BUSINESSCoinbase posts steep first-quarter loss after slide in crypto prices; shares fall 4%Crypto trading platform Coinbase reported a surprise first-quarter loss and weaker-than-estimated revenue after the market close Thursday.CNBC·May 7, 2026
BUSINESSU.S. and Iran trade fire in Strait of Hormuz; each claims other shot firstCENTCOM's statement does not mention the status of the U.S.-Iran ceasefire, which has already been frayed by repeated claims that its terms are being breached.CNBC·May 7, 2026
BUSINESSUS trade court rules against Trump’s 10 percent global tariffsThe court ruled in favour of small businesses that challenged the tariffs that took place in February.Al Jazeera·May 7, 2026
BUSINESSAirbnb tops revenue estimates, but Middle East cancellations rise due to Iran warAirbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness due to the war in Iran.CNBC·May 7, 2026
BUSINESSGusto hits $1B revenue, a figure that brings it closer to public marketsGusto has shared an impressive milestone on its actual revenue, not an ARR number that estimates future income.TechCrunch·May 7, 2026
BUSINESSHere's how the stock market may trade the April jobs report, according to JPMorganJPMorgan has a list of potential outcomes for the market, depending on what the critically important payroll report shows.CNBC·May 7, 2026
BUSINESSHere's what to expect from Friday's release of the April jobs reportThe total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.CNBC·May 7, 2026
BUSINESSCould Lovable’s automatic 10% pay raise be the cure for toxic cultures?Stockholm-based vibe-coding platform Lovable is offering employees an automatic 10% raise as a way to sidestep classic corporate politics.TechCrunch·May 7, 2026
BUSINESSTwo men first in British history to be found guilty of spying for China<p>Chi Leung Wai and Chung Biu Yuen convicted over surveillance of dissidents in ‘shadow policing’ operation</p><p>A UK Border Force officer and Hong Kong trade official based in London have been found guilty of spying for China and surveilling dissidents through a “shadow policing” operation.</p><pThe Guardian·May 7, 2026
BUSINESSWhy Stocks and Bonds Are Responding Differently to the Iran WarStock investors are betting that companies will make enormous profits, despite the war. But investors in bonds, including U.S. Treasuries, have other concerns.NY Times·May 7, 2026
BUSINESSGoogle Ditches the Screen With the New Fitbit Air (2026)Powered by Gemini and designed around simplicity, the new Fitbit Air could finally give the screenless fitness tracker market a compelling alternative to Whoop.Wired·May 7, 2026
BUSINESSBerkshire-owned distribution giant to deploy driverless big rigs across U.S. Sun BeltBerkshire Hathaway-owned McLane, one of America's biggest distribution companies, is deploying self-driving big rigs with Aurora for its restaurants business.CNBC·May 7, 2026
