Tata Consultancy Services Ltd. , Asia’s largest outsourcer, will reduce hiring going ahead as it steps up the use of artificial intelligence agents, marking a pivotal shift in India’s labor-intensive outsourcing industry. “The company will have an equal number of AI workers — we call them AI agents — as there are employees. If the company has half a million employees, the day is not far when the c...
Tata Consultancy Services Ltd. , Asia’s largest outsourcer, will reduce hiring going ahead as it steps up the use of artificial intelligence agents, marking a pivotal shift in India’s labor-intensive outsourcing industry. “The company will have an equal number of AI workers — we call them AI agents — as there are employees. If the company has half a million employees, the day is not far when the company will have half a million AI agents,” Tata Group Chairman Natarajan Chandrasekaran said at TCS’ annual general meeting Tuesday. For decades, India’s $315-billion software services industry, led by TCS and smaller rival Infosys Ltd. , thrived on labor arbitrage, transforming the country into the world’s backoffice. AI now threatens to upend that model, clouding career prospects for IT engineers — a dream job for millions of aspirational middle-class households. Rapid technology changes have already begun showing effect at TCS, which last year cut 12,000 jobs. The company currently employs just under 600,000 people. Asia’s largest outsourcer is now beginning to pivot toward high-margin businesses. It already has an agreement with OpenAI to build AI data centers and is nearing additional deals with other tech giants, Chief Executive Officer K. Krithivasan told Bloomberg News previously. On Tuesday, Chandrasekaran, who previously served as TCS’ CEO for more than seven years, said AI will also create new jobs. “Will it definitely lead to decrease in hiring — absolutely. That does not mean there are no future opportunities. Once the transition happens, the AI world will produce so much more opportunities, there will be new talent that will be required,” he said. TCS AI revenue crossed an annualized $2.3 billion in the fiscal fourth quarter through March 2026. By 2028 to 2030, all of TCS’ revenue will have an AI component, said Chandrasekaran.
Apple (AAPL) showcased its new AI-powered Siri (Siri AI) at its 2026 Worldwide Developers Conference (WWDC), a long-awaited entry into the AI race from the iPhone maker as it offers a more personal style of digital assistant. Creative Strategies CEO and principal analyst Ben Bajarin speaks with Julie Hyman about Apple's strategy to bring AI to the mainstream for its consumers. This was Tim Cook's ...
Apple (AAPL) showcased its new AI-powered Siri (Siri AI) at its 2026 Worldwide Developers Conference (WWDC), a long-awaited entry into the AI race from the iPhone maker as it offers a more personal style of digital assistant. Creative Strategies CEO and principal analyst Ben Bajarin speaks with Julie Hyman about Apple's strategy to bring AI to the mainstream for its consumers. This was Tim Cook's final WWDC as Apple CEO before he steps down this September, transitioning into an executive chairman role.
Oselote Silver ( XAGUSD:CUR ) has come under significant pressure on Tuesday, extending a recent downturn and pushing the precious metal below a key long-term technical threshold. The move marks the first time silver has traded beneath its 200-day moving average since mid-April 2025, highlighting a notable deterioration in momentum after months of weakness. The metal was trading at $67.130/oz duri...
Oselote Silver ( XAGUSD:CUR ) has come under significant pressure on Tuesday, extending a recent downturn and pushing the precious metal below a key long-term technical threshold. The move marks the first time silver has traded beneath its 200-day moving average since mid-April 2025, highlighting a notable deterioration in momentum after months of weakness. The metal was trading at $67.130/oz during Tuesday's session, down 3.5% on the day. The latest decline leaves silver on track for their lowest closing level since December 18, underscoring the extent of the recent selloff. Silver has retreated sharply from its record high of $121.785/oz reached on January 29. Since setting that peak, prices have fallen approximately 45.5%, erasing a substantial portion of the gains generated during the previous rally. Technical indicators also continue to point lower. In addition to slipping below the 200-day moving average, silver is trading beneath its shorter-term 20-day, 50-day, and 100-day moving averages as well. The alignment of these widely followed indicators suggests bearish sentiment remains firmly in place as traders assess whether the precious metal can stabilize following one of its steepest declines of the year. Silver and Silver Mining ETFs: ( SLV ), ( SIVR ), ( AGQ ), ( ZSL ), ( PSLV ), ( SIL ), ( SILJ ), and ( SLVP ). More on markets BofA raises red flags as bear-market signals flash Beyond big tech: AI adoption spreads across nearly every sector AI benefits still concentrated in the Magnificent Seven, Apollo says MSG shares surge on Knicks Finals run ahead of Trump's expected Game 3 visit Bitcoin bounces back above $63K following Friday’s washout below $60K
Western Computer, a leading Microsoft Dynamics partner specializing in manufacturing and distribution, today announced its upcoming onsite event, Navigate Forward: Business Central & The AI Advantage, hosted in collaboration with Microsoft at Microsoft's Downers Grove office on Wednesday, June 17th starting at 12 pm.
