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PayPal, Coinbase Announce Layoffs as AI Impact Bites
Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, manag...
New York Times sued for discrimination after white man passed over for promotion: EEOC lawsuit
The EEOC said the Times discriminated against the male candidate based on his race or sex, violating Title VII of the Civil Rights Act of 1964.
ETF Assets Hit $14.7T: Inside the Inflow Surge
U.S.-listed exchange traded funds pulled in $171.4 billion during April, driving total ETF assets under management to $14.7 trillion, according to recent data from FactSet. Key Takeaways: U.S. ETF ass...
Utz Potato Chips Recalled Over Salmonella Risk—Here's What Products Have Been Pulled
Items included in the recall are Zapp's Bayou Blackened Ranch Potato Chips, Dirty Salt and Vinegar Potato Chips, Zapp's Salt and Vinegar Potato Chips, Dirty Maui Onion Potato Chips, Zapp's Brand Big C...
These Analysts Boost Their Forecasts On Twist Bioscience After Q2 Results
Twist Bioscience Corporation (NASDAQ:TWST) on Monday reported a loss for its fiscal 2026 second quarter.
OpenAI provided GPT-5.5 to US for national security testing, executive said
OpenAI gave the U.S. government early access to its GPT-5.5 model for national security testing, said OpenAI executive Chris Lehane in a LinkedIn post.
Norwegian Cruise Line Analysts Slash Their Forecasts Following Q1 Results
Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) on Monday posted upbeat earnings for the first quarter, but lowered its FY2026 forecast.
Nvidia and PulteGroup are helping this startup put mini data centers on homes
Span, a California-based startup, has developed small, fractional data centers, or “nodes,” called XFRA units. The idea is to take advantage of unused electrical capacity on local grids, which the Spa...
Duolingo stock sinks: Are weak user metrics the real concern?
Shares of Duolingo fell sharply, dropping as much as 8.7% on Tuesday, as investors focused on weaker-than-expected user growth despite a strong first-quarter revenue performance. The stock has decline...
Disney's New CEO Starts With Job Cuts And A Corporate Reputation To Rebuild
Just weeks after stepping into the corner office, Disney CEO Josh D'Amaro made his first decisive—and controversial—move. He announced the layoff of 1,000 employees, most impacting marketing functions...
These Analysts Cut Their Forecasts On Cogent Communications After Q1 Earnings
Cogent Communications Holdings Inc (NASDAQ:CCOI) reported mixed first-quarter financial results on Monday.
Bets surge against Nike, heaping pressure on CEO Hill
Eighteen months into CEO Elliott Hill's attempts to revive Nike , the sportswear giant is losing market share, and Wall Street is signaling growing impatience with its struggle to clear inventory and...
Zohran Mamdani's viral video outside Ken Griffin's penthouse shocks Vornado CEO: ‘Ugly, unnecessary'
The clip, which assailed mega-billionaire Griffin for owning a $238 million apartment, could deflate Griffin's commitment to partner with Vornado and the Rudin organization to build a $4.5 billion sky...
Krystal Biotech Analysts Boost Their Forecasts Following Upbeat Q1 Results
Krystal Biotech Inc (NASDAQ:KRYS) reported upbeat earnings for the first quarter on Monday.
S&P Valuations Are Stretched - Why Value Stocks Could Outperform
In this episode of ETF Spotlight, Rich Pzena, Co-Chief Investment Officer and Portfolio Manager at Pzena Investment Management lays out why value stocks look more attractive after a decade of rising S...
These Analysts Revise Their Forecasts On Vertex Pharmaceuticals After Q1 Earnings
Vertex Pharmaceuticals Inc (NASDAQ:VRTX) reported mixed financial results for the first quarter after the market close on Monday.
SHOP Drops After Earnings Beat
Owen Carr and Christopher Davis break down why Shopify (SHOP) shares are falling despite strong earnings. They discuss uncertainty around future sales drivers and shifting market conditions.
Live Nation to Report First Earnings Since Monopoly Ruling
Ticketmaster's parent company is scheduled to report first-quarter financial results after the stock market closes Tuesday.
Palantir Is Breaking The Rule Of 40—And That May Be The Bigger Story Than AI
AI is the headline. The math might be the real story. Palantir Technologies Inc. (NASDAQ:PLTR) just reported a Rule of 40 score of 145% — a software-industry yardstick that adds revenue growth to oper...
Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines said in a filing that the budget for unwinding the airline would be about $217 million. The budget carrier shut down before dawn on Saturday after years of struggles.
Onsemi CEO Hassane El-Khoury on 'panic buying' in the AI data center space
Hassane El-Khoury, CEO of Onsemi, joined CNBC's "Squawk on the Street" to discuss the demand for AI compute. Watch more in the related video.
Bull vs Bear: DIS Looking for Turnaround
Characteristics and Risks of Standardized Options. https://bit.ly/2v9tH6D Joe Mazzola and Kevin Hinks break look at Disney's (DIS) recent struggles and strengths ahead of earnings, debating whether we...
Marathon Petroleum Hits The Gas: Strong Quarter Fuels Stock Breakout
Marathon Petroleum Corp. (NYSE:MPC) shares are trading higher on Tuesday after the company reported first-quarter 2026 earnings results.
Amazon Weighs Merging AI Chat Into Its Main Search Bar
Amazon has kept its Rufus AI shopping assistant largely separate from its main search bar since the tool's 2024 launch. The company is now leaving the door open to changing that.
U.S. Sues The New York Times, Claiming Discrimination Against a White Man
The Equal Employment Opportunity Commission said the paper had discriminated against a white, male employee who did not get a sought-after promotion.
Anthropic CEO warns of cyber ‘moment of danger' as AI exposes thousands of vulnerabilities
Anthropic CEO Dario Amodei warned Tuesday that there is a 6-to 12-month window to patch tens of thousands of software vulnerabilities uncovered by the company's Mythos model before Chinese AI catches ...
New York Times sued by US employment agency over diversity goals
The New York Times was sued on Tuesday by the U.S. Equal Employment Opportunity Commission, which accused the newspaper of passing over a white man for a promotion to a senior editorship in...
What's Going On With Replimune Stock On Tuesday?
U.S. Food and Drug Administration (FDA) Commissioner Marty Makary defended his leadership in a CNBC interview aired Tuesday, growing criticism with concerns centering on drug approval decisions and in...
Google is building an AI agent that could be its answer to OpenClaw
Google is working on an AI agent codenamed "Remy," according to an internal document. Remy is described as a "24/7 personal agent" that can take actions on the user's behalf.
The Rise of Physical AI & the Next Phase of Automation
Physical AI is rapidly moving from science fiction to investable reality, poised to reshape the real economy far beyond data centers and software. Speaking during the Q2 Market Outlook, VettaFi Resear...
Amazon AI Bets Look Good for This ETF
With shares of Amazon (AMZN) up 28% over the past month, it's safe to say investors are at peace with the company's massive artificial intelligence (AI) spending plans.
Cheaper protein shakes are crushing this industry stalwart
Shares of BellRing Brands, the maker of Premier Protein drinks and PowerBar snacks, are tumbling more than 40%.
‘I Thought He Was Going To Hit Me'–Brockman Recalls Musk's Anger After Being Denied OpenAI Control
OpenAI president and cofounder Greg Brockman testified Tuesday about moments of tension when OpenAI board members denied Elon Musk's attempt to obtain a 62.5% majority control in OpenAI in 2017, sayin...
Spotify Faces The Music: Industry Earnings Paint A Cloudy Picture
The music industry's most powerful companies spent the first weeks of spring reporting quarterly earnings, and taken together, the results sketch a portrait of an industry that has successfully naviga...
Apple to let users choose rival AI models across iOS 27 features, Bloomberg News reports
Apple will allow users to select from third-party AI models for tasks such as generating and editing text and images, across its iOS 27 features, Bloomberg News reported on Tuesday.
Apple Weighs Using Intel, Samsung to Build Device Processors
Apple has held exploratory talks about using processors from Intel and Samsung in the iPhone maker's devices. Bloomberg's Mark Gurman explains why Apple is looking for a secondary option beyond longti...
UnitedHealth to remove annoying barrier for slew of medical procedures
UnitedHealth said Tuesday it is planning to slash required authorizations by nearly a third later this year – making it easier for patients to access an array of tests, surgeries and procedures.
Amazon Opens Fresh Grocery Deliveries to Business Customers
Amazon has begun offering same-day delivery of perishable groceries to its business customers. The new service, long available for consumer customers, is being rolled out in 2,300 communities around t...
