Tag: software development

Posts with tag: software development

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Google Suspends Diversity Hiring Targets as Silicon Valley Divides on DEI

Google and Meta back away from diversity hiring targets amid political scrutiny, while Apple, Microsoft, and JPMorgan remain committed despite increasing pressure.

Porsche Shares Dive 7% as Earnings Warning Triggers Sell-off

Porsche shares plunge 7% on profit margin warning, sparking concerns about new model and battery costs.

US Stocks Mixed Ahead of Amazon Earnings

US stocks saw mixed performances on Thursday, as investors awaited Amazon's quarterly results amidst an earnings season marked by company warnings and concerns over AI demand. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 and tech-heavy Nasdaq Composite rose 0.3% and 0.5%, respectively. Investors eagerly anticipated Amazon's earnings report, following disappointing cloud sales from Alphabet. Treasury Secretary Scott Bessent eased pressure on the Federal Reserve, indicating Trump's desire to lower 10-year Treasury yields rather than push for lower interest rates. Jobless claims rose slightly to 219,000, ahead of the monthly jobs report on Friday, which will provide insights for Fed decision-making. Tech-related results are also being scrutinized for signals about AI demand strength.

IMF Warns Japan of Spillover Risks from Market Volatility

Japan should monitor the impact of rising foreign market volatility and the Bank of Japan's interest rate hikes on its financial system, the IMF says.

Werner falls short of Wall Street estimates in Q4

Werner Enterprises Inc. (WERN) reported fourth-quarter profit of $11.9 million, below expectations, with earnings of 8 cents per share. Revenue missed forecasts at $754.7 million.

Natural Grocers by Vitamin Cottage Reports Q1 Earnings of $0.43 Per Share

Natural Grocers by Vitamin Cottage reports Q1 net income of $9.9M, EPS of $0.43 on revenue of $330.2M.

Alpine Income Property Trust Reports Q4 FFO Beat

Alpine Income Property Trust, Inc. (PINE) reported Q4 FFO of $0.44/share, exceeding the $0.42 estimate. Revenue was $13.8 million, also topping expectations. For the year, FFO was $26.1 million and revenue was $52.2 million.

Bill.com Q4 Earnings: Revenue Meets, Guidance Misses, Stock Drops

Bill.com (NYSE:BILL) Q4 revenue aligns with estimates, but stock drops 28.4% on weaker-than-expected guidance. Read our analysis for insights on Bill.com's performance and future prospects.

AI Demand Fails to Boost Arm, Qualcomm Stocks After Earnings

Arm and Qualcomm stocks fell after their earnings outlooks indicated that AI is not yet driving a new wave of demand for devices using their chips.

Job Hunt Gets Tougher for Americans as Unemployment Claims Rise

The number of Americans collecting unemployment benefits remains high despite a low layoff environment. Economists say this shows it's becoming increasingly challenging for workers to find new jobs.