Junk Bonds Beat Long Treasuries in 2026: What Credit Markets Signal
High yield bonds have delivered 9% one-year returns while long-duration Treasuries struggle near breakeven. Here’s what the 2026 credit divergence means.
Stock Market
Long Lake’s $6.3B Deal Sends AmEx Global Business Travel Soaring 57%
Long Lake agrees to acquire GBTG — the world’s largest corporate travel platform — for $6.3B backed by General Catalyst and Alpha Wave. Shares surged 57% on May 4, 2026.
Nokia Doubles in 2026: Q1 Beat Powers 6G Transformation
Nokia (NOK) climbs 104% YTD after Q1 2026 revenue hits €4.5B and the company returns to profitability — while selling its FWA unit for $200M to focus on 6G.
SpaceX Files for $75B IPO at $1.75 Trillion Valuation
SpaceX’s S-1 targets a $75B raise at a $1.75T valuation — nearly triple Saudi Aramco’s all-time IPO record. What it means for capital markets.
Intel Surges Past $100 on Best Month in 55-Year Nasdaq History
Intel’s stock more than doubled in April 2026 — its best month in 55 years — as Q1 earnings beat expectations and AI server CPU demand rewrites the semiconductor narrative.
GLP-1 Startup Kailera Leads Biotech IPO Revival With $625M Deal
Kailera Therapeutics’ $625M GLP-1 IPO anchors a Q2 2026 healthcare listing wave, with Hemab Therapeutics, Avalyn Pharma, and peers all jumping 52-89% from their offer prices.
AXT Jumps 21% as AI Optical Demand Drives 39% Revenue Growth
AXT Inc. (AXTI) surged 21% after Q1 2026 revenue rose 39% year-over-year to $26.9M, fueled by AI data-center demand for indium phosphide substrates.
Roblox Drops 18% Despite Revenue Beat as Child Safety Costs Weigh
Roblox Q1 2026 revenue rose 39% to $1.44B, but widening losses and a guidance cut tied to child safety measures sent shares tumbling 18% on May 1.
Reddit Q1 2026: Revenue Jumps 69%, AI Data Bet Pays Off
Reddit posted $663M in Q1 2026 revenue — up 69% YoY — with ad revenue surging 74% and EPS hitting $1.01. The platform’s AI data edge is real and accelerating.
GameStop’s eBay Bid: Can a $9B War Chest Fund a $46B Deal?
GameStop is reportedly preparing a bid for eBay. With eBay worth $46B and GME holding $9B in cash, we break down the capital markets math behind Ryan Cohen’s boldest move yet.