Microsoft Corp. has announced further job cuts in addition to the 10,000 layoffs previously announced this year. The recent round of cuts, which primarily targets employees in customer service, support, and sales, was reported by GeekWire. While the precise number of layoffs remains undisclosed, a filing with Washington state's Employment Security Department confirmed that 276 … [Read more...] about Microsoft to Cut Additional Jobs, Impacts Employees in Customer Service, Support, and Sales
Forex News
HCL Technologies to Report Q1 Results
HCL Technologies, a leading technology company, is set to announce its first-quarter results on Wednesday. Let's take a look at the key details: Net Profit Forecast Analysts, according to a poll by FactSet, expect HCL to report a 17% increase in net profit to 38.32 billion rupees ($464.0 million) for the quarter ending June 30. This compares to INR32.83 billion in the same … [Read more...] about HCL Technologies to Report Q1 Results
Big Tech’s Notable Winners Continue to Gain Momentum
Wells Fargo analyst Ken Gawrelski is singing the praises of Amazon.com Inc.'s stock (AMZN, -2.04%) as it continues to soar in 2023, with a remarkable 51% increase so far this year. In fact, Gawrelski considers it such a standout performer that he has included it in Wells Fargo's esteemed "signature picks" list. Maintaining an optimistic outlook, Gawrelski believes that there is … [Read more...] about Big Tech’s Notable Winners Continue to Gain Momentum
Oil Futures Trade Slightly Higher as Investors Await U.S. Supply Data and Inflation Update
Price Action West Texas Intermediate (WTI) crude for August delivery gained 52 cents, or 0.7%, to $73.51 per barrel on the New York Mercantile Exchange. September Brent crude gained 53 cents, or 0.7%, to $78.21 per barrel on ICE Futures Europe. August gasoline fell by 0.8% to $2.5929 a gallon, while August heating oil rose 1% to $2.594 per gallon. August natural gas rose 1.6% … [Read more...] about Oil Futures Trade Slightly Higher as Investors Await U.S. Supply Data and Inflation Update
Petrobras Requests Access to Braskem’s Information Amidst Sale Talks
By Jeffrey T. Lewis SÃO PAULO — Petrobras, the state-controlled oil company, announced on Monday evening that it has formally requested access to Braskem's due diligence information. This request comes as Braskem's controlling shareholder, Novonor, engages in talks to sell its stake in the chemical company. Petrobras clarified that it has not made any decisions regarding the … [Read more...] about Petrobras Requests Access to Braskem’s Information Amidst Sale Talks
