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Fed Rate Cuts on Hold Until June as Inflation Edges Up

Fed rate hike bets barely budge after inflation ticks up

STMicroelectronics Considers Workforce Cuts in Restructuring

STMicroelectronics, part-owned by France and Italy, considers cutting up to 6% of its workforce or 3,000 workers in French and Italian plants as part of a restructuring program.

STMicro Plans Workforce Reduction as Demand Slumps

Franco-Italian chipmaker STMicroelectronics plans to cut its workforce by 6% through early retirements and attrition amid a prolonged demand slump in the industrial and auto sectors.

Exxon Mobil beats earnings expectations in Q4

Exxon Mobil reports Q4 net income of $7.61 billion, beating estimates but missing on revenue. Earnings per share came in at $1.72, or $1.67 excluding one-time items.

Northvolt Co-Founder Paolo Cerruti Steps Down as North American CEO

Northvolt Co-Founder Paolo Cerruti Steps Down as CEO of North American Division

Kirby Corp. beats Q4 earnings expectations

Kirby Corp. (KEX) reports Q4 net income of $42.8 million, beating Wall Street expectations.

ServiceNow, Google Partner to Bring AI and Workflow Automation to Google Cloud Marketplace

ServiceNow and Google Cloud expand partnership to bring more AI capabilities to customers, giving enterprises access to ServiceNow's suite of services via Google's Cloud system.

The Container Store Emerges from Bankruptcy, Aims for Profitable Growth

The Container Store emerges from bankruptcy leaner and with a healthier balance sheet. The home goods retailer was able to refinance its debt, raise new funds, and reduce its long-term obligations. The company remains private after the restructuring process and is focused on growth and profitability.

Frontier Airline Attempts Merger With Bankrupt Spirit Airlines

Frontier Airlines is attempting to merge with Spirit Airlines, which recently filed for bankruptcy. Frontier Group Holdings Inc. says the deal would include newly issued Frontier debt and common stock after a previous merger attempt was outbid by JetBlue.

Twilio Shares Surge on Strong Outlook, Growing AI Demand

Twilio shares soared on its robust outlook and growing demand for AI tools. The company projects double-digit growth, targeting profitability in 2025 and beyond, with over 9,000 AI firms utilizing its services.