Australia’s corporate regulator is suing Equity Trustees Superannuation Ltd. over its role in a failed investment fund that has impacted thousands of retirement savers. The Australian Securities and Investments Commission alleges Equity Trustees didn’t obtain critical information — including audited financial accounts — before allowing the now-collapsed First Guardian Master Fund to be offered on ...
Australia’s corporate regulator is suing Equity Trustees Superannuation Ltd. over its role in a failed investment fund that has impacted thousands of retirement savers. The Australian Securities and Investments Commission alleges Equity Trustees didn’t obtain critical information — including audited financial accounts — before allowing the now-collapsed First Guardian Master Fund to be offered on its platform to 2,700 members. ASIC alleges members were allowed to invest despite evidence the fund may have been illiquid, a statement said on Thursday. The case is the latest in a string of actions ASIC has taken in relation to its investigations into First Guardian and another failed investment product, Shield Master Fund. Those investments attracted hundreds of millions of dollars before collapsing, according to ASIC. In December, Netwealth Group Ltd. said it would pay about A$101 million ($72 million) in compensation to more than 1,000 of its customers who invested their retirement savings into the First Guardian fund. In September, Macquarie Group Ltd. said it would pay back around A$321 million to about 3,000 of its clients who put money into the Shield fund. ASIC on Thursday said more than A$65 million was invested by 2,700 members in First Guardian between June 2023 and March 2024. The members were part of NQ Super & Pension, a division of AMG Superannuation, of which Equity Trustees acted as the trustee. Equity Trustees is a subsidiary of ASX-listed EQT Holdings Ltd. EQT said in a statement Thursday that while it was reviewing the case, it expects to defend the allegations. “The ETSL Board is committed to acting in members’ best financial interests and takes its compliance obligations seriously,” the statement said. “As with the Shield Master Fund, we believe ETSL acted in line with its fiduciary duties and obligations under the Corporations Act and Superannuation Industry (Supervision) Act. We believe that First Guardian is primarily a case of alleged and widesp...
In this article 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank Group jumped over 16% Thursday as blockbuster earnings from ...
In this article 9984.T-JP Follow your favorite stocks CREATE FREE ACCOUNT CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of SoftBank Group jumped over 16% Thursday as blockbuster earnings from Nvidia overnight signal strong momentum in the artificial intelligence space. SoftBank Group is closely tied to the AI boom through its stake in Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems. This is breaking news. Please check back for more. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
MicroStockHub/iStock via Getty Images By Elior Manier In recent days, forex markets have seen a strong increase in activity, moving away from their earlier steady trends. The confirmation of Kevin Warsh as the next Federal Reserve Chair added volatility, but today’s trading is mainly driven by a sharp drop in the US dollar. Before the recent moves in the US dollar, Antipodean currencies like the N...
MicroStockHub/iStock via Getty Images By Elior Manier In recent days, forex markets have seen a strong increase in activity, moving away from their earlier steady trends. The confirmation of Kevin Warsh as the next Federal Reserve Chair added volatility, but today’s trading is mainly driven by a sharp drop in the US dollar. Before the recent moves in the US dollar, Antipodean currencies like the New Zealand dollar and especially the Australian dollar were already among the top performers, thanks to optimism around the Iran peace talks. Today, that positive trend gained further support after President Trump announced that a diplomatic deal between the US and Iran is close to completion, easing geopolitical concerns. This breakthrough is easing pressure on global energy supply chains and causing oil prices to fall. As a result, the US dollar is weakening because the risk of war-driven inflation is fading. Lower energy costs are especially good news for oil-importing countries in the Asia-Pacific, which helps explain why the Australian dollar is leading today’s forex gains. The AUD/USD pair is also benefiting from renewed global risk appetite. Looking ahead, the focus is rapidly shifting to the critical Australian jobs report scheduled for later this evening. The market expects 17.5K new jobs, a slight slowdown from last month’s 17.9K. Overall, this slower growth is what the Reserve Bank of Australia wants after raising rates twice to cool the economy in recent meetings. A gradual slowdown in the labor market gives the RBA more flexibility, but a miss could easily see a fast-paced correction in the pair's prior bounce. The upcoming employment data will show if the Australian dollar's recent strength can continue. AUD/USD Multi-timeframe Analysis Daily Chart AUD/USD Daily Chart, May 20, 2026 – Source: TradingView AUD/USD is rebounding quite strongly on its 50-day moving average, rebounding above 600 pips since. The current daily candle still wasn't strong enough to exte...
