Pinterest Inc (NYSE: PINS) is in focus this morning after the social media platform said it will lay off nearly 15% of its workforce and downsize office space considerably to “reallocate resources”. The visual search engine believes these cuts will be completed by late September, and result in up to $45 million of pre-tax restructuring
Winter Storm Fern hammered the US this weekend, and Rystad Energy has warned that the deep freeze will continue to wreak havoc on US onshore oil and gas production. “Natural gas supply outages have emerged across the US in the wake of Winter Storm Fern, with an initial loss of 2 billion cubic feet per
Corning stock (NYSE: GLW) jumped over 9% on Tuesday after the company and Meta (NASDAQ: META) announced a multiyear agreement. As part of the $6 billion deal, Corning will supply fiber-optic cables and connectivity solutions for Meta’s US data-center buildout. The landmark Meta deal Meta and Corning formalized a landmark supply partnership designed to lock
US stocks were mixed on Tuesday as gains in large technology companies lifted the broader market, while sharp losses in health insurers weighed heavily on the Dow Jones Industrial Average. Investors also positioned cautiously ahead of a heavy slate of corporate earnings and the Federal Reserve’s first policy decision of the year, due on Wednesday.
The Organization of the Petroleum Exporting Countries and allies are likely to maintain their current halt on oil output increases for March, according to media reports. This expectation comes as oil prices are on the rise, partly attributed to a decrease in Kazakhstan’s oil production. Despite concerns about a potential supply glut, oil prices have
Shares of USA Rare Earth jumped sharply in premarket trading on Monday after it received a non-binding Letter of Intent (LOI) from the US Department of Commerce and a collaboration with the US Department of Energy to receive a $1.6 billion debt-and-equity investment package. “The Department of Commerce’s CHIPS Program has provided an LOI covering
Digital asset investment products saw the largest weekly outflows since mid-November 2025, totalling $1.73 billion, according to CoinShares data. The outflows point to a sharp shift in investor confidence amid broader market pressures, with the exodus coinciding with price declines in major cryptocurrencies. Gold’s explosion to record highs above $5,000 looks to have amplified the
The UK’s financial watchdog has entered the final phase of consultations on a sweeping set of proposed crypto regulations, marking a key milestone in the government’s efforts to bring digital assets firmly within the country’s regulatory framework. The Financial Conduct Authority (FCA) said on Friday it is seeking feedback on 10 proposed rules for the
Shares in Spire Healthcare surged as much as 20% on Monday after the private hospital operator confirmed it was in preliminary talks with several buyout firms, fuelling expectations of a potential takeover and delisting from the London Stock Exchange. The FTSE 250-listed group said Bridgepoint Advisers and Triton Investments Advisers were “amongst the parties” involved
Micron stock (NASDAQ: MU) has already been one of the biggest winners of the AI boom as demand for advanced memory chips exploded. Yet a growing group of analysts now argues the real surprise may still lie ahead. Their thesis is based on Micron’s sudden clout in high-bandwidth memory (HBM), the specialist memory chips that