Apple Weighs Using Intel, Samsung Processors | Bloomberg Tech 5/5/2026
Bloomberg's Caroline Hyde discusses Apple's exploratory discussions with Intel and Samsung to build their processors for its US devices. Plus, Alphabet, Microsoft, and xAI have agreed to give the US g...
Nasdaq 100 Tops 28,000, Intel Rallies 13%: Stock Market Today
The Nasdaq 100 surged past 28,000 during Tuesday morning trading, setting a fresh record as AI-driven gains in semiconductor stocks continued to power the broader tech sector, defying pressure from el...
AI Drove Orders on Shopify Up 13 Times in Q1
Shopify is the only platform simultaneously powering selling inside ChatGPT, Microsoft Copilot and Google from one system of record. In the first quarter of 2026, artificial intelligence-driven traffi...
The Big 3: AAPL, GOOGL & NVDA
Joe Tigay takes us through today's big 3 trades. He says Apple (AAPL) was slow out of the gate but is turning the threat of AI into a massive upgrade for their system, Alphabet (GOOGL) got off to a sl...
Macron plans to tap ally Moulin to run French central bank
President Emmanuel Macron plans to nominate his former chief of staff, Emmanuel Moulin, as France's next central bank governor, the Elysee said on Tuesday, seizing an early vacancy to install a trust...
Jensen Huang: 'I hope that the U.S. government and Anthropic work it out'
Nvidia CEO Jensen Huang talks with CNBC's Becky Quick at the Milken Institute Global Conference on Monday about the ongoing dispute between Anthropic and the Trump administration.
Gold price is attractive now, so don't wait to build a 3% to 8% position - NDR's LaForge
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...
Coinbase Lays Off 14% of Employees as A.I. Changes Work
The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.
Paymentus Intros Products for ‘AI-Native Service Commerce'
Paymentus is launching products in tandem with its entry into “AI-native service commerce.” The new products, announced Tuesday (May 5), include the digital wallet BillWallet, and the “intelligent act...
Robinhood Just at Beginnings of Prediction Markets, CEO Tenev Says
Robinhood CEO Vlad Tenev discusses growth of the company's prediction markets and the firm's involvement in Trump Accounts for children. -------- More on Bloomberg Television and Markets Like this vid...
Google's Android Show Returns May 12 Ahead of I/O 2026
Google's virtual Android event will arrive one week before I/O 2026, where the company is expected to spotlight Android, Gemini and its broader AI push.
Analyst warns of a peak in Micron stock: find out more
Micron Technology (NASDAQ: MU) is ripping higher on Tuesday morning, even though Envision Research issued a dovish note on the DRAM and NAND memory specialist. The upward momentum on May 5 has pushed ...
Skycorp Solar Skyrockets On $20M Nanjing Cesun Acquisition
Skycorp Solar Group Ltd (NASDAQ:PN) shares are trading higher on continued volatility Tuesday as traders react to an acquisition update and fresh financing details that point to a bigger consolidated ...
HSBC Loses $400 Million to Private Credit Fraud
HSBC took a $400 million expected credit loss (ECL) in the first quarter due to what it called “fraud-related, secondary, securitization exposure with a financial sponsor in the UK” in the bank's Corp...
Crude Oil Down 4%; PayPal Shares Fall After Q1 Results
PayPal Holdings Inc. (NASDAQ:PYPL) shares fell around 9% on Tuesday after the company reported first-quarter 2026 results that topped Wall Street expectations but showed signs of margin pressure and s...
These Analysts Revise Their Forecasts On Palantir Following Q1 Earnings
Palantir Technologies Inc (NASDAQ:PLTR) reported upbeat financial results for the first quarter of 2026 after the market close on Monday.
This S&P 500 Fund Yields Over 7% and Trades at a Discount. What Investors Need to Know.
The Nuveen S&P 500 Dynamic Overwrite Fund offers a high yield and trades below its net asset value, but its covered-call strategy can limit upside in a rising market.
Intel's Stock Surges to Fresh High on Deal Talks. Could Apple Be Its Next Customer?
Intel's stock is soaring to fresh highs amid hopes it could soon strike a deal with Apple.
Trump Administration Will Test New AI Models From Google, Microsoft And XAI Before Release Under New Deal
In March, Trump appointed 13 members to a new AI advisory panel, which reportedly included Meta's Mark Zuckerberg, Oracle's Larry Ellison, Nvidia's Jensen Huang, and Dell founder Michael Dell. Trump s...
