Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022. Bloomberg | Bloomberg | Getty ImagesArtificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that are able to effectively scale the technology and cut costs tie to human workers.Large-cap companies are seeing steady AI-related productivity gains since the release of OpenAI’s ChatGPT model in 2022 in terms of their real revenue per worker, according to a Wells Fargo analysis. Small-cap names are…
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Several companies preparing to report earnings this week could see their stocks score large gains or suffer considerable losses, based on current options trading on the shares. The current earnings season has been relatively smooth so far, with more than 80% of companies that have reported results posting better-than-expected revenue or earnings-per-share for the third quarter, FactSet data shows. But a series of smaller and volatile technology stocks are set to report this week and traders expect a wild ride for many. CNBC Pro screened for stocks that are expected to see the largest options-implied move in the week ahead. Here…
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025.Smith Collection | Gado | Archive Photos | Getty ImagesAmazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.The figure represents a small percentage of Amazon’s 1.55 million total employees, but nearly 10% of the company’s roughly 350,000 corporate employees. This would represent the largest job cut at Amazon since around 27,000 jobs were eliminated starting…
On Tuesday, the largest component of the second-best performing sector for 2025 reports results. One would think this could generate big headlines but think again. When people think of top places to invest in a bull market, they don’t usually think utilities. Well, these aren’t your grandparents’ utilities. The need to power and build data centers to support rapid AI expansion as well as a supportive regulatory framework makes this a high growth and transformative area to invest. The Utility Sector ETF (XLU) has already broken out to new highs as it is up 23% year-to-date trailing only technology. The…
Portland Trail Blazers head coach Chauncey Billups and Terry Rozier #2 of the Miami Heat.Lachlan Cunningham | Getty ImagesThe National Basketball Association told its 30 teams on Monday that it was instituting a broad review of betting-related issues to “protect the integrity of the NBA and our affiliated leagues” in the wake of a bombshell federal indictment that alleges confidential information about players was leaked to gamblers.In particular, the review will focus on proposition bets offered by legal online sports bookies, which allow gamblers to wager on the statistical performance of individual players, according to a memo from the NBA…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJamie Baker, JPMorgan senior airline analyst, joins ‘The Exchange’ to discuss what the government shutdown means for the airline industry, what the industry is preoccupied with and much more. Source link
Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store in Larkspur, California, on Aug. 5, 2022.Justin Sullivan | Getty ImagesShares of iRobot plunged more than 30% on Monday after the company warned its search for a buyer has hit a substantial roadblock and its financial condition remains dire.The Roomba maker has been vying to sell itself since March, but last week, the only remaining potential buyer withdrew from the process following a “lengthy period of exclusive negotiations,” iRobot disclosed in a regulatory filing.iRobot’s future has remained uncertain after Amazon abandoned its…
Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia Therapeutics — The clinical stage genome editing company plunged 45% after pausing patient dosing and screening for its MAGNITUDE and MAGNITUDE-2 Phase 3 clinical trials. FTI Consulting – The management consultant rose more than 5% after posting third-quarter earnings of $2.60 per share on revenue…
Precious metals and related mining stocks are retreating after a parabolic upmove over the past two months. The charts suggest that gold and gold miners are due for a more prolonged period of consolidation to reset their bullish long-term trends. Gold has pulled back sharply over the past week, extending its decline back below psychologically significant $4,000/oz. level with today’s sell-off. The daily MACD is decisively on a ‘sell’ signal, indicating that short-term momentum has shifted to the downside. If gap-based support near $3,927/oz. is breached, it would increase near-term downside risk to the 50-day moving average (MA), currently $3,766/oz.…
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty ImagesA deeper dip into consumer wallets this holiday season is expected to last through Thanksgiving and Christmas, and it is already being seen in the Halloween product market.DataWeave, which analyzes SKUs (stock keeping units), a scannable code retailers use to identify and track a product, says it has seen big price hikes among relatively inexpensive Halloween items, led by pumpkin carving-related products. Pumpkin Masters, the popular pumpkin carving company that offers a wide range of carving and decorating kits, topped the list in the percentage of price increases, with year-over-year increases…
