Meta began notifying roughly 8,000 employees Wednesday that they are being laid off, the first wave of a restructuring the company has framed as necessary to fund its push into artificial intelligence. Singapore-based workers were the first to learn their fate, with layoff
Devon Energy Corporation (NYSE:DVN) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds. On May 8, Jefferies upgraded Devon Energy Corporation (NYSE:DVN) to Buy from Hold It raised its price target on the stock to $62 from $53. Th
Quantum computing stocks have soared in recent years, and D-Wave Quantum (NYSE: QBTS) is one of the most successful. While volatile, the company's share price is up 3,310% over the last three years (as of May 18) Early D-Wave investors are sitting on incredible retu
Arthur J. Gallagher & Co. (NYSE:AJG) is included among the 10 Best Long Term Low Risk Stocks to Buy According to Hedge Funds On May 7, Citigroup upgraded Arthur J. Gallagher & Co. (NYSE:AJG) to Buy from Neutral and set a $250 price target, down from $280. The firm r
Arla Foods has struck a deal to acquire Australian cottage cheese producer Brancourts. The transaction was executed through the co-op's Arla Foods Mayer Australia (AFMA) venture Arla owns a majority stake in the venture with the Australian family-owned company Mayer
Japan’s first-quarter GDP growth exceeds forecasts, bolstering the yen amid Fed hawkishness and intervention risks. USD/JPY stabilizes around 159.05, halting a seven-day rally as Japan’s stronger-than-expected economic growth supports the yen. First-quarter GDP rose 0.5% q
UK April inflation fell more than expected, reducing pressure on the Bank of England to tighten policy further. GBP/USD slipped below 1.3400 after UK inflation data undershot forecasts, easing expectations for Bank of England rate hikes. Headline CPI dropped to 2.8% year-o
Volkswagen's Brazil chief has warned that Chinese automakers' aggressive expansion in the country is depressing resale values of its vehicles, even as the company rules out a price war. Ciro Possobom, who leads Volkswagen's Brazilian operations, told Reuters the company fe
Proposals aim to cut compliance costs and boost public listings amid a decades-long decline in U.S. public companies. The U.S. Securities and Exchange Commission proposed sweeping changes to simplify public company reporting requirements, targeting lower compliance costs w
Alphabet (GOOG) (GOOGL) is in focus on Wednesday after the company's Google I/O developer conference. The event showcased Google's intense push to make Gemini 2.5 the core intelligence layer across search, Chrome, Android, and developer tools, with new models (Pro and Flas
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