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NASDAQ:HOG 5 May 2026

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
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Stock Market Today

  • Creative Media & Community Trust (CMCT): Among NASDAQ's Worst Performers in 2026
    May 13, 2026, 2:58 PM EDT. Creative Media & Community Trust Corporation (NASDAQ:CMCT) posted a Q1 2026 net loss of $34.7 million, or $70.52 per diluted share, reflecting two reverse 1-for-10 stock splits this year. The company's real estate portfolio showed mixed results: multifamily occupancy rose to 91.4% excluding new leases, while office leasing lagged at 73.1%, improved to 85.7% after excluding an underperforming asset. A major hotel renovation aims to boost performance. CMCT sold its "First Western" lending business for around $44.9 million in January, retired its recourse credit facility, and redeemed $396.2 million in preferred stock since late 2024. Despite potential, CMCT faces significant challenges. Investors may find better risk-reward in select AI stocks benefiting from tariffs and reshoring trends.

Latest articles

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

13 May 2026
Palantir shares fell 4.4% to $129.97 Wednesday as CEO Alex Karp met President Volodymyr Zelenskiy in Kyiv to discuss expanding AI use in Ukraine’s war effort. Kyiv’s Brave1 Dataroom project, launched with Palantir, is training AI models to intercept Russian drones. Russia fired at least 800 drones at Ukraine on Wednesday, killing six. Palantir’s U.S. government and commercial revenue surged in the first quarter.
Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

13 May 2026
Grab shares fell 1.1% to $3.60 in New York after first-quarter revenue beat estimates, rising 24% to $955 million. Profit jumped to $120 million from $10 million a year earlier. Investors weighed strong results against Indonesia’s new 8% ride-hailing commission cap. Grab kept its 2026 revenue and adjusted EBITDA outlook unchanged.
SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

13 May 2026
SoFi acquired PrimaryBid’s technology to expand IPO access for retail investors, confirmed by both companies. SoFi shares fell 2.9% to $15.44 after Truist cut its price target, citing concerns over loan and technology platforms. The acquisition follows a drop in technology-platform accounts and comes as SoFi reported strong first-quarter revenue and member growth. Terms of the deal were not disclosed.

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Cerebras IPO Frenzy Tests Wall Street’s $50 Billion AI Chip Bet

Cerebras IPO Frenzy Tests Wall Street’s $50 Billion AI Chip Bet

13 May 2026
Cerebras Systems is set to price its IPO above the $150–$160 per share range, Bloomberg reported, with orders more than 20 times available shares, according to Reuters. The company will offer 30 million shares and begin trading Thursday on Nasdaq under the ticker CBRS. Morningstar estimates the revised range could value Cerebras near $50 billion. Cerebras reported over $500 million in revenue last year but remains unprofitable.
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