Month: May 2026
Bitcoin surged in April, but weak buyer demand makes the rally vulnerable
Bitcoin surged in April, but its run could be on shaky ground, according to crypto data provider CryptoQuant. The flagship crypto coin gained 12.7% for the month, registering back-to-back monthly gains and its best month since April 2025. It eked out a nearly 2% gain in March, following five consecutive down months. Ether gained 8% […]
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UK exports to U.S. plunge by 25% after Trump’s ‘liberation day’ tariffs blitz
US President Donald Trump (L) shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada on June 16, 2025. Brendan Smialowski | Afp | Getty Images U.K. goods exported to the U.S. plunged […]
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Roblox shares plummet 18% as child safety measures weigh on bookings
Roblox shares plummeted 18% on Friday after the company reported first-quarter earnings as its new child safety measures weighed on bookings. “Part of what we’re rolling out with age check, we believe, is the real, right long-term way to build this platform,” CEO David Baszucki said Friday on CNBC’s “Squawk Box.” In a letter to […]
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Lutnick gets grilling on Nvidia chip sales to China in letter from Sen. Chris Coons
U.S. Commerce Secretary Howard Lutnick testifies during Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on fiscal year 2027 budget requests on Capitol Hill in Washington, DC, on April 22, 2026. Saul Loeb | AFP | Getty Images Sen. Chris Coons, D-Del., pressed Commerce Secretary Howard Lutnick about allowing Nvidia‘s H200 chips […]
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Atlassian stock soars 28% after earnings show strong cloud, data center growth
Atlassian shares jumped more than 28% on Friday after the software company topped Wall Street’s expectations for the fiscal third quarter, reporting strong cloud growth and data center revenue. Here’s how the company did compared with LSEG estimates: Earnings per share: $1.75 adjusted vs. $1.32 expected Revenue: $1.79 billion vs. $1.69 billion expected Atlassian’s stock […]
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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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