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Here is Your Complete Market Rundown (4/29/2026):
Company News
Meta Platforms, Inc. (META)
Performance Overview
1D Change: -0.33%
5D Change: -0.84%
News Volume: 194
Unusual Volume Factor: 2x
Meta Beats Q1 Earnings Expectations But Stock Plunges 7% on Elevated AI Spending Plans
Meta Platforms reported strong first-quarter 2026 results Wednesday, posting revenue of $56.31 billion versus estimates of $55.5 billion and earnings per share of $10.44, significantly beating the $6.67 consensus. The results marked the company's fastest revenue growth since 2021, with a 33% year-over-year increase. Advertising revenue reached $55.02 billion, while the company maintained a 41% operating margin. Despite the earnings beat, Meta shares dropped more than 7% in after-hours trading after the company raised its full-year capital expenditure guidance to $125-145 billion from a previous range of $115-135 billion. The increased spending, attributed to higher component pricing and additional data center costs to support future capacity, spooked investors concerned about the pace of AI investment. The company's Reality Labs division continued to lose money, recording a $4.03 billion operating loss in the quarter. Meta's user metrics showed Family Daily Active People reached 3.56 billion in March 2026, up 4% year-over-year, though the company noted a slight quarter-over-quarter decline driven by internet disruptions in Iran and restrictions on WhatsApp access in Russia. The company issued second-quarter revenue guidance of $58-61 billion, roughly in line with Wall Street's $59.5 billion estimate. In regulatory developments, the European Commission charged Meta with violating EU tech rules by failing to adequately prevent children under 13 from accessing Facebook and Instagram. Separately, Meta announced it would extend the operating life of some non-AI servers from six to seven years due to a memory chip shortage expected to persist through 2027. The company also launched stablecoin creator payouts in partnership with Stripe, enabling creators to receive USDC payments on Solana and Polygon blockchains across its 3.58 billion user platform. Meta's earnings were part of a critical day for Big Tech, with Microsoft, Amazon, and Alphabet also reporting results that could influence nearly $800 billion in combined market capitalization movement.
Alphabet Inc. (GOOG)
Performance Overview
1D Change: -0.05%
5D Change: 2.83%
News Volume: 165
Unusual Volume Factor: 1x
Alphabet Crushes Q1 Expectations as Cloud Revenue Surges 63% Past $20 Billion
Alphabet reported first-quarter earnings that significantly exceeded Wall Street projections, with revenue reaching $109.9 billion versus estimates of $107.2 billion and earnings per share of $5.11 beating expectations of $2.62. The standout performance came from Google Cloud, which posted $20 billion in revenue—a 63% year-over-year increase—marking the unit's strongest quarter on record. CEO Sundar Pichai announced that enterprise AI solutions have become the primary growth driver for Cloud for the first time, with revenue from AI-built products surging 800% year-over-year. The company reported it is currently compute-constrained, suggesting Cloud revenue would have been even higher without capacity limitations. Gemini Enterprise paid monthly active users grew 40% quarter-over-quarter, while the number of $100 million to $1 billion Cloud deals doubled compared to the prior year. Google's core advertising business also delivered solid results, with Search revenue hitting $60.4 billion and YouTube advertising revenue rising 11% to $9.88 billion. The company now counts 350 million paid subscribers across its services, including YouTube and Google One. U.S. viewers are watching over 200 million hours of YouTube content daily. Alphabet raised its 2026 capital expenditure guidance to $180-190 billion from the previous $175-185 billion range, with CFO Anat Ashkenazi indicating that 2027 capex will "significantly increase" from 2026 levels. About 60% of Q1 infrastructure investment went to servers, with 40% allocated to data centers and networking equipment. The company also highlighted operational milestones, including Waymo surpassing 500,000 fully autonomous rides per week and Gemini processing over 16 billion tokens. Alphabet increased its quarterly dividend by 5% to $0.22 per share. Shares rose approximately 3.7% in after-hours trading, outperforming fellow tech giants Microsoft, Meta, and Amazon, which all reported earnings the same day. The strong Cloud performance validated Alphabet's massive AI infrastructure investments and positioned the company favorably against competitors in the intensifying AI race.
