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Meta, Microsoft Look to Trim Workforces Amid Heavy AI Spending
Meta Platforms Inc. and Microsoft Corp. have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy…
Stocks weaken on dimming hopes for Iran deal, mixed quarterly earnings
USA-STOCKS/ (UPDATE 5):US STOCKS-Stocks weaken on dimming hopes for Iran deal, mixed quarterly earnings
US stocks: Dow Jones plummets over 500 points after Trump orders US Navy to kill any boat laying mines in Strait of Hormuz
US markets experienced a sharp decline on Thursday. US President Donald Trump issued a directive for the Navy to engage any boats laying mines in…
Nasdaq to launch new products ahead of extended trading hours plan
Nasdaq is launching new products for extended U.S. stock trading. This move will allow trading for 23 hours a day, five days a week. The…
ServiceNow shares crash 18% after Q1 results, weak outlook; down over 45% in 2026
On 23 April, ServiceNow shares dropped 18.10% following Q1 results that narrowly beat expectations but included a margin cut. Concerns about AI disruption and delayed…
Intel Stock climbs over 4% ahead of Q1 earnings report, analysts predict fall in revenue
Wall Street anticipates adjusted earnings of 1 cent per share—a 92% plunge year-over-year—alongside a fall in revenue to $12.4 billion
Freeport delays Grasberg recovery due to wetter ore; shares fall
Freeport-McMoRan announced a slower-than-expected recovery at its Grasberg mine in Indonesia following a fatal flood. The company now anticipates only 65% production restoration by the…
Ryan Roslansky steps down as LinkedIn CEO, signals next phase under Satya Nadella’s AI push
Ryan Roslansky has confirmed that Dan Shapero will take charge as CEO of LinkedIn, highlighting the company’s focus on scaling talent amid rapid AI transformation.
Reliance Enterprise Intelligence appoints Parminder Singh as Chief Executive Officer
Reliance Enterprise Intelligence Ltd has appointed Parminder Singh as CEO to accelerate enterprise AI adoption in India. With Reliance holding a 70% stake and Facebook…
IKS Health acquires TruBridge Inc for upto $565 million
The deal, through IKS Health’s US subsidiary, will be funded by a loan of up to $670 million secured for a five-year term from Citibank,…
Gold, silver rates today: Comex gold drops $53/oz, silver down $3.7/oz as oil rebound fuels inflation fears
Gold and silver prices declined on 23 April, with gold futures at $4,700 and silver at $74.23, driven by rising crude oil prices and a…
