In this article PINS Follow your favorite stocks CREATE FREE ACCOUNT Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest CEO Bill Ready rebuked staffers who created an internal tool to track layoffs at the company, and fired those involved. "He...
In this article PINS Follow your favorite stocks CREATE FREE ACCOUNT Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest CEO Bill Ready rebuked staffers who created an internal tool to track layoffs at the company, and fired those involved. "Healthy debate and dissent are expected, that's how we make our decisions," Ready said at a companywide meeting last week, according to audio obtained by CNBC. "But there's a clear line between constructive debate and behavior that's obstructionist." Pinterest announced on Jan. 27 that it would lay off less than 15% of its workforce and cut back on office space as part of a broader restructuring aimed at directing resources toward artificial intelligence projects. The company said it expects the layoffs will be complete by the end of September. Following the announcement, Pinterest's technology chief addressed the layoffs in a meeting. Some employees asked which teams were impacted and whether more job cuts were coming, according to a person familiar with the matter who asked not to be named because the meeting was private. Several Pinterest engineers then created an internal software tool to try and quantify the layoffs. Pinterest fired the engineers on Friday, the person said. It's unclear how many employees were let go. Ready defended the moves at an all-hands meeting on Friday, saying Pinterest was facing a "critical moment" in the industry. Employees should consider a job elsewhere if they're "working against the direction of the company" and disagree with its mission, he said. Ready said Pinterest wouldn't disclose detailed information about the layoffs out of a concern for staffers' privacy. "I know people have natural curiosity around these things," Ready said. "We shared some of those major structural changes. The smaller ones, those will be communicated at the team ...
A rare cold snap across Florida has left thousands of iguanas 'cold stunned' and immobile, with some falling from trees. The state's wildlife agency says they're ripe for capturing. Reptiles like iguanas are ectotherms, meaning their internal body temperature is affected by the weather outside. When it gets too cold – temperatures in Florida have dropped to below 50F (10C) – their internal process...
A rare cold snap across Florida has left thousands of iguanas 'cold stunned' and immobile, with some falling from trees. The state's wildlife agency says they're ripe for capturing. Reptiles like iguanas are ectotherms, meaning their internal body temperature is affected by the weather outside. When it gets too cold – temperatures in Florida have dropped to below 50F (10C) – their internal process slow down, leading to the phenomenon known as 'cold stunning.' Florida's wildlife agency has asked the public to capture these iguanas, who are an invasive species not native to the state, while they're immobile. They report that more than 2,000 cold stunned iguanas have been handed over to authorities so far.
Earnings Call Insights: Amgen Inc. (AMGN) Q4 2025 Management View Robert Bradway, Chairman & CEO, highlighted that "14 of our products achieved blockbuster status with sales of $1 billion or more, 13 products delivered double-digit sales growth and 18 products achieved record results for us. The strength of that broad portfolio enabled us to post double-digit growth in revenues and earnings per sh...
Earnings Call Insights: Amgen Inc. (AMGN) Q4 2025 Management View Robert Bradway, Chairman & CEO, highlighted that "14 of our products achieved blockbuster status with sales of $1 billion or more, 13 products delivered double-digit sales growth and 18 products achieved record results for us. The strength of that broad portfolio enabled us to post double-digit growth in revenues and earnings per share for 2025." He emphasized the ongoing momentum in Repatha, EVENITY, and TEZSPIRE, each growing by more than 30% year-over-year, and identified these as long-term growth drivers. Bradway noted the rare disease portfolio generated more than $5 billion in 2025, and oncology portfolio growth was driven by the BiTE platform, particularly IMDELLTRA, which "has rapidly become the standard of care in patients with second line or later small cell lung cancer, supported by unprecedented survival benefits." On biosimilars, Bradway stated, "Our biosimilars portfolio has contributed more than $13 billion in sales since the launch of our first medicine there in 2018. With $3 billion in 2025 sales, this business is an important contributor to our organization and poised for growth with the next wave of biosimilar launches." Research and development momentum was underscored, with Bradway expressing confidence in MariTide, labeling it "the only therapy in late-stage development to offer the paradigm-changing prospect of strong efficacy and favorable tolerability at monthly, every other month or even quarterly dosing." Peter Griffith, Executive VP & CFO, stated, "For the full year, we delivered a non-GAAP operating margin of 46%. We continue to invest in advancing our pipeline with non-GAAP R&D spending increased 22% year-over-year for the full year to a record $7.2 billion." He added, "We generated $8.1 billion in free cash flow for the full year, reflecting operational momentum across the business and rigorous management of working capital, all while continuing to invest in innovation."...