With a market cap of $803 billion, JPMorgan has been the biggest and most influential bank in the U.S. since 2011 (and the largest in the world since 2016), but its success lies light-years away from simple deposits and withdrawals. The visionary insights of its CEO, Jamie Dimon, and astounding ...
With a market cap of $803 billion, JPMorgan has been the biggest and most influential bank in the U.S. since 2011 (and the largest in the world since 2016), but its success lies light-years away from simple deposits and withdrawals. The visionary insights of its CEO, Jamie Dimon, and astounding ...
Demand is soaring for this innovative company. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in Lument...
Demand is soaring for this innovative company. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in Lumentum right now? Before you buy stock in Lumentum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lumentum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $481,750!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,352,457!* Now, it’s worth noting Stock Advisor’s total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 20, 2026. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lumentum. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Sea Limited (NYSE: SE) is putting together an impressive push for market share. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 202...
Sea Limited (NYSE: SE) is putting together an impressive push for market share. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in Sea Limited right now? Before you buy stock in Sea Limited, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sea Limited wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $481,750!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,352,457!* Now, it’s worth noting Stock Advisor’s total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 20, 2026. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
On May 15, 2026, ADW Capital Management disclosed a new position in Stagwell (STGW 1.11%), acquiring five million shares—an estimated $27.96 million trade based on quarterly average pricing. What happened According to a SEC filing dated May 15, 2026, ADW Capital Management acquired 5,000,000 shares of Stagwell in the first quarter. The estimated transaction value was $27.96 million, calculated usi...
On May 15, 2026, ADW Capital Management disclosed a new position in Stagwell (STGW 1.11%), acquiring five million shares—an estimated $27.96 million trade based on quarterly average pricing. What happened According to a SEC filing dated May 15, 2026, ADW Capital Management acquired 5,000,000 shares of Stagwell in the first quarter. The estimated transaction value was $27.96 million, calculated using the average unadjusted closing price for the quarter. The quarter-end value of the position reached $31.45 million, reflecting both new shares acquired and market price movement. What else to know This marks a new position for the fund, with Stagwell representing 12.22% of 13F assets under management after the trade. Top five holdings after the filing: NYSE: APG: $60.06 million (26.2% of AUM) NASDAQ: DRVN: $50.44 million (22.0% of AUM) NASDAQ: STGW: $31.45 million (13.7% of AUM) NYSE: GFL: $42.14 million (18.4% of AUM) NYSE: CODI: $29.48 million (12.9% of AUM) As of Wednesday, Stagwell shares were priced at $6.22, up 24% over the past year, which is roughly in line with the S&P 500’s roughly 25% gain in the same period. Company overview Metric Value Revenue (TTM) $2.96 billion Net income (TTM) $19.05 million Market capitalization $1.5 billion Price (as of Wednesday) $6.22 Company snapshot Stagwell offers digital transformation, performance media and data, consumer insights, strategy, and creative communications services across integrated agency, media, and communications networks. The firm generates revenue through a combination of digital platform development, media buying and planning, technology products, and strategic advisory services for brands and marketers. It serves enterprise clients, in-house marketing teams, and organizations seeking technology-driven advertising and communications solutions, with a focus on digital-first engagement. Stagwell is a leading provider of digital transformation and marketing services, operating at scale with over 13,000 employees ...
matejmo/iStock via Getty Images Dear Clients and Friends, Our annual dinner was on January 29 th , and our keynote speaker was Dan Clifton from Strategas. A replay link to the presentation can be found here . For the first quarter the S&P 500 was down 4.3% and the Nasdaq was down over 7%. In our view, two distinct forces drove the decline: early-year fears about AI disruption in the software secto...
matejmo/iStock via Getty Images Dear Clients and Friends, Our annual dinner was on January 29 th , and our keynote speaker was Dan Clifton from Strategas. A replay link to the presentation can be found here . For the first quarter the S&P 500 was down 4.3% and the Nasdaq was down over 7%. In our view, two distinct forces drove the decline: early-year fears about AI disruption in the software sector, followed by the war with Iran and the closure of the Strait of Hormuz. The Strait of Hormuz carries roughly 20% of the world’s seaborne crude and liquefied natural gas (LNG). Its closure had sent Brent crude surging toward $120 per barrel, gas prices across the US to over $4 per gallon, and lowered the prospect of Federal Reserve rate cuts this year. We believe higher energy prices are deeply inflationary, crowd out spending elsewhere, and squeeze corporate margins. We have seen airlines reduce flight schedules, companies add fuel surcharges, and consumers pull back. Iran’s strike on Qatar’s Ras Laffan LNG facility has also taken roughly 17% of Qatar’s LNG export capacity offline - potentially for years - adding a longer-term dimension to this disruption. On April 7 th a ceasefire was announced. We don’t know how the situation will be resolved, but the Trump administration has a number of reasons to make the ceasefire hold. The US can claim to achieve its main objectives of degrading Iran’s military and setting back their nuclear program. We observed that the US economy was beginning to come under pressure from higher energy prices. Bipartisan support for the war seems to be waning. Finally, midterms are quickly approaching, and Republican numbers have been deteriorating. Meanwhile, we think markets have turned the corner for now as it appears the risk of the worst case economic scenario is off the table. 2026 is a Midterm Election year, and in these years the market tends to sell off at some point before the election. The good news is that since 1942 the market has been...
