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Stellantis swung to quarterly profit on North American demand strength, posting 293 million euros in net income versus prior-year losses, though adjusted operating income fell short of analyst expectations.
Microsoft shares surged 9% after beating earnings expectations and reporting strong Azure growth, while Meta declined 9% on disappointing guidance and a 91% plunge in free cash flow.
GE Vernova secured a contract to modernize two pumped storage units at Wales’s Dinorwig hydropower plant, part of a broader refurbishment expected to extend the facility’s operational life by at least 25 years.
Apple launched a device leasing program in the U.S. through Klarna, offering monthly payment plans for iPhones, Macs, iPads and Apple Watches with terms ranging from 12 to 36 months.
Treasury Secretary Bessent is backing nonprofit disclosure legislation as new tax deductions for charitable giving take effect, addressing concerns about accountability in a sector representing roughly 17% of the U.S. economy.
Parallel, operator of the Surterra Wellness dispensary chain, is permanently closing two Florida facilities and eliminating 211 jobs as the company navigates financial restructuring and industry challenges.
