Cloudflare’s stock falls as cofounders say the layoffs are “not a cost-cutting exercise.”

Asia's tech giants give AI bull run a new centre of gravity Reuters

SoftBank Group Corp. ’s stock rally faces a test against reality next week, with investors clamoring for assurance that the company’s multibillion-dollar bet on an increasingly embattled OpenAI will be worth the money. Masayoshi Son ’s tech investment group is set to report full-year earnings on May 13, and many expect bumper profits driven by the company’s AI-related investments, including its 90% stake in CPU chip designer Arm Holdings Plc . But worries about how SoftBank will fund its growing commitment to OpenAI and whether that bet will pay off may crash the party. “If people start to worry too much about the balance sheet, then the discount for SoftBank shares widens,” said Kirk Boodry , an analyst at Bloomberg Intelligence. “When they made the investment last year it was a big number, but investors accepted it because OpenAI was the future. Now, there are questions.” Caution is being amplified by SoftBank’s lofty share valuation. The stock is trading close to all-time highs after surging about 70% in the past month, fueled by general AI euphoria and signs of soaring CPU demand helping Arm. The shares look “bubbly,” Boodry said. Growing investor doubts around SoftBank’s OpenAI wager, set to total more than $60 billion for a 13% stake, reflect a reevaluation of Sam Altman ’s venture in light of rapid growth at Anthropic PBC and other rivals. Rising competition for generative AI users, a lawsuit by Elon Musk and reports that OpenAI’s revenue is falling short of its own targets are clouding the ChatGPT maker’s outlook. That’s a marked change from when SoftBank pledged its first major investment in March 2025. “There’s a risk that SoftBank’s ties to OpenAI end up turning negative,” said Kazuhiro Sasaki , head of research at Phillip Securities Japan. “There are worries about the future of OpenAI’s business. For SoftBank, it could just be a money-draining endeavor.” SoftBank is seeking a record bridge loan of as much as $40 billion to finance its OpenAI punt, and S&...

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US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the second instalment of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we weigh the odds of a major deal for Boeing aircraft after nearly a decade without a significant order from Chinese airlines. Shanghai Airlines was flying...

Major earnings expected before the bell on Friday include: Enbridge ( ENB ) Brookfield Asset Management Ltd. ( BAM ) Starwood Property Trust ( STWD ) Arbor Realty Trust ( ABR ) Sony Group Corporation ( SONY ) Other earnings slated for release before Friday's open include: AMCX , AMR , ANIP , AQN , ASIX , AU , BUR , CLMT , DCBO , DCH , EMBJ , ESNT , FIS , FLR , GLP , ICAGY , ILLMF , ISNPY , MSGS , NLCP , ORLA , OSK , PAA , PAGP , PPL , TDS , TM , WEN For Seeking Alpha's full earnings season calendar, click here .

i3 Verticals press release ( IIIV ): Q2 Non-GAAP EPS of $0.32 beats by $0.03 . Revenue of $57.52M (+6.3% Y/Y) in-line. he Company is providing the following revised outlook for the fiscal year ending September 30, 2026: (in thousands, except share and per share amounts) Previous Outlook Range Revised Outlook Range Fiscal year ending September 30, 2026 Revenue $ 223,000 - $ 234,000 $ 221,000 - $ 229,000 Adjusted EBITDA (non-GAAP) $ 61,000 - $ 66,500 $ 61,000 - $ 65,000 Adjusted diluted earnings per share (1) (non-GAAP) $ 1.08 - $ 1.16 $ 1.09 - $ 1.15 Click to enlarge More on i3 Verticals i3 Verticals, Inc. (IIIV) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript Seeking Alpha’s Quant Rating on i3 Verticals Historical earnings data for i3 Verticals Financial information for i3 Verticals

BEDFORD, Texas, May 07, 2026 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company" or "Legacy", Nasdaq: LEGH) today announced its financial results for the first quarter ended March 31, 2026.