Amazon.com, Inc. (AMZN)
Performance Overview
1D Change: 1.38%
5D Change: 3.11%
News Volume: 171
Unusual Volume Factor: 1x
Amazon Crushes Q1 Earnings with 71% EPS Beat as AWS Growth Accelerates to Fastest Pace in Three Years
Amazon reported first-quarter earnings that significantly exceeded Wall Street expectations, delivering EPS of $2.78 versus the $1.62 estimate—a 71% beat—on revenue of $181.52 billion compared to the $177.23 billion forecast. Operating income reached $23.85 billion, surpassing the $20.75 billion consensus, with operating margin expanding to 13.1% against expectations of 11.7%. The standout performance came from Amazon Web Services, which posted $37.59 billion in net sales versus the $36.68 billion estimate, marking 28% year-over-year growth excluding foreign exchange impacts. This represented AWS's fastest quarterly growth rate in over three years, driven by new data center capacity and increasing business from AI companies including Anthropic and OpenAI. AWS CEO Matt Garman disclosed that Amazon has committed approximately 7 gigawatts of capacity across these AI partnerships over the coming years. The company issued strong second-quarter guidance, projecting net sales of $194 billion to $199 billion, well above the $189.15 billion consensus estimate. Operating income guidance of $20 billion to $24 billion came in roughly in line with the $22.86 billion expectation. Amazon also announced Prime Day will return in June 2026. Despite the earnings beat, Amazon shares dipped slightly in after-hours trading, down approximately 1%, as record AI infrastructure investments offset the cloud acceleration. The company's capital expenditure for fiscal 2026 is projected to exceed $200 billion as it continues aggressive expansion of data center capacity to meet surging AI demand. The earnings report came on a critical day for Big Tech, with Microsoft, Meta, and Alphabet also reporting results. Options traders had priced in a potential 6-7% move for Amazon shares, representing part of an estimated $800 billion in combined market capitalization movement across the four tech giants. Wall Street analysts, including UBS which maintained its Buy rating with a $304 price target, remain optimistic about Amazon's AI expansion trajectory and AWS momentum.
Starbucks Corporation (SBUX)
Performance Overview
1D Change: 8.42%
5D Change: 5.99%
Starbucks Surges 10 Percent on Strong Quarter as Niccol Turnaround Gains Traction
Starbucks shares jumped 10 percent Wednesday after reporting strong second quarter results that exceeded analyst expectations and raising its full-year guidance. The coffee chain posted 7.1 percent comparable store sales growth in North America, marking its strongest quarterly performance in over two years and the highest traffic levels in three years. CEO Brian Niccol's multi-year turnaround strategy is showing tangible results. The company has reduced wait times to four minutes or less at 80 percent of locations, with further improvements expected from scheduled ordering rollout. Niccol emphasized the menu's flexibility across price points and indicated the company is working to sharpen cost management. Wall Street responded enthusiastically with widespread price target increases. Deutsche Bank raised its target to $120 from $114, Wells Fargo to $115 from $110, and BTIG to $115 from $105. Multiple firms including Evercore ISI, Morgan Stanley, and Baird maintained overweight or outperform ratings, with analysts seeing upside ranging from 4 to 20 percent. The stock hit a 52-week high of $104.82 during trading. The results mark a significant inflection point following consecutive quarters of improvement. North America comparable sales grew 4.0 percent in the first quarter before accelerating to 7.1 percent in the second quarter. Analysts characterized the performance as evidence the turnaround is finally taking hold, with several noting Niccol's fingerprints are clearly visible on the results. Despite the sales momentum, some analysts noted profits have not yet caught up to the revenue growth. The company faces ongoing challenges including employee concerns about bonus targets and intense competition in China's coffee market, where both Starbucks and Peet's plan continued expansion despite pricing pressures. Analyst sentiment was broadly positive, with firms maintaining buy-equivalent ratings while a handful including UBS, Guggenheim, and RBC Capital held neutral stances. The consensus view suggests the turnaround has credibility, though questions remain about sustaining momentum and margin improvement.
