Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the ...
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the note at 4 a.m. local time. European and US-based staff are expected to receive word early in their time zone as well, Bloomberg reported, citing an internal memo. Staff are being encouraged to work from home while the company cuts roughly 8,000 roles globally. This latest round of cuts is expected to hit Meta’s engineering and product teams in particular, and additional layoffs could come later in the year, the report added. On Monday, Meta ( META ) informed staff that some 7,000 workers have also been reassigned to newly formed teams that are focused on AI initiatives, including products and agents. More on Meta Meta's Selloff Looks Like A Major Misread Meta: Still A Mag 7 Bargain Why We Like Meta More Today Than When We First Bought It In 2018 Meta to offer rival AI chatbots limited free access to WhatsApp: report Meta will conduct May 20 layoffs in batches, announce organizational changes
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the ...
Derick Hudson Meta Platforms ( META ) has reportedly started alerting thousands of employees that they’re being laid off, part of a previously announced restructuring aimed at improving efficiency and reducing costs while investing heavily in artificial intelligence. The company began notifying workers around the world Wednesday morning, starting with employees in Asian hub Singapore, who got the note at 4 a.m. local time. European and US-based staff are expected to receive word early in their time zone as well, Bloomberg reported, citing an internal memo. Staff are being encouraged to work from home while the company cuts roughly 8,000 roles globally. This latest round of cuts is expected to hit Meta’s engineering and product teams in particular, and additional layoffs could come later in the year, the report added. On Monday, Meta ( META ) informed staff that some 7,000 workers have also been reassigned to newly formed teams that are focused on AI initiatives, including products and agents. More on Meta Meta's Selloff Looks Like A Major Misread Meta: Still A Mag 7 Bargain Why We Like Meta More Today Than When We First Bought It In 2018 Meta to offer rival AI chatbots limited free access to WhatsApp: report Meta will conduct May 20 layoffs in batches, announce organizational changes
What happens when one of the leading figures behind Reform UK's rise is pressed on climate science — and threatens to walk out of the interview? This week on Bloomberg Green's Zero podcast, host Akshat Rathi sat down with Reform UK deputy leader Richard Tice for a long and often heated conversation about net zero, fossil fuels, renewables and the evidence behind his views. At one point, he declare...
What happens when one of the leading figures behind Reform UK's rise is pressed on climate science — and threatens to walk out of the interview? This week on Bloomberg Green's Zero podcast, host Akshat Rathi sat down with Reform UK deputy leader Richard Tice for a long and often heated conversation about net zero, fossil fuels, renewables and the evidence behind his views. At one point, he declared “it’s end of podcast.” It wasn’t. (Source: Bloomberg)
At Besiktas Park on Wednesday, Emery will stand on the touchline for his sixth Europa League final in 12 years. He lost the 2019 final to Chelsea while at Arsenal, where his 18-month reign was seen as a failure. But he has more triumphs in the competition than any other manager; three with Sevilla - in 2014, 2015 and 2016 - when they beat Liverpool - before a penalty shootout victory over Manchest...
At Besiktas Park on Wednesday, Emery will stand on the touchline for his sixth Europa League final in 12 years. He lost the 2019 final to Chelsea while at Arsenal, where his 18-month reign was seen as a failure. But he has more triumphs in the competition than any other manager; three with Sevilla - in 2014, 2015 and 2016 - when they beat Liverpool - before a penalty shootout victory over Manchester United with Villarreal in 2021. Emery, though, insists that will mean nothing come kick-off against their Bundesliga rivals. "I am not a king in this competition," he said. "I am now here with Aston Villa in a new chapter. Everything I did is done and of course it's there in that moment but with it I am not winning. "I need to win [in Turkey] with the players we have now, with Villa now. So now it's a new way, a new moment, and hopefully a new era. "If you are not respecting the opponent, you are closer to losing. If you are not respecting Europe, like we did during the process, we are not here. This is the strong mentality we had before. "We have a huge challenge, a huge challenge. Are we thinking about the next party on Friday? No, no." The former Paris St Germain boss has managed 115 games in the Europa League, winning 71, and his best win rate in the competition is his 85.7% with Villa. Those wins are a competition record. And since the start of 2023-24, no side has won more European matches than Villa's tally of 26. Emery - bizarrely overlooked in the Premier League's Manager of the Season nominations - spoke to his players on Saturday morning, a debrief following Friday's 4-2 win over Liverpool which sealed Champions League qualification. He also reminded them about the journey the club has been on since he replaced Steven Gerrard in late 2022 - a Europa Conference League semi-final, a Champions League quarter-final and two top-five finishes. Emery has needed a way with words at times, refusing to lay into his players at half-time during the abject defeat by Totten...