(RTTNews) - The Taiwan stock market has moved lower in four straight sessions, sinking almost 1.750 points or 4.3 percent along the way. The Taiwan Stock Exchange now sits just above the 40,020-point plateau although it's likely to stop the bleeding on Thursday. The global forecast for the Asian markets is broadly positive, thanks to sinking crude oil prices and support from the technology sectors...
(RTTNews) - The Taiwan stock market has moved lower in four straight sessions, sinking almost 1.750 points or 4.3 percent along the way. The Taiwan Stock Exchange now sits just above the 40,020-point plateau although it's likely to stop the bleeding on Thursday. The global forecast for the Asian markets is broadly positive, thanks to sinking crude oil prices and support from the technology sectors. The European and U.S. markets were sharply higher on Wednesday and the Asian bourses are expected to follow that lead. The TSE finished modestly lower on Wednesday following losses from the financial shares and technology stocks. For the day, the index shed 154.74 points or 0.39 percent to finish at 40,020.82 after trading between 39,967.08 and 40,439.04. Among the actives, Cathay Financial perked 0.13 percent, while Mega Financial and Asia Cement dropped 0.86 percent, CTBC Financial soared 4.33 percent, First Financial tanked 4.31 percent, Fubon Financial contracted 1.44 percent, E Sun Financial slumped 0.94 percent, Taiwan Semiconductor Manufacturing Company sank 0.91 percent, United Microelectronics Corporation plunged 4.42 percent, Hon Hai Precision tumbled 2.04 percent, Largan Precision plummeted 4.90 percent, Catcher Technology shed 0.54 percent, MediaTek rallied 2.38 percent, Novatek Microelectronics vaulted 1.39 percent, Formosa Plastics retreated 1.20 percent, Nan Ya Plastics skidded 1.10 percent and Delta Electronics was unchanged. The lead from Wall Street is strong as the major averages opened slightly higher on Wednesday but accelerated throughout the day, ending at session highs. The Dow spiked 645.47 points or 1.31 percent to finish at 50,009.35, while the NASDAQ jumped 399.65 points or 1.54 percent to end at 26,270.36 and the S&P 500 climbed79.36 points or 7,432.97. The rally on Wall Street came on a steep drop by treasuries yields, which pulled back sharply, with the yield on the benchmark ten-year note plunging from its highest levels in well over a year...
The company is reporting fantastic revenue growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in JD...
The company is reporting fantastic revenue growth. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in JD.com right now? Before you buy stock in JD.com, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and JD.com wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $481,750!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,352,457!* Now, it’s worth noting Stock Advisor’s total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 20, 2026. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends JD.com. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Paul Souders/DigitalVision via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Generation Investment Management’s 13F portfolio on a quarterly basis. It is based on Al Gore’s regulatory 13F Form filed on 05/14/2026. Please visit our Tracking Al Gore’s Generation Investment Management Portfolio series to get an idea of their investment philosop...
