Uber said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.
SpaceX President Gwynne Shotwell announced a donation of her and her husband's SpaceX stock to the Trump Accounts program, benefiting approximately 2 million American children, with a focus on those near their central Texas home.
Swedish fintech Klarna has applied to federal and state regulators to establish a U.S. bank subsidiary, Klarna Bank USA, chartered in Utah and backed by FDIC. This move aims to bring banking operations in-house, offer broader consumer services, and enhance competition in the market.
Microsoft is eliminating 4,800 jobs, 2.1% of its workforce, with the Xbox division losing 20% of its staff, or 3,200 roles, by fiscal year 2027. These cuts are part of cost-reduction efforts amid investor concerns about AI and lagging revenue in areas like Windows and Xbox.
Jim Cramer's Charitable Trust plans to buy 120 shares of Intel (INTC) at approximately $124 each, increasing its portfolio weighting to 2.7%. This move follows a 14% drop in Intel shares last week, with Cramer's team remaining bullish on long-term demand and the foundry business.
AI company Anthropic has signed a 20-year lease for a 400-megawatt data center in Hawesville, Kentucky, operated by TeraWulf. The deal is expected to generate $19 billion in revenue and boost TeraWulf's stock, which has already risen over 80% this year.
Versant Media Group, owner of CNBC and Golf Channel, will acquire golf simulation company Full Swing for $530 million. This move aligns with Versant's strategy to invest in non-traditional media businesses and expand its golf portfolio, which already includes GolfPass and GolfNow.