"Existential": Israel Quadruples Foreign-Influence Budget To Massive $730M With the ranks of its foreign sympathizers plummeting all around the world and all across the political spectrum, the State of Israel is quadrupling its budget for so-called "public diplomacy," bringing its 2026 spending on foreign influence campaigns to a massive $730 million . With the country's growing unpopularity threatening US financial, military and diplomatic support , Israel's foreign minister has said an intensified effort to mold global opinion is an "existential issue." Both inside and outside of Israel, the country's public diplomacy effort is also referred to by its Hebrew name: hasbara . Even before the 2026 ramp-up in spending, Israel's spending on hasbara was already striking. Recent disclosures about 2025 hasbara spending shed some light on how Israel goes about shaping public opinion. Per the Jerusalem Post , that year's outlays included a $50 million social media ad campaign carried out on Google, YouTube, X and Outbrain. Another $40 million covered the hosting of foreign delegations. “We flew a lot of delegations to the country - whether it’s pastors, whether it’s politicians, universities,” Israeli Consul General Israel Bachar told the Jerusalem Post . “Everyone who returns from the country understands better and is more supportive. But you have to fly out a lot of people.” House Speaker Mike Johnson abruptly ended the workweek, sending the House into early recess to avoid a vote on releasing more Jeffrey Epstein documents. Members of Congress then packed their bags and flew to Israel. pic.twitter.com/QMV3TvAgaK — FlyingBeagle "Abu Alya" (@FlyingBeagle_) August 6, 2025 “ We must as a country invest much, much more, ” Israeli foreign minister Gideon Sa’ar argued in December. “It should be like investing in jets, bombs and missile interceptors. In the face of what’s arrayed against us and what’s invested against us, it’s far from enough. This is an existential issue .” An ...

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Cloudflare cuts workforce by 20% in 'AI-first' restructuring Reuters

Sixth Street Specialty Lending ( TSLX ) priced a $300M public offering of 5.650% notes due 2031. The notes mature on Aug. 15, 2031 and may be redeemed early under specified terms. Proceeds will be used to reduce debt under the company’s

On May 7, 2026, expanding freight trials, analyst backing, and cash burn concerns put this autonomy contender under a sharper spotlight.

据伊朗塔斯尼姆通讯社报道，伊朗伊斯兰革命卫队海军8日凌晨表示，3艘美军驱逐舰在遭到伊朗反舰弹道导弹、巡航导弹以及无人机打击后受损，迅速撤离霍尔木兹海峡附近海域。美军中央司令部证实3艘美军舰当天在霍尔木兹海峡遭伊朗袭击，并称美军对发动攻击的伊朗军事设施进行回击。（新华社）

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AVGO Stock Retreats Toward $400 as Spending and OpenAI Financing Concerns Emerge FXLeaders

A satellite view of the Strait of Hormuz, a strategic waterway between Iran and Oman that links the Persian Gulf to the Arabian Sea. Gallo Images | Getty Images The U.S. and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack. U.S. Central Command in a statement said its forces "intercepted unprovoked Iranian attacks and responded with self-defense strikes" as three U.S. Navy destroyers transited the strait late Thursday. "Iranian forces launched multiple missiles, drones and small boats" as the U.S. ships were passing toward the Gulf of Oman, CENTCOM said. "No U.S. assets were struck." CENTCOM "eliminated inbound threats and targeted Iranian military facilities responsible for attacking U.S. forces including missile and drone launch sites; command and control locations; and intelligence, surveillance and reconnaissance nodes," its statement said. "CENTCOM does not seek escalation but remains positioned and ready to protect American forces." Earlier, Iran accused the U.S. of violating the two countries' fragile ceasefire by striking multiple targets in and around the strait, a central chokepoint in the ongoing war. "The aggressive, terrorist, and bandit American army, violating the ceasefire, targeted an Iranian tanker that was moving from Iranian coastal waters" toward the strait, an Iranian military official said in a statement to state news outlets. Iran's armed forces "immediately retaliated by attacking US military vessels east of the Strait of Hormuz and south of Chabahar Port, causing significant damage to them," the spokesperson said, according to a translation of the reported statement. CENTCOM's statement does not mention the ceasefire, which began on April 8 and had already been badly frayed by repeated accusations that its terms are being breached. The White House and the Pentagon did not immediately respond to CNBC's requests for comment on news of the strikes. This is breaking news. Please refresh for update...

