Rawpixel/iStock via Getty Images Investment Outlook Wipro Limited ( WIT ) reported FQ3 2026 financial results , missing revenue but meeting EPS consensus estimates. I previously analyzed WIT in June 2025 with a Sell outlook due to declining revenue and client ramp-downs. Forward revenue is still expected to decline, and clients remain focused on less lucrative cost-takeout work rather than high-va...
Rawpixel/iStock via Getty Images Investment Outlook Wipro Limited ( WIT ) reported FQ3 2026 financial results , missing revenue but meeting EPS consensus estimates. I previously analyzed WIT in June 2025 with a Sell outlook due to declining revenue and client ramp-downs. Forward revenue is still expected to decline, and clients remain focused on less lucrative cost-takeout work rather than high-value-added transformational projects. While management is focused on shifting the firm’s focus toward GenAI capabilities and offerings, soft client demand keeps me pessimistic on the company's prospects in the near term, so I remain a Sell on WIT. Wipro’s Market And Approach Wipro generates its revenue from a combination of consulting, IT services and business process outsourcing income across a number of verticals and global regions. The pie chart below shows the company's revenue contribution by region, with the Americas representing the strong majority of revenue: SEC The firm also generates a high percentage of revenue by industry from the BFSI (Banking, Financial Services, Insurance) vertical. WIT’s main service offering categories are: Consulting IT services Business process outsourcing Government services Product engineering & design Other. The 2024 global market for software consulting was around $350 billion in size and was expected to surpass $1.1 trillion by 2034, per a market research report by Precedence Research. If achieved, this growth rate would equal a CAGR of 12.6% from 2025 to 2034, which is a fairly strong growth rate for an already large industry. The main drivers for this forecasted growth are continued demand by organizations for efficiency improvements to their IT systems; also, the SMB market is expected to grow at the highest growth rate through 2034. The North America region accounted for the highest market share in 2023, followed by Europe and the Asia Pacific region, as the chart shows here: Precedence Research Substantial competitors and other ...
Rithm Capital announced today that its Board of Directors has declared its first quarter 2026 common and preferred stock dividends. "Today's announcement marks our 52nd consecutive quarterly dividend since our founding in 2013, reflecting the consistency of our earnings and dis
Rithm Capital announced today that its Board of Directors has declared its first quarter 2026 common and preferred stock dividends. "Today's announcement marks our 52nd consecutive quarterly dividend since our founding in 2013, reflecting the consistency of our earnings and dis
smshoot/iStock via Getty Images The U.S. economic slowdown is becoming “more extreme,” according to Jim Paulsen, former chief investment strategist at the Leuthold Group, who argues that the weakening fundamentals may soon force the Federal Reserve’s hand on interest rates. Despite oil prices ( CL1:COM ), ( CO1:COM ) that have risen, and persistent inflation fears tied to the Iran conflict, Paulse...
smshoot/iStock via Getty Images The U.S. economic slowdown is becoming “more extreme,” according to Jim Paulsen, former chief investment strategist at the Leuthold Group, who argues that the weakening fundamentals may soon force the Federal Reserve’s hand on interest rates. Despite oil prices ( CL1:COM ), ( CO1:COM ) that have risen, and persistent inflation fears tied to the Iran conflict, Paulsen suggested the economy’s underlying weakness is the more pressing concern for investors and policymakers alike. In an interview with CNBC, Paulsen acknowledged the difficulty investors face in assessing risks from the ongoing war. “No one knows how this is going to go,” he said, noting that while a prolonged conflict would be “very detrimental for stocks and bonds,” there’s also significant risk in sitting on the sidelines if a quick resolution emerges. The strategist emphasized that the market presents risks on both sides of the trade. Paulsen offered perspective on the current oil price spike, with West Texas Intermediate ( CL1:COM ) at $88—up roughly 35% over the past year. He noted this increase is among the smaller oil-induced inflation spikes of the last four decades, and critically, it’s occurring when real GDP growth sits at just 2% with productivity at 2.5%. “That’s the most disinflationary growth you can have,” Paulsen explained. “I wonder if it might be a little less than we expected” in terms of inflationary fallout. The strategist highlighted an irony in market sentiment: despite last year’s fears about tariff-induced inflation, the CPI actually fell from 3% to 2.4%, yet many investors missed the market’s gains because they were “scared away.” Now, he suggested, the same pattern may be repeating with oil-driven inflation concerns dominating the conversation while underlying economic weakness tells a different story. Paulsen declared himself a “bond buyer,” pointing out that the 10-year yield ( US10Y ) has risen only 15 to 20 basis points from year-end levels d...