Seagate Technology Holdings Plc (STX)
Performance Overview
1D Change: 11.16%
5D Change: 11.05%
Seagate Surges to All-Time High as AI Data Storage Demand Drives Earnings Beat and Analyst Upgrades
Seagate Technology shares soared as much as 20 percent on April 29, hitting a 52-week high of $667.98 after the data storage company reported better-than-expected quarterly results and issued an upbeat profit outlook powered by surging AI-driven demand. The stock led a broader rally in data storage equities as investors bet on sustained growth from artificial intelligence applications requiring massive storage capacity. The company's strong performance prompted a wave of analyst price target increases across Wall Street. Rosenblatt Securities and Cantor Fitzgerald set the most bullish targets at $1,000 per share, representing 73 percent upside, citing Seagate's HAMR technology and cloud growth prospects. TD Cowen raised its target to $850 from $500, while Morgan Stanley increased its forecast to $767 from $582. Goldman Sachs lifted its target to $700 from $385, and Barclays raised its price objective to $750 from $625. Multiple firms including Wedbush, Evercore ISI, and Bank of America also increased their targets, with most maintaining buy-equivalent ratings. Jim Cramer highlighted what he called Seagate's smart moment, noting that AI applications reveal gigantic data needs driving strong demand for storage solutions. Analysts emphasized that data has become a strategic asset, with Susquehanna's Mehdi Hosseini predicting strong demand will sustain into the second half of the year. The positive sentiment extended to competitors, with Western Digital stock also gaining on optimism about the storage sector. Seagate declared a quarterly dividend of $0.74 per share. The earnings beat and robust guidance demonstrated what analysts described as unprecedented benefits from the AI boom for the hard disk drive manufacturer.
Visa Inc. (V)
Performance Overview
1D Change: 8.26%
5D Change: 7.62%
Visa Surges 9% on Strong Earnings Beat, Expands Stablecoin Settlement to Nine Blockchains
Visa shares jumped approximately 9% on Wednesday, marking the stock's best single-day performance since January 2022 and its strongest earnings reaction in four years. The payment giant topped second-quarter estimates on robust consumer spending, prompting multiple analyst upgrades with price targets ranging from $350 to $415. The company announced its largest revenue beat in years alongside an $8 billion share repurchase program, the highest buyback in Visa's history. The strong results added 170 points to the Dow Jones Industrial Average and led analysts to upgrade their outlook, with Morgan Stanley citing 24% upside potential. Visa significantly expanded its stablecoin settlement program, adding five new blockchains including Base, Polygon, Canton, Arc, and Tempo. The pilot program has reached a $7 billion annual run rate, with the network now supporting nine blockchains total. WeFi announced collaboration with Visa on stablecoin payment use cases, further advancing the company's digital currency initiatives. Analysts highlighted multiple growth catalysts. Wolfe Research projected substantial gains from the upcoming FIFA World Cup. BMO raised its price target based on payment volume stability, while one analyst suggested AI agents using card payments could drive future growth. Jim Cramer stated the rally may be just beginning despite the strong single-day gain. The positive momentum occurred despite earlier concerns about potential regulatory and legislative headwinds. Cantor Fitzgerald, Oppenheimer, Raymond James, and Evercore ISI all reiterated or raised their ratings following the earnings beat. The results provided a bright spot in a mixed earnings season and helped lift S&P 500 futures ahead of a Federal Reserve decision.
Earnings Events
AbbVie Beats Estimates as Biotech Sector Shows Mixed Results Amid Financing Activity
AbbVie exceeded quarterly expectations as newer immunology treatments compensated for declining Humira sales. Intellia Therapeutics fell 10.6% premarket after pricing a $180 million stock offering at $10.75 per share. Positive momentum emerged around several biotechs, with Praxis Precision Medicines anticipating FDA approval for ulixacaltamide and Ocular Therapeutix drawing attention following SOL-1 trial data. Mesoblast gained 2.5% premarket after completing patient recruitment for its phase 3 chronic back pain trial. Multiple companies announced conference presentations and clinical updates, while Candel Therapeutics secured a commercialization agreement with EVERSANA for potential prostate cancer treatment launch.
Carvana Reports Record First-Quarter Profit on Strong Used-Car Sales
Carvana exceeded Wall Street expectations with record first-quarter profit, driven by a 40% jump in vehicle sales and increased loan sales, sending shares surging.
Cheesecake Factory Beats Q1 Estimates on Comparable Sales Growth
The Cheesecake Factory reported first-quarter profit and revenue above analyst estimates, driven by comparable sales increases that outpaced industry performance, sending shares higher.
Oil And Gas Events
OPEC+ Set to Raise Oil Output Quotas by 188,000 BPD Without UAE Participation
OPEC+ is expected to approve an oil production quota increase of approximately 188,000 barrels per day at Sunday's meeting, excluding the UAE's 18,000 BPD share from the total 206,000 BPD hike. However, actual production increases may be limited as the Strait of Hormuz closure restricts most members' ability to boost output.
