quarter revenue climbed 29% to a record $19.31 billion, with AI chip sales up 106% year-on-year to $8.4 billion. The company authorized a new $10 billion share buyback and kept its dividend unchanged. Investors await further details on margins and AI demand in the earnings call.
March 4, 2026
Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view
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Amazon stock price jumps after $427 million Virginia campus buy puts AI data centers back in view

Amazon shares rose 3.9% to $216.77 in after-hours trading Wednesday after announcing a $427 million purchase of George Washington University’s Virginia Science and Technology campus in Ashburn for new data-center capacity. The company faces zoning hurdles and local power constraints for the site. Investors await Friday’s U.S. jobs report as Amazon projects $200 billion in 2026 capital expenditures.
March 4, 2026
SoFi Technologies’ Mastercard stablecoin deal puts SoFiUSD settlement in focus as CEO buys $1 million of SOFI stock
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SoFi Technologies’ Mastercard stablecoin deal puts SoFiUSD settlement in focus as CEO buys $1 million of SOFI stock

SoFi will partner with Mastercard to settle card payments using its SoFiUSD stablecoin, the companies said Tuesday. CEO Anthony Noto bought 56,000 shares for about $1 million, according to a regulatory filing. SoFi shares rose 0.8% to $18.75, while Mastercard slipped 0.1% on Wednesday. SoFiUSD is issued by SoFi Bank and backed one-for-one by cash.
March 4, 2026
Battalion Oil Corporation taps new investor for $15 million at $5.50 as BATL stock swings
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Battalion Oil Corporation taps new investor for $15 million at $5.50 as BATL stock swings

Battalion Oil Corporation said it will raise about $15 million in a private placement at $5.50 per share, with net proceeds of $14.1 million expected. The unnamed institutional investor deal is set to close March 4. Shares surged to $29.70 Tuesday before falling 33% to $18.58 Wednesday. The company recently sold West Quito Draw assets for $60.1 million.
March 4, 2026
Ross Stores (ROST) stock jumps nearly 7% as spring outlook, buyback plan draw buyers
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Ross Stores (ROST) stock jumps nearly 7% as spring outlook, buyback plan draw buyers

Ross Stores shares rose 6.9% to $211.35 Wednesday after reporting fourth-quarter sales up 12% to $6.6 billion and earnings per share of $2.00, both above guidance. Comparable store sales climbed 9%, and the company launched a $2.55 billion share buyback and raised its dividend. Executives cited strong traffic and broad gains across categories. Ross forecast 7%–8% comparable growth for the current quarter ending May 2.
March 4, 2026
Western Digital stock jumps as CEO flags hyperscaler orders through 2028
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Western Digital stock jumps as CEO flags hyperscaler orders through 2028

Western Digital shares jumped 6.3% to $266.36 Wednesday afternoon, rebounding with storage peers after executives cited longer cloud customer order commitments and a firmer price outlook. CEO Irving Tan said top hyperscale clients have placed orders through 2028. Traders are watching Friday’s U.S. jobs report and the Fed’s March meeting for signals on rates and risk appetite.
March 4, 2026
Hilton takes over ex-Palazzo Versace on Australia’s Gold Coast — LXR brand lands in 2027
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Hilton takes over ex-Palazzo Versace on Australia’s Gold Coast — LXR brand lands in 2027

Hilton signed a deal to manage and rebrand the former Palazzo Versace hotel on Australia’s Gold Coast under its LXR luxury label, with reopening set for 2027 after renovations begin in coming months. The hotel, currently trading as The Imperial, will remain open during the overhaul. Hilton shares were down 0.3% at $305.05 in New York afternoon trading. Financial terms were not disclosed.
March 4, 2026
ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears
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ServiceNow stock rises as CEO share-buy filing lands and Morgan Stanley chat nears

ServiceNow shares climbed 1.3% to $114.66 Wednesday afternoon, rebounding after weeks of losses but still 46% below last July’s high. CEO William McDermott bought nearly $3 million in shares last week, according to an SEC filing. The company recently expanded its buyback authorization by $5 billion. McDermott is scheduled to speak at a Morgan Stanley conference later Wednesday.
March 4, 2026
AST SpaceMobile stock jumps after Telus signs Canada satellite-to-phone deal, takes equity stake
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AST SpaceMobile stock jumps after Telus signs Canada satellite-to-phone deal, takes equity stake

TELUS will take an equity stake in AST SpaceMobile and invest in ground infrastructure to support satellite-to-phone service across Canada, the companies said Wednesday. AST shares rose about 12% after the announcement. Service is planned for late 2026 using standard smartphones and low-Earth-orbit satellites. AST reported Q4 revenue of $54.3 million and a net loss of $74 million.
March 4, 2026
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Stock Market Today

  • BHP Shares Show Strength in May but Analysts Advise Caution in June
    May 28, 2026, 3:46 PM EDT. BHP Group Ltd shares fell about 1% to $60.55 but remain up 32% year-to-date, near a record $62.06 hit in May. The mining giant benefited from a commodities boom, particularly copper hitting an all-time futures high above US$6.6 per pound, driven by demand for electric vehicles and renewable energy. New non-executive director Mark Vassella's appointment bolstered investor sentiment, pushing BHP to a $307 billion market cap. Analysts mostly hold a neutral rating, forecasting a potential 6% downside with some upside to $68.63. Experts warn BHP shares may have peaked, advising investors to watch for limited near-term gains amid strong fundamentals.