Articles

Apple to lay off more than 600, weeks after canceling electric-vehicle project

Those are the first significant job cuts for Apple since the pandemic.

RBNZ likely to keep rates steady next week despite rising financial instability

The consensus heading into the meeting is that the official cash rate will be held at 5.5%, but there could be dovish tweaks to the outlook.

Chip sector avoids a major crisis from Taiwan quake. But one lesson should be learned.

Taiwan Semiconductor Manufacturing Corp., emerged mostly unscathed after Taiwan was struck by its biggest earthquake in 25 years.

Kura Sushi shares rise 6% on sales beat, raised outlook

Shares of Kura Sushi USA rose after fiscal second-quarter sales rose sharply and the company lifted its full-year revenue guidance.

Bio-Path Holdings shares sink 6% after deal for at-the-market offering

Shares of Bio-Path Holdings fell late Thursday after the company said it had reached a deal for an at-the-market share offering.

The bulls still have what it takes to pull stocks back up

Volatility is higher and the market is down, but support levels are holding.

Dow’s worst day in a year follows talk of no rate cuts in 2024, oil-price spike

Oil nearing $90 a barrel is a worry, as are rising bond yields and incoming jobs data.

Block isn’t doing enough to win over Gen Z, this new bear warns

Block has won over more investors lately as the company puts a greater focus on profitability and discipline, but a Morgan Stanley analyst isn’t sold on the stock’s prospects.

How a Biden-Trump rematch can keep healthcare ETFs afloat this election year

U.S. healthcare ETFs are losing momentum at the start of the second quarter. Here’s where strategists see them going as a Biden-Trump election rematch looms.

GameStop trims chief operating officer in latest executive shakeup

COO responsibilities will be shared, GameStop said.

Biden White House urges companies in Baltimore area to avoid layoffs after bridge collapse

The Biden White House on Thursday said it has talked to big companies in the Baltimore area to encourage them not to lay off workers following the collapse of the Francis Scott Key Bridge last month.

Big Tech payment apps are the ‘holy grail’ of surge pricing, says CFPB’s Chopra

“Companies want transaction data so they know how much you’re willing to pay,” the regulator said.
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