SergeyChayko/iStock via Getty Images By Zain Vawda Data from the ONS showed the UK's annual inflation rate held firm at 3% in February 2026 , matching the previous month's figure and meeting market expectations. This consistency marks a continued period of relative stability, with inflation remaining at its lowest point since March 2025. While the headline figure remained unchanged, the underlying...
SergeyChayko/iStock via Getty Images By Zain Vawda Data from the ONS showed the UK's annual inflation rate held firm at 3% in February 2026 , matching the previous month's figure and meeting market expectations. This consistency marks a continued period of relative stability, with inflation remaining at its lowest point since March 2025. While the headline figure remained unchanged, the underlying data revealed shifting price pressures across various sectors. Source: TradingEconomics Primary Drivers of Price Growth The most significant upward pressure came from the clothing and footwear sector, which saw prices climb by 0.9%. This represents the first increase in four months, largely driven by the seasonal arrival of new spring collections following the conclusion of January sales. Additionally, costs for housing and utilities experienced a slight acceleration, rising to 4.6% from 4.5% in January. Sectors Seeing a Slowdown Conversely, several categories helped keep the headline rate in check: Transport: Prices slowed to 2.4% (down from 2.7%), primarily due to a drop in motor fuel costs. Petrol prices fell by 1.6 pence per litre this month, a sharp contrast to the 2.0 pence per litre increase seen during the same period last year. Essential Goods and Leisure: Food inflation eased to 3.3%, while recreation and culture slowed slightly to 2.5% . Hospitality and Services: Costs for restaurants and hotels cooled to 4%, and the closely watched services inflation rate ticked down to 4.3%. Overall, the data suggests a balancing act where rising retail and housing costs are being offset by cheaper fuel and a gradual cooling in service and food prices. Inflation expectations soar on Iran war fears The Bank of England (BoE) faces an increasingly complex policy environment as new data released on Tuesday revealed a surge in public inflation expectations. This shift in sentiment compounds an already difficult situation for policymakers, as manufacturers have reported their sharpe...
At his company's recent Annual Product Expo, Nvidia (NASDAQ: NVDA) CEO Jensen Huang predicted that Nvidia's artificial intelligence (AI) processors would generate $1 trillion in sales through 2027. Obviously, Nvidia is one way to play that sales potential. But Nvidia is already the world's most valuable company by market cap. Everybody knows the story with Nvidia. But there's a less prominent stoc...
At his company's recent Annual Product Expo, Nvidia (NASDAQ: NVDA) CEO Jensen Huang predicted that Nvidia's artificial intelligence (AI) processors would generate $1 trillion in sales through 2027. Obviously, Nvidia is one way to play that sales potential. But Nvidia is already the world's most valuable company by market cap. Everybody knows the story with Nvidia. But there's a less prominent stock that I think will become one of the biggest beneficiaries of the company's $1 trillion sales projection. Continue reading
Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network fo...