BP Signs Gas Exploration Deal with Venezuela as Energy Sector Revives
BP and Venezuela signed a memorandum of understanding for offshore natural gas exploration in the Loran area, marking progress in the country's energy sector revival following recent political developments. Italian energy company Eni also signed an agreement to restart heavy oil operations.
US Crude Exports Surge to Record 6.4 Million Barrels Per Day
US petroleum exports reached an all-time high of 14.179 million barrels per day last week, with crude exports alone hitting a record 6.438 million barrels daily. The surge reflects overseas buyers seeking alternatives to Middle Eastern oil amid Iran tensions, while domestic inventories and strategic reserves declined sharply.
Brent Crude Surges Above $119.50, Highest Since June 2022
Oil prices spiked Wednesday with Brent crude rising above $119.50 per barrel, its highest level since June 2022, following reports of potential U.S. military strikes against Iran. The surge pushed gasoline prices to their highest point since July 2022, with crude oil trading near $110 per barrel amid escalating geopolitical tensions.
Crypto Events
Bitcoin Struggles Below $80K as Fed Holds Rates While Institutional Players Signal Long-Term Confidence
Bitcoin traded in a volatile range between $75,000 and $77,800 this week as the Federal Reserve held interest rates steady for the third consecutive meeting in a rare 8-4 split decision. The cryptocurrency failed to break through the $80,000 resistance level despite renewed institutional interest, with spot trading volumes on crypto exchanges falling to their lowest levels since 2023. Market sentiment remained divided as prominent investors offered contrasting outlooks. Cathie Wood maintained her bullish $730,000 price target for Bitcoin by 2030, while Paul Tudor Jones predicted $200,000 to $300,000 by year-end, citing dollar weakness. At the Bitcoin 2026 conference, Eric Trump highlighted institutional adoption, noting that JP Morgan Chase now offers Bitcoin-backed mortgages and that major holders including the U.S. government's 300,000 Bitcoin position are not selling. The XRP network experienced a 700% surge in tokenized treasuries, while Dogecoin showed signs of a potential breakout as compression patterns neared completion. However, Robinhood's earnings revealed crypto revenue slumped as prediction markets overtook digital assets in trading activity. Technical pressures mounted as Bitcoin spot ETF flows diverged from price action, with outflows continuing despite relatively stable prices above $77,000. A Coinbase survey indicated most crypto investors believe Bitcoin remains undervalued at current levels. Canada's proposed crypto ATM ban added regulatory uncertainty to markets already navigating geopolitical tensions and Fed policy concerns.
Visa Expands Stablecoin Settlement to Five New Blockchains as Volume Hits $7 Billion
Visa added Polygon, Base, Canton, Arc, and Tempo to its stablecoin settlement pilot program, which has reached a $7 billion annual run rate. The expansion marks a significant scaling of the payment giant's blockchain infrastructure. Separately, Ripple's RLUSD stablecoin launched on OKX exchange ahead of an XRP event in Las Vegas.
Meta Launches Stablecoin Creator Payments Across 3.58 Billion User Platform
Meta has begun paying creators in USDC stablecoin via Solana and Polygon blockchains in Colombia and the Philippines, partnering with Stripe. Separately, Visa expanded its stablecoin settlement program to include Polygon and Base networks, reaching a $7 billion annual run rate.
Macro Events
Powell to Remain Fed Governor After Chair Term Ends, Citing Legal Concerns
Federal Reserve Chair Jerome Powell announced at his final press conference that he will continue serving as a Fed governor after his chairmanship ends on May 15th, though he plans to maintain a low profile. Powell indicated his decision stems from concerns over legal attacks and his commitment to Fed independence, stating he will not step down until a DOJ probe concludes. The move blocks a potential vacancy that would have given the administration a path to a board majority. Powell characterized recent criticism as "unprecedented" while emphasizing his role as a check and balance for the central bank's independence. The Fed maintained interest rates as expected during this final meeting under Powell's leadership.
Fed Holds Rates at 3.50-3.75% as Inflation Concerns Resurface
The Federal Reserve kept interest rates unchanged at 3.50-3.75% at Jerome Powell's final meeting as chairman, offering no guidance on future rate cuts. The central bank upgraded its inflation assessment from "somewhat elevated" to "elevated," citing global energy prices and Middle East tensions. Despite ongoing job gains and solid economic growth, the Fed emphasized heightened uncertainty in its outlook.