Malaysia ’s state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the Southeast Asian nation seeks more supplies of the super-chilled fuel, according to two sources familiar with the matter. Petroliam Nasional, or Petronas , will sign a contract for up to 2 million tonnes (2.2 million tons) per annum of LNG, one of the sources said. Qatar is the world’s s...
Malaysia ’s state-owned firm Petronas is set to sign a liquefied natural gas supply deal with QatarEnergy as the Southeast Asian nation seeks more supplies of the super-chilled fuel, according to two sources familiar with the matter. Petroliam Nasional, or Petronas , will sign a contract for up to 2 million tonnes (2.2 million tons) per annum of LNG, one of the sources said. Qatar is the world’s second-largest LNG exporter after the United States , shipping out 81.07 million tonnes of the fuel last year, according to Kpler data. Advertisement Its massive North Field expansion project will produce its first LNG in the second half of 2026. When at full production, the project is expected to produce 126 million tonnes of LNG per annum by 2027, boosting QatarEnergy’s output by some 85 per cent from its current 77 million tonnes per annum. Petronas is up against dwindling domestic gas reserves while local demand for the fuel rises, prompting it to actively pursue new gas opportunities abroad and form partnerships with other energy firms while seeking new long-term LNG import deals. Advertisement The firm said last year it was working to get a third regasification plant up and running in Malaysia. In recent years, Petronas has signed LNG import deals with Woodside Energy, Commonwealth LNG, Venture Global and ADNOC.
Former Prime Minister Gordon Brown "goes to war with Government over Mandelson's leaked emails to Epstein" leads the Daily Telegraph. The paper writes "Brown has dragged Britain's most senior public servant into the Mandelson scandal, questioning why he failed to launch an investigation last autumn". It also reports that Brown has passed on "relevant" information to the police about Lord Mandelson...
Former Prime Minister Gordon Brown "goes to war with Government over Mandelson's leaked emails to Epstein" leads the Daily Telegraph. The paper writes "Brown has dragged Britain's most senior public servant into the Mandelson scandal, questioning why he failed to launch an investigation last autumn". It also reports that Brown has passed on "relevant" information to the police about Lord Mandelson, who served as business secretary while Brown was PM. People close to Brown tell the BBC they object to the Daily Telegraph's headline, saying the former PM was "in no ways... seeking to accuse No10 of a cover up in what he said in his statement".
Australia is on track for the world’s first tightening cycle of 2026 as economists and markets ramp up bets on another interest-rate increase, marking a sharp reversal for a central bank struggling to contain resurgent inflation. Two of Australia’s big four banks as well as Goldman Sachs Group Inc. switched their calls since the Reserve Bank of Australia on Tuesday became the first major monetary ...
Australia is on track for the world’s first tightening cycle of 2026 as economists and markets ramp up bets on another interest-rate increase, marking a sharp reversal for a central bank struggling to contain resurgent inflation. Two of Australia’s big four banks as well as Goldman Sachs Group Inc. switched their calls since the Reserve Bank of Australia on Tuesday became the first major monetary authority in the world to raise rates this year. They now see another hike in May to take the cash rate to 4.1% after policy makers boosted borrowing costs by 25 basis points to 3.85%. A second rate increase would mostly unwind the RBA’s easing effort last year: one of the world’s shortest and shallowest cutting cycles of just 75 basis points over six months. It would also contrast with most global peers such as the Federal Reserve, who are mainly seen either reducing interest rates or holding them steady. The decision by Commonwealth Bank of Australia, Westpac Banking Corp. and Goldman to focus on May reflects the timing of the meeting, which comes shortly after the quarterly inflation release and coincides with the RBA board receiving updated staff forecasts. National Australia Bank’s Sally Auld had already forecast two rate hikes this year and is sticking with her view. ANZ Bank is alone among the big four lenders in expecting a prolonged pause from here. “While the governor did not provide any forward guidance, the combination of language used in the press conference in conjunction with the revised set of forecasts, suggest the RBA has initiated a hiking cycle — rather than a single ‘fine-tuning’ hike,” Goldman’s Andrew Boak said. Boak, who had earlier expected the RBA would stand pat this week, pointed to its latest macroeconomic forecasts released alongside Tuesday’s rate decision for his change of view. Read More: Australia Becomes First Major Economy to Hike Rates in 2026 Those estimates are based on the technical assumption of a further 35 basis points of rate incr...
