business news
Pinterest surges 17% after earnings beat as company posts strong guidance
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest reported first-quarter earnings on Monday that beat on the top and bottom lines. Shares soared 17% after the report. Here’s […]
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After SCOTUS Voting Rights ruling, Jeffries ramps up quest to redistrict New York
U.S. Rep. Joe Morelle (D-NY) looks on during a press conference about the SAVE America Act in the U.S. Capitol on March 17, 2026 in Washington, DC. Heather Diehl | Getty Images House Minority Leader Hakeem Jeffries announced on Monday that he’s deploying Rep. Joe Morelle this week to meet with New York Gov. Kathy […]
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Traders are doubtful Cohen’s GameStop can pull off monster eBay acquisition
Key Points Traders on prediction markets platform Kalshi give the video game retailer just a 26% chance at successfully completing an acquisition in 2026. GameStop CEO Ryan Cohen in an appearance on “Squawk Box” didn’t disclose further details about how it plans to finance its proposal. Source
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How Chinese carmaker Geely put roots in the U.S.
Politicians on both sides of the aisle want to block Chinese vehicles from the United States. But over 100 Chinese automakers, auto tech companies, and parts suppliers already have a presence in the U.S., according to a survey done by Dunne Insights, a consultancy that focuses on electric vehicles and autonomous markets. Despite the United States […]
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Kalshi traders see April jobs report coming in better than economists’ estimates
Key Points If Kalshi traders are right, it would be the first month of back-to-back job growth since May 2025. Traders aren’t confident of a big beat, though. They assign just a 30% chance the report will come in at 100,000 jobs gained or more. Source
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Crypto industry calls for lawmakers to act on legislation after breakthrough agreement
Sen. Thom Tillis, R-N.C., speaks to a reporter as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Wednesday, March 11, 2026. Bill Clark | Cq-roll Call, Inc. | Getty Images Crypto companies such as Coinbase are calling for Congress to advance a major market structure bill known as the CLARITY […]
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Trump attack defendant Cole Allen under harsher jail conditions than Jan. 6 defendants: judge
A video still showing Cole Allen at the gym at the Hilton ahead of the White House Correspondents’ Association dinner. Courtesy: USAttyPirro An irritated federal judge on Monday said it appeared that Cole Allen, the man accused of trying to assassinate President Donald Trump at the White House Correspondents’ Association dinner, has been treated more […]
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Cramer defends AMD after downgrade: ‘This stock is going to go up much more’
Key Points CNBC’s Jim Cramer said AMD still has significant upside, arguing AI-driven demand for CPUs will keep pushing the stock higher. Cramer was responding to HSBC’s downgrade of AMD to hold from buy. CNBC’s Jim Cramer pushed back on a downgrade of Advanced Micro Devices , saying the stock still has meaningful upside as […]
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Novo Nordisk’s Wegovy pill head start forces investors to rethink Eli Lilly’s GLP-1 dominance
Still life of the new Wegovy semaglutide tablets on a white background. Its a prescription medicine used with a reduced calorie diet and .and physical activity. Michael Siluk | Universal Images Group | Getty Images When the Wegovy pill launched in January, telehealth provider LifeMD said its business doubled almost overnight. LifeMD went from seeing […]
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Wyndham CEO on Q1: Big pickup in our customers looking to travel
Geoff Ballotti, Wyndham CEO, joins ‘The Exchange’ to discuss the company’s quarterly earnings results, the Wyndham consumers and much more. Source
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