May 12, 2026 2:08 pm
Key Moments Affirm Holdings (NASDAQ:AFRM) shares increased 2% after announcing a broader integration with Google. Affirm’s buy now, pay later option is being embedded into Google Search, including AI Mode, and the Gemini app via Google Pay. The rollout is scheduled to start in the coming weeks, with each transaction assessed individually and terms shown […]
Read moreMay 12, 2026 1:09 pm
Key Moments Bank of America reports total card spending per household increased 4.8% year-over-year in April and 0.6% month-over-month on a seasonally adjusted basis. Category performance was uneven, with higher gas spending and solid online retail offset by declines at department stores, home improvement chains, airlines, and clothing retailers. Bank of America estimates a roughly […]
Read moreMay 12, 2026 12:57 pm
Key Moments Marc Lichtenfeld is using current market strength to exit three names where fundamentals, sentiment, and positioning no longer align. DexCom faces slowing growth, increased competition, and unusually bullish analyst sentiment despite a multi-year share price decline. Oracle’s aggressive AI and data center buildout is paired with sizable off-balance-sheet commitments and negative projected free […]
Read moreMay 12, 2026 11:07 am
Key Moments Starbucks disclosed in a WARN filing that it will cut 61 corporate technology roles at its Seattle headquarters. The filing stated that the layoffs are unrelated to any relocation and are expected to occur between June 20, 2026 and August 28, 2026. The technology cuts come as Starbucks continues a broader turnaround strategy […]
Read moreMay 12, 2026 10:32 am
Key Moments EBay rejected GameStop’s $56 billion half-cash, half-stock takeover proposal, citing doubts about the deal’s financing. EBay shares have been trading $20 below GameStop’s offer price of $125 per share, reflecting market skepticism. GameStop CEO Ryan Cohen has highlighted $20 billion in potential debt financing and share issuance capacity to back the bid. EBay […]
Read moreMay 12, 2026 9:46 am
Key Moments Europe’s top court backed Italy’s telecoms regulator AGCOM. It confirmed the regulator can require Meta to compensate publishers for news snippets. The Court of Justice of the EU ruled that fair compensation is legal under EU law. Publishers can receive payment for online use of their content. Meta said it will review the […]
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