Month: May 2026
A major shift could soon happen in the Mag 7
Google CEO Sundar Pichai attends the AI Impact Summit in New Delhi, India, Friday, Feb. 20, 2026. AP Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world’s most valuable company. And according to options prices, it may happen sooner rather than later. The breakout […]
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Estee Lauder plans to cut up to 3,000 more jobs, lifts annual profit forecast
American multinational skin care and beauty products brand Estée Lauder’s logo is seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Estee Lauder on Friday raised its annual profit forecast and laid out plans to cut up to 3,000 more jobs globally as it accelerates a broad restructuring plan, sending its shares up […]
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The Tech Download: Chip stocks surge in ‘historic’ month as investors’ AI buildout concerns ease
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. After a month or so in the doldrums as investors rode a wave of anxiety about the AI buildout, chip stocks have hit a real purple patch again in April. In March, Nasdaq’s PHLX Semiconductor Sector Index — […]
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Smoothie King plots expansion as wellness trends boost sales
A rendering of Smoothie King’s new store design Source: Smoothie King From the rise of GLP-1 drugs to backlash against artificial ingredients, current wellness trends are fueling growth for Smoothie King. “There are significant industry tailwinds behind what we’re doing,” said Gavin Felder, the chain’s president and CFO. “What we’ve learned is people are a […]
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Apple earnings, DHS shutdown, ‘Ozempic breath’ and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. My colleagues and I will be covering Berkshire Hathaway‘s annual meeting tomorrow — its first without Warren Buffett as CEO. You can follow along with our special coverage on TV and online. S&P 500 futures are little changed this morning […]
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Pentagon tech chief says Anthropic is still blacklisted, but Mythos is a separate issue
Defense Department CTO Emil Michael on Friday said Anthropic is still a supply chain risk, but that Mythos, the company’s artificial intelligence model with advanced cyber capabilities, is a “separate national security moment.” “I think the Mythos issue that’s being dealt with government wide, not just at Department War, is a separate national security moment where […]
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Elon Musk billionaires bill supporters draw progressive challengers in Delaware
An Elon Musk sign sits in a bush the federal courthouse during proceedings in the trial over Elon Musk’s lawsuit against OpenAI in Oakland, California, on April 30, 2026. Josh Edelson | AFP | Getty Images A progressive wing of the Democratic Party in Delaware is endorsing primary opponents to six incumbent Democratic state lawmakers […]
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Stocks making the biggest moves premarket: Apple, Estee Lauder, Roku, Reddit, Roblox and more
Check out the companies making the biggest moves premarket: Apple — Shares were up 3.5%. For the fiscal second quarter , Apple’s earnings came in at $2.01 per share, while revenue landed at $111.18 billion. This beat the earnings of $1.95 a share and $109.66 billion in revenue analysts were looking for, per LSEG. Still, […]
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Japanese FX intervention wipes out yen’s Iran war losses — but fails to eliminate market concerns
Bird’s-eye view of central Tokyo including Tokyo Tower at sunrise hours. Vladimir Zakharov | Moment | Getty Images The Japanese yen surged against the dollar on Friday, extending gains that came the previous day after officials in Tokyo said they stood ready to intervene in the foreign exchange market. Friday saw the Japanese currency rise […]
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Apollo Sports Capital and Tom Dundon make landmark $225 million investment in pickleball
Ben Johns comes over to the right side to hit a dink shot against Anna Bright and Hayden Patriquine in the 2026 PPA Carvana Mesa Cup finals match of the Pro Mixed Doubles Division at Arizona Athletic Grounds on February 22, 2026 in Mesa, Arizona. Bruce Yeung | Getty Images Pickleball Inc., the new parent […]
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