It's been a real good news / bad news week for Nintendo. Out of nowhere on Wednesday, the company announced a lush remake of Star Fox 64 , jolting the dormant franchise to life and helping to fill out a relatively sparse lineup for the Switch 2 for the rest of the year. But then on Friday, Nintendo announced news that had seemed inevitable, but is nonetheless significant: the Switch 2 is getting a...
It's been a real good news / bad news week for Nintendo. Out of nowhere on Wednesday, the company announced a lush remake of Star Fox 64 , jolting the dormant franchise to life and helping to fill out a relatively sparse lineup for the Switch 2 for the rest of the year. But then on Friday, Nintendo announced news that had seemed inevitable, but is nonetheless significant: the Switch 2 is getting a price hike and will soon cost $50 more. Nintendo was the last holdout in a console space that has been ravaged by rising costs thanks to a combination of tariffs and the global memory shortage . And with the Switch 2 getting more expensive, console g … Read the full story at The Verge.
Earnings Call Insights: Nerdy Inc. (NRDY) Q1 2026 Management view CEO Charles Cohn said, "In the first quarter of 2026, we beat the top end of our revenue guidance and delivered our second consecutive quarter of positive non-GAAP adjusted EBITDA." He tied the quarter to execution on product delivery, adding, "we also translated the AI native foundation we finished building at the end of 2025 into ...
Earnings Call Insights: Nerdy Inc. (NRDY) Q1 2026 Management view CEO Charles Cohn said, "In the first quarter of 2026, we beat the top end of our revenue guidance and delivered our second consecutive quarter of positive non-GAAP adjusted EBITDA." He tied the quarter to execution on product delivery, adding, "we also translated the AI native foundation we finished building at the end of 2025 into shipped learner-facing products at a cadence we have never matched in the company's history." Cohn positioned the new “Learner Experience” (V3) as the core shift in consumer execution, stating, "Every newly acquired customer is now onboarded directly to this new V3 experience, and we have begun migrating existing customers as well." He quantified early migration and onboarding progress: "Roughly 6,000 new customers came in directly on V3 in the back half of the quarter and approximately 10,000 existing customers have moved over from the prior experience." Cohn highlighted the AI concierge Maya as a scaling lever for service and engagement: "She answers inbound questions, surfaces the right next step, helps the student find a diagnostic and resolves day-to-day issues like scheduling a tutoring session and she does so all without a phone call or a customer support ticket." He added that Maya "now handles a meaningful share of in-product customer interactions." CFO Atul Bagga framed his mandate and financial priority: "My mandate as the CFO is clear: get Nerdy to free cash flow positive while investing with discipline in the areas that drive member growth." (Bagga joined as CFO in Q1 2026; the prior quarter’s call listed Jason Pello as CFO.) Outlook CFO Atul Bagga introduced Q2 guidance and reaffirmed the full-year range, saying, "For the second quarter of 2026, we expect revenue in the range of $42 million to $44 million" and "For the full year of 2026, we expect revenue in the range of $180 million to $190 million." Bagga guided profitability to "non-GAAP adjusted EBITDA to ...
A screengrab from a video released by U.S. Central Command (CENTCOM), which accompanied a press release describing the operation dubbed "Epic Fury", an attack by the United States and Israel on Iran, shows a flight deck crew member signaling an F‑35 jet on an aircraft carrier, in this image obtained from social media released on Feb. 28, 2026. CENTCOM Via X Via Reuters The U.S. military said it st...
A screengrab from a video released by U.S. Central Command (CENTCOM), which accompanied a press release describing the operation dubbed "Epic Fury", an attack by the United States and Israel on Iran, shows a flight deck crew member signaling an F‑35 jet on an aircraft carrier, in this image obtained from social media released on Feb. 28, 2026. CENTCOM Via X Via Reuters The U.S. military said it struck two Iran-flagged unladen oil tankers in the Gulf of Oman on Friday, preventing the vessels from entering an Iranian port in violation of a U.S. naval blockade. A U.S. fighter jet "disabled both tankers after firing precision munitions into their smokestacks," U.S. Central Command said in a statement, which included unclassified video of both strikes. The attack was the latest in a number of military actions this week that have further undermined the U.S.'s tattered ceasefire with Iran, even as President Donald Trump insists the temporary truce remains in effect. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
In early trading on Friday, shares of Akamai Technologies topped the list of the day's best performing components of the S&P 500 index, trading up 21.4%. Year to date, Akamai Technologies registers a 62.4% gain. And the worst performing S&P 500 component thus far on th
In early trading on Friday, shares of Akamai Technologies topped the list of the day's best performing components of the S&P 500 index, trading up 21.4%. Year to date, Akamai Technologies registers a 62.4% gain. And the worst performing S&P 500 component thus far on th
A sign displays fuel prices at a Shell gas station in downtown San Diego, California, US, on Monday, May 4, 2026. Ariana Drehsler | Bloomberg | Getty Images Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan survey Friday. The school's closely watched Survey of Consumers posted a 48.2 preliminary reading, down...
