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WASHINGTON, May 12 (Reuters) - PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "
Bookings surged to $33.4 million in the first quarter, up from $1.6 million a year earlier, driven by a $20 million university system sale
Santa Clara County says the company profited from fraudulent ads targeting seniors and families.
Stocks stumbled Tuesday, with tech stocks taking a relatively bigger hit, after the latest inflation report came in hotter than expected. The Dow was flat, while the S&P 500 was down 0.4%. The tech-heavy Nasdaq was down 0.8%.
D-Wave Quantum's Q1 loss is narrower than estimates. The company posts record bookings despite a revenue miss, as it expands commercial adoption and quantum initiatives.
MARA reports a $1.26 billion net loss in Q1 2026 as bitcoin price drops hit holdings. See the full breakdown of revenue and mining operations here.
CENX posted Q1 earnings growth and expects stronger Q2 EBITDA as higher aluminum prices and premiums offset weaker shipments.
Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.” Ryan Cohen’s GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said at the time that its approximately 1,600 U.S. stores could become drop-off and shipping locations.
Alibaba earnings are expected to show falling profit as it invests in artificial intelligence and food delivery.
Hims & Hers stock sinks as higher costs weighed on the health platform's quarterly results.
Hims & Hers stock sinks as higher costs weighed on the health platform's quarterly results.
Economists expect consumer prices rose 3.7% year-over-year in April, up from 3.3% in March, as oil prices climb above $100 a barrel
D-Wave reported a smaller-than-expected Q1 loss while revenue missed views as investors focus on the commercial growth of quantum computing stocks.
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.
Shareholder complaints against the payment processor are closely related and should be adjudicated in a New York case, a Wisconsin federal judge ruled.
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.
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.
(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
May 12 (Reuters) - India's Nifty IT index tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled
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
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
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
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