Business - Wednesday, April 29, 2026

The stock's April rally set a high bar heading into Wednesday's print. But the company's results resoundingly cleared it.

ASX Ltd. named Darren Yip, who oversees the exchange operator’s markets and listings divisions, as its interim chief executive officer effective May 29.

The musclebound character he developed as a toy designer for Mattel gave rise to the Masters of the Universe franchise and helped define the machismo of the 1980s.

Lawyers for world’s richest person try to paint him as humanitarian as judge cuts off his long-winded replies After a dramatic first day of opening statements and testimony from Elon Musk in his case against Sam Altman and OpenAI, the trial continued on Wednesday with a cross-examination of the Tesla CEO. Musk began his second day of on the stand by repeating the accusation that Altman “stole a charity” and would endanger humanity with AI multiple times. OpenAI’s attorneys pressed the world’s richest man on his allegations, resulting in testy exchanges and multiple interventions from the judge. Musk often refused to answer questions as instructed, and the judge interjected several times to tell Musk to simply give a yes-or-no response. At various points, Musk told OpenAI’s counsel, “You’re being misleading with your question,” and “Your questions are not simple, they are designed to trick me, essentially.” Continue reading...

Microsoft's forecast on revenue and operating margin was light, but the company sees $190 billion in 2026 capital spending, well above Wall Street's estimate.

Hong Kong’s once-quiet local currency bond market is quickly becoming one of Asia’s hottest funding venues, as corporate issuers seek stability in a city looking to lure more debt offerings.

Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.

AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said.

Revenue in Amazon's cloud computing segment expanded 28% year over year, topping analysts' estimates.

Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’ Sign up for the Breaking News US email to get newsletter alerts in your inbox The US Federal Reserve chair, Jerome Powell, will remain on the central bank’s rate-setting board after his term as chair ends in May, a contentious move that signals continued uncertainty at the Fed. Powell made the announcement after the Fed board on Wednesday left interest rates unchanged for the third time this year, despite Donald Trump’s continued demands for rate cuts. Continue reading...