Month: May 2026
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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Microsoft Xbox CEO overhauls leadership amid sinking sales: ‘We need to evolve how we work’
Asha Sharma, CEO of Xbox at Microsoft, speaks to employees at an Xbox town hall in Redmond, Washington, on Feb. 24, 2026. Courtesy: Microsoft Microsoft Xbox CEO Asha Sharma told employees in a Tuesday memo that she’s appointing new leaders, as the software company looks to return its video game unit to growth. Sharma moved […]
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Intel soars 14% on report of Apple chip talks, hits new all-time high
Intel headquarters in Santa Clara, California, on Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares climbed 14% Tuesday, hitting a new all-time high as the chipmaker continued its historic run from April. The jump comes on a Bloomberg report that Apple is in talks with both Intel and Samsung to produce the main […]
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FDA commissioner defends agency’s drug approval decisions after wave of backlash
Martin Makary, commissioner of the Food and Drug Administration (FDA), during a news conference at the US Food and Drug Administration headquarters in Silver Spring, Maryland, US, on Tuesday, April 28, 2026. Valerie Plesch | Bloomberg | Getty Images U.S. Food and Drug Administration Commissioner Marty Makary defended himself in a CNBC interview aired Tuesday […]
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Property Play: Nvidia and PulteGroup are helping this startup put mini data centers on homes
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. Even […]
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Hegseth says ‘the ceasefire is not over’ after U.S., Iran exchange fire
U.S. Secretary of Defense Pete Hegseth speaks during a press briefing at the Pentagon on May 5, 2026 in Arlington, Virginia. Chip Somodevilla | Getty Images Defense Secretary Pete Hegseth on Tuesday said the fragile ceasefire with Iran is still in effect, one day after Tehran attacked U.S. forces and the commercial vessels they were […]
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Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
A Ford employee works inside a high voltage lab at Ford’s new Electric Vehicle Development Center in Long Beach, California. Courtesy Ford LONG BEACH, Calif. — As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that […]
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Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York City on April 14, 2021. Robert Nickelsberg | Getty Images News | Getty Images Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, citing a combination of market volatility and AI […]
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