Western Computer, a leading Microsoft Dynamics partner specializing in manufacturing and distribution, today announced its upcoming onsite event, Navigate Forward: Business Central & The AI Advantage, hosted in collaboration with Microsoft at Microsoft's Downers Grove office on Wednesday, June 17th starting at 12 pm.
For tech sector investors, generative artificial intelligence (AI) has been the gift that keeps on giving, and chipmaker Advanced Micro Devices (NASDAQ: AMD) has been among the biggest winners. But after seeing its shares soar by more than 300% over the last 12 months, can the stock maintain its bull run for much longer? Let's dig deeper to see what the coming months might have in store for this t...
For tech sector investors, generative artificial intelligence (AI) has been the gift that keeps on giving, and chipmaker Advanced Micro Devices (NASDAQ: AMD) has been among the biggest winners. But after seeing its shares soar by more than 300% over the last 12 months, can the stock maintain its bull run for much longer? Let's dig deeper to see what the coming months might have in store for this top AI hardware company. Large language models (LLMs) are generally trained and operated through vast data centers that house thousands of graphics processing units (GPUs) and specialized AI accelerator chips produced by companies like Advanced Micro Devices. And demand shows no signs of slowing. Continue reading
BlackJack3D/iStock via Getty Images Nebius: going on another rampaging run It has been almost a month since Nebius Group N.V. ( NBIS ) delivered its first quarter FY2026 earnings release, and it has been nothing but phenomenal for investors who kept their faith in the stock as compute capacity continues to run well behind insatiable demand from customers. And for Nebius, I think the message is cry...
BlackJack3D/iStock via Getty Images Nebius: going on another rampaging run It has been almost a month since Nebius Group N.V. ( NBIS ) delivered its first quarter FY2026 earnings release, and it has been nothing but phenomenal for investors who kept their faith in the stock as compute capacity continues to run well behind insatiable demand from customers. And for Nebius, I think the message is crystal clear from management, given the significant upgrade in CapEx guidance back in its first quarter earnings call. If you recall, back in the commentary, management raised its capital expenditure outlook from a range of between $16 billion and $20 billion, and now we are looking at between $20 billion and $25 billion. That is a significant upgrade, translating into potentially significant revenue increases from FY2027 onwards. Meaning while we may not see the near-term boost to its revenue growth outlook in Q2 or Q3, we now can see the roadmap being extended further, adding much clearer visibility to the company's outlook. While there are justified concerns about how the company is going to finance these raises, the market doesn't appear to be unduly perturbed right now. The fact that demand has been so robust, including from the hyperscalers, the AI developers, and the enterprise customers, I believe it would be remiss for Nebius not to use this great opportunity to level up its ambitions against the very competitive neocloud landscape. Which is why it is important for us to consider that the company retains a pretty solid cash runway. As of Q1, NBIS reported a cash balance of $9.3 billion. Considering that they could still unlock its at-the-market offering (25 million Class A shares), which they have not even utilized at this point. Nebius: market thinks upgraded guidance is a show of strength Nebius upgraded CapEx guidance (Seeking Alpha) Also, management has indicated that they have potential asset-based financing using the hyperscaler contracts, including the Meta ( ...
Phillip Faraone/Getty Images Entertainment Block, Inc. ( XYZ ) has finally found its stride. The company has been posting explosive growth driven by success in its Cash App lending platform. The company also looks poised to deliver incredible margin expansion as it moves beyond its drastic workforce reduction. The company maintains a strong balance sheet, which helps to differentiate it from tradi...