Paul Souders/DigitalVision via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Generation Investment Management’s 13F portfolio on a quarterly basis. It is based on Al Gore’s regulatory 13F Form filed on 05/14/2026. Please visit our Tracking Al Gore’s Generation Investment Management Portfolio series to get an idea of their investment philosophy and our previous update for the fund’s moves during Q4 2025. This quarter, Al Gore’s 13F portfolio value decreased from $14.42B to $11.16B. The number of positions decreased from 33 to 29. The top five stakes are Microsoft, Danaher, Amazon.com, Mercadolibre, and Alphabet. They account for ~49% of the total 13F portfolio value. Al Gore’s books are good precursors for anyone interested in investing based on sustainability analysis. New Stakes: Intuit Inc. ( INTU ): INTU is a 3.19% of the portfolio position established this quarter at prices between ~$349 and ~$662. The stock currently trades just below that range at ~$348. Sea Limited ( SE ): The very small 0.07% of the portfolio stake in SE was purchased during the quarter. Stake Disposals: Salesforce Inc. ( CRM ): CRM was a 5.10% of the portfolio position purchased during Q3 2025 at prices between ~$227 and ~$277. There was a ~52% stake increase during the last quarter at prices between ~$222 and ~$269. The disposal this quarter was at prices between ~$174 and ~$268. The stock currently trades at ~$180. Agilent Technologies ( A ) : Agilent was a ~4% of the portfolio position purchased during Q3 2024 at prices between ~$125 and ~$148. The next quarter saw a ~37% stake increase at prices between ~$126 and ~$146. There was a ~20% stake increase during Q1 2025 at prices between ~$114 and ~$154. The next quarter saw another ~16% stake increase at prices between ~$96 and ~$123. There was a one-third selling during the last quarter at prices between ~$128 and ~$160. The elimination this quarter was at prices between ~$110 and ~...
These are excellent companies, but only one can be the better stock to buy in this comparison. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published...
These are excellent companies, but only one can be the better stock to buy in this comparison. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » *Stock prices used were the afternoon prices of May 18, 2026. The video was published on May 20, 2026. Should you buy stock in Microsoft right now? Before you buy stock in Microsoft, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Microsoft wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $481,750!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,352,457!* Now, it’s worth noting Stock Advisor’s total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 20, 2026. Parkev Tatevosian, CFA has positions in Microsoft. The Motley Fool has positions in and recommends Apple and Microsoft. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Earnings Call Insights: Intuit (INTU) Q3 fiscal 2026 Management View "We delivered strong overall results this quarter with Q3 revenue growing 10% as we made significant progress executing on our AI-driven expert platform strategy." (CEO, President & Chairman Sasan Goodarzi) "As a result, we're raising total company guidance for revenue and all non-GAAP metrics for the full fiscal year." (CEO, Pre...
Earnings Call Insights: Intuit (INTU) Q3 fiscal 2026 Management View "We delivered strong overall results this quarter with Q3 revenue growing 10% as we made significant progress executing on our AI-driven expert platform strategy." (CEO, President & Chairman Sasan Goodarzi) "As a result, we're raising total company guidance for revenue and all non-GAAP metrics for the full fiscal year." (CEO, President & Chairman Goodarzi) "We also experienced headwinds with the most price-sensitive segment of DIY filers in TurboTax." (CEO, President & Chairman Goodarzi) "We expect TurboTax Live customers to grow 38% this year" and "we expect TurboTax Live revenue to grow 36% this year"; "TurboTax Live will, therefore, represent over half of TurboTax revenue." (CEO, President & Chairman Goodarzi) "We faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year. We lost on price." (CEO, President & Chairman Goodarzi) "We are reducing our full-time workforce by 17% to simplify our organizational structure to become a faster, leaner and more focused company." (CEO, President & Chairman Goodarzi) "Our third quarter results include revenue of $8.6 billion, up 10%; GAAP operating income of $4 billion versus $3.7 billion last year; non-GAAP operating income of $4.7 billion versus $4.3 billion last year; GAAP diluted earnings per share of $11.09 versus $10.02 a year ago; and non-GAAP diluted earnings per share of $12.80 versus $11.65 last year." (Executive VP & CFO Sandeep Aujla) Outlook "We are raising total company guidance for revenue and all non-GAAP metrics for the full fiscal year" with "total company revenue of $21.341 billion to $21.374 billion" and "non-GAAP diluted earnings per share of $23.80 to $23.85." (Executive VP & CFO Aujla) "Our guidance for the fourth quarter of fiscal 2026 includes total company revenue growth of 11% to 12%" and "non-GAAP earnings per share of $3.56 to $3.62." (Executive VP & CFO Aujla) "Guidance for GAAP metrics includes $3...
The company has also reportedly scaled back some metaverse-related efforts while increasing employee expectations around the use of AI tools in day-to-day work. Earlier this year, Zuckerberg said Meta expects to spend between $115 billion and $135 billion in 2026, with much of that investment tied to AI and data center expansion as the company competes with rivals including OpenAI , Alphabet Inc.'...