Tesla's supervised self-driving software could be up for approval in Belgian region
Tesla's aim to roll out its supervised "full self-driving" software in Europe got a boost from Belgium on Tuesday, where the Flanders region said it was looking into whether it can quickly adopt it ...
Palantir Keeps Crushing Expectations — One Analyst Says It's Barely Getting Started
Palantir Technologies (NASDAQ:PLTR) stock is trading lower on Tuesday following its first-quarter financial results after yesterday's market close. Analysts are mixed on what to expect from the compan...
Shopify President Harley Finkelstein: We are at the epicenter of the AI era
Shopify President Harley Finkelstein told CNBC that the company is at the "epicenter of the AI era."
AMD: Bullish AI Growth & Smart Options Play
Hendi Susanto highlights AMD's edge in capacity and data center growth driven by AI. George Tsilis says the trend remains very bullish despite Intel pricing moves.
OpenAI releases GPT-5.5 Instant, a new default model for ChatGPT
On Monday, OpenAI released a new foundation model called GPT-5.5 Instant, which will replace GPT-5.3 Instant as the default ChatGPT model. The company said the model reduces hallucination in sensitive...
Nissan Motor to Cut Jobs in Europe to Shore Up Competitiveness
The company is considering eliminating 10% of its local workforce along with other operational overhauls to reduce costs.
PayPal Plans to Cut 20% of Workforce as CEO Seeks to Revamp
PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to redu...
IDEX Metals Closes Brokered Private Placement Offering of Special Warrants for $8 Million
Vancouver, B.C. – TheNewswire - May 5, 2026 – IDEX Metals Corp. (" IDEX " or the " Company ") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that, further to its news release dated April 22, 2026, ...
Diamondback Energy Is Boosting Oil Production. Investors Are Hating It.
Diamondback Energy lifted its production growth estimates above its prior guidance, to take advantage of the soaring prices caused by the Iran War.
With This ETF, It's Easy to Tap the Benefits of Commodities
Volatile gold and oil prices are certainly among the reasons why the commodities complex is generating plenty of buzz this year. However, that turbulence isn't altering the fact that commodities, in b...
Opportunity Abounds With This Japan ETF
As of May 4, the MSCI Japan Index holds a year-to-date advantage of 450 basis points over the S&P 500. Investors could be doing even better, though, with more unique approaches to Japan equities.
Anthropic Targets Financial Services Space With New AI Agents
Anthropic debuted 10 new financial services-focused artificial intelligence agents, according to a Tuesday (May 5) announcement, as it continues to target enterprise clients. The new agents are design...
Commerzbank CEO calls UniCredit offer unusual for not offering premium
Commerzbank CEO Bettina Orlopp said on Tuesday that it was "unusual" that UniCredit's offer to buy the German bank did not carry a premium but that Commerzbank was always willing to talk.
The Morning Trade: Buying the Dip on PLTR After Earnings
Palantir (PLTR) is under pressure Tuesday morning despite beating earnings expectations and raising forward guidance—highlighting investor concerns beneath the surface. Marley Kayden breaks down the k...
Robinhood CEO Vlad Tenev on retail investing: It's been surprisingly strong
Robinhood CEO Vlad Tenev joined CNBC's "Squawk Box" to discuss the state of retail investing.
AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say
Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia , in a boost for the planemaker's smallest jetliner that has recently lost orders to Brazil's Embraer , two sources...
Onsemi CEO Hassane El-Khoury on demand for compute
Hassane El-Khoury, CEO of Onsemi, joins 'Squawk on the Street' to discuss the demand for AI compute, technology themes, and more.
Why Software Stocks Are Slipping After Palantir's Strong Earnings
An excellent earnings report from Palantir Technologies wasn't enough to lift the software company's own stock. It wasn't helping other software stocks on Tuesday, either.
Why Ouster Shares Are Climbing Before Q1 Earnings Release
Shares of Ouster, Inc. (NASDAQ:OUST) rose in Tuesday trading after the company announced the integration of its Rev8 OS digital lidar sensors across NVIDIA Corp‘s (NASDAQ:NVDA) Jetson platform, ahead ...
Shopify President Harley Finkelstein: AI makes entrepreneurship ‘dramatically more accessible'
Shopify President Harley Finkelstein joins 'Squawk on the Street' to discuss the company's Q1 earnings results, the impacts of artificial intelligence, and more.
