Day: May 5, 2026
Trump pauses U.S. bid to guide ships out of Strait of Hormuz, cites Iran deal progress
Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi | ISNA | WANA | Via Reuters President Donald Trump said Tuesday he is pausing “Project Freedom,” the U.S. military’s effort to guide commercial ships out of the Strait of Hormuz, one day after the operation began. Trump, in a […]
Read More
Bitcoin treasury firm Strategy breaks from ‘never sell’ approach to the flagship crypto
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Strategy’s latest earnings release marks a […]
Read More
Asia-Pacific markets set to track Wall Street gains as Trump signals de-escalation in Iran conflict
A man looks at a screen showing global stock market information on the street in Tokyo, Japan. Chris McGrath | Getty Images Asia-Pacific markets were set to open higher, tracking Wall Street gains overnight as a drop in oil prices and strong earnings lifted investor sentiment. Signaling diplomatic efforts for resolving the Middle East crisis […]
Read More
EV maker Lucid suspends production guidance amid incoming CEO’s business review
The Lucid logo is shown at the Los Angeles Auto show on Nov. 20, 2025. Mike Blake | Reuters DETROIT — Lucid Group suspended its vehicle production guidance for the year as its incoming CEO evaluates the all-electric vehicle manufacturer’s business operations, including the potential for lower output of EVs. The company on Tuesday also […]
Read More
Jim Cramer: Here’s the list of AI winners to buy for 2026 and beyond
CNBC’s Jim Cramer said the data center and artificial intelligence boom is becoming all-consuming, spreading far beyond the tech companies and into nearly every corner of the market. “AI is inexorable. It is fierce. And it is making believers fortunes,” the “Mad Money” host said Tuesday after all three major indexes closed higher. The market […]
Read More
AMC to screen live concerts through Arena One partnership
People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | Reuters AMC Theatres is bringing live concerts to the big screen. The world’s largest theater company has partnered with Arena One, a live entertainment technology company, to bring real-time concert events to theatrical audiences. AMC has […]
Read More
Stocks making the biggest moves after hours: Advanced Micro Devices, Super Micro Computer, Arista Networks & more
Check out the companies making headlines after the bell : Advanced Micro Devices — Shares popped 7% 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. […]
Read More
OpenAI trial: Brockman rebuts Musk’s take on startup’s history, recounts secret work for Tesla
OpenAI President Greg Brockman concluded his testimony on Tuesday, where he largely rebutted Elon Musk’s account of the early years of the startup and negotiations that occurred at the company. Brockman testified that he never made any commitments to Musk about the company’s corporate structure, and he never heard anyone else make them. He emphasized that […]
Read More
Aluminum prices are surging. Here’s how companies are handling the costs
A can of Coors Light beer and a Ford F-150 pickup truck. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminum’s surge to multiyear highs in the wake of the Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange […]
Read More
FDA withdrew studies finding Covid, shingles vaccines were safe
The FDA blocked the publication of several studies supporting the safety of vaccines against Covid and shingles in recent months, a Health and Human Services Department spokesperson confirmed on Tuesday. It’s the latest effort by the Trump administration to challenge safe and effective shots in the U.S. and make them harder to access for some […]
Read More