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Check out the companies making headlines in midday trading: Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance for the current period. Wayfair — The online home goods store gained nearly 2% after first-quarter results beat Wall Street’s estimates on the top and bottom lines. Wayfair notched an adjusted 10 cents per share on revenue of $2.73 billion, while analysts polled by LSEG…

Crypto exchange Coinbase has announced it will suspend trading of the Movement Network token (MOVE), the native cryptocurrency of the Movement layer-2 blockchain protocol, developed by Movement Labs, effective May 15.The decision was shared in a May 1 X post, with Coinbase citing the token’s failure to meet its listing standards. The price of the MOVE token also declined by approximately 14.5% in the last 24 hours. Coinbase specified the details of the suspension in an announcement:“Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books…

Anthropic on Thursday launched a new way to connect apps and tools to its AI chatbot Claude, as well as an expanded “deep research” capability that allows Claude to search the web, enterprise accounts, and more. The new app connection feature, called Integrations, and expanded deep research tool, dubbed Advanced Research, are available in beta for subscribers to Anthropic’s Claude Max, Team, and Enterprise plans, and soon Pro. In related news, Anthropic has also upped the rate limits for its AI-powered coding tool, Claude Code, for Max customers. Integrations and Advanced Research are both a part of Anthropic’s effort to…

After nearly 13 years in business, Fivetran will now be able to offer its customers an end-to-end data movement solution. Fivetran, which helps enterprises move data from a variety of sources into cloud databases, announced on Thursday it has acquired Census, a reverse extract, transform, and load (ETL) platform that enables companies to transfer data out of databases and into operational tools. Census was founded in 2018 and raised more than $80 million in venture funding from such firms as Sequoia, Andreessen Horowitz, and Tiger Global. The terms of the deal were not disclosed, but Census was last valued at…

A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token.According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post:“General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1 is our answer to that call — the rollup grounded in credible…

A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token.According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post:”General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1 is our answer to that call — the rollup grounded in credible…

Continued uncertainty will likely force the S & P 500 to retest the lows seen last month, according to Wells Fargo. “We keep getting the absolutely rational question: ‘Have we seen the bottom in stocks?’ As much as we would like to boldly answer that question with a resounding ‘yes!’ that just isn’t the case,” Wells Fargo Investment Institute senior global market strategist Scott Wren said in a note published Wednesday. “Tariff and growth concerns are the main market drivers right now, but there will likely be a few other issues that result in road bumps in the months ahead.”…

Google is expanding access to AI Mode, its experimental feature that allows users to ask complex, multipart questions and follow-ups to dig deeper on a topic directly within Search. The tech giant is also adding more functionality to the feature, including the ability to pick up where you left off on a search. Google launched AI Mode back in March as a way to take on popular services like Perplexity AI and OpenAI’s ChatGPT Search. The updates announced today are designed to allow AI Mode to better compete with the aforementioned services. With this expansion, Google is getting rid of the…

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Today we are highlighting Spotify (SPOT) , the Netflix of music because it is dominant, defensive and growing. Spotify has been on our list for 26 weeks. There are 20 stocks in the communication sector that trade on the New York Stock Exchange with a market capitalization of $10 billion or greater. Spotify has the best return year-to-date out of all 20, up more than 34%. It’s also the second-best performer the past year, up 108%, following Reddit…