Alexis Crow, Partner & Chief Economist at PwC US, discusses the recent bond market volatility and concerns over rising inflation from elevated energy costs. She speaks with Yvonne Man and Avril Hong on Bloomberg’s The China Show. (Source: Bloomberg)
Alexis Crow, Partner & Chief Economist at PwC US, discusses the recent bond market volatility and concerns over rising inflation from elevated energy costs. She speaks with Yvonne Man and Avril Hong on Bloomberg’s The China Show. (Source: Bloomberg)
WHO chief concerned over 'scale and speed' of Ebola outbreak toggle caption Dirole Lotsima Dieudonne/AP BUNIA, Congo — The head of the World Health Organization on Tuesday expressed concern over the "scale and speed" of an outbreak of a rare type of Ebola known as Bundibugyo in eastern Congo, where authorities reported 134 suspected deaths and more than 500 suspected cases. The virus spread undete...
WHO chief concerned over 'scale and speed' of Ebola outbreak toggle caption Dirole Lotsima Dieudonne/AP BUNIA, Congo — The head of the World Health Organization on Tuesday expressed concern over the "scale and speed" of an outbreak of a rare type of Ebola known as Bundibugyo in eastern Congo, where authorities reported 134 suspected deaths and more than 500 suspected cases. The virus spread undetected for weeks after the first known death as authorities tested for a more common type of Ebola and came up negative, health experts and aid workers said. The Bundibugyo virus has no approved medicines or vaccines. In Bunia, the site of the first known death, health workers in protective gear moved among residents wearing fabric masks. "I know the consequences of Ebola, I know what it's like," said a worried resident, Noëla Lumo. Congo was expecting shipments from the United States and Britain of an experimental vaccine for different types of Ebola, developed by researchers at Oxford, said Jean-Jacques Muyembe, a virus expert at the National Institute of Biomedical Research. Sponsor Message "We will administer the vaccine and see who develops the disease," he said. But experts said such efforts would take time. WHO Director-General Tedros Adhanom Ghebreyesus said he was "deeply concerned about the scale and speed of the epidemic," and pointed to the emergence of cases in urban areas, the deaths of healthcare workers and significant population movement. In Congo, 30 cases have been confirmed, Tedros later told a meeting of the U.N. health agency's emergency committee. He said neighboring Uganda has informed the WHO of two confirmed cases including a death in its capital, Kampala, among people who had traveled from Congo. WHO expects the outbreak to last for months at least WHO has declared the Ebola outbreak a public health emergency of international concern, requiring a coordinated response. Resources were being rushed to two affected provinces near Uganda. Parts of easter...
Thai Noipho/iStock via Getty Images At a glance Performance The Fund returned 5.54% and the Russell Midcap® Value Index returned 3.68%. Contributors/detractors Stock selection in the materials and financials sectors contributed to relative performance. Stock selection and an underweight in energy detracted. Stock selection in healthcare also was detrimental. Outlook We believe our focus on high-qu...
Thai Noipho/iStock via Getty Images At a glance Performance The Fund returned 5.54% and the Russell Midcap® Value Index returned 3.68%. Contributors/detractors Stock selection in the materials and financials sectors contributed to relative performance. Stock selection and an underweight in energy detracted. Stock selection in healthcare also was detrimental. Outlook We believe our focus on high-quality balance sheets and earnings growth opportunities will work to our advantage in a less certain environment. Investment environment • Mid-cap value stocks ended the quarter higher despite a broader market decline. Equities started the quarter with moderate gains, supported by resilient economic growth. Volatility increased in March, after war in the Middle East drove oil prices over $100 per barrel, raisings fears of inflation and slower economic growth. • Value stocks outperformed growth stocks for the quarter. Energy stocks were strong performers, while investors generally favored defensive stocks over cyclical names. • The increase in volatility following the start of the Iran war did not reflect much difference in performance between higher-quality and lower-quality companies. Instead, individual stock performance has been driven more by the perceived sensitivity of the business to commodity prices and cyclical pressures. Portfolio review U.S. -based global energy company ConocoPhillips ( COP ) was a top positive contributor to the portfolio's relative performance, as shares rose on expectations for higher oil prices and a stronger profits outlook. The company offers strong production visibility, and it is using its better-than-expected free-cash-flow growth to pay down debt. The war in Iran and resulting supply impacts for Middle East chemical producers provided a tailwind for Westlake ( WLK ), another relative contributor. Westlake is a low-cost supplier of petrochemicals, PVC pipe, and other residential building products. It has faced business headwinds in recent...
