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Stryker Stock Drops 6.5% as Cyberattack Derails Q1 Earnings; 2026 Targets Remain
Stryker shares dropped 6.5% after Q1 earnings missed estimates due to a March cyberattack. Revenue was $6.0B vs $6.35B expected, but 2026 guidance remains unchanged.
Salesforce Restructures AI Revenue Reporting into Two Segments
Salesforce will reorganize its AI-era revenue into two segments, Agentforce Apps and Data 360, starting fiscal 2027. Shares rose 4.13% to $183.82.
JetBlue Expands Routes, Offers Rescue Fares After Spirit's Collapse
JetBlue Airways announced 11 new Fort Lauderdale routes and $99 rescue fares for stranded Spirit Airlines customers after Spirit canceled all flights and began winding down operations.
Greg Abel Takes Center Stage at Berkshire Hathaway as Cash Pile Swells to $397 Billion
Greg Abel presided over Berkshire Hathaway's annual meeting for the first time as CEO, with Warren Buffett watching from the audience. The conglomerate reported a jump in operating earnings and a record cash pile of nearly $400 billion.
Nebius Acquires Eigen AI for $643M to Tackle Inference Cost Challenge
Nebius Group NV acquires Eigen AI for $643M to expand AI inference software, addressing rising costs in AI cloud computing. Shares rose 11.8%.
SoundHound AI Surges 20% Ahead of Earnings; Short Squeeze in Play
SoundHound AI shares surged 20% to $9.56 on Friday, driven by short-squeeze speculation ahead of its May 7 earnings report, with 38% of the float sold short.
eBay Soars on Report of GameStop Takeover Bid
eBay shares surged over 13% after-hours on reports that GameStop is preparing a takeover bid. The potential deal raises questions about financing and strategic fit.
GameStop Prepares Bid for eBay, Testing Cohen's $100B Goal
GameStop is preparing a takeover bid for eBay, with CEO Ryan Cohen's $100B market cap compensation plan on the line. eBay shares surged 14% after-hours.
Spirit Airlines Grounds All Flights Amid Funding Crisis, Stranding Over 800,000 Passengers
Spirit Airlines shuts down immediately after failing to secure funding, canceling all flights and affecting over 800,000 booked passengers. Competitors step in with discounted fares.
Is Cash Still a Safe Bet? How Inflation Erodes Savings Yields
Inflation is outpacing most savings accounts, making cash a costly choice. High-yield options like online banks and I bonds offer better returns.
Data Storage Stocks Emerge as Unexpected AI Beneficiaries
Data storage stocks like Seagate, Sandisk, and Western Digital rally on AI data demand, with Sandisk reporting 251% revenue growth and a $42 billion supply deal.