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Stocks
Why Pony AI Stock Is Skyrocketing Today
Shares of Pony AI (NASDAQ: PONY) are flying higher on Tuesday. The stock has gained 34.3% as of 12:12 p.m. ET and was up by as much as 37% earlier in the day. The move comes as the S&P 500 and Nasdaq Composite indexes slipped 0.5% and 0.6%, respectively.Pony, a Chinese autonomous vehicle company, wi...The Motley Fool
Tue, May 6
Cryptocurrencies
86% of Russian pyramid schemes go after victims’ crypto
An overwhelming majority of financial pyramid schemes operating in Russia target investors’ crypto funds, according to new data released by the country’s central bank. The Russian monetary authority has registered a spike in the number of fraudulent players offering fake investment opportunities involving digital assets, precious metals, and real estate. Fraudsters urge investors to send […]Cryptopolitan
Tue, May 6
Commodities
Trump says US will not pay for California high-speed rail
WASHINGTON, May 6 (Reuters) - The Trump administration will not pay for a high-speed rail line planned between Los Angeles and San Francisco, President Donald Trump told reporters at the White House on Tuesday, citing cost overruns.The Republican president's administration in February began prob...Reuters
Tue, May 6
Other
Pentagon wireless spectrum sale could put Trump Golden Dome plan at risk, senator says
WASHINGTON, May 6 (Reuters) - The top Democrat on the Senate Commerce Committee said the sale of wireless spectrum held by the Pentagon could put President Donald Trump's "Golden Dome" missile defense shield and other military projects at risk.Senator Maria Cantwell said mandating the sa...Reuters
Tue, May 6
Other
Cisco shows quantum networking chip, opens new lab
By Stephen Nellis SAN FRANCISCO, May 6 (Reuters) - Cisco Systems on Tuesday showed a prototype chip for networking quantum computers together and said it is opening a new lab in Santa Monica, California, to further pursue quantum computing.The chip uses some of the same technology as current netw...Reuters
Tue, May 6
Stocks
Palantir shares tumble after results fail to impress
** Palantir Technologies PLTR.O stock dipping 12.3% on Tues after qtrly results and raised forecast failed to satisfy investors' high expectations following shares' recent rally** The AI-focused data co's rev grew 39% in Q1 to $883.9 mln, exceeding consensus analyst estimates of $862.8 m...Reuters
Tue, May 6
Other
EU recovery fund not fully transparent or accountable, auditors say
ECA highlights lack of transparency in EU recovery fund spendingFunds disbursed without clear link to project costs, ECA warnsFuture EU borrowing depends on recovery fund's success, policymakers sayBy Jan StrupczewskiBRUSSELS, May 6 (Reuters) - The European Union's 650 billion euro ($736.58 ...Reuters
Tue, May 6
Stocks
PREVIEW: AMD stock slips ahead of earnings amid China export curbs
** Advanced Micro Devices AMD.O shares slipping 1.4% on Tues ahead of qtrly results after the bell, as investors focus on potential impact of U.S. export restrictions to China** Analysts expect qtrly rev up 30% to $7.13 bln, with adjusted EPS seen at $0.94 vs $0.62 yr-ago, per LSEG, highlighting gro...Reuters
Tue, May 6
Commodities
US power use to reach record highs in 2025 and 2026, EIA says
May 6 (Reuters) - U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.The EIA projected power demand will rise to 4,205 billion kilowatt hours (kWh) in 2025 and 4,252 billion kWh in 2026, fr...Reuters
Tue, May 6
Other
Intel shareholders approve equity incentive plan, new CEO pay
SAN FRANCISCO, May 6 (Reuters) - Intel shareholders on Tuesday approved a company measure aimed at topping up share reserves to attract and retain new employees and compensation for new CEO Lip-Bu Tan.Intel shareholders also approved the company's board of directors, though three members did not...Reuters
Tue, May 6
Other
Trump administration plans to end Energy Star program for home appliances, Washington Post reports
May 6 (Reuters) - The U.S. Environmental Protection Agency plans to end Energy Star, a program whose iconic blue labels have certified the energy efficiency of home appliances for more than three decades, the Washington Post reported on Tuesday, citing people briefed on the matter.During an all-hand...Reuters
Tue, May 6
Other
Texas Health Department Reports 702 Measles Cases As Of May 6
May 6 (Reuters) - Texas Health Department: TEXAS HEALTH DEPARTMENT REPORTS 702 MEASLES CASES AS OF MAY 6 - WEBSITETEXAS HEALTH DEPARTMENT REPORTS 403 MEASLES CASES IN GAINES COUNTY AS OF MAY 6TEXAS HEALTH DEPARTMENT REPORTS 91 HOSPITALIZATIONS IN MEASLES PATIENTS AS OF MAY 6Reuters
Tue, May 6
Stocks
Netflix Stock Gained 21.4% Last Month. Here's How.
Shares of Netflix (NASDAQ: NFLX) rose 21.4% in April, according to data from S&P Global Market Intelligence. You might expect the company's impressive earnings report to provide fuel for these fires. It sure didn't hurt the stock that the first-quarter numbers were strong, but the report barely move...The Motley Fool
Tue, May 6
Economic Indicator
Canada's Carney says USMCA needs changes as Trump raises renegotiations
WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney said some aspects of the USMCA trade deal between Canada, the United States and Mexico signed during Donald Trump's first term will have to change as the U.S. president also raised renegotiations for the trade pact that is up for ...Reuters
Tue, May 6
Stocks
UK's FTSE 100 flat as investors assess Trump's latest tariffs ahead of Fed
FTSE 100 flat, FTSE 250 up 0.6%BP climbs on report of potential acquisition by ShellDeliveroo gains on $3.9 billion takeover deal with Doordash May 6 (Reuters) - Britain's benchmark FTSE 100 index .FTSE ended flat on Tuesday, as investors assessed the lingering tariff concerns and their econo...Reuters
Tue, May 6
Cryptocurrencies
Top Google search result for HyperSwap is a sponsored ad meant to drain your wallet
Web3 anti-scam platform Scam Sniffer sounded the alarm on a HyperSwap crypto phishing scam, the latest in a trend of threat actors using Google Ads to infiltrate unsuspecting victims’ wallets. Scam Sniffer shared the warning in a post on X (formerly Twitter), revealing that the top Google search result for the decentralized HyperSwap exchange is […]Cryptopolitan
Tue, May 6
Economic Indicator
Trump says US will stop bombing Houthis after agreement struck
WASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that the U.S. will stop bombing the Houthis in Yemen after the Iran-aligned group agreed to stop interrupting important shipping lanes in the Middle East.Reuters
Tue, May 6
Other
CORRECTED-Axa XL grows GWP by 9% in Q1
By Scott VincentMay 6 - (The Insurer) - Axa XL grew its gross written premiums to close to 7 billion euros during the first quarter of 2025, parent company Axa reported in a trading statement on Tuesday. Across the Axa Group, P&C gross written premiums grew 7% during the quarter to 21 billion eu...Reuters
Tue, May 6
