AI Stock Market News Today

Shares of POET Technologies plummeted nearly 47% following the cancellation of purchase orders. The sharp decline has created a contagion effect, dragging down peer companies in the optical networking space.

• POET Technologies experienced a ~47% price collapse
• Trigger event identified as cancelled purchase orders

The Capital Market Authority has approved the issuance of BILS, a regulated stablecoin pegged to the Israeli shekel. The move aims to preserve digital financial sovereignty and integrate the shekel into the global blockchain ecosystem.

• First regulated shekel stablecoin (BILS) approved
• Developed on Solana with Fireblocks and EY

United Parcel Service outperformed analyst expectations for the first quarter of 2026 but saw shares dip in early trading. The company is focusing on network automation and cost-cutting to drive a projected recovery in the second quarter.

• Q1 net income reached $864 million ($1.02 per share)
• Adjusted profit reported at $906 million ($1.07 per share)

The Congressional Budget Office now expects the Old-Age and Survivors Insurance trust fund to be exhausted by 2032. This updated projection moves the depletion date forward by one year compared to previous estimates.

• OASI Trust Fund depletion now projected for 2032
• Timeline moved up by one year from the 2025 Trustees' Report

Indian benchmark indices retreated on Tuesday as rising crude prices and a strengthening US dollar sparked inflation fears. Market sentiment was further dampened by stalled diplomatic efforts between the US and Iran over the Strait of Hormuz.

• BSE Sensex fell 0.54% to 76,886.91; NSE Nifty dropped 0.40% to 23,995.70
• Brent crude prices held above $111/bbl amid US-Iran diplomatic deadlock

Tonkeeper has partnered with Changelly to allow users to fund wallets via 13 different blockchain networks. The integration simplifies the movement of stablecoins into the TON ecosystem by removing the need for external bridges.

• Direct deposits of USDT, USDC, and DAI into Tonkeeper
• Support for 13 different blockchain networks

Coca-Cola is set to report first-quarter results, offering a critical look at consumer resilience amid economic pressures. Investors will monitor the divide between budget-conscious shoppers and premium brand demand.

• Earnings report scheduled for Tuesday before the bell
• Premium brands like Fairlife and Smartwater offsetting budget-conscious declines

Centene Corp. reported an increase in net income and earnings per share for Q1 2026 despite membership headwinds. The company has subsequently raised its full-year earnings outlook.

• Q1 net income increased to $1.54 million from $1.31 million
• Adjusted EPS rose to $3.37, beating the previous year's $2.90

United Parcel Service Inc. saw a decrease in both net income and revenue for the first quarter of 2026. The logistics giant reported a profit of $864 million, down from over $1.1 billion in the prior year.

• Net income fell to $864 million from $1.187 billion
• EPS decreased from $1.40 to $1.02

Hedge fund manager Bill Ackman is expanding access to his investment strategies through a dual public offering. The firm is incentivizing retail participation by offering free shares to those purchasing a minimum threshold of the new fund.

• Launch of a new closed-end fund by Pershing Square
• Strategic pivot to attract individual retail investors

Retail investors are aggressively purchasing shares in closed-end funds to gain exposure to high-profile private firms like SpaceX and OpenAI. This surge has led to extreme premiums over net asset values as investors race to enter before these companies go public.

• Surge in retail demand for SpaceX, OpenAI, and Anthropic exposure
• Closed-end funds trading at massive premiums over net asset value

The Canadian government has announced the creation of its first sovereign wealth fund to bolster long-term economic resilience. The initiative will be capitalized with C$25 billion over the next three years.

• First sovereign wealth fund in Canadian history
• C$25 billion initial funding commitment