Phillip Faraone/Getty Images Entertainment Block, Inc. ( XYZ ) has finally found its stride. The company has been posting explosive growth driven by success in its Cash App lending platform. The company also looks poised to deliver incredible margin expansion as it moves beyond its drastic workforce reduction. The company maintains a strong balance sheet, which helps to differentiate it from traditional banks. The valuation still looks compelling here, though perhaps slightly less so than in the past. I rate the stock a buy. XYZ Stock Price I last covered XYZ in March , where I highlighted how their bombshell workforce reduction may drive margin upside. The stock has risen around 19% since. Data by YCharts I see continued upside ahead as the company continues driving progress on profitability. XYZ Stock Key Metrics XYZ is a fintech company with two distinct businesses in point of sale systems (through its business Square) and peer-to-peer payments (through its Cash App platform). I note that the latter business might be better viewed as a consumer lending arm. In the most recent quarter, XYZ generated 27% YoY gross profit growth to $2.909 billion, crushing guidance of between $2.68 billion and $2.7 billion. I note that one should focus on gross profits instead of revenue due to the slim margins earned from its Bitcoin operations. 2026 Q1 Presentation The company followed that strong top-line growth with equally strong bottom-line growth, with adjusted operating income jumping 56% YoY to $728 million, exceeding guidance of $585 million. I note that GAAP operating income had a wider than usual difference from adjusted operating income primarily due to the restructuring. I expect these two metrics to return to alignment moving forward. 2026 Q1 Presentation The company primarily drove the strong gross profit growth through its Cash App business, which saw 38% gross profit growth. That included a stunning 66% YoY growth rate in financial solutions, which houses the consu...
If you like the idea, but are too ashamed to admit it in the midst of this hot divorcee summer, listen up! There are some very good reasons to get wed It’s hard to pinpoint the moment something shifts from unfashionable to taboo, but it feels as if we’re there. With a “ hot divorcee summer ” on the horizon, more than half of single American women believing they’re happier than their spliced sister...
If you like the idea, but are too ashamed to admit it in the midst of this hot divorcee summer, listen up! There are some very good reasons to get wed It’s hard to pinpoint the moment something shifts from unfashionable to taboo, but it feels as if we’re there. With a “ hot divorcee summer ” on the horizon, more than half of single American women believing they’re happier than their spliced sisters , and nearly 70% of college-educated singles pessimistic about finding the right partner, what was once vanilla has become a baked alaska hot take. Even having a boyfriend has been deemed embarrassing , so steel yourselves: this is controversial. I write, dear reader, in praise of marriage. Wait! Please! Put down your torches and pitchforks for a moment, and hear me out. I’m not advocating for any kind of tradwife nonsense, or unobtainable romcom fantasy. I’m talking normal, ordinary, messy, cosy, frustrating marriage. Continue reading...
alexsl West Pharmaceutical Services ( WST ) reached a new 52-week high on Tuesday after Barclays upgraded the syringe maker to Overweight from Equal Weight, citing strong fundamentals that it says could generate near-term upside. Analyst Luke Sergott recalled that Barclays was on the sidelines regarding West Pharma ( WST ) when the stock was initiated last year, due mainly to headwinds related to ...
alexsl West Pharmaceutical Services ( WST ) reached a new 52-week high on Tuesday after Barclays upgraded the syringe maker to Overweight from Equal Weight, citing strong fundamentals that it says could generate near-term upside. Analyst Luke Sergott recalled that Barclays was on the sidelines regarding West Pharma ( WST ) when the stock was initiated last year, due mainly to headwinds related to multi-dose vials and new oral GLP-1 drugs. “We admittedly overestimated these potential headwinds and have now done some work that suggests it should not be as big of a threat over the next few years as we previously thought,” the analyst added. The analyst argued that the company’s fundamentals notably include upside drivers that could boost estimates from Wall Street and Barclays analysts over the next two years, even without significant changes to the model. Additionally, Sergott highlighted West Pharma’s ( WST ) experienced leadership, including recently named CEO Michel Lagarde, who is taking the helm later this year, and CFO Bob McMahon, who joined the company last year. “As such, we see the potential for WST to become a much larger and diversified organization over the next few years, given untapped balance sheet capacity that provides management with plenty of capital deployment optionality,” the analyst added, raising his price target to $400 from $310. More on West Pharmaceutical West Pharmaceutical Services, Inc. (WST) Presents at 46th Annual William Blair Growth Stock Conference - Slideshow West Pharmaceutical Services, Inc. (WST) Presents at 46th Annual William Blair Growth Stock Conference Prepared Remarks Transcript West Pharmaceutical Services, Inc. (WST) Presents at Bank of America Global Healthcare Conference 2026 Transcript These 10 large-cap U.S. healthcare companies carry the market's most expensive valuations West Pharmaceutical Services names Michel Lagarde as next CEO, effective Aug. 31
Worawith Ounpeng/iStock via Getty Images Executive summary The Nationwide Loomis Core Bond Fund (IS share class) outperformed the Bloomberg US Aggregate Bond Index -0.04% versus -0.05% for the quarter. The Fund's securitized and government related holdings were the largest contributors to performance for the quarter. The Fund's securitized agency and investment grade corporate holdings were the gr...
