May 6 (Reuters) – Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech companies spend heavily on artificial intelligence compute. Arm’s stock jumped 12% in the wake of the report, but reversed course after Arm executives told analysts on a conference call that they…
The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to the latest estimates out of the Executive Office of the president—a figure described as “beyond scary” by budget hawks. Yesterday, the department headed by Scott Bessent released its latest Quarterly Refunding Documents, which communicate any…
Laurene Powell Jobs, founder and president, Emerson Collective, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | Afp | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide…
Palo Alto Networks warned customers that suspected state-sponsored hackers have been exploiting a critical-severity PAN-OS firewall zero-day vulnerability for nearly a month. Tracked as CVE-2026-0300, this remote code execution security flaw was found in the PAN-OS User-ID Authentication Portal (also known as the Captive Portal) and stems from a buffer overflow vulnerability that allows unauthenticated…
WASHINGTON — U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds. The number of Americans filing for unemployment benefits in the week ending May 2 rose by 10,000 to 200,000, the Labor Department reported Thursday. That’s fewer than the 205,000 new applications analysts surveyed…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Anyone…
The Food and Drug Administration authorized an L.A.-based company to sell mango and blueberry-flavored products, marking a 180-degree pivot from Biden-era policies. For the first time, the FDA under President Donald Trump has authorized the sale of fruit-flavored vape products from Los Angeles-based Glas Inc., including its Classic Menthol, Fresh Menthol products, as well as…
In this article SHEL Follow your favorite stocksCREATE FREE ACCOUNT The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Brandon Bell | Getty Images British energy major Shell on Thursday reported stronger-than-expected first-quarter profit as the Iran war sent energy prices soaring. The oil giant posted adjusted…
NEW YORK (AP) — U.S. stocks fell from their records Thursday after oil prices yo-yoed as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful. The price for a barrel of Brent crude oil settled at $100.06, down 1.2%, and continued its decline…
Traders work during the Hawkeye 360 Inc. initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 7, 2026. Michael Nagle | Bloomberg | Getty Images The S&P 500 fell on Thursday after hitting a new all-time intraday high as oil prices came back from sizable losses,…
By Michael S. Derby May 6 (Reuters) – Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income households while those better off financially have navigated the situation more easily, a report from the Federal Reserve Bank of New York said. “Households had very different experiences with gasoline spending” in…
HBO Max, which has zigged and zagged more than most streaming services since its delayed launch in 2020, has regained some traction and will hit 150 million subscribers by the end of 2026. Warner Bros. Discovery executives delivered that outlook for their flagship streamer in announcing the company’s first-quarter earnings. The company said global launches…
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT People walk by a McDonald’s restaurant on March 11, 2026 in Las Vegas, Nevada. Kevin Carter | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as diners spend more at its U.S. restaurants even in what CEO Chris Kempczinski…
NEW YORK (AP) — The price of a gallon of regular gasoline in the U.S. climbed 31 cents in the past week, spiking to an average of $4.54 per gallon Wednesday, a price 52% higher than before the war with Iran began, according to AAA data. The main reason drivers are paying more at the…
Business insurance startup Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion, the startup’s co-founder Nico Laqua said on LinkedIn. This comes just four months after the company announced a $108 million Series A. The company has now raised $268 million in funding to date, Laqua…
SAN FRANCISCO—At its Code with Claude developer conference on Wednesday, Anthropic announced a deal with SpaceX to utilize the entire compute capacity of the latter’s data center in Memphis, Tennessee. On stage at the conference, CEO Dario Amodei said the deal was intended to increase usage limits for Anthropic’s Pro and Max plan subscribers. The…
A few months before Elon Musk left OpenAI’s board of directors in February 2018, he tried to recruit Sam Altman to join a “world-class AI lab” within Tesla. Musk went as far as offering the OpenAI CEO a Tesla board seat, according to emails and testimony presented in federal court on Wednesday during the Musk…
Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…
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In late August 2017, key figures at OpenAI (then a small nonprofit research lab) gathered to discuss how they would create a for-profit to commercialize its technology and raise the funds needed to realize AGI. Elon Musk was demanding full control of the company and had just given each of his co-founders a Tesla Model…
New York — No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest. “Creepy and weird,” is what Ken Griffin had to say Tuesday at a conference about Mamdani’s campaign-style video touting the tax outside…
Anthropic and Elon Musk’s SpaceX said on Wednesday that the two entities have signed an agreement for Anthropic to use computing resources from xAI’s data center in Memphis, Tennessee. It’s the latest tie up in an industry that is scrambling to find enough computers to run complex AI software. SpaceX and xAI were previously separate…
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The Trump administration pulled a 180 on AI oversight, inducing Sacks’ worst nightmare: more government regulation on technology. The Trump administration pulled a 180 on AI oversight, inducing Sacks’ worst nightmare: more government regulation on technology. May 6, 2026, 8:18 PM UTC Tina Nguyen is a Senior Reporter for The Verge and author of Regulator,…
In this article WBD PSKY Follow your favorite stocksCREATE FREE ACCOUNT An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025. Mario Tama | Getty Images Warner Bros. Discovery on Wednesday reported a staggering net loss for the first quarter, but it has an explanation. The company booked a net…
Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the…
Shivon Zilis’ notes might be the most important evidence we’ve seen so far. Shivon Zilis’ notes might be the most important evidence we’ve seen so far. May 6, 2026, 11:37 PM UTC Elizabeth Lopatto is a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously,…
Two California residents are suing Cento Fine Foods, alleging the company engaged in “tomato fraud” by claiming that the tomatoes in one of its canned products are the authentic “San Marzano Certified” version from Italy. The plaintiffs claim that Cento’s “Certified San Marzano” labeling is “false, misleading and unfair,” alleging that the product lacks an…
Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 18% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. Super…
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In this article NVO NVO Follow your favorite stocksCREATE FREE ACCOUNT Novo Nordisk is looking for deals more than ever before, the CEO of the Danish drugmaker said in an interview with CNBC on Wednesday. “If our ambition is to help hundreds of millions of patients out there, then we need not just the best,…
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In this article FLUT FLUT Follow your favorite stocksCREATE FREE ACCOUNT FanDuel CEO Amy Howe has been ousted from that post after five years at the company, people familiar with the matter told CNBC. Christian Genetski, FanDuel president, will step in to lead the company, according to the people, who asked not to be named…