Month: May 2026
Why Palantir’s stock is down despite a stellar first quarter
Palantir’s stock is down after a gangbusters first quarter , and while the earnings report showed one or two tiny blemishes, signs of any real weakness for the company were basically nonexistent, even by the hyperbolic standards of tech-sector performance. The lukewarm investor response more likely signals wariness of soaring valuations and fatigue with idiosyncratic […]
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Keep buying Five Below as it leans into squishy dumplings, says analyst
Wolfe Research believes that the latest growth driver for Five Below comes in the form of a squishy toy dumpling. In a Tuesday note to clients, analyst Spencer Hanus reiterated his outperform rating on the off-price retail chain. Hanus’ new price target of $291 price target implies upside of 26% from where shares of Five […]
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Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
A Spirit Airlines airplane at Baltimore Washington International Thurgood Marshall Airport (BWI) in Baltimore, Maryland, US, on Saturday, May 2, 2026. Daniel Heuer | Bloomberg | Getty Images Spirit Airlines’ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest […]
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Anthropic CEO warns of cyber ‘moment of danger’ as AI exposes thousands of vulnerabilities
Key Points 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 up. Amodei and JPMorgan Chase CEO Jamie Dimon appeared together at an Anthropic financial services event, signaling the AI giant’s lead in […]
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FAA employee in New Hampshire charged with threatening to kill Trump
A Federal Aviation Administration flag flies at the Orville Wright Federal Building which houses the FAA headquarters, in Washington, June 2025. Kevin Carter | Getty Images A Federal Aviation Administration employee in New Hampshire was arrested for allegedly threatening to kill President Donald Trump, whom he criticized for the war against Iran, the U.S. Attorney’s […]
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Jerome Powell making a ‘significant mistake’ by staying on at the Fed, Sen. Tim Scott says
Committee Chairman Sen. Tim Scott (R-SC) delivers an opening statement during the Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for Kevin Warsh, U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Senate […]
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Stocks making the biggest moves midday: Shopify, Advanced Micro Devices, PayPal, Intel, Coinbase & more
Here are the stocks making headlines in midday trading. Source
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SEC is close to ending mandatory quarterly earnings reports that Trump called for
Key Points The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. The move brings regulators closer to a structural change that Trump has advocated, arguing that mandatory quarterly reporting encourages a short-term mindset and distracts […]
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After Coinbase, prediction market traders forecast more tech layoffs ahead
Key Points Traders on Kalshi give nearly 92% odds to tech layoffs in 2026 totaling more than they did in 2025. Polymarket traders give that a 87% chance of happening. In 2025, layoffs in the information sector totaled 447,000. In the first three months of 2026, there have already been 178,000. Source
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Trump admin. moves further into AI oversight, will test Google, Microsoft and xAI models
U.S. President Donald Trump disembarks from Air Force One upon arrival from Miami on May 3, 2026 at Joint Base Andrews, Florida. Roberto Schmidt | Getty Images The Center for AI Standards and Innovation on Tuesday announced agreements with Google DeepMind, Microsoft and Elon Musk’s xAI that will allow the U.S. government to evaluate artificial […]
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