Treasury Yields Surge to Monthly Highs as Oil Prices Rise, Fed Cut Expectations Fade
US Treasury yields climbed to their highest levels since late March, with two-year yields jumping 7 basis points to 3.9% as rising oil prices and US-Iran tensions diminished expectations for Federal Reserve rate cuts.
Fed Holds Rates Steady Amid Record Dissent in Powell's Final Meeting
The Federal Reserve maintained interest rates unchanged, but the decision drew four dissents—the highest level since 1992. The contentious vote marked the end of Chair Jerome Powell's eight-year tenure and revealed a significant internal split over monetary policy direction, clouding the outlook for future rate decisions.
Bank of Canada Holds Rate at 2.25%, Signals Cautious Approach
The Bank of Canada maintained its policy rate at 2.25% as expected, stating the current level appears appropriate. Officials indicated future rate changes will be modest if economic forecasts materialize, with inflation anticipated to peak in April.
US Housing Starts Surge to 2024 High as Mortgage Rates Drop to Three-Year Spring Low
US homebuilding jumped 10.8% in March to a 1.5 million annual rate, the highest since December 2024, exceeding forecasts. Single-family starts rose 9.7% to 1.03 million while multifamily construction also increased. The surge coincides with mortgage rates reaching their lowest level in three spring homebuying seasons. Meanwhile, Fannie Mae reported 5% net income growth in Q1 2026 driven by cost efficiency measures.
Yen Weakens Past 160 Per Dollar Following Bank of Japan Meeting
The Japanese yen fell past the critical 160-per-dollar threshold following the Bank of Japan's April meeting, reaching its weakest level since April 7. The dollar last traded up 0.2% at 159.995 yen as traders assessed the central bank's policy stance.
Traders Increase Bets on Fed Rate Hike by 2027
Market expectations for a Federal Reserve rate hike by April 2027 rose to 25 percent from 20 percent following the Fed's latest decision, with swaps pricing 50 percent odds of a 25 basis point increase.
Geopolitics Events
Putin and Trump Discuss Ukraine Ceasefire and Iran Crisis in 90-Minute Call
Presidents Vladimir Putin and Donald Trump held a 90-minute phone conversation Wednesday covering the Ukraine conflict and Iran crisis, according to Kremlin aide Yuri Ushakov. The call was described as "friendly and businesslike." On Ukraine, Putin proposed a ceasefire timed to coincide with Russia's May Victory Day celebrations, which Trump received positively. Trump indicated he suggested a brief ceasefire and believes Putin might announce one soon, though he characterized it as "possibly a small one." Putin accused Ukraine of employing "terrorist methods," while Trump expressed confidence that a deal to resolve the conflict is achievable. Regarding Iran, Putin voiced support for Trump's decision to extend the Iran ceasefire and presented ideas on Iran's nuclear program. Putin offered to help secure Iran's uranium stockpiles, but Trump said he told Putin he would rather see assistance in ending the Ukraine war. The leaders also discussed potential joint economic and energy projects. Trump separately commented that Iran's economy is deteriorating under the Hormuz blockade, which he called "genius" and "fool-proof." He stated Iran now possesses only a small fraction of its missile-making facilities and said the US is conducting phone negotiations with Tehran, urging Iran to reach an agreement.
Supreme Court Curbs Race-Based Redistricting in Major Voting Rights Ruling
The Supreme Court struck down Louisiana's voting map and limited using race to create predominantly Black or Hispanic election districts under the Voting Rights Act. The constitutional ruling marks a significant victory for Republicans in redistricting battles.
Trump Fed Nominee Kevin Warsh Advances to Full Senate Vote
Kevin Warsh, President Trump's Federal Reserve chair nominee, cleared the Senate Banking Committee on Wednesday with a 13-11 party-line vote. The approval sends his nomination to the full Senate for final confirmation, marking a key step toward his potential appointment as Fed chair.
Pentagon Reports $25 Billion Spent on Iran War
Pentagon comptroller Jules Hurst disclosed the U.S. has spent approximately $25 billion on the Iran war since the joint U.S.-Israel campaign began February 28, marking the first complete public estimate of the conflict's costs.
