News 6 May 2026

Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus
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Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus

Cognizant may cut 12,000 to 15,000 jobs globally under Project Leap, with most layoffs likely in India, according to multiple Indian news outlets citing internal estimates. The company has set aside up to $270 million for severance and personnel costs, but has not confirmed numbers. Cognizant employs over 250,000 people in India out of 357,600 worldwide. Project Leap aims to shift the company toward a leaner, AI-driven model.
May 6, 2026
Australia Stock Market Today: ASX 200 Jumps as Banks and Miners Power a Rebound
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Australia Stock Market Today: ASX 200 Jumps as Banks and Miners Power a Rebound

Australian shares surged Wednesday, with the S&P/ASX 200 closing up 1.3% at 8,793, its best session in nearly a month, led by gains in banks and miners. The rally followed a Reserve Bank rate hike and was fueled by falling oil prices after signs of a possible U.S.-Iran deal. Commonwealth Bank rose 2.96%, BHP gained 3.05%. DigiCo Infrastructure shares jumped over 25% after announcing a $750 million asset sale.
May 6, 2026
Gold Price Today: Why Silver Suddenly Jumped ₹7,700 And Gold Touched ₹1.52 Lakh
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Gold Price Today: Why Silver Suddenly Jumped ₹7,700 And Gold Touched ₹1.52 Lakh

MCX July silver futures surged to ₹2,52,000 per kg and June gold futures hit ₹1,52,182 per 10 grams on Wednesday, with spot prices also jumping. IBJA reported 999-purity gold at ₹150,860 per 10 grams and silver at ₹249,067 per kg, both up from Tuesday. The moves tracked global bullion gains as the dollar weakened and oil prices fell. The rupee posted its strongest single-day rise in a month.
May 6, 2026
Aldi And Lidl Store Expansion Loophole Faces UK Crackdown As Rivals Push CMA
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Aldi And Lidl Store Expansion Loophole Faces UK Crackdown As Rivals Push CMA

Sainsbury’s, Morrisons, and Iceland are urging the UK’s competition regulator to bring Aldi and Lidl under land rules that restrict large supermarkets from blocking rivals’ store openings, according to the Financial Times. The Competition and Markets Authority is reviewing whether Aldi and Lidl should be designated as “Large Grocery Retailers,” with provisional decisions expected in July.
May 6, 2026
Sandisk Stock’s $4,000 Bull Case Runs Into A $200 Billion Reality Check
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Sandisk Stock’s $4,000 Bull Case Runs Into A $200 Billion Reality Check

Sandisk’s market value surged past $200 billion as shares hit $1,507 Wednesday, driven by soaring AI-related demand for flash memory. Fiscal Q3 revenue jumped 97% from the prior quarter to $5.95 billion, with datacenter sales up 233% sequentially. The company signed five long-term supply deals, three worth at least $42 billion each. Sandisk forecasts Q4 revenue of $7.75–$8.25 billion and adjusted earnings of $30–$33 a share.
May 6, 2026
Why Sensex Jumped 941 Points Today As Nifty Topped 24,300
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Why Sensex Jumped 941 Points Today As Nifty Topped 24,300

The Sensex jumped 940.73 points to 77,958.52 and the Nifty closed above 24,300 on Wednesday, marking their biggest gain in nearly three weeks after Brent crude prices fell sharply. Banks led the advance, with HDFC Bank up 3.1% and InterGlobe Aviation rising 6.65%. The rupee rose 0.7% to 94.61 per dollar. India’s cabinet approved a 181 billion rupee emergency credit guarantee for firms hit by Middle East disruptions.
May 6, 2026
Ferrari Stock Falls After Strong Q1 as Luce EV, U.S. Tariffs Test 2026 Outlook
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Ferrari Stock Falls After Strong Q1 as Luce EV, U.S. Tariffs Test 2026 Outlook

