BuzzFeed Shares Surge After Announcing Plans to Cut 35% of Workforce
The digital media company's stock jumped over 14% after it revealed a restructuring plan to lay off approximately 180 employees, targeting up to $32 million in annual savings.
Latest by Marcus Chen
UK Regulator Moves to Block BT Openreach's Wholesale Fiber Discount Offer
The UK's communications regulator, Ofcom, has initiated a process to compel BT's Openreach to withdraw a new wholesale fiber broadband discount program, citing concerns over fair pricing.
U.S. Chip Stocks Extend Losses Amid AI Financing and China Competition Fears
A global selloff in semiconductor stocks has intensified, with U.S. names dropping on investor concerns over the financing of AI infrastructure and rising competition from China's domestic chip industry.
Kioxia Plunges 18% as AI Financing Fears Spark Global Chip Rout
Shares of Japanese memory chipmaker Kioxia plummeted by their daily limit amid a broad selloff in global semiconductor markets, driven by concerns over the sustainability of AI investment and new competitive threats.
Hindustan Unilever Shares Tumble on Q1 Profit Miss and Margin Concerns
The consumer goods giant's stock fell over 6% after reporting a 4% year-over-year decline in first-quarter net profit, which missed analyst estimates due to rising input costs and one-off charges.
Exosens Stock Falls Despite Raised Guidance and Record Profit
The French defense specialist's shares declined after its first-half revenue came in slightly below analyst expectations, overshadowing record profitability and an upgraded full-year forecast.
Tokyo Electron Shares Tumble Amid Sector-Wide AI Selloff and Pre-Earnings Jitters
Shares of the semiconductor equipment giant fell over 10% as investors reduced exposure to AI-related stocks ahead of the company's earnings report and key U.S. tech results.
European Stocks Edge Higher as Strong Earnings from Unilever, Automakers Counteract Rate Jitters
The pan-European STOXX 600 saw modest gains as upbeat results from companies like Unilever and Mercedes-Benz offset pressure from elevated bond yields and hawkish central bank commentary.
Nikkei 225 Tumbles 3.8% to One-Month Low Amid Widespread Sector Losses
Japan's benchmark Nikkei 225 index fell sharply by 3.83% on Tuesday, hitting a new one-month low as heavy losses in the transport and communication sectors dragged the market down.