NEWS

SAN JOSE, Calif. — eBay Inc. on Tuesday formally rejected GameStop Corp.'s unsolicited $56 billion takeover offer, calling the proposal from the meme-stock-fueled video game retailer "neither credible nor attractive" in a sharply worded letter to GameStop Executive Chairman Ryan Cohen. The swift dismissal ends — at least for now — one of the most audacious corporate power plays in recent memory, with eBay's board citing deep concerns over financing, operational risks and governance.

LONDON — Las Iguanas, the UK's popular Latin American-inspired restaurant chain known for its vibrant atmosphere, sizzling fajitas and bottomless cocktails, is fighting for survival as its parent company warns it could run out of money without a major financial overhaul.

GRAPEVINE, Texas — GameStop Corp. stunned Wall Street on May 3 by launching an unsolicited $55.5 billion bid to acquire eBay Inc., proposing $125 per share in a cash-and-stock deal that would create a massive combined retail and e-commerce powerhouse under CEO Ryan Cohen.

Elon Musk threw his influential support behind a bold 2011 proposal from Warren Buffett that would automatically bar all sitting members of Congress from seeking reelection if the federal deficit exceeds 3% of U.S. GDP, reigniting fierce debate over fiscal accountability as the national debt approaches $40 trillion.

SYDNEY — The S&P/ASX 200 Index climbed 84.5 points, or 0.96%, to close at 8,878.1 on Thursday, May 7, 2026, snapping a string of recent losses as easing oil prices on renewed U.S.-Iran ceasefire optimism and record Wall Street closes fueled a broad-based rally across mining, banking and energy stocks.

NEW YORK — Tesla Inc. shares climbed more than 2.4% on Wednesday, May 6, 2026, closing at $398.73 and extending a rebound from recent lows as investors increasingly focus on the electric vehicle maker's long-term bets on artificial intelligence, autonomous driving and humanoid robotics despite near-term pressures on its core auto business.

SYDNEY — Australia is grappling with its most severe fuel crisis in decades as disruptions from the U.S.-Iran conflict continue to throttle oil supplies through the Strait of Hormuz, driving up prices, emptying service stations and threatening supply chains for food, transport and farming.

NEW YORK — World oil prices tumbled sharply Wednesday, with benchmark crude falling more than 10% in early trading as markets bet on a potential diplomatic breakthrough between the United States and Iran that could end weeks of conflict and restore flows through the critical Strait of Hormuz.

NEW YORK — DaVita Inc. shares exploded higher by nearly 19% in morning trading Wednesday, May 6, 2026, after the leading kidney care provider delivered a blockbuster first-quarter earnings beat and raised its full-year guidance, signaling robust demand for dialysis services and continued operational efficiency gains.

NEW YORK — GameStop Corp. shares rose more than 1% in early trading Wednesday, May 6, 2026, holding near $24.48 as investors digested the video game retailer's audacious unsolicited bid to acquire eBay for approximately $56 billion, a move that has reignited meme-stock frenzy and debate over CEO Ryan Cohen's ambitious vision.

NEW YORK — Advanced Micro Devices Inc. shares skyrocketed more than 15% in early trading Wednesday, May 6, 2026, after the semiconductor giant delivered stronger-than-expected first-quarter results and raised expectations for continued explosive growth driven by surging artificial intelligence infrastructure demand.

NEW YORK — Veeco Instruments Inc. (NASDAQ: VECO) shares exploded more than 18% in early trading Wednesday, climbing to $58.80 after the semiconductor equipment maker announced over $250 million in new orders for advanced laser manufacturing systems tied to artificial intelligence applications, overshadowing a modest first-quarter earnings miss and sending the stock to its highest level in months.

NEW YORK — Compass Inc. (NYSE: COMP) shares exploded more than 25% in early trading Wednesday, reaching $9.10 after the real estate technology company reported a strong first-quarter 2026 performance, turned profitable, and highlighted significant cost synergies from its major acquisition of Anywhere Real Estate.

NEW YORK — Flex Ltd. (NASDAQ: FLEX) shares skyrocketed more than 32% in early trading Wednesday, surging to $127.45 after the global manufacturing and technology solutions provider reported record fourth-quarter and fiscal 2026 results, significantly raised its full-year outlook, and announced plans to spin off its high-growth Cloud and Power Infrastructure segment into a new independent publicly traded company.

