Finance & Business News

Ferrari tops Wall Street's first-quarter expectations ahead of EV debut - CNBC

Ferrari NV on Tuesday beat Wall Street's first quarter earnings expectations and reconfirmed its guidance for the year.

May 5, 2026

Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining - CNBC

Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.

May 5, 2026

Stock Market Today: Dow, S&P 500 and Nasdaq called higher as oil dips from highs; Palantir slips after results; AMD earnings on tap. - MarketWatch

Stocks are poised to shake off weakness to start the week despite Iran war concerns

May 5, 2026

Wealthy families regret rushing to give gifts after tax law changed - USA Today

Wealthy families rushed to give away assets to save on taxes, but a new law made exemptions permanent, causing some 'buyer's remorse'.

May 5, 2026

New frontier of AI forces Trump's heavy hand - Axios

The White House wants to be a gatekeeper for the most powerful new models on Earth.

May 5, 2026

Palantir Q1 revenue jumps 85% on booming US business - Yahoo Finance

Palantir reported Q1 earnings on Monday after the bell.

May 5, 2026

JetBlue Steps in to Help Stranded Spirit Customers with $99 Rescue Fares, Announces Plans to Add 11 Destinations From Fort Lauderdale - news.jetblue.com

Plan reflects JetBlue’s long-term commitment to South Florida and ensures continued connectivity for customers JetBlue (Nasdaq: JBLU) today announced it is stepping in to support Spirit customers and team members affected by the airline’s shutdown. JetBlue is…

May 5, 2026

Stock futures are higher as Wall Street eyes latest developments in Middle East and oil prices: Live updates - CNBC

All three major averages slipped on Monday as tensions in the Middle East threatened the staying power of a tenuous ceasefire between the U.S. and Iran.

May 5, 2026

HSBC Profit Misses on Charges Related to the UK, Middle East - Bloomberg.com

HSBC Holdings Plc reported profit that missed estimates, weighed down by an unexpected charge related to the collapse of UK mortgage lender Market Financial Solutions Ltd. and rising economic risks stemming from the conflict in the Middle East.

May 5, 2026

Officials warn of banking spoof callers draining customers' accounts - Fox Business

Banking spoof calls are tricking customers into emptying accounts as victims report losing thousands to scammers posing as bank fraud departments.

May 5, 2026

Asian shares slip and oil prices retreat from latest flare in Iran tensions - AP News

Asian stocks are trading lower, tracking losses on Wall Street after U.S. stocks fell from record highs. Oil prices fell back on Tuesday after jumping the day before as tensions between the U.S. and Iran escalated. U.S. futures edged higher. Markets in Japan,…

May 5, 2026

Treasury Selloff Pushes 30-Year Yield to Brink of 18-Year High - BeInCrypto

The 30-year US Treasury yield exceeded 5%, nearing an 18-year high as the US-Iran war continues to fuel inflation fears.

May 5, 2026

Trump family's crypto firm sues investor Justin Sun, escalating feud - ABC News - Breaking News, Latest News and Videos

May 5, 2026

On a mission to maintain strong local journalism in Pittsburgh - Pittsburgh Post-Gazette

False

May 5, 2026

Australia hikes rates again and warns inflation will stay higher for longer - CNBC

Inflation had picked up materially in the second half of 2025, and the conflict in the Middle East had resulted in sharply higher fuel and commodity prices.

May 5, 2026

California investigates Trump administration’s deal to end an offshore wind project - AP News

California is investigating one of the Trump administration’s deals to end an offshore wind project. Golden State Wind was a floating offshore wind project proposed off California’s central coast. The California Energy Commission says Monday it issued an admi…

May 5, 2026

Baltimore bakery truck hit by United Airlines jet on New Jersey Turnpike, video shows - CBS News

A United Airlines flight hit a Baltimore bakery truck on the New Jersey Turnpike as the jet was preparing to land at Newark Airport.

May 4, 2026

Elon Musk settles SEC lawsuit over Twitter stock disclosures - Politico

A trust in the billionaire Tesla CEO's name will pay $1.5 million to settle allegations that Musk failed to properly disclose his purchases of Twitter stock in 2022.

May 4, 2026

Frozen pizza sold at Walmart, Aldi recalled over salmonella concerns - Fox Business

The USDA and FDA have issued a public health alert for frozen pizzas sold at Walmart and Aldi. Recalled brands include Great Value, Mama Cozzi’s, and Pork King Good.

May 4, 2026

Paramount Making “Great Progress” on Warner Bros. Buy, Reaffirms Deal Close Timing - The Hollywood Reporter

Revenue and adjusted EBITDA were up in Q1 as the company transforms the Paramount assets acquired last year.

May 4, 2026

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