Meta To Lay Off Hundreds Of Workers Today As AI Pivot Accelerates Meta Platforms is laying off a few hundred employees today as its workforce restructuring continues, following years of terrible metaverse bets and overhiring during the Covid era. Reports of another round of layoffs surfaced earlier this month, and just last week, Meta shut down Horizon Worlds, its virtual reality social network for Quest headsets. The Information reports that a few hundred employees will be let go today as part of the company's effort to reposition itself in the AI space. People familiar with the workforce restructuring say a majority of the cuts will focus on staff in Reality Labs, social media teams, recruiting, and a smaller number of sales roles. “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals. Where possible, we are finding other opportunities for employees whose positions may be impacted," a Meta spokesperson told the outlet. In mid-March, Reuters reported that a new round of layoffs at Meta was imminent and would reduce the workforce by 20%. The outlet said that the workforce restructuring is intended to redirect capital flows toward AI infrastructure. The latest Bloomberg data show Meta's total workforce at the end of 2025 was about 79,000. Any layoffs today would amount to only a quarter of a percent. Meta CEO Mark Zuckerberg has been downsizing the workforce since the 2022–23 "year of efficiency" layoffs. Shares of Meta peaked in August 2025 at around $790 and have since been locked in a bear market, down around 25%. The reason for Meta's underperformance can be found in our note on Tuesday titled "What's The Matter With Meta: Goldman Explains The Stock's Ongoing Slump." Tyler Durden Wed, 03/25/2026 - 12:05
"There is an America that is more free — where there's more equality, where there is more justice, where there is less bigotry — and I think it's waiting for us," says lawyer Bryan Stevenson.
"There is an America that is more free — where there's more equality, where there is more justice, where there is less bigotry — and I think it's waiting for us," says lawyer Bryan Stevenson.
Sundry Photography/iStock Editorial via Getty Images Cintas ( CTAS ) reported results that topped Wall Street expectations for revenue and met profit forecasts, though shares slipped about 1% by mid-day in New York trading Wednesday. Fiscal third-quarter revenue was $2.84 billion for the quarter ended Feb. 28, exceeding the consensus estimate of $2.82 billion and rising 8.9% from $2.61 billion a y...
Sundry Photography/iStock Editorial via Getty Images Cintas ( CTAS ) reported results that topped Wall Street expectations for revenue and met profit forecasts, though shares slipped about 1% by mid-day in New York trading Wednesday. Fiscal third-quarter revenue was $2.84 billion for the quarter ended Feb. 28, exceeding the consensus estimate of $2.82 billion and rising 8.9% from $2.61 billion a year earlier. Organic revenue growth, which excludes acquisitions and currency impacts, was 8.2%. Net income rose to $502.5 million, or $1.24 a share, in line with Wall Street’s estimate, from $463.5 million, or $1.13 a share, a year earlier. Gross margin improved to 51.0%, an all-time high, up from 50.6% a year earlier, reflecting pricing strength and operational efficiency. Operating income increased 8.2% to $659.9 million, though operating margin edged slightly lower to 23.2% from 23.4% in the prior year period. CEO highlights growth, momentum “We delivered another successful quarter with record revenues and strong operating margins,” Todd Schneider, president and chief executive officer of Cintas ( CTAS ), said in the earnings announcement. He added that organic growth and record margins across its route-based businesses reflect continued investment in technology, capacity and talent. Acquisition and outlook in focus Cintas ( CTAS ) also pointed to its planned acquisition of UniFirst as a key strategic move, saying it expects the transaction to create meaningful value for shareholders and customers. The company raised its full-year fiscal 2026 outlook, projecting revenue of $11.21 billion to $11.24 billion and adjusted diluted earnings per share of $4.86 to $4.90, excluding transaction-related costs tied to the UniFirst deal. Capital returns and balance sheet activity Cintas ( CTAS ) returned $1.45 billion to shareholders through dividends and share buybacks in the first nine months of the fiscal year, underscoring its ongoing capital allocation strategy. Despite solid f...
Money-off vouchers won’t do. Instead, the government needs to offer a lasting vision for energy security – because we already know what Reform’s is In a time of fear, heroes must rise. There’s a gathering storm rattling at the windows, tearing through the family WhatsApp groups. Use your air fryer instead of the oven. Book your summer holiday now to avoid spiralling flight costs. Colin, a caller o...
