Q1: 2026-05-15 Earnings Summary

EPS of -$0.20 misses by $0.03

 | Revenue of $16.96M (71.45% Y/Y) beats by $12.28M

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The Dow Jones Industrial Average was up 500 points, or nearly 1%, as the heavy-weighted stocks gained.

Goldman Sachs shares were up 3.7%. It holds the biggest of weight in the index, nearly 12%. Caterpillar, which is the next heaviest stock at 10.8%, was up by 1.3%. Nvidia, Boeing, Amazon shares were also gaining.

LOS ANGELES — Olivia Rodrigo announced on May 19, 2026, that her new single “The Cure” will be released on Friday, May 22, describing it as her favorite song on her upcoming third studio album.

The 23-year-old singer shared the news on Instagram alongside promotional cover art for the track. She wrote: “the cure comes out this friday . it’s my favorite song on the album and one of my favorite songs I’ve ever made.”

Rodrigo also confirmed that the song and its music video will premiere at 9 p.m. PT / midnight ET on May 22. The announcement generated immediate excitement among fans, who have been anticipating new music since the release of her previous single “Drop Dead” in April 2026.

The upcoming album is titled you seem pretty sad for a girl so in love, with an expected release date of June 12, 2026, via Geffen Records. “The Cure” follows “Drop Dead” as the second single from the project.

Rodrigo first teased the new era with cryptic promotional campaigns earlier in 2026. The title of the album and details about its themes have sparked widespread discussion among fans and music critics.

The singer has not released additional details about the sound or lyrical content of “The Cure” beyond calling it one of her favorites. She performed on “Saturday Night Live” earlier in May, where she hosted and served as musical guest, further building anticipation for new material.

Rodrigo rose to global fame with her 2021 debut album Sour, which earned multiple Grammy Awards including Best New Artist. Her 2023 follow-up Guts continued her commercial and critical success with hits such as “vampire” and “bad idea right?”.

The new album is expected to continue her signature blend of pop, rock and emo influences while exploring themes of love, heartbreak and personal growth. Fans have speculated about the direction based on teaser visuals and social media activity.

Rodrigo’s team has not released further promotional details as of May 21. The Friday release aligns with standard industry timing for major singles to maximize weekend streaming and chart impact.

The announcement comes as Rodrigo maintains a high public profile. She has collaborated with major brands and appeared at high-profile events while preparing the new project. Her previous singles have consistently debuted at or near the top of global charts.

Music industry observers expect “The Cure” to generate significant streaming numbers upon release. Pre-save links and promotional campaigns are active across major platforms.

Rodrigo has not scheduled additional live performances immediately following the single release, though tour speculation has intensified with the album announcement. Her previous tours were among the highest-grossing in recent years.

The singer continues to work with longtime collaborators on production and creative direction. Specific credits for “The Cure” and the full album have not yet been disclosed.

Fans reacted quickly to the teaser, flooding social media with excitement and theories about the song’s content. The Instagram post accumulated millions of likes and comments within hours of being shared.

No official tracklist or additional singles have been confirmed for the June 12 album release. Industry sources indicate that more music is expected in the coming weeks leading up to the full project.

Rodrigo maintains an active presence on social media, where she connects directly with her global fanbase. Her posts often generate immediate cultural impact and chart movement for new releases.

The upcoming single and album represent a highly anticipated chapter in Rodrigo’s career as she continues to evolve as an artist while maintaining strong commercial performance. Pre-orders and streaming activity are expected to rise significantly in the days leading to the May 22 release.

Lynne Maxeiner
Vice President of Global Treasury & Investor Relations

Hi. Hello, everyone, and welcome to Vertiv’s 2026 Investor Conference. We have a full room here today in Greenville, South Carolina and many more on the webcast. So welcome, everyone.

First, let’s take care of a quick housekeeping item. I would like to point out that during the course of this event, we will make forward-looking statements regarding future events, including the future financial and operating performance of Vertiv. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We refer you to the cautionary language included in today’s presentation, and you can learn more about these risks in our annual and quarterly reports and other filings made with the SEC.

Any forward-looking statements that we make today are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

During our conference, we will also present both GAAP and non-GAAP financial measures. Our GAAP results and GAAP to non-GAAP reconciliations can be found in the investor presentation found on our website at investors.vertiv.com.

So let’s take a quick look at

LOS ANGELES — Apex Legends faced connectivity and login issues for hundreds of players on Thursday, May 21, 2026, according to widespread user reports and outage tracking platforms.

The account @status_is_down posted on X at approximately 2:17 p.m. GMT: “Apex Legends is reportedly down for hundreds of gamers currently. Are you one of them?” The post linked to a community discussion thread on designtaxi.com.

Downdetector and other monitoring sites recorded elevated reports throughout the afternoon, with game launch, server connection and matchmaking issues as the primary complaints. Reports remained moderate compared to major historical outages but affected players across multiple regions.

EA and Respawn Entertainment had not issued an official statement on the incident as of late afternoon May 21. The companies typically post updates on their official social channels and service status pages during service disruptions.

