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EBay Rejects $56 Billion Bid, GameStop Stock Drops
The Wall Street Journal89d agobearish
EBay Rejects $56 Billion Bid, GameStop Stock Drops

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.

Judge combines Fiserv lawsuits
Payments Dive89d agobearish
Judge combines Fiserv lawsuits

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

Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.
Barrons.com89d agobearish
Markets Drop Amid U.S.-Iran Stalemate. CPI Inflation Report Will Show Economic Impact of War.

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.

Panasonic forecasts profit rebound for battery unit after quarterly loss
Reuters89d agobearish
Panasonic forecasts profit rebound for battery unit after quarterly loss

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.

Bloomberg89d agobearish
Amazon Kicks Off Debut Swiss Franc Bond Sale in Record Six Parts

(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

Slumping AI stocks and rising oil prices halt Wall Street's record-breaking run
Associated Press89d agobearish
Slumping AI stocks and rising oil prices halt Wall Street's record-breaking run

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.

PBOC Warns on Imported Inflation, Focuses on Policy Transmission
Bloomberg89d agobearish
PBOC Warns on Imported Inflation, Focuses on Policy Transmission

(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

Verizon CEO cuts to the chase on new layoffs and AI future
TheStreet89d agobearish
Verizon CEO cuts to the chase on new layoffs and AI future

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 ...

Investing.com89d agobearish
GitLab announces restructuring plan, shares slide

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

Assessing Wolfspeed (WOLF) Valuation After Earnings, Restructuring Moves And Silicon Carbide Milestones
Simply Wall St.89d agobearish
Assessing Wolfspeed (WOLF) Valuation After Earnings, Restructuring Moves And Silicon Carbide Milestones

Wolfspeed (WOLF) is back in focus after third quarter 2026 results highlighted continued losses along with a reshaped balance sheet, new silicon carbide product milestones, fresh leadership and revenue guidance for the coming quarter. See our latest analysis for Wolfspeed. That backdrop of restructuring and new product milestones has coincided with a powerful rebound in the stock, with the year to date share price return of 146.17% and a 90 day share price return of 194.94% pointing to...