A sign displays fuel prices at a Shell gas station in downtown San Diego, California, US, on Monday, May 4, 2026. Ariana Drehsler | Bloomberg | Getty Images Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan survey Friday. The school's closely watched Survey of Consumers posted a 48.2 preliminary reading, down 3.2% from April's prior record swoon and off 7.7% from a year ago. Economists surveyed by Dow Jones had been looking for 49.7. Inflation fears were the primary driver of the continued trend lower in consumer attitudes. The trend, which also saw the current conditions index tumble 9%, is "owing to a surge in concerns about high prices both for personal finances as well as buying conditions for major purchases," survey director Joanne Hsu said. One-third of respondents mentioned gas prices as the biggest cause of concern. However, another one-third also cited tariffs — both connected to President Donald Trump, who launched an attack on Iran in late-February and announced an aggressive slate of tariffs in April 2025. "Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump," Hsu said. "Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall." There were a couple modest bright sides in the survey. The expectations index came in at 48.5, a 0.8% increase from April and up 1.3% from a year ago. Also, the inflation outlook actually eased a bit though still at elevated levels, with the one-year projection at 4.5% and the five-year at 3.4%, respectively down 0.2 percentage point and 0.1 percentage point from prior readings. Stock indexes held positive after the release. The survey was released just after the Bureau of Labor Statistics reported that job creation was stronger than expected in April, with nonfarm payrolls rising by 115,000 and the unem...
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, PIMCO Strategic Global Government Fund (Symbol: RCS) will trade ex-dividend, for its monthly dividend of $0.04, payable on 6/1/26. As a percentage of RCS's recent stock price of $5.58, this dividend wor
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, PIMCO Strategic Global Government Fund (Symbol: RCS) will trade ex-dividend, for its monthly dividend of $0.04, payable on 6/1/26. As a percentage of RCS's recent stock price of $5.58, this dividend wor
Looking at the universe of stocks we cover at Dividend Channel, on 5/12/26, Arrow Financial Corp. (Symbol: AROW) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 5/26/26. As a percentage of AROW's recent stock price of $37.08, this dividend works out to a
Looking at the universe of stocks we cover at Dividend Channel, on 5/12/26, Arrow Financial Corp. (Symbol: AROW) will trade ex-dividend, for its quarterly dividend of $0.30, payable on 5/26/26. As a percentage of AROW's recent stock price of $37.08, this dividend works out to a
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Lazard Global Total Return and Income Fund (Symbol: LGI) will trade ex-dividend, for its monthly dividend of $0.1534, payable on 5/22/26. As a percentage of LGI's recent stock price of $17.89, this divi
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, Lazard Global Total Return and Income Fund (Symbol: LGI) will trade ex-dividend, for its monthly dividend of $0.1534, payable on 5/22/26. As a percentage of LGI's recent stock price of $17.89, this divi
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, PIMCO California Municipal Income Fund (Symbol: PCQ) will trade ex-dividend, for its monthly dividend of $0.036, payable on 6/1/26. As a percentage of PCQ's recent stock price of $8.88, this dividend wo
Looking at the universe of stocks we cover at Dividend Channel, on 5/11/26, PIMCO California Municipal Income Fund (Symbol: PCQ) will trade ex-dividend, for its monthly dividend of $0.036, payable on 6/1/26. As a percentage of PCQ's recent stock price of $8.88, this dividend wo
A new art-house drama tells three stories that span the century — and connect to one tree. Silent Friend will open your eyes to the beauty of the natural world. (Image credit: Lena Kettner)
A new art-house drama tells three stories that span the century — and connect to one tree. Silent Friend will open your eyes to the beauty of the natural world. (Image credit: Lena Kettner)