When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.
The New York-based media giant reported $121 million from continuing operations, or 16 cents a share,
Traders work at the New York Stock Exchange on May 7, 2026.
NYSE
U.S. stock futures rose early Friday as traders eyed developments between the U.S. and Iran. They also looked ahead to the release of April’s jobs report.
Warren Buffett got serious about Sirius XM (SIRI +0.26%) in his final few quarters as CEO of Berkshire Hathaway. Buffett’s iconic conglomerate had been adding to its stake in Sirius XM over the past two years, amassing a stake of better than 37% in the satellite radio monopoly before the generational investor stepped down from the helm.
» Read more about: Warren Buffett Owns This Dividend Stock. Should You Buy It Too? »
Thomas Fuller | SOPA Images | Lightrocket | Getty Images
IREN shares surged in extended-trading on Thursday before giving back nearly all of the gains after the data center operator announced a partnership with semiconductor giant Nvidia.
» Read more about: IREN inks AI infrastructure deal with Nvidia »
Day two of the Options Industry Conference in Palm Beach Gardens, Florida saw a range of topics covered, including the rise of retail trading, volatility as an asset class, the evolution of market …
» Read more about: OIC Day 2: Retail, Volatility, Market Structure, Continuous Trading »
Benchmark indices on Wall Street ended lower on Thursday, May 7, after opening significantly higher but later went on to give up gains as uncertainties over the US-Iran peace deal sent oil prices rebounding from lower levels yet again.
The Dow Jones, which crossed the 50,000 mark intraday and came within 400 points of its record high,
S&P 500 (^GSPC 0.38%) slipped 0.38% to 7,337.11, the Nasdaq Composite (^IXIC 0.13%) eased 0.13% to 25,806.20, and the Dow Jones Industrial Average (^DJI 0.63%) fell 0.63% to 49,596.97 as major benchmarks stalled on doubts about an imminent U.S.-Iran resolution.
» Read more about: Stock Market Today, May 7: Rally Falters as Oil Prices Rise Again »
Fastly (NASDAQ:FSLY), a real-time content delivery network provider, closed Thursday at $19.50, down 38.23%. The stock sank after record Q1 results and raised 2026 guidance failed to ease concerns about slowing core networking services growth. Trading volume reached 47.1 million shares, about 208% above its three-month average of 15.3 million shares.