In this article US10Y .IXIC .SPX Follow your favorite stocks CREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) during the opening bell in New York, on May 11, 2026. Angela Weiss | Afp | Getty Images Global stock markets have been on a tear in 2026, extending last year's rally as traders look through geopolitical turmoil and inflation fears. But bond markets are ...
In this article US10Y .IXIC .SPX Follow your favorite stocks CREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange (NYSE) during the opening bell in New York, on May 11, 2026. Angela Weiss | Afp | Getty Images Global stock markets have been on a tear in 2026, extending last year's rally as traders look through geopolitical turmoil and inflation fears. But bond markets are painting a different picture — and the growing divergence is ringing alarm bells for some investors. While many major stock indexes have erased losses incurred at the start of the Iran war, government bonds have largely taken a more cautious approach, continuing to price in higher inflation and widespread interest rate hikes. In the U.S., for example, the S&P 500 — up 7.4% year-to-date — has risen almost 7% since the conflict began in late February. The S&P 500 and the Nasdaq Composite hit new all-time highs last week, but rising bond yields have put stocks under pressure in recent days, causing both indexes to pull back from the rally. Stock Chart Icon Stock chart icon S&P 500 The bond market, however, looks far less sanguine, with the yield on the benchmark U.S. 10-year Treasury surging around 70 basis points higher over the course of the war as the value of the notes fell. Stock Chart Icon Stock chart icon U.S. 10-year Treasury That divergence is also visible in markets beyond the U.S. The MSCI World Ex USA index has clawed back a lot of its wartime losses, and is now down by around 3% from the start of the conflict. At its low around one month into the war, the index had shed almost 9%. At the same time, the FTSE World Government Bond index — a measure of sovereign debt from more than 20 countries — has seen an aggregated rise in yields of about 55 basis points. Bond yields and prices move in opposite directions. Various developed economy markets have demonstrated a similar pattern of rising optimism in equity markets, while macroeconomic concerns put pressure on sovere...
When considering the bigger picture, the most significant part of the one-day international series against New Zealand was the arrival of 18-year-old spinner Tilly Corteen-Coleman on the international stage. That she looked so at ease on debut in Chester-le-Street, while able to admit she could have bowled better, was a major boost to Edwards, who has long talked up the spinner's talents. Her emer...
When considering the bigger picture, the most significant part of the one-day international series against New Zealand was the arrival of 18-year-old spinner Tilly Corteen-Coleman on the international stage. That she looked so at ease on debut in Chester-le-Street, while able to admit she could have bowled better, was a major boost to Edwards, who has long talked up the spinner's talents. Her emergence leaves Edwards with a difficult decision. Sophie Ecclestone, fitness permitting, still appears a guaranteed starter in England's World Cup XI but who will join her in the spin attack? The other candidate is England's third left-arm spinner, Linsey Smith. Smith, a shorter, slingier spinner compared to the more Ecclestone-like Corteen-Coleman, was arguably England's best bowler at last year's 50-over World Cup and her skills of bowling in the powerplay – she bowled more than half of her World Cup overs with the new ball last autumn and took seven of her 13 wickets in that phase – are arguably even more relevant in T20s than ODIs. It would be a big call to opt for the 18-year-old but Corteen-Coleman has done her cause no harm. She took 1-18 in four overs in a T20 when 427 runs were scored during England's intra-squad camp in South Africa earlier this year. You could, of course, play all three left-armers, but that would probably mean leaving out vice-captain Charlie Dean and having a problematically long tail.
(RTTNews) - Amanat Acquisition Corp. (AMAN), on Tuesday announced the pricing of its initial public offering of 7.5 million Class A ordinary shares at $10 per share, raising $75 million. The offering is expected to close on May 20. The company granted the underwriter a 45-day option to purchase up to an additional 1.125 million Class A ordinary shares to cover over-allotments, if any. The Class A ...
