SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks
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SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks
WEBTOON Entertainment (NASDAQ:WBTN) reported first-quarter 2026 revenue that declined slightly from a year earlier, while profitability improved as the digital comics and storytelling platform cited stronger gross margins, cost discipline and growth in paying users. Founder and CEO Junkoo Kim said
Rigetti Computing (NASDAQ:RGTI) reported higher first-quarter 2026 revenue and highlighted the launch of its 108-qubit Cepheus-1-108Q system as management emphasized customer adoption, ongoing fidelity improvements and a sizable cash position to fund its quantum computing roadmap. Chief Executive S
Quantum Computing (NASDAQ:QUBT) reported a sharp year-over-year increase in first-quarter revenue as recent acquisitions began contributing to results, while management outlined plans to expand manufacturing capabilities and advance its quantum photonics product roadmap. On the company’s first-quar
Bank of America just got even more bullish on CoreWeave (CRWV), spearheaded by the market’s insatiable demand for AI infrastructure. On May 6, according to TheFly, BofA raised its price target on the AI cloud giant’s stock to $140 from $120, while maintaining a “Buy” rating, driven by relentless ...
A staffer raises an embarrassing claim. An investigation follows. Deciding what to do next—and whether to offer a payout—gets complicated for employers.
Thank you for attending the Babcock & Wilcox Enterprises First Quarter 2026 Conference Call. You may proceed, Ms. Brooks. Sharyn Brooks: Thank you, Allen, and thanks to everyone for joining us on Babcock & Wilcox Enterprises First Quarter 2026 Earnings Conference Call.
OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, U.S. digital news outlet The Information reported on Monday, citing a person with knowledge of the arrangement. The development comes as OpenAI and Microsoft renegotiated a contract last month, making room for OpenAI to forge new partnerships with companies such as Amazon and Google. The payment cap could help OpenAI present a stronger long-term pitch to investors as it works toward a public offering, which some executives said could take place as soon as the end of this year, according to the report.
Plug Power (NASDAQ:PLUG) reported higher first-quarter revenue and a narrower gross loss as management said cost cuts, stronger electrolyzer activity and improving hydrogen fuel economics supported progress toward its 2026 profitability targets. On the company’s 2026 first-quarter earnings call, CE
Marathon Digital (NASDAQ:MARA) executives said the company used the first quarter of fiscal 2026 to accelerate its shift from a pure-play Bitcoin miner toward a broader digital infrastructure business focused on power-backed AI, high-performance computing and critical IT workloads. Chairman and CEO
There's a version of Walmart most people still picture. Fluorescent lights, crowded aisles, maybe a cart with a wobbly wheel. That version still exists. But the company Wall Street is paying 43 times forward earnings for? That's a different beast entirely.As of 2026, Walmart is a 63-year-old ...
The leaner era of Verizon Communications has entered a new phase of targeted reductions. On May 7, the company confirmed a new round of workforce cuts that will affect hundreds of employees. This move arrives less than six months after the company completed a massive 13,000-person reduction, the ...
Robinhood files confidentially for its second venture fund, this time targeting growth as well as early-stage startups.
Halozyme Therapeutics (NASDAQ:HALO) reported a sharp increase in first-quarter 2026 revenue and earnings, driven by continued growth in royalties from its ENHANZE drug-delivery platform, and announced a new $1 billion share repurchase authorization. On the company’s earnings call, President and CEO
Almonty Industries Inc. (ALM) delivered earnings and revenue surprises of +33.33% and +19.90%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksEpstein'
The Dow Jones Industrial Average added 0.2%, while the S&P 500 also inched 0.2% higher and the Nasdaq Composite edged up 0.1%. Investor attention is focused squarely on events later in the week, including inflation data and a meeting between the U.S. and China. Sure, there’s still a war going on, and the impasse in the Gulf shows no signs of ending as the U.S. and Iran fail to reach a peace agreement.
By Amina Niasse and Siddhi Mahatole May 11 (Reuters) - Hims & Hers Health missed Wall Street estimates for first-quarter revenue and posted a surprise loss on Monday, as the telehealth company's shift
Traders are piling into this AI data-center pivot even as fresh earnings highlight execution risks, today, May 11, 2026.
AST SpaceMobile (NASDAQ:ASTS) said it remains on track with its 2026 deployment and revenue plans as the satellite-to-smartphone company works to scale manufacturing, launch additional BlueBird satellites and move closer to commercial service activation in key markets. On the company’s first-quarte
Cleanspark (NASDAQ:CLSK) reported fiscal second-quarter 2026 results while emphasizing its ongoing shift from a bitcoin mining-focused operator toward a broader digital infrastructure and data center development platform aimed at serving artificial intelligence and high-performance computing demand.
Josh Lipton, host of Yahoo Finance's Asking for a Trend, breaks down what to watch out for on Tuesday, May 12th.
Additionally, there are billions of people without cellular broadband and who remain unconnected to the global economy. The markets we are pursuing at AST SpaceMobile, Inc. are massive; the problem we are solving is important and touches nearly all of us. In this backdrop, AST SpaceMobile, Inc. is building the first and only global cellular broadband network in space to operate directly with everyday unmodified mobile devices, supported by our extensive IP and patent portfolio.
OpenAI has formally unveiled OpenAI Deployment Company, a new venture aimed at accelerating corporate AI adoption. The initiative is backed by a mix of asset managers, private equity managers and consultancy firms and comes at a time when pressure from AI disruption is calling for a fundamental rethink of the industry’s traditional playbook. The new JV launches with more than $4 billion in initial capital backed by a consortium of investment and consulting firms, led by TPG. Advent International
Shares of Quantum Computing Inc. fell 38% last year, but first-quarter earnings mark a shift in investor sentiment.
Subodh Kulkarni: Good afternoon, and thank you for joining us for Rigetti Computing, Inc.'s first quarter 2026 earnings conference call. Before we begin, I would like to remind everyone that today’s call, along with our first quarter 2026 press release, contains forward-looking statements.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.
A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp how the war in Iran is affecting the economy and where Federal Reserve interest rates may be headed.