Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s $6,000 Bike Gamble: New CEO Turns to Affordable Motorcycles as Profit Falls 81%

Harley-Davidson’s first-quarter net income plunged 81% to $25 million as revenue fell 12%. The company announced a new strategy centered on lower-priced bikes, including a $6,000 Sprint model and a revived Sportster, aiming to attract younger riders. Global retail motorcycle sales rose 8% despite the profit drop. CEO Artie Starrs said the plan will lean on dealers and cost cuts.
5 May 2026
Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify Stock Slides After $100 Billion GMV Quarter — Why Investors Still Wanted More

Shopify shares fell nearly 7% in premarket trading Tuesday after second-quarter guidance matched analyst expectations. First-quarter revenue rose 34% to $3.17 billion, with gross merchandise volume hitting $100.74 billion. Operating income reached $382 million, below the $420 million analysts expected. The company posted a net loss of $581 million, narrowed from $682 million a year earlier.
Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Global will cut about 700 jobs, or 14% of its workforce, as it restructures to focus on AI-driven operations, according to a regulatory filing Tuesday. The company expects $50 million to $60 million in restructuring expenses, mostly for severance. Shares rose 6.1% in early trading. CEO Brian Armstrong said affected staff lost system access immediately and will receive at least 16 weeks’ pay.
IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN Stock Jumps After Sweetwater Power Milestone Puts Its AI Data Center Bet Back In Focus

IREN shares jumped 8.37% to $49.48 Monday after the company energized its 1.4-gigawatt Sweetwater 1 data center in Texas, connecting its substation to the ERCOT grid. The company said power delivery will ramp up as the site is built out. IREN also announced a definitive agreement to acquire Mirantis. The stock was quoted at $50.16 before Tuesday’s U.S. open.
Micron Stock’s AI Memory Run Sends It Into U.S. Market-Cap Elite

Micron Stock’s AI Memory Run Sends It Into U.S. Market-Cap Elite

Micron Technology shares traded at $576.45 premarket Tuesday, valuing the company at about $658.3 billion. Fiscal Q2 revenue reached $23.86 billion, with net income of $13.79 billion, as demand for high-bandwidth memory in AI data centers surged. DRAM and NAND sales jumped on sharp price increases, but the company warned of potential margin risks if demand slows. Micron plans to exit its consumer memory business by February 2026.
CRWV Stock Jumps Before Earnings: Why Meta’s $21 Billion AI Deal Has Wall Street Watching

CRWV Stock Jumps Before Earnings: Why Meta’s $21 Billion AI Deal Has Wall Street Watching

CoreWeave shares climbed 5.4% to $125.43 in premarket trading Tuesday after Meta committed about $21 billion for cloud capacity through 2032. Jefferies estimates recent contracts could lift CoreWeave’s backlog above $95 billion, up from $66.8 billion at year-end. The company reports first-quarter results Thursday. CoreWeave posted a $1.17 billion net loss in 2025 on $5.13 billion in revenue.
Pfizer Earnings Beat Wall Street, But The Patent Cliff Is Still The Story

Pfizer Earnings Beat Wall Street, But The Patent Cliff Is Still The Story

Pfizer posted first-quarter adjusted earnings of 75 cents per share on $14.45 billion in revenue, beating Wall Street forecasts. Sales of Eliquis and Padcev rose, offsetting steep declines in COVID products. The company maintained its 2026 revenue and profit outlook. Research and development expenses increased 12% as Pfizer invested in oncology and obesity drugs.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 05.05.2026

LIVEMarkets rolling coverageStarted: May 5, 2026, 12:00 AM EDTUpdated: May 5, 2026, 11:59 PM EDT Macmahon Holdings Drives Growth Among Top ASX Penny Stocks May 5, 2026, 11:51 PM EDT. The Australian market shows signs of a rebound, influenced by positive Wall Street trends and lower Brent crude prices. Macmahon Holdings (ASX:MAH) stands out among penny stocks, with a market cap of A$1.6 billion and nearly A$2 billion in mining revenue. The company secured a major five-year, A$190 million contract for the Wonawinta Silver project, boosting its earnings 97.2% over the past year. Despite a relatively new board, Macmahon's inclusion
5 May 2026
Dow Drops 557 Points as Oil Shock Hits US Stocks; Palantir Slides After Hours

Dow Drops 557 Points as Oil Shock Hits US Stocks; Palantir Slides After Hours

The Dow Jones Industrial Average fell 1.13%, dropping over 550 points, as a surge in oil prices linked to Iranian attacks in the Strait of Hormuz rattled markets. Brent crude jumped 5.8% to $114.44 a barrel. Ten of 11 S&P 500 sectors declined, with energy the exception. Palantir shares slipped 2.69% after hours despite raising its 2026 revenue forecast and posting strong quarterly results.
Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries reported fiscal Q2 new orders surged 97% to $490 million, lifting backlog to a record $1.8 billion. Profit slipped 1% to $45.9 million, missing analyst forecasts along with revenue. The company disclosed a post-quarter data center order exceeding $400 million, its largest ever. Shares fell nearly 2% before recovering slightly after hours.
Firefly Aerospace Stock Jumps After Q1 Revenue Beat and Golden Dome Defense Deal

Firefly Aerospace Stock Jumps After Q1 Revenue Beat and Golden Dome Defense Deal

Firefly Aerospace shares jumped 10% in after-hours trading Monday after reporting record first-quarter revenue of $80.9 million, up 40% from the prior quarter. The company kept its 2026 revenue outlook and said its SciTec unit won a U.S. Space Force contract for the Space-Based Interceptor program. Firefly’s net loss widened to $96.7 million, but its adjusted loss beat analyst estimates.
Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