(RTTNews) - Amanat Acquisition Corp. (AMAN), on Tuesday announced the pricing of its initial public offering of 7.5 million Class A ordinary shares at $10 per share, raising $75 million. The offering is expected to close on May 20. The company granted the underwriter a 45-day option to purchase up to an additional 1.125 million Class A ordinary shares to cover over-allotments, if any. The Class A ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "AMAN" on May 19. The special purpose acquisition company said it intends to focus on merger opportunities in healthcare or healthcare-related industries. On Tuesday, Amanat Acquisition closed trading 0.10% higher at $10.01 on the Nasdaq. In the after-hours, the stock further traded 1.50% higher at $10.16. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Global investors expect the Indian rupee to weaken further, with some even gaming out scenarios where the currency falls to an unprecedented 100 per dollar. Firms including Aberdeen Investments, MetLife Investment Management and Gamma Asset Management SA say the rupee hitting three digits versus the greenback remains a possibility, as a prolonged stalemate in the US-Iran war pushes up India’s oil ...
Global investors expect the Indian rupee to weaken further, with some even gaming out scenarios where the currency falls to an unprecedented 100 per dollar. Firms including Aberdeen Investments, MetLife Investment Management and Gamma Asset Management SA say the rupee hitting three digits versus the greenback remains a possibility, as a prolonged stalemate in the US-Iran war pushes up India’s oil import bill and drives investors toward the greenback. “The rupee remains vulnerable to further depreciation, and 100 against the dollar is an important psychological threshold that investors will increasingly focus on,” said Rajeev De Mello , global macro portfolio manager at Gamma Asset. “The most immediate catalyst for a break of the level would be another leg higher in oil prices.” The rupee was already under pressure before the Middle East conflict began, weighed down by widening external balances and foreign fund outflows. The oil shock has since compounded the pressures, stoking speculation over how far the currency could fall. For global funds invested in Indian equities and bonds, currency losses can quickly erode local gains. They have bought just $1.3 billion of local index-eligible debt so far in 2026, while pulling a record $23 billion from stocks. Talk of the rupee weakening to 100 gathered pace after it slid through 95 and then 96 in rapid succession. On Wednesday, the currency fell close to the 97 mark, before the central bank stepped in to trim losses, traders said. The unit has dropped over 7% year-to-date — well above the 3% to 4% annual depreciation rate that the central bank has flagged as normal given India’s higher inflation relative to peers. Read More: Here’s a Look at India’s Measures to Stem Hit From Oil Shock Bank economists are revising their forecasts as pressure on the rupee mounts. Kotak Mahindra Bank now sees the currency trading between 93 and 99 per dollar. Australia and New Zealand Banking Group expects the rupee to weaken to 97.5 by year...
Woodside CEO and Managing Director Liz Westcott discusses her concerns about the energy crunch sparked by the war in Iran. She speaks with Paul Allen from the sidelines of the Australian Energy Producers Conference in Adelaide. (Source: Bloomberg)
Woodside CEO and Managing Director Liz Westcott discusses her concerns about the energy crunch sparked by the war in Iran. She speaks with Paul Allen from the sidelines of the Australian Energy Producers Conference in Adelaide. (Source: Bloomberg)
Akamai Technologies ( AKAM ) has priced its private offering of $1.5B in aggregate principal amount of 0% convertible senior notes due 2030 and $1.5B in aggregate principal amount of 0% convertible senior notes due 2032. In addition, Akamai ( AKAM ) has granted the initial purchasers for the offering an option to purchase up to an additional $250M in aggregate principal amount of the 2030 notes an...
Akamai Technologies ( AKAM ) has priced its private offering of $1.5B in aggregate principal amount of 0% convertible senior notes due 2030 and $1.5B in aggregate principal amount of 0% convertible senior notes due 2032. In addition, Akamai ( AKAM ) has granted the initial purchasers for the offering an option to purchase up to an additional $250M in aggregate principal amount of the 2030 notes and an additional $250M in aggregate principal amount of the 2032 notes, in each case, on the same terms and conditions. The sale of the notes is expected to close on May 22, 2026. The offering was upsized from the previously announced offering of $1.3B in aggregate principal amount of the 2030 notes and $1.3B in aggregate principal amount of the 2032 notes. More on Akamai Akamai: Security And Cloud Computing To Reaccelerate Growth Akamai Technologies Cements Itself As An AI Beneficiary Akamai Technologies, Inc. (AKAM) Q1 2026 Earnings Call Transcript Biggest stock movers Tuesday: AGYS, AKAM, CBRS, and more Stocks to watch on Monday after hours: AKAM, INSE, SB
Viavi Solutions ( VIAV ) announced a public offering of 11.11M shares of its common stock at $45.00 per share, aiming for gross proceeds of about $500M. The offering is set to close on May 21, 2026, pending usual closing conditions. VIAVI has given underwriters a 30-day option to buy up to an additional 1.67M shares at the public price, minus underwriting fees. All shares in the offering will be s...