Not everyone will be able to stomach potential volatility. In February 2025, Sandisk (SNDK +4.55%) spun off from Western Digital, becoming a stand-alone, public company for the second time. Since then, it has been the hottest stock in the S&P 500, up 1,500% through the end of January 2026. For investors who bought Sandisk shares early, it's been a lucrative ride that has made a lot of people a lot...
Not everyone will be able to stomach potential volatility. In February 2025, Sandisk (SNDK +4.55%) spun off from Western Digital, becoming a stand-alone, public company for the second time. Since then, it has been the hottest stock in the S&P 500, up 1,500% through the end of January 2026. For investors who bought Sandisk shares early, it's been a lucrative ride that has made a lot of people a lot of money. For investors considering buying shares now, the decision gets a bit trickier after such a huge run in a short period. If you find yourself in the latter category, is now the time to get in? Well, let's take a look. Right place at the right time Sandisk's recent surge comes down to its role in the AI ecosystem. Sandisk builds advanced storage devices, which you can think of as digital filing cabinets to hold the data that artificial intelligence (AI) needs. These are important because they let you save and quickly access large amounts of data, and without them, it would be impossible to train AI on the scale it is today. As one of the leading makers of these storage devices, Sandisk is well positioned to capitalize on the increased demand. In fact, because demand is beginning to outpace supply, Sandisk has been able to raise its prices significantly. And that combo always attracts investors' attention. Expand NASDAQ : SNDK Sandisk Today's Change ( 4.55 %) $ 30.27 Current Price $ 695.51 Key Data Points Market Cap $97B Day's Range $ 646.20 - $ 725.00 52wk Range $ 27.89 - $ 725.00 Volume 31M Avg Vol 14M Gross Margin 34.81 % You can't deny the cash flow Sandisk put up impressive numbers in its second-quarter fiscal year 2026 (ended Jan. 2). Its revenue increased 61% year over year to $3.03 billion, around $360 million more than estimates. Its earnings per share (EPS) increased by 404% to $6.20, well above the estimated $3.54. Sandisk noted that a lot of its growth is coming from companies building out AI infrastructure and deploying AI at scale. Sandisk projects its ...
(RTTNews) - The Hong Kong stock market on Thursday ended the six-day winning streak in which it had skyrocketed more than 4,200 points or 21 percent. The Hang Seng Index now sits just above the 22,110-point plateau and it's still due for considerable profit taking on Friday. The global forecast for the Asian markets is fairly flat ahead of key U.S. employment data later in the day. The European an...
(RTTNews) - The Hong Kong stock market on Thursday ended the six-day winning streak in which it had skyrocketed more than 4,200 points or 21 percent. The Hang Seng Index now sits just above the 22,110-point plateau and it's still due for considerable profit taking on Friday. The global forecast for the Asian markets is fairly flat ahead of key U.S. employment data later in the day. The European and U.S. markets were down and the Asian bourses are expected to open in similar fashion. The Hang Seng finished sharply lower on Thursday with profit taking in all sectors following the recent gains. For the day, the index stumbled 330.22 points or 1.47 percent to finish at 22,113.51 after trading between 21,442.25 and 22,484.04. Among the actives, Alibaba Group dropped 4.43 percent, while Alibaba Health Info plunged 11.06 percent, ANTA Sports shed 3.04 percent, China Life Insurance, China Mengniu Dairy weakened 5.45 percent, China Resources Land stumbled 6.00 percent, CITIC slid 1.86 percent, CNOOC rallied 2.45 percent, CSPC Pharmaceutical sank 3.27 percent, Galaxy Entertainment declined 5.54 percent, Haier Smart Home slipped 1.19 percent, Hang Lung Properties surrendered 6.61 percent, Henderson Land lost 2.76 percent, Hong Kong & China Gas dipped 1.22 percent, Industrial and Commercial Bank of China eased 0.62 percent, JD.com tanked 7.94 percent, Lenovo fell 2.52 percent, Li Auto retreated 5.76 percent, Li Ning skidded 4.54 percent, Meituan surged 3.96 percent, New World Development plummeted 11.42 percent, Nongfu Spring slumped 5.11 percent, Techtronic Industries was down 1.15 percent, Xiaomi Corporation rose 0.21 percent and WuXi Biologics tumbled 7.00 percent. The lead from Wall Street is soft as the major averages opened lower on Thursday and largely remained in the red throughout the day, closing with modest losses. The Dow dropped 184.93 points or 0.44 percent to finish at 42,011.59, while the NASDAQ eased 6.65 points or 0.04 percent to close at 17,918.47 and the S&P...