The enterprise software firm is reducing its workforce over several months to integrate recent acquisitions, aiming to end 2026 with the same headcount it started with, according to people familiar with the matter.
Xerox Holdings Corp. generated $80 million in cash by selling $105 million in tariff refund claims, using the proceeds to repurchase debt ahead of significant upcoming maturities. The move, coupled with strong Q2 results, sent the company's shares soaring.
Shares of semiconductor equipment maker Lam Research and tech giant Microsoft rallied sharply on Thursday, leading a broad market advance, while Meta Platforms and Alnylam Pharmaceuticals saw significant declines on company-specific news.
A historical analysis shows that buying S&P 500 pullbacks has delivered substantial long-term returns, but the strategy exposes investors to significant short-term volatility and requires a high degree of patience.
Dozens of oil joint ventures in Venezuela have reportedly missed a government-set deadline to finalize new operating contracts, citing the complexity of the country's hydrocarbon reform.
SRX Global Inc. announced it has acquired shares in the IPO of fast-casual restaurant chain Jersey Mike's, which began trading on the NYSE with a $1 billion valuation.
Shares of the sandwich chain Jersey Mike's (JMKE) fell approximately 3% in their first day of trading on the New York Stock Exchange, opening below the initial public offering price of $23 per share.
The credit ratings agency cited expectations for continued weak operating margins and high leverage at the restaurant operator, though it revised the company's outlook to stable from negative.
The Chinese AI startup aims to significantly expand its computing capacity to compete with leading U.S. models, planning a major facility in the data center hub of Ulanqab, according to sources cited by Bloomberg.
