Microsoft Layoffs or Buyouts? 60,000 Exit Offers and the…
Microsoft offered voluntary exits to about 60,000 employees on Monday, roughly a quarter of a workforce that stood at 223,000 on 30 June, and it …
Fed’s Hawkish Signals Put December Rates and AI Stock…
US stocks traded mixed on Wednesday as investors assessed a split Federal Reserve decision to keep interest rates unchanged, with inflation concerns and upcoming earnings …
Agentic Payments Stall at the Anti-Fraud Layer as Visa’s…
Visa reported fiscal fourth-quarter net revenue of $12.1 billion on Tuesday evening, up 13%. It told investors that stablecoin settlement had passed a $25 billion …
Micron Stock Rises 5.5% as SK Hynix Says DRAM and HBM Sold…
Micron Technology (NASDAQ: MU) shares climbed on Wednesday after SK hynix reported record third-quarter earnings and said its dynamic random-access memory (DRAM) and high-bandwidth memory …
Microsoft Shares Rise Nearly 4% After First-Quarter…
Microsoft reported fiscal first-quarter results above Wall Street expectations on Wednesday, with revenue reaching $92.28 billion and Azure revenue growing 48% year over year. Shares …
S&P 500 After Two Losing Weeks: The Fed Meeting Opens…
The S&P 500 enters the Federal Reserve’s two-day meeting after two consecutive weekly declines, and Monday’s 0.70% gain still left the index at 7,676.77, under …
Meta Stock After Pricing: $25 Billion of Common at $625,…
Meta priced its equity raise overnight at terms that upsize the common leg and set the cost of the preferred. The company sold $25.0 billion …
Lumentum Stock Extends Rally to $866 Ahead of Earnings
Lumentum Holdings (NASDAQ: LITE) shares extended their rebound on Tuesday, October 27, closing at approximately $866, up about 5.8%, after gaining 8.19% in the previous …
Zcash Co-Founder Proposes Ending $125M Grants Funding Stream
Zcash co-founder Sean Bowe has proposed ending the automatic allocation of 8% of Zcash block subsidies to the Zcash Community Grants (ZCG) program, redirecting the …
AVGO Stock Rises as $63 Billion Anthropic Deal Advances
Broadcom (NASDAQ: AVGO) shares extended their gains on Tuesday after Bank of America, Citi, Morgan Stanley and Blackstone committed to a $63 billion financing structure …