一个联邦法官小组当地时间周四裁定，美国总统特朗普在对大多数美国进口商品征收10%关税时违反了法律，这对白宫在未经国会明确授权情况下发动贸易战的努力而言，又是一次法律层面的挫败。 美国国际贸易法院在一项存在分歧的裁决中认定，特朗普自2月起实施这些关税时，错误援引了一项已有数十年历史的贸易法律。在特朗普此前一轮惩罚性关税被美国最高法院叫停后，他推出了这些新的关税措施。 这一裁决暂时对特朗普的贸易权限划定了严格新边界。特朗普一直强势动用贸易权力，试图重塑与盟友及对手的经贸关系、增加财政收入，并推动本土制造业回流。 案件后续走向尚不明确。美方政府原本就将这次全面关税视作临时举措，目的是争取时间，让特朗普借助其他法律依据，制定一套更长期、税率更高的关税方案。 白宫暂未回应置评请求。 特朗普政府大概率会提起上诉。但如果最终败诉，特朗普将不得不退还自2月20日宣布政策以来，通过这批关税征收的全部款项。此前特朗普另一轮大范围非法关税已累计征收约1660亿美元，目前相关退款流程已经启动。 今年2月最高法院宣布前序关税无效后，白宫迅速转而启用《1974年贸易法》中从未被启用过的第122条款重启关税。该条款授权白宫，在美国出现大规模、严重国际收支逆差，且面临根本性国际支付困境时，最高可征15%关税，实施期限最长150天。 这两项严苛的法定适用条件，源于当年美元与黄金挂钩时代国会的考量——彼时存在特殊经济风险，总统或需借助关税手段调控。但如今美元早已不再与黄金挂钩。今年春季，多个州政府及小企业联盟因此起诉特朗普政府，主张其并不满足法定前提，无权征收这10%的普遍性关税。 责任编辑：陈钰嘉

Iran deal doubts hit stocks Thursday, but Nvidia, Tesla were strong. CoreWeave, Rocket Lab, Cloudflare and IREN were earnings movers late. The jobs report is on deck.

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Ukrainian President Volodymyr Zelensky on Thursday warned Russia’s allies against attending its May 9 World War II victory parade, as Moscow doubled down on its threat to strike Kyiv on the day. Moscow has unilaterally declared a ceasefire from May 8 to 10 in its war on Ukraine but the Russian army has urged residents to leave Kyiv in case of a potential retaliatory strike on the day. “We have also received messages from some states close to Russia, saying that their representatives plan to be...

Mysten Labs co-founder Adeniyi Abiodun said the company built Sui to continue ambitions first explored during Meta’s Libra initiative. The company announced plans for fee-free ...

Annual Recurring Revenue (“ARR”)⁽¹⁾ up 34% YoY to $99.1 million Total Revenue up 47% YoY to $31.9 million Adjusted EBITDA⁽¹⁾ up 42% YoY to $8.0 million

美国中央司令部在X平台发文称：“5月7日，美军在海军导弹驱逐舰穿越霍尔木兹海峡前往阿曼湾期间，拦截了无端的伊朗攻击，并实施了自卫性打击。” 该帖文称：“没有美方资产遭到打击。” 帖文还表示：“中央司令部不寻求局势升级，但保持部署并准备好保护美国军队。” 责任编辑：陈钰嘉

IREN Limited ( IREN ) said its plans to expand to 480 MW in 2026 are on track, continuing its pivot to become a vertically integrated AI cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. Meanwhile, i

【有線新聞】台灣醫美集團愛爾麗涉嫌偷拍風波，集團總裁等3人被裁定羈押，據報受害者中包括未成年人。有報道指另一間醫美診所，光澤診所的至少兩間分店被發現店內有疑似針孔鏡頭。 台灣的愛爾麗醫美集團爆出偷拍風波，集團總裁、其助手和工程師日前被檢方聲請羈押。法院認為他們嫌疑重大，有逃亡、勾串和滅證嫌疑，裁定三人羈押禁見。他們涉嫌干犯個人資料保護法、兒童及少年性剝削等4項條例。 台灣傳媒報道，檢方在扣查的針孔攝錄機中發現受害者包括未成年人，部分人在家長帶領下到診所，亦有人是獲得監護人同意自行前往。 愛爾麗之前發聲明聲稱全面開放退款，但有消費者發現部分條款要求顧客抛棄其餘民事和刑事請求權，引起質疑。消費者：「不合理的條款，我們簽了之後沒有辦法再提告，堅持這一項條款，我一定要拿掉，因為我沒有辦法接受，我現在裸露身體的照片影片出去之後，我拿了退款我還不能提告。」 當局至今接獲近300宗申訴個案，多地都有展開打擊行動，高雄市長陳其邁指，成立防偷拍專案小組，對市內有潛在風險地點進行聯合調查，嚴厲打擊違法行為。 另外台北市即日起啟動為期兩周的擴大反針孔調查行動，由警局派員帶同專業設備到醫美診所、桑拿以及體育場館調查。

Nasry Asfura, el presidente recién investido de Honduras, está revisando los acuerdos firmados con China por su predecesora, Xiomara Castro, antes de tomar una decisión sobre el restablecimiento de las relaciones con Taiwán. Asfura conversó con Erik Schatzker de Bloomberg el 6 de mayo, en el marco de la Conferencia Global del Milken Institute en Beverly Hills. (Source: Bloomberg)