NEW YORK — The Dow Jones Industrial Average soared more than 500 points on Wednesday, closing at a record 49,810.58 as investors embraced easing Middle East tensions, strong corporate earnings and renewed optimism about the economic outlook, delivering one of the strongest daily gains of 2026.

CHICAGO — Major retailers Walmart and Aldi are urgently recalling several popular frozen pizza products nationwide due to potential Salmonella contamination traced to a cheese supplier, the U.S. Food and Drug Administration announced Tuesday.

NEW YORK — Fastly Inc. (NYSE: FSLY) presents a nuanced investment case in 2026, with strong revenue momentum from its edge cloud platform and AI-driven security services supporting a selective buy for long-term growth investors, while Wall Street's consensus Hold rating and elevated valuation suggest caution for new positions amid execution risks.

SYDNEY — The S&P/ASX 200 pushed higher on Wednesday, May 6, 2026, with mining, technology and services stocks driving gains as easing Middle East tensions and strong U.S. corporate earnings boosted investor sentiment across the local market.

SYDNEY — The S&P/ASX 200 Index climbed more than 1% on Wednesday, May 6, 2026, reaching 8,767.7 points in afternoon trading as investors welcomed strong U.S. corporate earnings, signs of stabilization in the Middle East and renewed optimism ahead of key domestic economic data.

The Australian Federal Police has confirmed that members of the cohort of ISIS-linked families will be arrested and charged upon returning to Australia.

NEW YORK — Edgewise Therapeutics Inc. (NASDAQ: EWTX) shares surged more than 23% Tuesday morning, climbing to around $38.83 as investors piled into the clinical-stage biotech company amid growing optimism over its muscle disease pipeline and broader sector momentum.

NEW YORK — GameStop Corp. (NYSE: GME) shares fell more than 2% in early trading Tuesday, dipping to around $23.26 as investors digested the company's surprise $56 billion proposal to acquire eBay and weighed ongoing challenges in its core retail business amid persistent meme-stock volatility.

NEW YORK — DigitalOcean Holdings Inc. (NYSE: DOCN) shares exploded more than 35% Tuesday morning, surging to around $147.61 after the cloud infrastructure company reported blockbuster first-quarter 2026 results that far exceeded Wall Street expectations and highlighted accelerating AI-driven growth.

NEW YORK — Costco Wholesale Corp. (NASDAQ: COST) remains one of the most resilient retail investments in 2026, with analysts largely recommending shares as a Moderate Buy amid robust membership growth, digital sales momentum and ambitious warehouse expansion plans, even as the stock trades near all-time highs around $1,012.

NEW YORK — Sterling Infrastructure Inc. (NASDAQ: STRL) shares skyrocketed more than 38% Tuesday morning, surging as high as 734.01 after the heavy construction and infrastructure company reported record first-quarter results and significantly raised its full-year 2026 guidance, fueled by booming demand for data centers and other critical projects.

NEW YORK — The Dow Jones Industrial Average climbed above the 49,000 milestone Tuesday morning, rising 0.20% or 99.56 points to 49,041.46 shortly after the opening bell as Wall Street shook off recent geopolitical jitters and focused on corporate earnings and signs of stabilization in the Strait of Hormuz.

SYDNEY — The S&P/ASX 200 index tumbled more than 50 points in midday trading Tuesday, closing in on its recent lows as investors braced for an expected Reserve Bank of Australia interest rate hike and grappled with soaring global oil prices amid escalating Middle East tensions.

PHILADELPHIA — Walmart is stripping self-checkout kiosks from more stores and bringing back cashier lanes, joining a growing retail shift that includes Costco's push for faster, staff-assisted scanning as theft concerns and customer complaints mount nationwide.

TOKYO — Seiko Group Corporation shares closed at ¥5,800 on Friday, May 1, 2026, slipping 0.51 percent or ¥30 from the previous session as light profit-taking followed recent gains and investors positioned for the company's full fiscal 2026 results due May 13. The modest decline came on volume of about 119,100 shares against a higher average, reflecting cautious sentiment ahead of earnings even as the iconic Japanese watchmaker and precision technology firm continues to show robust revenue growth and innovation in its core businesses.