Stocks

Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures. This comes as Amazon previously stated its intention to do the same. Meta also recently announced job cuts, the largest in the company’s history.…
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A former security chief for Twitter has testified that the company misled US regulators about gaps in its security. The statement could also impact Elon Musk’s legal battle over Twitter. The stock was down over 7% in Tuesday’s trading…
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BP reported a profit of $8.5 billion for Q2, its biggest in 14 years, as the oil giant cashes in on higher oil prices. With the Russia and Ukraine conflict disrupting global energy markets, ExxonMobil and Chevron reported that their…
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Even though Microsoft issued quarterly results that failed to reach Wall Street consensus, shares rose 5%. The company attributed lower than expected earnings to lockdowns in China and scaling down operations in Russia. Alphabet also…
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The Dow continues on its choppy path as the index dropped over 500 points. Some analysts blame the consumer confidence fall, whilst others still fear a recession is close. What is evident is the uncertainty in the markets as we head…
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All three major indices recorded their fifth day of declines after a day to forget on Wall Street. The moves came in anticipation of more aggressive tightening policies from the Fed. So just how much of a hike are we looking at today,…
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