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Crypto exchange Coinbase plans to cut 700 jobs, citing 'market conditions' and 'AI era'
Coinbase is laying off approximately 700 employees as the crypto exchange navigates a turbulent market and accelerates its push toward AI-driven operations. The cuts signal a broader industry reckoning, with major platforms leaning on automation to reduce headcount rather than weather downturns with full staffing. For crypto workers, the message is clear: the sector's next chapter will be leaner and increasingly machine-powered.
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Bitcoin and ethereum prices today, Tuesday, May 5, 2026: Bitcoin reaches over $81,000, hitting a high last seen in January
Bitcoin climbed above $81,000 on Tuesday, marking its highest price point since January in a sign that renewed momentum may be building in the crypto market. The milestone comes amid broader interest in digital assets as investors reassess risk appetite heading into mid-2026. Ethereum also moved in tandem, reflecting a wider rally across major cryptocurrencies.
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Ferrari tops Wall Street's first-quarter expectations ahead of EV debut
Ferrari delivered a strong start to 2024, surpassing Wall Street's first-quarter earnings expectations and holding firm on its full-year guidance. The results signal robust demand for the Italian automaker's lineup even as the industry navigates a turbulent transition to electric vehicles. The timing is notable, with Ferrari preparing to enter the EV market and investors watching closely to see if its luxury cachet translates to the new technology.
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Palantir Stock: With a Fresh Earnings Report Showing Even Faster Growth, Is It Now a Better AI Stock to Buy Than Nvidia?
Palantir delivered a standout first quarter, posting accelerating growth that has investors questioning whether the data analytics firm has eclipsed Nvidia as the premier AI investment. The results signal that enterprise and government demand for AI-powered decision-making tools is intensifying, not plateauing. The real debate now centers on whether Palantir's lofty valuation can be justified by its fundamentals — or whether enthusiasm has simply run ahead of reality.
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Intuitive Surgical (ISRG): The Best Healthcare AI Stock to Buy According to Analysts
Intuitive Surgical has emerged as analysts' top pick in the healthcare AI space, underscoring growing conviction that surgical robotics sits at the intersection of two of the market's most powerful themes. The company's da Vinci platform continues to expand its procedural footprint, driving recurring revenue that buffers against broader market volatility. For investors seeking AI exposure with a defensible moat, ISRG is making a compelling case.
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