Sterling Infrastructure shares jumped 19% in late trading Monday after first-quarter profit and revenue beat estimates and the company raised its 2026 outlook. Net income was $96 million on revenue of $825.7 million, with E-Infrastructure revenue up 174% to $597.7 million. Backlog reached $3.80 billion, up 78% from a year ago. Building Solutions adjusted operating income fell 42% amid continued housing market weakness.
Stock Market Today: Dow Sinks 557 Points as Oil Shock Tests Wall Street’s Record Run

Stock Market Today: Dow Sinks 557 Points as Oil Shock Tests Wall Street’s Record Run

U.S. stocks fell Monday, with the S&P 500 down 0.4% and the Dow losing 557 points, after oil prices surged and fighting resumed near the Strait of Hormuz. Brent crude jumped 5.8% to $114.44 a barrel after the UAE reported an Iranian attack. The U.S. military said it sank six boats targeting civilian ships in the area. FedEx and UPS shares dropped over 9% after Amazon announced new supply chain services.
5 May 2026
Pinterest Stock Surges After Q1 Earnings Beat as AI Ad Push Lifts Revenue Outlook

Pinterest Stock Surges After Q1 Earnings Beat as AI Ad Push Lifts Revenue Outlook

Pinterest shares jumped 15% to $24.06 in after-hours trading after first-quarter revenue beat estimates and the company issued a strong second-quarter outlook. Revenue rose 18% to $1.008 billion, with global monthly active users up 11% to 631 million. The quarter saw a net loss of $73.6 million, but adjusted earnings reached 27 cents per share, topping forecasts. Pinterest cited ongoing economic and regulatory risks in its outlook.
Gloo Closes Workday Partner Deal as AI Services Push Hits a Key Test

Gloo Closes Workday Partner Deal as AI Services Push Hits a Key Test

Gloo completed its acquisition of EnterpriseMarketdesk, expanding its Workday consulting and support services for nonprofits and mid-market clients. The deal includes issuing about 1.46 million Class A shares, with final terms undisclosed. Gloo shares fell 1.1% to $6.97 after the news. The company reported fiscal 2025 revenue of $94.7 million and raised 2026 guidance to $190 million.
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Stock Market Today

  • Assurant (AIZ) Seen as Modestly Undervalued Amid Growth Potential
    May 14, 2026, 5:33 PM EDT. Assurant (AIZ) shares have surged roughly 13% over the past three months, closing at $242.61, drawing investor attention. The company reported $13.16 billion in annual revenue and net income near $991.6 million. Analysts estimate the stock trades about 11% below the average price target of $260, suggesting a 6.7% undervaluation. This outlook is driven by gains in device protection, international expansion, and partnerships, supporting future revenue and recurring earnings growth. However, risks remain from potential regulatory challenges on lender-placed housing products and competition in mobile device protection from tech rivals and original equipment manufacturers. Investors are advised to weigh these factors carefully before acting.

Latest articles

Rackspace Stock Jumps 26% As AMD AI Deal Tests RXT Turnaround Story

Rackspace Stock Jumps 26% As AMD AI Deal Tests RXT Turnaround Story

14 May 2026
Rackspace shares surged 26.34% to close at $7.29 on Thursday, hitting a 52-week high of $7.65 before slipping to $7.15 after hours. The rally followed first-quarter profit and a memorandum with AMD to build AI infrastructure, though the company still reported a non-GAAP loss and uneven segment growth. Trading volume topped 39 million shares. Analyst Keith Bachman maintained a Hold rating with a $5 target.
Nvidia Stock Hits Record as U.S. Clears H200 China Sales — But No Chips Have Shipped

Nvidia Stock Hits Record as U.S. Clears H200 China Sales — But No Chips Have Shipped

14 May 2026
Nvidia shares rose 4.4% to $235.74 after U.S. officials cleared about 10 Chinese firms, including Alibaba and Tencent, to buy its H200 AI chips, though no deliveries have occurred. CEO Jensen Huang is in Beijing as investors await Nvidia’s May 20 earnings report. Approved Chinese buyers can each purchase up to 75,000 chips under U.S. licensing terms. Lenovo confirmed its approval; Nvidia and other firms declined comment.
Figma Stock Pops After AI Tools Drive A Bigger 2026 Revenue Forecast

Figma Stock Pops After AI Tools Drive A Bigger 2026 Revenue Forecast

14 May 2026
Figma raised its 2026 revenue forecast by $55 million to as much as $1.428 billion, citing strong AI-driven user growth. First-quarter revenue jumped 46% to $333.4 million, with net dollar retention at 139%. Shares rose after hours. The company posted a $142.4 million net loss under GAAP.
Datavault AI Stock Jumps Before Earnings As Crypto Bill Vote Puts DVLT Back In Play

Datavault AI Stock Jumps Before Earnings As Crypto Bill Vote Puts DVLT Back In Play

14 May 2026
Datavault AI Inc. shares rose to $0.5861 on volume topping 65 million ahead of Friday’s first-quarter earnings call, following a $60 million stock offering and plans for a GPU edge network rollout. CEO Nathaniel Bradley and CFO Brett Moyer will present at 8:30 a.m. ET. An amended SEC filing showed Bradley and his spouse received LTIP shares vesting through 2029. The Senate Banking Committee advanced the CLARITY Act on crypto regulation Thursday.
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