Stock Research

Intel (NASDAQ: INTC) shares are ripping higher in extended hours after the semiconductor giant reported a blockbuster Q1 and issued impressive guidance for the future.   While revenue at $13.6 billion came in up a steady 7% on a year-over-year basis – the real catalyst was a massive bottom-line beat; $0.29 a share against just… Continue reading Intel stock soars on Q1 earnings, but further gains lie ahead

US stocks pulled back on Thursday, pressured by weakness in software shares and a sharp rise in oil prices, as uncertainty surrounding the trajectory of the Iran conflict weighed on investor sentiment. The S&P 500 declined 0.41% to close at 7,108.40 after touching a fresh intraday record earlier in the session. The Nasdaq Composite dropped… Continue reading Dow Jones falls 179 pts as oil surge, tech slump hit stocks

Global markets navigated a mix of corporate restructuring, macroeconomic signals, and geopolitical tensions on Thursday, with Meta Platforms announcing fresh layoffs, Microsoft launching a large-scale buyout programme, KPMG cutting audit partners, US jobless claims edging higher, cryptocurrencies pulling back, and oil prices surging amid Strait of Hormuz tensions. Meta, Microsoft, KPMG slash workforce amid AI… Continue reading Evening digest: Tech companies layoffs, oil surge rattle markets

Oklo shares rose on Thursday after the company announced a partnership with Nvidia, marking its latest effort to build investor confidence as it advances toward commercial deployment of its nuclear technology. The stock gained about 6.3% to $77.02 following the announcement. The collaboration will see Oklo use Nvidia’s artificial intelligence infrastructure to support modeling, simulation,… Continue reading Oklo stock jumps as Nvidia AI deal fuels nuclear energy push

Meta Platforms, Inc. plans to lay off about 10% of its workforce, or roughly 8,000 employees, as the social media giant looks to streamline operations and offset rising costs tied to its aggressive push into artificial intelligence. The company disclosed the move in a memo sent to employees on Thursday, Bloomberg reported, stating that the… Continue reading Meta to cut 10% workforce as AI spending surge drives overhaul

United Rentals shares surged on Thursday, leading the S&P 500, after the company reported stronger-than-expected first-quarter results and raised its full-year guidance on the back of robust demand across construction and industrial markets. The equipment rental provider posted adjusted earnings per share of $9.71 for the first quarter, up from $8.86 a year earlier and… Continue reading United Rentals stock soars 23% as earnings beat lifts outlook

Lululemon (NASDAQ: LULU) is seeing immense pressure on Thursday after the athletic apparel retailer named Heidi O’Neill its next chief executive, set to take the helm on Sept. 8. O’Neill has been with rival Nike for about 25 years, having most recently served as its president of consumer, product, and brand. While she brings decades… Continue reading Lululemon stock: why markets seem to dislike its new CEO

Microsoft is offering voluntary retirement buyouts to thousands of employees in the United States, marking the first programme of this scale in the company’s history as it looks to manage costs while ramping up investment in artificial intelligence. Around 7% of Microsoft’s US workforce will be eligible for the offer, according to reports from Bloomberg… Continue reading Microsoft offers buyouts to 7% US staff amid AI spending surge

KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements. The move was disclosed during a meeting on Wednesday, where attendees were told the size of the audit partnership had become misaligned with the firm’s business needs,… Continue reading KPMG cuts US audit partners by 10% in push to boost productivity