Ferrari shares fell 4% Tuesday after first-quarter results, despite the company maintaining its 2026 financial targets. Net revenue rose 3% to 1.85 billion euros, while net profit was flat at 413 million euros and deliveries dropped to 3,436 cars. The company cited planned model shifts and warned of U.S. tariff and currency risks. CEO Benedetto Vigna said the order book now extends toward late 2027.
May 6, 2026
Disney Earnings Beat: Disney Stock Jumps as Josh D’Amaro Puts Disney+ and Parks at the Center
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Disney Earnings Beat: Disney Stock Jumps as Josh D’Amaro Puts Disney+ and Parks at the Center

Disney reported quarterly adjusted earnings of $1.57 per share on $25.2 billion revenue, beating analyst estimates and sending shares up over 4% premarket. Streaming operating income jumped 88% to $582 million, while park revenue rose 7% to $9.49 billion. Net income fell to $2.25 billion from $3.28 billion due to a prior tax benefit. ESPN operating income dropped 5% amid higher costs.
May 6, 2026
Nationwide £100 Payout: Halifax Loses 25,629 Customers as UK Bank Switching Jumps 43%
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Nationwide £100 Payout: Halifax Loses 25,629 Customers as UK Bank Switching Jumps 43%

Nationwide gained a net 64,527 current-account customers in the final quarter of 2025, the largest increase among UK banks, while Halifax lost 25,629, according to Pay.UK data. Total account switches rose 43% year-on-year to 319,529 as households sought better rates and perks. Barclays and Lloyds also reported net gains. Nationwide’s growth followed cash offers and a £100 member payout.
May 6, 2026
Oil Below $100 as Trump’s Hormuz Pause Puts Iran Deal Back in Play
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Oil Below $100 as Trump’s Hormuz Pause Puts Iran Deal Back in Play

Brent crude dropped below $100 a barrel, falling over 9%, after reports that the U.S. and Iran were nearing a preliminary peace deal and President Trump paused a naval operation in the Strait of Hormuz. Iran’s Revolutionary Guards said safe transit could resume under new protocols, though details remain unclear. Global stocks rallied, but shipping risks persisted following an attack on a CMA CGM vessel in the strait.
May 6, 2026
Samsung Hits $1 Trillion Market Cap as AI Chips Boom—and Galaxy Profits Feel the Squeeze
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Samsung Hits $1 Trillion Market Cap as AI Chips Boom—and Galaxy Profits Feel the Squeeze

Samsung Electronics’ market value topped $1 trillion on Wednesday as shares surged 14.4% on strong AI chip demand, pushing Seoul’s KOSPI index above 7,000 for the first time. Samsung reported record first-quarter revenue of 133.9 trillion won and operating profit of 57.2 trillion won, driven by its chip division. Foreign investors bought a record 3.1 trillion won of Korean shares.
May 6, 2026
Cathie Wood’s $1.5 Million Bitcoin Call Is Back as ARK Sees $28 Trillion Crypto Market by 2030
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Cathie Wood’s $1.5 Million Bitcoin Call Is Back as ARK Sees $28 Trillion Crypto Market by 2030

Bitcoin traded near $82,412 early Wednesday after renewed inflows into U.S.-listed spot bitcoin ETFs, which saw $467.35 million in new investments on Tuesday. ARK Invest forecasts bitcoin’s market value could reach $16 trillion by 2030, with a base-case price of $730,000 per coin. Strategy, the largest corporate holder, reported a $12.54 billion quarterly loss tied to recent price swings.
May 6, 2026
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Stock Market Today

  • Westpac Share Price Outlook: Can WBC Outperform the ASX 200?
    May 26, 2026, 3:16 AM EDT. The article discusses the outlook for Westpac Banking Corporation's (WBC) share price relative to the ASX 200 index. It emphasizes that the content is for informational and educational purposes only, without any investment recommendations. Kalkine Media, the content provider, stresses users should seek professional financial advice before making decisions. The piece clarifies that opinions expressed may not represent Kalkine Media's views and disclaims liability for investment outcomes. This serves as a reminder of the importance of independent research and consultation with licensed financial advisers when considering stock investments in Westpac or other companies.