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NASA picks Blue Origin, other space firms for moon missions
Reuters74d agobearish
NASA picks Blue Origin, other space firms for moon missions

NASA awarded contracts to space firms including Jeff Bezos' Blue Origin and ‌Astrolab to send robotic landers, rovers and ‌drones to support the upcoming lunar exploration missions. The U.S. space ​agency said on Tuesday it had awarded Astrolab $219 million and Lunar Outpost $220 million to build and deliver lunar terrain vehicles. Blue Origin was awarded a $188 million ‌contract to deliver ⁠the rovers to the moon's surface using its uncrewed cargo lunar lander, Mark ⁠1.

Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance
Barrons.com74d agobearish
Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance

Shares of Zscaler fell late Tuesday after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short. The cybersecurity company posted adjusted earnings of $1.08 a share, compared with 84 cents a share a year ago and above Wall Street’s expectations of $1.01 a share. Revenue grew 25% to $850.5 million, topping the analyst consensus of $835.6 million, according to FactSet.

Nvidia CEO has blunt message on AI layoffs in 2026
TheStreet74d agobearish
Nvidia CEO has blunt message on AI layoffs in 2026

Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...

Starbucks Stumbles With Botched South Korean Promotion
The Wall Street Journal74d agobearish
Starbucks Stumbles With Botched South Korean Promotion

Starbucks shares fell 2% Tuesday after a promotion misfire and threatened boycotts in South Korea, one of the chain’s biggest markets. The company’s South Korean licensee recently ran a “Tank Day” marketing campaign, offering discounts on the company’s “Tank” tumbler series. The promotion’s last week coincided with the anniversary of a 1980 massacre in South Korea, when the country’s military deployed soldiers in tanks to crush a demonstration, killing protesters.

Eric Trump has a stark message on selling Bitcoin
TheStreet74d agobearish
Eric Trump has a stark message on selling Bitcoin

During Strategy's (NASDAQ: MSTR) Q1 2026 earnings call on May 5, Michael Saylor, the company's executive chairman, said something that shook crypto maximalists. "We will probably sell some Bitcoin to pay a dividend just to inoculate the market and send the message that we did it," Saylor ...

Bloomberg75d agobearish
Ferrari Rolls Out Five-Seat Fully Electric Car in Brand First

(Bloomberg) -- Ferrari NV unveiled its first fully electric car, a five-seat model priced at €550,000 ($640,000) that marks a sharp break from the sports-car maker’s fuel-burning heritage.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Urani

Arm Holdings plc (ARM) to Face US Antitrust Probe over Chip Tech, Bloomberg News Reports
Insider Monkey75d agobearish
Arm Holdings plc (ARM) to Face US Antitrust Probe over Chip Tech, Bloomberg News Reports

Arm Holdings plc (NASDAQ:ARM) is one of the 10 Best Performing Quantum Computing Stocks So Far in 2026. On May 16, Reuters, citing Bloomberg News, reported that Arm Holdings plc (NASDAQ:ARM) faces a US antitrust probe, with the Federal Trade Commission investigating its semiconductor licensing practices. The Federal Trade Commission is examining whether Arm Holdings […]

US Stock Futures Gain as Crude Oil Drops on Iran: Markets Wrap
Bloomberg75d agobearish
US Stock Futures Gain as Crude Oil Drops on Iran: Markets Wrap

(Bloomberg) -- Global stocks rose to record highs as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps

Oil Futures Poised to Trade Amid Hopes for Iran Deal
Barrons.com76d agobearish
Oil Futures Poised to Trade Amid Hopes for Iran Deal

Oil futures are poised to begin trading later on Sunday after the Trump administration hinted officials are inching closer to a deal with Iran to end the three-month conflict and reopen the Strait of Hormuz. The two benchmarks are up about 70% from the start of the year, according to Dow Jones Market Data.

Citi says defense selloff creates Boeing stock opportunity
TheStreet77d agobearish
Citi says defense selloff creates Boeing stock opportunity

Investors have had plenty of reasons to question Boeing over the past few years, but Wall Street is starting to separate the company’s defense story from its better-known commercial aviation challenges. Citi is turning more constructive on parts of the aerospace and defense sector after a sharp ...

US jury finds Boeing not guilty in 737 MAX grounding lawsuit
AFP77d agobearish
US jury finds Boeing not guilty in 737 MAX grounding lawsuit

A US jury found Friday that aerospace giant Boeing was not liable for lost revenue in a lawsuit involving its 737 MAX jets, which were grounded for 20 months following two deadly crashes in 2018 and 2019.The 737 MAX jets were grounded from March 2019 until November 2020, when the US Federal Aviation Administration cleared the aircraft to resume service after Boeing upgraded the MCAS. - Victim family lawsuits - The case from the airline, whose full company name is Polskie Linie Lotnicze LOT S.A.,

Trump Says 'I Want Kevin To Be Totally Independent,' But Prediction Markets Don't Believe In Cuts
Benzinga78d agobearish
Trump Says 'I Want Kevin To Be Totally Independent,' But Prediction Markets Don't Believe In Cuts

President Donald Trump told the room he wants Kevin Warsh “totally independent” as he swore him in as Federal Reserve chairman Friday, then spent the next hour arguing the economy can boom without inflation. The price data has other ideas. Annual inflation hit 3.8% in April, the highest since 2023, up from 2.4% before the war with Iran closed the Strait of Hormuz and sent energy prices climbing. Core inflation held at 2.8%, well above the Fed’s 2% target. Crude has stayed nearly 50% above pre-co

Bloomberg78d agobearish
House Panel to Probe Insider Trading on Prediction Markets

(Bloomberg) -- The House Oversight Committee is investigating how customers of Kalshi and Polymarket could be using non-public information to engage in insider trading, escalating concerns about prediction markets after some suspiciously well timed trades. Most Read from BloombergBungie Plans Layoffs After Ending ‘Destiny 2’ DevelopmentSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaUAE Joins Saudis, Qatar in Urging Trump Not to Restart WarIran in Talks With Oman Over Permanent H