Google AI workers demand union recognition over use of technology by Israeli and US military
"Scores" of workers at Google DeepMind, the company's British AI research arm, are demanding union recognition over the use of their work by Israel and the US military.
Anthropic CEO Dario Amodei speaks with Jamie Dimon: Here are key takeaways
CNBC's Kate Rooney joins 'Money Movers' to report on the discussion between Anthropic CEO Dario Amodei and JPMorgan CEO Jamie Dimon.
Coinbase's Legal Chief Just Made This Prediction About Crypto Regulation
May 5, 2026 - Coinbase CLO on Clarity Act, Prediction Markets & Tokenization Scott Melker hosts Paul Grewal, Chief Legal Officer at Coinbase, live from Consensus in Miami Beach. They cover where the C...
BioNTech Slides As Vaccine Sales Drop, Restructuring Plan Takes Shape
Shares of BioNTech SE (NASDAQ:BNTX) are trading lower on Tuesday as the company reported mixed first-quarter financial results.
DuPont rallies after strong results—more upside ahead?
Shares of DuPont rose sharply on Tuesday after the industrial materials maker reported first-quarter results that exceeded analyst expectations and raised its full-year financial outlook, signaling re...
Trump admin. moves further into AI oversight, will test Google, Microsoft and xAI models
The Center for AI Standards and Innovation announced agreements with Google DeepMind, Microsoft and Elon Musk's xAI to evaluate their AI models before they are publicly available. CAISI will "conduct ...
Micron Stock Spikes As 'Memflation' Hits The Memory Market
Micron Technology Inc. (NASDAQ:MU) shares are ripping higher Tuesday, jumping roughly 12% after the memory giant announced it has begun shipping the world's highest-capacity commercially available SSD...
Top European tech CEOs call for easier AI rules
Europe's AI regulations should be reduced and simplified, chief executives of seven of Europe's top technology firms including Christophe Fouquet of the biggest, computer chip equipment maker ASML ,...
Palantir Soars, Coinbase Cuts: What's Really Happening?
Palantir Soars, Coinbase Cuts: What's Really Happening?.
Microsoft Xbox CEO overhauls leadership amid sinking sales: 'We need to evolve how we work'
Microsoft's new Xbox CEO, Asha Sharma, is bringing over executives from the CoreAI engineering group where she worked before, along with a director at her previous company, Instacart. Xbox has seen re...
Europe needs bigger banks to compete with US, China, Eurogroup chairman says
The European Union needs its banks to be bigger if they are to compete with their counterparts in the United States and China, the chairman of the euro zone's finance ministers' group said on Tuesda...
Ireland probles Meta's Instagram, Facebook over EU manipulation concerns
Ireland's media regulator has opened investigations into Meta's Instagram and Facebook over concerns EU users cannot easily control what they see online and may be steered by algorithms into highly ...
Coinbase's Brutal 14% Workforce Cut Signals Market Shift
Morning Brief - May 5th, 2026 == — Facebook: https://www.facebook.com/yahoofinance — X/Twitter: https://x.com/YahooFinance — Instagram: https://www.instagram.com/yahoofinance/ — TikTok: https://www.ti...
Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown
A lawyer for defunct Spirit Airlines said Tuesday that sharply higher jet fuel prices left "no remaining way out" of bankruptcy and forced the budget carrier's shutdown as it seeks approval for ...
Why Meta's head of Threads thinks it's great if users move to DMs and 'lurk' in the feed
Threads is adding DMs and group chats for web users as it pushes deeper into messaging. The company said its power users tend to log on to the platform from their computers.
PayPal says it's ‘becoming a technology company again.' That means AI.
PayPal is looking towards the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to “recommit to the fundamen...
Michael Burry just sold GameStop stock: should you too?
GameStop (NYSE: GME) opened in the “red” this morning after Big Short investor Michael Burry confirmed he's cut his entire stake in the gaming merchandise retailer. The subsequent downward pressure ha...
Coinbase Is Gutting Middle Management—And Rebuilding Around AI
This wasn't just a layoff. When Coinbase Global, Inc. (NASDAQ:COIN) cut roughly 14% of its workforce, the headline looked familiar.
Exxon using AI for faster analysis of Guyana's oil fields, VP of exploration says
New developments in AI and technology are helping Exxon Mobil interpret seismic data from Guyana in days, rather than months, John Ardill, the company's vice president of exploration, said on T...