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Walmart Cuts Hundreds of Jobs, Relocates Employees to California and Arkansas

Amidst employee relocations to California and Arkansas, Walmart reportedly eliminates hundreds of roles and closes a North Carolina office.

S&P 500's Magnificent Seven Surge Ahead as Capex Gap Widens

As the S&P 500's "Magnificent Seven" boost spending by 40%, the gap widens between corporate giants and the rest, who face cash flow constraints and trade uncertainties.

SailPoint Sets IPO Valuation of Up to $11.5 Billion

Cybersecurity company SailPoint targets up to $11.5 billion valuation in US IPO. SailPoint, backed by private equity firm Thoma Bravo, offers 50 million shares priced between $19 and $21. The IPO will test investor appetite and set the tone for other firms considering listings.

Merck Q4 Earnings Top Estimates

Merck reports Q4 net income of $3.74B, surpassing expectations with $1.72 EPS, revenue of $15.62B. The company forecasts 2023 earnings between $8.88-$9.03 per share and revenue between $64.1B-$65.6B.

Mizuho Financial Posts Net Income of $1.9B in Fiscal Third Quarter

Mizuho Financial Group reported $1.9 billion in net income in its fiscal third quarter, beating expectations.

Rambus reports Q4 earnings of 58 cents per share

Rambus Inc. reports fourth-quarter earnings of $62.2 million, or 59 cents per share. The memory chip designer posted revenue of $161.1 million. For the year, Rambus reported profit of $179.8 million, or $1.65 per share. Revenue was reported as $584.1 million.

Trump Floats Sovereign Wealth Fund for TikTok Deal

Trump says U.S. sovereign wealth fund could be used to buy TikTok

US Stock Futures Plunge on Trump's Tariffs

US stock futures forecast sharp losses, with Nasdaq futures down 2.2% and S&P 500 futures down 1.6%, as Trump's tariffs on China, Mexico, and Canada take effect.

Trafigura Convicted in Landmark Swiss Bribery Case

Swiss court convicts commodities giant Trafigura in bribery case, imposing a $3.3 million fine and ordering the company to set aside $145 million for possible compensation claims.

Tesla Pledges Return to Growth in 2025 After Q4 Earnings Disappoint

Tesla pledges return to growth in 2025 after disappointing Q4 results. Revenue rose just 1% in 2024, while profits fell sharply. Tesla expects auto business to return to growth in 2025, with FSD coming to Austin, Texas, in June.