Viavi Solutions ( VIAV ) announced a public offering of 11.11M shares of its common stock at $45.00 per share, aiming for gross proceeds of about $500M. The offering is set to close on May 21, 2026, pending usual closing conditions. VIAVI has given underwriters a 30-day option to buy up to an additional 1.67M shares at the public price, minus underwriting fees. All shares in the offering will be sold by VIAVI. The company plans to use the net proceeds to repay its $450M Term Loan B, with any extra funds allocated for working capital or other general corporate needs. Stifel and Needham & Company are joint book-running managers, while UBS Investment Bank is a bookrunner, with additional co-managers including B. Riley Securities and others. More on Viavi Solutions Viavi Solutions: Too Much Data Center Hype, Not Enough Growth In Profitability Viavi Solutions Inc. 2026 Q3 - Results - Earnings Call Presentation Viavi Solutions Inc. (VIAV) Q3 2026 Earnings Call Transcript VIAVI announces proposed $500M stock offering Best-performing large-cap stocks YTD: Applied Optoelectronics, Bloom Energy, DigitalOcean
Chinese lidar maker Hesai’s co-founder and CEO David Li says its partnership with Mercedes‑Benz is a key milestone, saying it would move into production and scale across multiple models. He also says sectors like humanoid robotics are increasingly adopting its sensors, underscoring long-term growth potential. (Source: Bloomberg)
Chinese lidar maker Hesai’s co-founder and CEO David Li says its partnership with Mercedes‑Benz is a key milestone, saying it would move into production and scale across multiple models. He also says sectors like humanoid robotics are increasingly adopting its sensors, underscoring long-term growth potential. (Source: Bloomberg)
Toro ( TTC ) declares $0.39/share quarterly dividend , in line with previous. Forward yield 1.75% Payable July 10; for shareholders of record June 16; ex-div June 16. See TTC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Toro The Toro Company: Professional Strength, AMP Savings And Reasonable Valuations Should Drive Upside The Toro Company 2026 Q1 - Results - Earnings Call Presentati...
Toro ( TTC ) declares $0.39/share quarterly dividend , in line with previous. Forward yield 1.75% Payable July 10; for shareholders of record June 16; ex-div June 16. See TTC Dividend Scorecard, Yield Chart, & Dividend Growth. More on Toro The Toro Company: Professional Strength, AMP Savings And Reasonable Valuations Should Drive Upside The Toro Company 2026 Q1 - Results - Earnings Call Presentation The Toro Company (TTC) Q1 2026 Earnings Call Transcript Toro Q1 2026 Earnings Preview Seeking Alpha’s Quant Rating on Toro
CubeSmart ( CUBE ) declares $0.53/share quarterly dividend , in line with previous. Forward yield 5.44% Payable July 15; for shareholders of record July 1; ex-div July 1. See CUBE Dividend Scorecard, Yield Chart, & Dividend Growth. More on CubeSmart CubeSmart (CUBE) Q1 2026 Earnings Call Transcript CubeSmart Is A Strong Buy CubeSmart: A Historically High Yield, But Still A Hold CubeSmart signals g...
CubeSmart ( CUBE ) declares $0.53/share quarterly dividend , in line with previous. Forward yield 5.44% Payable July 15; for shareholders of record July 1; ex-div July 1. See CUBE Dividend Scorecard, Yield Chart, & Dividend Growth. More on CubeSmart CubeSmart (CUBE) Q1 2026 Earnings Call Transcript CubeSmart Is A Strong Buy CubeSmart: A Historically High Yield, But Still A Hold CubeSmart signals gradual improvement in 2026 with $250M CBRE IM joint venture mandate CubeSmart FFO of $0.63 in-line, revenue of $281.93M beats by $3.58M