AI experts say we’re living in an experiment that may fundamentally change the model of work Sign up for the Breaking News US email to get newsletter alerts in your inbox Hundreds of thousands of tech workers are facing a harsh reality. Their well-paying jobs are no longer safe. Now that artificial intelligence (AI) is here, their futures don’t look as bright as they did a decade ago. As US tech c...
AI experts say we’re living in an experiment that may fundamentally change the model of work Sign up for the Breaking News US email to get newsletter alerts in your inbox Hundreds of thousands of tech workers are facing a harsh reality. Their well-paying jobs are no longer safe. Now that artificial intelligence (AI) is here, their futures don’t look as bright as they did a decade ago. As US tech companies have ramped up investments in AI, they’ve slashed a staggering number of jobs. Microsoft cut 15,000 workers last year . Amazon laid off 30,000 employees in the last six months. Financial-services company Block eliminated more than 4,000 people, or 40% of its workforce, in February. Meta laid off more than 1,000 in the last six months, and, according to a Reuters report, may cut 20% of all employees in the near future . Just this week, the software giant Oracle laid off thousands of workers. Smaller players like Pinterest and Atlassian also made recent cuts, culling about 15% and 10% of their workforces, respectively. Estimates put the total number of tech layoffs in the past year at more than 165,000, according to the tracker Layoffs.fyi . Continue reading...
Getty Images In January I concluded that investors in Vistra ( VST ) were to perform a tricky balance. Despite a pullback observed at the time, as well as generally very reasonable valuation metrics, shares had seen massive gains in the years before, driven by the AI/data center boom. This prompted Vistra to participate in this, signing lucrative PPAs and acquiring new power-generating assets, yet...
Getty Images In January I concluded that investors in Vistra ( VST ) were to perform a tricky balance. Despite a pullback observed at the time, as well as generally very reasonable valuation metrics, shares had seen massive gains in the years before, driven by the AI/data center boom. This prompted Vistra to participate in this, signing lucrative PPAs and acquiring new power-generating assets, yet I feared that there were some (political) risks here as well. Shares have seen a tough first quarter, similar to the rest of the market, and with energy markets in turmoil, now is a very opportune time to see if the additional dips make shares worthwhile. While there are many positive news announcements, the reality is that massive gaps between earnings and free cash flows are seen, with risks seen both to the up- and downside. I am cautious to accept the free cash flow metric as a reliable indicator here, given the capital expenditure boom, as earnings multiples on the higher end of the spectrum are rather demanding. Other, higher conviction ideas, including recent M&A efforts, can be found at Value In Corporate Events . Coming To Live Vista emerged following the bankruptcies of TXU and Luminant a decade ago, and until 2023, this was a typical, boring, dormant utility business. As an integrated power provider, the company has assets in some 18 states, including larger and important regions such as Texas and California. In total, the company claims to have over 44,000 MW of generating power, the majority of which runs on gas, complemented by renewable, nuclear, and still some coal. The company favors gas, as it requires little space, is efficient, is reliable, is countercyclical, and is relatively clean. A mere $40 stock early in 2024 ended up peaking around $220 per share last summer, having pulled back to $160 in January and $150 today, having fallen to levels first seen in the fall of 2024. The original sluggish share price performance was difficult to rhyme with impres...
Betterware de México , S.A.P.I. de C.V., ( BWMX ) appointed Raúl del Villar as CFO, bringing 30+ years of senior finance experience to strengthen its financial leadership. His expertise in multinational consumer companies like Grupo Axo (AXO) and Adidas ( ADDYY ) is expected to support the company’s growth strategy and long-term plans. The BWMX stock closed at $17.47, up 3.25% in the regular sessi...
