Capital One and Discover merger approved by Federal Reserve

Key Points

Capital One Financial’s application to acquire Discover Financial Services has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency.
Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024.
It will also indirectly acquire Discover Bank through the transaction.

Source

Finance

Michael Burry buys the dip in Salesforce and other software stocks after AI-fueled sell-off

April 16, 2026

Famed investor Michael Burry is wading back into beaten-down software stocks, betting the recent sell-off was driven more by technical factors than deteriorating business fundamentals. The “Big Short” investor said in a Wednesday Substack post that a “reflexive positive feedback loop” between falling equity prices and stress in bank debt tied to software companies helped […]

Finance

Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well

April 16, 2026

Key Points Retail investors were quick to embrace Allbird’s shocking pivot into AI. Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company’s 2021 IPO. “The market is not pricing risk. It is pricing narrative,” said Mark Malek, CIO at Siebert Financial. Source

Finance

Stocks making the biggest moves premarket: PepsiCo, Taiwan Semiconductor, Voyager Technologies, PPG & more

April 16, 2026

Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant posted first-quarter results that beat analyst expectations, sending the stock 1% higher. PepsiCo earned an adjusted $1.61 per share on revenue of $19.44 billion. Analysts polled by LSEG expected a profit of $1.55 per share on revenue […]