Money-off vouchers won’t do. Instead, the government needs to offer a lasting vision for energy security – because we already know what Reform’s is In a time of fear, heroes must rise. There’s a gathering storm rattling at the windows, tearing through the family WhatsApp groups. Use your air fryer instead of the oven. Book your summer holiday now to avoid spiralling flight costs. Colin, a caller on LBC, has heard a rumour (the radio phone-in equivalent of “forwarded many times”) that there are abundant oil and gas reserves off the Falkland Islands and wants the government to fund an expedition to go and get them. Meanwhile, Ed Miliband has been on TikTok , patiently explaining to his 26,800 followers what the government is doing to protect you from the coming war-flavoured price shock. Energy bills are coming down in April. There’s a £50m heating oil fund for poorer households. Fuel duty is being frozen until September. There are unspecified “measures to advance our plans for clean power”. And, of course, the government is “working with our allies to bring this conflict to an end”, which definitely seems to be doing the trick so far. Jonathan Liew is a Guardian columnist Continue reading...
Low morale, staff turnover and budget issues have sapped the Centers for Disease Control and Prevention. The administration is expected to soon name a new director, who will have their hands full. (Image credit: Jessica McGowan)
Low morale, staff turnover and budget issues have sapped the Centers for Disease Control and Prevention. The administration is expected to soon name a new director, who will have their hands full. (Image credit: Jessica McGowan)
She has survived heartbreak, death threats and nauseating sexism. In her Mayfair club, the Yorkshire star talks about superfans, viral hits, running away to sea – and her bid to become a Nashville icon Whatever else has changed for Jane McDonald, between the working mens’ clubs the cruise ships and the arenas she is increasingly packing out, one thing has remained. It’s there on TV, where she rema...
She has survived heartbreak, death threats and nauseating sexism. In her Mayfair club, the Yorkshire star talks about superfans, viral hits, running away to sea – and her bid to become a Nashville icon Whatever else has changed for Jane McDonald, between the working mens’ clubs the cruise ships and the arenas she is increasingly packing out, one thing has remained. It’s there on TV, where she remains the only Bafta-winning broadcaster liable to go full Cilla and break into song: she plays to the women. “Never acknowledge the men,” she advises cheerfully. There are a lot of husbands. “And they’re like, ‘Oh God …’” She pulls a face. “‘Jane McDonald.’” Increasingly, however, her audiences may not contain many straight men: her social media-led renaissance as an icon of northern high camp means she will perform at London queer festival Mighty Hoopla this summer. I meet McDonald at her members’ club in Mayfair on the morning she releases her 12th album, Living the Dream. At the age of 62, she’s gone country. Recorded at the elite Blackbird Studios in Nashville – Coldplay and Taylor Swift have recorded there – she is dealing in unabashedly big country flavours. Less Cilla, more Shania. Continue reading...
Some gen Z men are using the term to describe an easy meal consisting of ground beef, rice, and a vegetable or fat Recently, after a long day of sending emails, I assembled a bowl of food I had prepared over the weekend: brown rice, ground turkey and half an avocado, all drizzled in hot sauce. As I snarfed my meal on the couch, my husband peeked into my bowl and said: “Having some boy kibble?” It ...
Some gen Z men are using the term to describe an easy meal consisting of ground beef, rice, and a vegetable or fat Recently, after a long day of sending emails, I assembled a bowl of food I had prepared over the weekend: brown rice, ground turkey and half an avocado, all drizzled in hot sauce. As I snarfed my meal on the couch, my husband peeked into my bowl and said: “Having some boy kibble?” It turns out he was not just making a rude comment about my slop. On social media, health-conscious gen Z men have started using the term to describe a quick and easy meal: ground beef, rice, and sometimes a vegetable or fat. The brown, lumpy concoction is praised by gym bros as an easy, relatively cheap way to get the carbs and protein necessary to maximize their workout gains . Salmon with rice and vegetables Greek yogurt with fruit and granola Eggs with whole grain toast and avocado Stir-fry with tofu, vegetables, buckwheat noodles, and crushed nuts and sesame seeds A whole grain wrap filled with black beans, guacamole, veggies, cheese and salsa Whole grain pasta with turkey meatballs, zucchini spirals, olives, parmesan cheese and tomato sauce Continue reading...