Betterware de México , S.A.P.I. de C.V., ( BWMX ) appointed Raúl del Villar as CFO, bringing 30+ years of senior finance experience to strengthen its financial leadership. His expertise in multinational consumer companies like Grupo Axo (AXO) and Adidas ( ADDYY ) is expected to support the company’s growth strategy and long-term plans. The BWMX stock closed at $17.47, up 3.25% in the regular session, and remained flat in after-hours trading. Source: Press Release More on Betterware de Mexico SAB de CV Betterware: When Kingpins Fall, Confidence Follows Betterware de México, S.A.P.I. de C.V. (BWMX) Q4 2025 Earnings Call Transcript Betterware de México, S.A.P.I. de C.V. 2025 Q4 - Results - Earnings Call Presentation Top and bottom quant-rated small-cap consumer discretionary stocks Betterware de Mexico SAB de CV declares $0.3103 dividend
Just because the U.S. is a net exporter of certain fuels doesn’t mean its economy won’t feel some serious blowback from higher global energy costs driven by the conflict in Iran.
Just because the U.S. is a net exporter of certain fuels doesn’t mean its economy won’t feel some serious blowback from higher global energy costs driven by the conflict in Iran.
In this article AVGO GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom said Monday that it's agreed to produce future versions of artificial intelligence chips for Google , and the chipmaker signed an expanded deal with Anthropic that will give the AI sta...
In this article AVGO GOOGL Follow your favorite stocks CREATE FREE ACCOUNT Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom said Monday that it's agreed to produce future versions of artificial intelligence chips for Google , and the chipmaker signed an expanded deal with Anthropic that will give the AI startup access to about 3.5 gigawatts worth of computing capacity drawing on Google's AI processors. Shares of Broadcom rose 3% in extended trading. Google parent Alphabet's shares were unchanged. The disclosure in a securities filing underscores the surging demand for infrastructure that can run generative AI models. Anthropic's popularity has soared this year, with its Claude app becoming the top free U.S. app listed in Apple's App Store in February after a dispute between the company and the Pentagon became public. Broadcom CEO Hock Tan said in December that Anthropic had placed a $10 billion order for custom chips. Monday's filing did not contain a dollar amount. On an earnings call last month, Tan said that "for Anthropic, we are off to a very good start in 2026 for one gigawatt of TPU compute. And for 2027, this demand is expected to surge in excess of three gigawatts of compute." This is breaking news. Please refresh for updates. WATCH: Final Trades: Broadcom, Spotify, Applovin and Uber watch now VIDEO 1:34 01:34 Final Trades: Broadcom, Spotify, Applovin and Uber Halftime Report Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom Inc. and Google to power its burgeoning operations. The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 million on an annual basis. That figure has more than doubl...
Anthropic PBC said its revenue run rate has now topped $30 billion, up from $9 billion at the end of 2025, and confirmed plans to work with Broadcom Inc. and Google to power its burgeoning operations. The AI startup said that demand for its Claude services has accelerated this year, with more than 1,000 business customers spending over $1 million on an annual basis. That figure has more than doubled since February. The collaboration with Broadcom and Google, which was first announced last month, will help Anthropic build “the capacity necessary to serve the remarkable growth we have seen in our customer base,” Chief Financial Officer Krishna Rao said in a statement. The annual run rate — a popular benchmark among tech startups — extrapolates the current sales level over a full year. The latest numbers suggest that a high-profile dispute with the US government hasn’t stymied growth. Anthropic is waging a legal fight over the Pentagon’s decision to declare the company a supply-chain risk following a standoff over AI safety guardrails. Anthropic has warned that the labeling could cost it billions in lost revenue, and an attorney for the company recently told a judge in San Francisco that the federal government’s actions led to more than 100 enterprise customers contacting the company to express doubt about continuing their work with Anthropic. Still, some customers respect that Anthropic “demonstrates its principles” in its dealings with the US government, Paul Smith, Anthropic’s chief commercial officer, said in an interview last week. Read More: Anthropic Predicts Demand for Cowork Agent to Dwarf Claude Code Broadcom is developing chips using Google’s tensor processing units, or TPUs, offering an alternative to technology from Nvidia Corp . Broadcom and Alphabet Inc. ’s Google have entered a long-term agreement to provide the chips and a supply assurance pact that runs through 2031, according to a Broadcom filing Monday. The three companies also are expanding a strat...
Wisconsin Governor Tony Evers vetoed a bill that would've required residents to verify their age before accessing porn sites, as reported earlier by 404 Media . In a letter to the members of the assembly last week, Evers writes that the bill "imposes an intrusive burden on adults who are trying to access constitutionally protected materials." The bill (AB 105) would've required sites with more tha...
