Shell and BP are actively pursuing US licenses to begin extracting natural gas from shared fields in Trinidad and Tobago and Venezuela, the Caribbean country’s energy minister Roodal Moonilal announced on Wednesday, according to a Reuters report. As Latin America’s top exporter of liquefied natural gas and a major global supplier of ammonia and methanol,
Amazon.com Inc. said on Wednesday it plans to cut about 16,000 corporate jobs, marking a second major round of layoffs in three months as the company moves to streamline management layers and accelerate the adoption of artificial intelligence across its operations. The latest reductions deepen a restructuring effort that began last year and underscore how
“I was doing Dry January for the trend and health benefits, but now that I have been laid off, I think this is more of a financial necessity,” joked London-based Callum Hill, recently cut by one of the UK’s fintech majors. The line lands lightly, but it captures a deeper shift rippling through labour markets:
US stock index futures climbed on Wednesday as investors positioned ahead of the Federal Reserve’s interest rate decision and a closely watched slate of earnings from major technology companies, with artificial intelligence-linked stocks driving early momentum. Futures tied to the S&P 500 rose about 0.3%, while Nasdaq 100 futures gained roughly 0.9%, putting the tech-heavy
Silver has been in an unusually strong uptrend in recent weeks – rallying more than 60% since the start of this year, effectively compressing a multi-year move into less than 30 days. Speaking this morning with CNBC, Tom Sosnoff – the cofounder of LossDog – agreed this massive rally in silver is unlike anything he’s
Seagate Technology’s shares surged in premarket trading on Wednesday after the hard drive maker forecast third-quarter revenue and profit above Wall Street expectations. The stock rose 10.3% to $410.05 before the opening bell. Seagate had already closed at a fresh record high in the previous session, ahead of quarterly results released after the market close.
Texas Instruments stock price continued its strong rally after publishing strong results and forward guidance. The TXN stock jumped to a high of $196, its highest level since September 3. It has soared by nearly 30% from its lowest level in December. Texas Instruments’ business is thriving Texas Instruments, a major player in the semiconductor
Starbucks returned to customer traffic growth for the first time in two years, signalling early progress in its turnaround while underscoring the cost pressures reshaping its earnings profile. The coffee chain reported mixed quarterly results, with rising store visits lifting sales even as higher input costs and restructuring expenses weighed on profitability. The update also
ASML stock surged 6% on Wednesday, after the Dutch semiconductor equipment maker posted record results and announced a €12 billion three-year buyback program alongside a 17% dividend hike. While the investors focused on the capital returns, the company’s earnings revealed a much deeper story. A backlog loaded with high-margin products and multi-year customer commitments that
C3.ai Inc (NYSE: AI) opened about 15% higher today following reports the artificial intelligence firm may soon merge with the privately held “Automation Anywhere”. Retail investors seem to be believe this deal may prove a turnaround for C3.ai, which has struggled with declining revenue that’s cut its valuation in half over the past year. Despite