Alcoa Corporation reported a first-quarter revenue of $3.19 billion, down 5.3% year-over-year, missing expectations. Alumina production declined 5%, while aluminum output remained flat. The company maintained its 2026 guidance but anticipates Q2 EBITDA headwinds due to increased costs.
SenseTime has announced a placement agreement to issue 1.7 billion Class B shares at HKD 1.91 each, generating around HKD 3,230 million in net proceeds. The placement will involve trying to secure commitments from at least six investors.
On April 16, the S&P 500 and Nasdaq reached record highs due to favorable Middle East peace developments and positive economic data, despite mixed corporate earnings results. Market sentiment was cautious but optimistic, with significant movements in various sectors.