Worawith Ounpeng/iStock via Getty Images Executive summary The Nationwide Loomis Core Bond Fund (IS share class) outperformed the Bloomberg US Aggregate Bond Index -0.04% versus -0.05% for the quarter. The Fund's securitized and government related holdings were the largest contributors to performance for the quarter. The Fund's securitized agency and investment grade corporate holdings were the greatest detractors from performance for the quarter. Market Environment The global fixed-income markets produced largely flat returns in the first three months of the year. Despite the uneven end result, bonds in fact performed well through January and February amid anticipation that the US Federal Reserve and other major central banks would continue cutting interest rates in 2026. This backdrop changed considerably in early March, when the outbreak of war in Iran caused a spike in crude oil prices and raised fears that other commodities could face shortages. Investors' concerns over increased inflation rose as a result, and the markets quickly began to factor in the likelihood that central banks would need to hold rates steady or possibly even tighten policy. Yields rose sharply (as prices fell) in response to the shifting outlook, erasing the earlier gains and offsetting the contributions from income. Investment-grade corporates posted a loss and underperformed US Treasuries in the first quarter. The asset class came under pressure from the increased inflation expectations and rise in government bond yields that followed the start of the war in Iran. In addition, the "risk-off" sentiment that accompanied the conflict fueled an increase in yield spreads off of the multi-decade low achieved in late January. Short-term corporates outpaced their longer-dated counterparts, mirroring the prevailing trend in the government bond market. Nearly every industry group lost ground in the quarter, with only independent energy, oilfield services, and refining companies recording positive...
winhorse/iStock Unreleased via Getty Images Airbus ( EADSF ) ( EADSY ) CEO Guillaume Faury said airlines are continuing to stand by their aircraft orders despite mounting pressures from higher fuel costs and disruptions tied to the conflict involving Iran, Reuters reported Tuesday. Speaking at an industry event on Tuesday, Faury said the commercial aviation sector has endured years of challenges b...
winhorse/iStock Unreleased via Getty Images Airbus ( EADSF ) ( EADSY ) CEO Guillaume Faury said airlines are continuing to stand by their aircraft orders despite mounting pressures from higher fuel costs and disruptions tied to the conflict involving Iran, Reuters reported Tuesday. Speaking at an industry event on Tuesday, Faury said the commercial aviation sector has endured years of challenges but has not shown signs of abandoning plans for fleet expansion. He said Airbus has not seen meaningful demand from customers seeking to cancel aircraft orders. Airlines around the world have been dealing with rising operating expenses as the conflict in the Middle East pushes up fuel prices and disrupts key flight routes. Many carriers have been forced to reroute aircraft around conflict zones, increasing flight times and costs. Despite those headwinds, Airbus said long-term demand for new aircraft remains intact. The company's comments suggest airlines continue to expect growth in passenger traffic and are maintaining plans to modernize and expand their fleets. For investors, Airbus' ( EADSF ) ( EADSY ) order backlog is a key indicator of future revenue and cash flow. The absence of widespread cancellations suggests airlines view current geopolitical and fuel-cost pressures as temporary rather than structural. That resilience could support aircraft manufacturers, aerospace suppliers and engine makers, even as airlines face near-term margin pressure from higher operating costs. More on Airbus SE, Boeing Boeing And Lockheed: SpaceX Hype Isn't Needed For These Buys Boeing: The Comeback Is Real, But Weak Spots Remain Boeing's Turnaround Is Real, But The Stock Already Knows It U.S. drone boat carries out first sea rescue after Apache helicopter crash near Hormuz Airbus is said to push back some plane deliveries as supply chain strains persist
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA ESG Select ETF (Symbol: SUSA) where we have detected an approximate $280.0 million dollar outflow -- that's a 6.6% decrease week ov
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA ESG Select ETF (Symbol: SUSA) where we have detected an approximate $280.0 million dollar outflow -- that's a 6.6% decrease week ov