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
Stock Research
KPMG cuts US audit partners by 10% in push to boost productivity
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
Tesla beats earnings—so why is the stock falling
Tesla delivered a stronger-than-expected first-quarter performance, but the market reaction underscored a growing disconnect between near-term results and longer-term expectations tied to its artificial intelligence ambitions. The company reported earnings per share of 41 cents, beating Wall Street estimates of 34 cents, according to Bloomberg data. Revenue also topped forecasts, coming in at $22.39 billion… Continue reading Tesla beats earnings—so why is the stock falling
QuantumScape stock just transformed into an AI infrastructure play
QuantumScape (NASDAQ: QS) posted impressive headline numbers for its fiscal Q1 on Apr. 23, but the real story lies in its strategic pivot into the artificial intelligence (AI) data center market. On Thursday, the batteries specialist recorded a narrower-than-expected per-share loss of 16 cents, which helped its stock price break above the 100-day moving average… Continue reading QuantumScape stock just transformed into an AI infrastructure play
Lockheed stock slips as profit drops, cash burn overshadows demand boom
Lockheed Martin Corporation reported weaker-than-expected first-quarter results, with profit declining and cash flow turning negative, even as demand for its weapons systems remains strong amid heightened geopolitical tensions. The defense contractor posted quarterly profit of $1.49 billion for the period ended March 29, down from $1.71 billion a year earlier. Earnings per share came in… Continue reading Lockheed stock slips as profit drops, cash burn overshadows demand boom
White House alleges China stole AI at industrial scale: report
The White House has accused Chinese entities of conducting “industrial-scale” theft of intellectual property from American artificial intelligence labs, marking a fresh escalation in tensions between the world’s two largest economies over control of next-generation technology. In a memo seen by the Financial Times, Michael Kratsios, director of the White House Office of Science and… Continue reading White House alleges China stole AI at industrial scale: report
P&G earnings preview: sales seen rising despite rich valuation
Consumer products behemoth Procter & Gamble Company (PG), is scheduled to unveil its third-quarter fiscal 2026 financial results on April 24, ahead of the market opening, with analysts anticipating year-over-year growth in both sales and earnings. For the fiscal third quarter, the Zacks Consensus Estimate forecasts Procter & Gamble will report revenues of $20.6 billion,… Continue reading P&G earnings preview: sales seen rising despite rich valuation
ServiceNow plunges 14% as Middle East conflict hits deals
ServiceNow shares fell sharply after the company flagged geopolitical disruptions and a weaker margin outlook, dampening investor sentiment despite stronger-than-expected revenue and upbeat projections for its artificial intelligence business. The stock dropped more than 14% as the enterprise software firm said the ongoing conflict in the Middle East had delayed key deal closures, weighing on… Continue reading ServiceNow plunges 14% as Middle East conflict hits deals
Dow Jones falls 253 points as Iran tensions, earnings weigh mood
Wall Street opened weaker on Thursday, as investors paused after a recent rally, weighed down by persistent geopolitical tensions and a mixed batch of corporate earnings. The Dow Jones Industrial Average fell about 253 points, or 0.51%. S&P 500 slipped 0.26%, while Nasdaq 100 also declined 0.33%, after both indexes closed at record highs in… Continue reading Dow Jones falls 253 points as Iran tensions, earnings weigh mood