The company has also reportedly scaled back some metaverse-related efforts while increasing employee expectations around the use of AI tools in day-to-day work. Earlier this year, Zuckerberg said Meta expects to spend between $115 billion and $135 billion in 2026, with much of that investment tied to AI and data center expansion as the company competes with rivals including OpenAI , Alphabet Inc.'s Google and Anthropic . Meta had previously disclosed plans to eliminate thousands of jobs and close about 6,000 open positions as it reallocates resources toward AI infrastructure and development. Janelle Gale , Meta's head of human resources, reportedly said the new groups would operate with "AI-native" structures and leaner management layers aimed at improving efficiency and productivity. Meta informed employees on Monday that about 7,000 workers would be reassigned into four newly created AI organizations focused on building AI-powered products and tools, the New York Times reported, citing an internal memo. Meta Platforms, Inc. is reportedly reshaping its workforce around artificial intelligence by moving thousands of employees into new AI-focused divisions while simultaneously cutting roughly 8,000 jobs as CEO Mark Zuckerberg accelerates the company's massive AI ambitions. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Story Continues Photo: FotoField on Shutterstock.com Read Next: Building Wealth Across More Than Just the Market Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, ...
Tesla is navigating a sharp profit drop, price cuts and a strategic pivot toward autonomy and AI after its latest quarterly report. What the mixed signals in growth, margins and strategy could mean for shareholders. Tesla Inc is back in the spotlight after its latest quarterly earnings showed a steep profit decline and ongoing margin pressure, while management doubled down on a long-term pivot tow...
Tesla is navigating a sharp profit drop, price cuts and a strategic pivot toward autonomy and AI after its latest quarterly report. What the mixed signals in growth, margins and strategy could mean for shareholders. Tesla Inc is back in the spotlight after its latest quarterly earnings showed a steep profit decline and ongoing margin pressure, while management doubled down on a long-term pivot toward autonomous driving, AI and a next-generation vehicle platform, according to the company’s first-quarter 2026 results published on 04/23/2026 on its investor site Tesla investor relations as of 04/23/2026 and coverage by Reuters as of 04/23/2026. As of: 05/21/2026 By the editorial team – specialized in equity coverage. At a glance Name: TSLA TSLA Sector/industry: Electric vehicles, energy, technology Electric vehicles, energy, technology Headquarters/country: Austin, United States Austin, United States Core markets: North America, Europe, China North America, Europe, China Key revenue drivers: Vehicle sales, software and services, energy solutions Vehicle sales, software and services, energy solutions Home exchange/listing venue: Nasdaq (ticker: TSLA) Nasdaq (ticker: TSLA) Trading currency: US dollar (USD) Tesla Inc: core business model Tesla Inc operates as an electric vehicle and clean energy company with a focus on designing, producing and selling battery-powered cars, related software and energy solutions. Its core automotive business spans sedans, SUVs and performance models, supported by direct-to-consumer sales and a proprietary charging network, according to the company’s 2025 annual report released on 02/26/2026 on its website Tesla investor relations as of 02/26/2026. The company’s model relies on tight vertical integration, from powertrain and battery technology to software, autonomous driving systems and over-the-air updates, which seek to create recurring service and software revenue on top of vehicle sales. This combination aims to differentiate Tesla from ...
The company has also reportedly scaled back some metaverse-related efforts while increasing employee expectations around the use of AI tools in day-to-day work. Earlier this year, Zuckerberg said Meta expects to spend between $115 billion and $135 billion in 2026, with much of that investment tied to AI and data center expansion as the company competes with rivals including OpenAI , Alphabet Inc.'...
The company has also reportedly scaled back some metaverse-related efforts while increasing employee expectations around the use of AI tools in day-to-day work. Earlier this year, Zuckerberg said Meta expects to spend between $115 billion and $135 billion in 2026, with much of that investment tied to AI and data center expansion as the company competes with rivals including OpenAI , Alphabet Inc.'s Google and Anthropic . Meta had previously disclosed plans to eliminate thousands of jobs and close about 6,000 open positions as it reallocates resources toward AI infrastructure and development. Janelle Gale , Meta's head of human resources, reportedly said the new groups would operate with "AI-native" structures and leaner management layers aimed at improving efficiency and productivity. Meta informed employees on Monday that about 7,000 workers would be reassigned into four newly created AI organizations focused on building AI-powered products and tools, the New York Times reported, citing an internal memo. Meta Platforms, Inc. is reportedly reshaping its workforce around artificial intelligence by moving thousands of employees into new AI-focused divisions while simultaneously cutting roughly 8,000 jobs as CEO Mark Zuckerberg accelerates the company's massive AI ambitions. Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Story Continues Photo: FotoField on Shutterstock.com Read Next: Building Wealth Across More Than Just the Market Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, ...