US Indicts Sinaloa Governor and Nine Mexican Officials on Cartel Conspiracy Charges
The US Justice Department has indicted the governor of Mexico's Sinaloa state along with nine current and former Mexican officials on drug trafficking and weapons charges. Prosecutors allege the defendants conspired with Sinaloa Cartel leaders to smuggle large quantities of narcotics into the United States in exchange for political support and bribes.
Trump Rejects Iran Nuclear Offer, Maintains Naval Blockade While Military Prepares Strike Options
President Trump has formally rejected Iran's proposal to ease restrictions before nuclear negotiations, insisting the U.S. naval blockade will remain until a deal is reached. Trump told Axios the blockade proves more effective than bombing, though he hasn't ruled out military action. The U.S. military has prepared contingency plans for potential short-wave strikes against Iran.
Former FBI Director James Comey Indicted Over Alleged Trump Threat
Former FBI Director James Comey surrendered at federal court following an indictment related to a seashell photo that officials claim constituted a threat against President Trump. Comey was released after his court appearance. His lawyer indicated plans to challenge the indictment as vindictive prosecution. Legal experts suggest the case presents significant hurdles for prosecutors and will likely prove challenging for the Justice Department to win.
Technology Events
Musk Testifies in OpenAI Trial, Calls Early Funding Decision Foolish
Elon Musk took the stand for multiple days in his trial against OpenAI, stating he "was a fool" for providing the company's initial funding as legal proceedings continue.
Uber Partners with Expedia to Add Hotel Bookings in Major Super-App Expansion
Uber is integrating Expedia hotel bookings into its US app, representing its largest travel market entry. The ride-hail company also introduced an OpenAI-powered voice booking feature and Shop for Me service, advancing its strategy to become a comprehensive super-app platform.
Apple to Unveil Siri Camera Mode and Enhanced Visual AI at June WWDC
Apple plans to announce iOS 27 updates at its June WWDC event, introducing a Siri camera mode and upgraded visual AI capabilities, with Visual Intelligence features integrated directly into the camera app.
Meta Extends Server Lifespan to Seven Years Amid Memory Chip Shortage
Meta is extending the operating life of its non-AI data center servers from six to seven years in response to a significant memory chip shortage, according to internal memos reviewed by the Wall Street Journal. The company faces a substantial server supply deficit, with the shortage expected to persist through 2027.
Fixed Income And Interest Rates Events
Treasury Yields Surge to Monthly Highs as Oil Prices Rise, Fed Cut Expectations Fade
US Treasury yields climbed to their highest levels since late March, with two-year yields jumping 7 basis points to 3.9% as rising oil prices and US-Iran tensions diminished expectations for Federal Reserve rate cuts.
Corporate Actions Events
Ackman's Pershing Square USA Debuts 16-18% Below IPO Price
Bill Ackman's Pershing Square USA opened at $42 on the NYSE, falling 16-18% below its $50 IPO price in a disappointing first-day performance for the high-profile fund launch.
Misc Events
Bloom Energy Sees Widespread Price Target Increases on Data Center Demand
Multiple Wall Street firms raised Bloom Energy price targets, with BTIG lifting to $295 and Morgan Stanley to $310, citing strong data center demand driving growth expectations.
Intellia Therapeutics Drops 10.6% on $180 Million Stock Offering
Intellia Therapeutics fell sharply in premarket trading after pricing a $180 million stock offering at $10.75 per share. Meanwhile, Wave Life Sciences received a Buy rating from Truist, and institutional investors adjusted healthcare holdings across CVS, HCA, and Elevance Health.
Real Estate Events
US Housing Starts Surge to 2024 High as Mortgage Rates Drop to Three-Year Spring Low
US homebuilding jumped 10.8% in March to a 1.5 million annual rate, the highest since December 2024, exceeding forecasts. Single-family starts rose 9.7% to 1.03 million while multifamily construction also increased. The surge coincides with mortgage rates reaching their lowest level in three spring homebuying seasons. Meanwhile, Fannie Mae reported 5% net income growth in Q1 2026 driven by cost efficiency measures.
Currencies Events
Yen Weakens Past 160 Per Dollar Following Bank of Japan Meeting
The Japanese yen fell past the critical 160-per-dollar threshold following the Bank of Japan's April meeting, reaching its weakest level since April 7. The dollar last traded up 0.2% at 159.995 yen as traders assessed the central bank's policy stance.
