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Investing.com -- eBay has rejected a $56 billion takeover approach from GameStop, citing doubts over the financing of a deal that would see a company roughly one-quarter the size of its target attempt an audacious acquisition.

EBay’s board rejected GameStop’s unsolicited $56 billion takeover proposal. “We have concluded that your proposal is neither credible nor attractive,” eBay’s board wrote in a letter to GameStop CEO Ryan Cohen released today.

Tech stocks looked set to drop on Tuesday, as investors took the opportunity to lock in some profit following a stellar rally in chip stocks. Futures tracking the Nasdaq 100 were 0.7% lower. Red-hot Intel and Micron Technology both slid by about 2% and Qualcomm, which hit a record high on Monday, was down by a similar amount.

At 6.7%, Pfizer's dividend yield is exceptionally high, but whether it's sustainable is debatable.

The warehouse giant has been trailing the market over the past year.

Nvidia stock looked set to fall on Tuesday from a record high in the previous session. CEO Jensen Huang won’t be among the business leaders accompanying President Donald Trump on this week’s visit to China, according to reports. The recent strength of the semiconductor sector has been a boon for Nvidia, as investors warm again to the prospects for its artificial-intelligence chips.

The company's sales revenues rose by 11.7% to $23.5bn (114.84bn reais) from $21.1bn in Q1 2025.

On its recent earnings call, the company suggested it may be more aggressive in pursuing growth opportunities.

Shareholder complaints against the payment processor are closely related and should be adjudicated in a New York case, a Wisconsin federal judge ruled.

This could spell trouble for the company's robotaxi ambitions.

Stocks looked set to tumble on Tuesday as the stand-off between the U.S. and Iran dragged on, putting the market on edge ahead of an inflation reading that will make clear just how much the war in the Middle East is impacting the economy. S&P 500 futures declined 0.4% and contracts tied to the tech-heavy Nasdaq 100 dropped 0.8%. The S&P and Nasdaq both eked out record highs on Monday as the rally in chip stocks rolled on.

Oil prices climbed on Tuesday as US-Iran talks stalled, while South Korean calls for a social tax on AI profits dragged down the tech-rich Kospi index.South Korea is riding an AI chip boom driving massive earnings for tech giants Samsung and SK hynix and sending the Kospi to record highs in recent weeks.

Japan's Panasonic Holdings said ‌on Tuesday it ‌expected full-year profit at its energy ​unit, which supplies batteries to Tesla, to more than double, recovering after ‌posting ⁠a quarterly loss. The business, which posted a 3.8-billion-yen loss ‌in the ​January-March quarter, was ​hit ​by U.S. tariffs, ‌start-up costs at ​its Kansas ​plant and lower sales at a factory ​in ‌Japan.

Cloud security and performance company Cloudflare (NYSE:NET) reported revenue ahead of Wall Street’s expectations in Q1 CY2026, with sales up 33.5% year on year to $639.8 million. The company expects next quarter’s revenue to be around $664.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.25 per share was 7% above analysts’ consensus estimates.

(Bloomberg) -- Amazon.com Inc. has begun the sale of its first Swiss franc bonds as it looks to raise a record six-part deal in the currency.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 CompanyEpstein's Black Card: How He Moved Women With His AmexTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’The company is selling debt due in three, six, nine, 12, 18 and 25-years, according to a person f

Texas Attorney General Ken Paxton has filed a lawsuit against Netflix (NasdaqGS:NFLX). The suit accuses Netflix of illegally collecting data on children and designing its platform to be addictive. Allegations include misrepresenting data practices, unlawful surveillance of users, and prioritizing behavioral data monetization. The case seeks penalties, state-level restrictions, and a permanent injunction on certain user data practices. For investors watching Netflix as a large subscription...

Rising oil prices and a sudden halt for technology stocks are slowing Wall Street’s record-breaking run on Tuesday. After coming into the day with a gain of nearly 179% for the year so far, for example, Micron Technology dropped 3.9%. Also weighing on Wall Street was another rise in oil prices as the war with Iran threatens to drag on.

(Bloomberg) -- China’s central bank has warned on the risks of imported inflation from higher oil prices stemming from the war in Iran, offering no hint of preparing to ease policy as it looks to ensure that its interest rates reach the economy.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’Epstein's Black Card: How He Moved Women With H

Petrobras posted lower first-quarter earnings despite record oil production and strong refining performance.

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 ...

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

Micron is up 826% in the last year. Should investors cash in their profit?

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.

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.

Investing.com -- Gitlab Inc (NASDAQ:GTLB) shares fell 8.2% in after-hours trading Monday following the company’s announcement of a significant workforce reduction. The software development platform disclosed the plan in an 8-K filing, labeling the shift as "GitLab Act 2" to prepare for the "agentic era" of AI-driven engineering. The company reaffirmed its first-quarter and full-year fiscal 2027 guidance, originally issued on March 3. Management expects quarterly revenue between $253 million and