Wisconsin Governor Tony Evers vetoed a bill that would've required residents to verify their age before accessing porn sites, as reported earlier by 404 Media . In a letter to the members of the assembly last week, Evers writes that the bill "imposes an intrusive burden on adults who are trying to access constitutionally protected materials." The bill (AB 105) would've required sites with more than one-third of their total content deemed harmful to minors to impose a "reasonable" form of age verification, such as asking users to show their government-issued ID. More than two dozen states have already passed similar age check requirements for … Read the full story at The Verge.
The S&P 500 (SNPINDEX:^GSPC) rose 0.44% to 6,611.83, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.54% to 21,996.34, and the Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.36% to 46,669.88 as cautious ceasefire hopes balanced volatile oil markets.
The S&P 500 (SNPINDEX:^GSPC) rose 0.44% to 6,611.83, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.54% to 21,996.34, and the Dow Jones Industrial Average (DJINDICES:^DJI) gained 0.36% to 46,669.88 as cautious ceasefire hopes balanced volatile oil markets.
Tesla (NASDAQ:TSLA), electric vehicles and energy storage maker, closed Monday at $352.82, down 2.15%. The stock moved lower after bearish analyst commentary and estimate cuts following Tesla’s Q1 delivery miss and investors will be watching how upcoming Q1 earnings will address
Tesla (NASDAQ:TSLA), electric vehicles and energy storage maker, closed Monday at $352.82, down 2.15%. The stock moved lower after bearish analyst commentary and estimate cuts following Tesla’s Q1 delivery miss and investors will be watching how upcoming Q1 earnings will address
monsitj/iStock via Getty Images Gold and silver futures settled roughly flat Monday as investors awaited further news on the Middle East ahead of President Trump's stated deadline to reopen the Strait of Hormuz. Trump reasserted his Tuesday 8 p.m. deadline for Iran to reopen the vital oil shipping lane or face bombardment of its civilian infrastructure such as power plants and bridges, telling a n...
monsitj/iStock via Getty Images Gold and silver futures settled roughly flat Monday as investors awaited further news on the Middle East ahead of President Trump's stated deadline to reopen the Strait of Hormuz. Trump reasserted his Tuesday 8 p.m. deadline for Iran to reopen the vital oil shipping lane or face bombardment of its civilian infrastructure such as power plants and bridges, telling a news conference that "the entire country can be taken out in one night, and that night might be tomorrow night." Earlier, Iran rejected a proposal from the U.S. and regional mediators to end hostilities for 45 days in exchange for opening the Strait of Hormuz. Investor "focus is likely to remain on the war and interest rates. If the conflict drags on, oil will grind higher amid tightening supply conditions, adding to inflationary pressures," TD Securities global head of commodity strategy Bart Melek said in a note. "That leaves central banks, particularly the Federal Reserve, with less room to ease policy and could even revive discussions about higher rates if energy prices rise further, which is negative for gold." The Fed held rates last month, and a majority of traders now see no chance of the U.S. central bank cutting interest rates this year, according to CME's FedWatch tool. Front-month Comex gold ( XAUUSD:CUR ) for April delivery closed up 0.1% to $4,656.80/oz, its fifth gain in the past six sessions, and front-month Comex April silver ( XAGUSD:CUR ) settled down 0.1% to $72.661oz. ETFs: ( GLD ), ( GDX ), ( GDXJ ), ( IAU ), ( NUGT ), ( PHYS ), ( GLDM ) ( AAAU ), ( SGOL ), ( RING ), ( BAR ), ( OUNZ ), ( DUST ), ( SLV ), ( PSLV ), ( SIVR ), ( SIL ), ( SILJ ) More on gold and silver GDX: Waiting For Lower Prices Or Selling Still Makes Sense (Technical Analysis) GDX: New Macro Risks, Same Solid Valuation For Gold Mining Stocks Central Bank Gold Statistics: Central Banks Stay The Course On Gold In February
Oracle reinstates the CFO role by hiring Hilary Maxson from Schneider Electric as the company reportedly lays off thousands amid a massive AI buildout.
Oracle reinstates the CFO role by hiring Hilary Maxson from Schneider Electric as the company reportedly lays off thousands amid a massive AI buildout.