Players reported difficulties logging into the game, joining matches or maintaining stable connections. Issues appeared intermittent rather than a full global shutdown, with some users able to access the game after waiting periods of 10–15 minutes.

This follows a pattern of occasional technical hiccups for the popular battle royale title, which has millions of daily active players across PC, PlayStation and Xbox platforms. Apex Legends Season 23 was active at the time of the outage.

Community reactions on X included frustration from players who had planned gaming sessions after work or school. One user posted: “yup i wanted to play some after work but welp.” Another wrote: “It’s not starting bro.”

Some players reported eventual success after waiting. One comment read: “Yes, I’m in now, but I waited like 15min!” Others expressed disappointment over lost time, with one noting: “what in the fuck. I skipped school for ts.”

Apex Legends, developed by Respawn Entertainment and published by Electronic Arts, launched in 2019 and has maintained a large player base through regular seasonal updates, new legends, maps and battle pass content. The game blends free-to-play mechanics with cosmetic microtransactions.

No specific cause for the May 21 issues was confirmed by EA or Respawn. Common triggers for such outages include server maintenance, unexpected technical glitches, high concurrent player loads or third-party network problems.

The game’s competitive scene, including ALGS (Apex Legends Global Series) events, was not immediately impacted by the player-side outage reports. Official tournament servers often operate on separate infrastructure.

Players experiencing issues were advised by the community to try standard troubleshooting steps: restarting the client, checking internet connections, verifying game files through their platform launcher, or waiting for server-side resolution.

Apex Legends maintains dedicated service status pages through EA and Respawn. As of late afternoon May 21, no widespread outage was officially listed, suggesting the problems were regional or resolving gradually.

The incident highlights the reliance of modern live-service games on stable server infrastructure. With millions of concurrent players during peak hours, even brief disruptions can affect thousands of users worldwide.

EA and Respawn have a history of transparent communication during major outages, often providing estimated resolution times and compensation such as in-game currency or battle pass progress when appropriate. No such offers had been announced for this event.

Fan discussions continued on platforms like Reddit, X and the official Apex Legends forums, with users sharing screenshots of error messages and login queues. The hashtag #ApexLegendsDown trended briefly during the peak of reports.

As of 4 p.m. EDT on May 21, many players reported that connectivity had improved or fully returned. The situation remained fluid, with some users still experiencing intermittent issues.

Apex Legends continues to receive regular content updates, including new seasons, legends, weapons and limited-time modes. Season 23 was ongoing at the time of the reported disruption.

The game’s large player community often rallies during outages by sharing workarounds and updates. Developers encourage reporting technical problems through official support channels for faster resolution.

This partial outage represents a relatively minor and short-lived disruption for the popular title. Services appeared to stabilize throughout the afternoon without requiring extended maintenance.

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week’s reading of 6.36%. 

The average rate on a 30-year loan was 6.86% a year ago.

The average rate on the benchmark 30-year fixed mortgage climbed to 6.51%. (Getty Images)

“As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands,” said Sam Khater, Freddie Mac’s chief economist.

LOS ANGELES LEADS NATION IN MASSIVE POPULATION EXODUS AS ‘BREAKING POINT’ HITS GOLDEN STATE

The average rate on a 15-year fixed mortgage rose to 5.85% from last week’s reading of 5.71%.

“The conflict in the Middle East continues to play an outsized role in how investors are assessing the economic outlook, and mortgage rates are moving accordingly,” said Realtor.com senior economist Anthony Smith. “In recent weeks, headlines suggesting escalation have tended to push longer-term yields higher, while signs of progress toward resolution have had the opposite effect. That dynamic, rather than any domestic policy development, remains the primary force shaping borrowing costs right now.”

TWO CITIES NAMED SPRINGFIELD ARE DOMINATING AMERICA’S HOTTEST HOUSING MARKETS FOR DIFFERENT REASONS

The average rate on a 15-year fixed mortgage rose to 5.85%. (Fox News)

The rise in mortgage rates comes a day before President Donald Trump is due to swear in Kevin Warsh as the Federal Reserve’s new chair, succeeding Jerome Powell, whom Trump criticized tirelessly for keeping interest rates too high.

Notwithstanding the change in guard, financial markets are betting the central bank will not cut short-term rates at all this year and may actually increase them if higher oil prices work their way into inflation more broadly, as some Fed policymakers say they worry is already happening.

MIAMI OVERTAKES LOS ANGELES AND NEW YORK AS WORLD’S RISKIEST HOUSING MARKET FOR BUBBLE RISK

“A Fed leadership transition is underway this week, but given that the chair is one vote among many, and that a resurgence in inflation is likely to reinforce caution among FOMC members regardless of leadership, that story is unlikely to move rates in a meaningful way,” Smith said.

Trump this week told the Washington Examiner that he will let Warsh do as he wishes with rates, and Warsh told lawmakers last month that he has made Trump no promises.

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Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.57% as of Thursday afternoon.

Reuters contributed to this report.