US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says The US has caused an eye-watering $10tn in global damages to the world over the past three decades through its vast planet-heating emissions , with a quarter of this economic pain inflicted upon itself, new research has found. By being the largest carbon emitter in history, the ...
US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says The US has caused an eye-watering $10tn in global damages to the world over the past three decades through its vast planet-heating emissions , with a quarter of this economic pain inflicted upon itself, new research has found. By being the largest carbon emitter in history, the US has caused greater harm to worldwide economic growth than any other country, ahead of China, now the world’s largest emitter that is responsible for $9tn in GDP damage since 1990, according to the findings of the paper. Continue reading...
Research suggests hunter-gatherers were feeding dogs and giving them ritual burials as early as the last ice age They are humankind’s best friend, and now ancient DNA analysis has revealed that the enduring bond between dogs and humans dates back more than 15,000 years. The groundbreaking research, published in the journal Nature, pushes back the oldest genetic evidence for domestic dogs by 5,000 ...
Research suggests hunter-gatherers were feeding dogs and giving them ritual burials as early as the last ice age They are humankind’s best friend, and now ancient DNA analysis has revealed that the enduring bond between dogs and humans dates back more than 15,000 years. The groundbreaking research, published in the journal Nature, pushes back the oldest genetic evidence for domestic dogs by 5,000 years, revealing that hunter-gatherers were feeding the animals and giving them ritual burials long before the emergence of agriculture. Continue reading...
Sony Group Corp. introduced a new midrange 4K TV and several home theater audio products, going about business as usual even as it nears a deal to sell a majority stake in its home entertainment business to China’s TCL Electronics Holdings Ltd. The two competitors have yet to enter into a definitive agreement, so for now Sony is moving forward with its planned hardware announcements. But consumers...
Sony Group Corp. introduced a new midrange 4K TV and several home theater audio products, going about business as usual even as it nears a deal to sell a majority stake in its home entertainment business to China’s TCL Electronics Holdings Ltd. The two competitors have yet to enter into a definitive agreement, so for now Sony is moving forward with its planned hardware announcements. But consumers may have reason to be cautious, as it is not clear how TCL will approach software updates and long-term support for legacy Sony models. The new TV, called the Bravia 3 II, doesn’t match the picture quality of Sony’s higher-end sets because it uses older, less versatile backlighting technology. But it does have one distinct advantage over pricier models: It’s the first Sony television with four HDMI 2.1 ports, meaning users can plug in game consoles like Sony’s own PlayStation 5 and still experience fluid gameplay with a fast 120-hertz refresh rate. Sony’s past TVs have usually included two HDMI 2.1 ports, with the other two limited to a slower rate of 60 hertz. The new TV starts at $600 with a 43-inch screen and tops out at $3,100 for the 100-inch model. Sony also introduced a pair of soundbars, the $870 Bravia Theater Bar 7 and the $350 Bravia Theater Bar 5, along with several new subwoofers and rear surround sound speakers. All of the products will ship later this spring. In January, TCL and Sony said they planned to set up a joint venture for Sony’s home entertainment business, including its Bravia television brand and related audio products, such as soundbars. TCL would control 51% of the venture, with Sony holding 49%. TVs would continue to be sold with Sony and Bravia branding, but they would use TCL display technology. The companies have made progress in negotiations and seek to announce a transaction as soon as this month, Bloomberg reported earlier this week. Read More: Sony Is Said to Near $1 Billion Home Entertainment Deal With TCL If the deal is finalized, the ...