Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
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Intel Shares Soar as Cost Cuts, AI Investments Mark Strongest Earnings Since 2023
Intel Corp. shares surged nearly 9% Friday after the chipmaker posted its strongest earnings since 2023, signaling early success in CEO Lip-Bu Tan's sweeping turnaround plan that combines aggressive cost cuts, strategic investments, and a renewed focus on artificial intelligence. 
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Nexperia China Defies Dutch Parent, Rejects Executive Dismissal as Power Struggle Deepens
A deepening power struggle inside Dutch chipmaker Nexperia has erupted into open defiance, as its Chinese subsidiary publicly rejected a directive from headquarters to dismiss a senior executive and resumed chip sales in defiance of Dutch oversight. The rare public split underscores growing tensions between The Hague and Beijing over control of critical semiconductor supply chains. 
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Target Cuts 1,800 Corporate Jobs as Sales Slump Deepens Ahead of Holiday Season
Target Corp. is eliminating about 1,800 corporate positions-its largest round of layoffs in a decade-as the retailer battles stagnant sales, shifting consumer habits, and backlash over its retreat from diversity programs. The job cuts, announced Thursday, include roughly 1,000 current layoffs and 800 unfilled positions, amounting to about 8% of Target's global corporate workforce. 
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Beyond Meat Stock Soars 600% in Three Days as Meme Traders Ignite Frenzied Rally
Beyond Meat shares staged an astonishing rebound this week, surging nearly 600% over three trading sessions as retail investors and meme-stock enthusiasts piled into the struggling plant-based meat maker. The rally marks the stock's sharpest ascent since its 2019 debut, when it briefly traded above $230 per share before collapsing into penny-stock territory. 
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Coca-Cola Beats Earnings Forecasts as Zero-Sugar Sales Surge and Boycott Impact Fades
Coca-Cola Co. reported stronger-than-expected third-quarter earnings Tuesday, lifted by resilient global demand for its zero-sugar beverages and Fairlife dairy products, even as its flagship Coke line continued to feel the effects of changing consumer habits and lingering reputational challenges. 
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GM Raises Full-Year Profit Guidance, Citing Lower Tariff Exposure and Record Q3 Earnings
General Motors shares surged Tuesday after the automaker raised its full-year profit forecast and reported stronger-than-expected quarterly earnings, aided by lower tariff exposure and robust demand for pickup trucks and SUVs. 
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Apple Nears $4 Trillion Valuation as iPhone 17 Sales Surge 14% in U.S. and China
Apple Inc. shares rallied Monday to a record high as robust demand for the new iPhone 17 series pushed the company within reach of a $4 trillion market valuation, positioning it just behind Nvidia as the world's most valuable publicly traded firm. 
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Nexperia Ownership Fight Escalates as Dutch State Seizes Control and Chinese Unit Defies Orders
A power struggle over the Dutch chipmaker Nexperia has erupted into a full-scale diplomatic standoff after the company's Chinese division told employees to ignore directives from its Dutch management, insisting the firm is "a Chinese company." The letter, reported by Dutch broadcaster NOS, comes days after the Netherlands seized control of the semiconductor maker, citing national security concerns. -
Nestlé Stock Soars 8% as New CEO Unveils 16,000 Job Cuts and $3 Billion Efficiency Plan
Nestlé said Thursday it plans to cut 16,000 jobs worldwide as new Chief Executive Philipp Navratil launches a sweeping restructuring effort aimed at restoring growth, rebuilding investor confidence, and streamlining operations at the world's largest food and beverage company. The announcement, coupled with stronger-than-expected quarterly results, sent Nestlé shares up more than 8% in early trading, boosting Europe's food and beverage sector. 
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TSMC’s AI-Driven Forecast Lifts Global Chip Stocks and Powers Wall Street Rally
Semiconductor stocks led Wall Street higher Thursday after Taiwan Semiconductor Manufacturing Co. (TSMC) raised its annual revenue forecast and posted record quarterly profits, reinforcing investor confidence in the global artificial intelligence boom. The upbeat report from the world's largest contract chipmaker helped extend this week's technology rally and offset renewed concerns over U.S.-China trade frictions. 
