Job cuts and muted earnings in India’s IT sector have left some investors wondering if they should steer clear of such stocks. Tata Consultancy Services , one of the country’s biggest private sector employers, announced last month that more than 12,000 staff in mostly middle and senior management roles would be cut. That accounts for around 2% of TCS’ global workforce, making it one of India’s biggest IT layoffs thus far . The company attributed the layoffs to mismatched skillsets , but others cited automation as a factor. Elsewhere, Infosys has reportedly slowed down fresher recruitment while Wipro has trimmed…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAdena Friedman, Nasdaq Chair & CEO, joins ‘Fast Money’ to discuss the boom in the IPO market, the dealmaking environment and the impact of the AI adoption. Source link
U.S. President Donald Trump speaks during an event at the Kennedy Center on August 13, 2025 in Washington, DC. Trump announced the first nominees of the annual Kennedy Center Honors since taking control of the center’s board earlier this year. Kevin Dietsch | Getty ImagesU.S. President Donald Trump signed an executive order on Wednesday to streamline federal regulation governing commercial rocket launches, a move that would benefit Elon Musk’s SpaceX and other private space ventures.Trump’s order, among other things, directs the U.S. transportation secretary to eliminate or expedite environmental reviews for launch licenses administered by the Federal Aviation Administration, the…
When American Natasha Colkmire returned to work after having her first child, she didn’t want to leave her newborn son with a nanny to go on a business trip.So she convinced a family member to tag along.”They would meet up with me when my son needed to be nursed,” she said. “We also had the evenings together.”The trip worked so well that Colkmire took more business trips with non-colleague companions.”My grandma went to Houston with me, a friend went to St. Paul, and my mom helped me when I needed to do a job in Washington D.C.,” she said. “Each…
While last month’s consumer price index showed that food prices were effectively flat month over month, tariff-sensitive items like coffee beans, specialty teas and spices are showing signs of inflation, worrying small businesses selling those products.According to the Bureau of Labor Statistics, coffee prices surged 14.5% in July year over year. The average retail price for a pound of ground coffee hit $8.41. Overall, food prices were unchanged from June to July but remained 2.9% higher than a year ago, the data showed.Jessica Simons, owner of Bethany’s Coffee Shop in Lincoln, Nebraska, told CNBC that her shop has seen prices go up…
Morgan Stanley (MS) has broken out to new all-time highs, signaling a potential trend extension. The current backdrop is supportive for both the firm’s investment banking arm and the firm’s wealth management engines. Recent results showed solid top and bottom line growth, accelerating client asset flows, and renewed capital returns (dividend increase + buybacks), reinforcing the case for further upside with defined risk. Trade timing MS just broke out above its resistance level at $145 to a new all-time high on above‑average volume. Relative strength vs. the financial sector has been improving and confirms the breakout, suggesting there is potentially institutional accumulation. Fundamentals Morgan…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Brinker International CEO Kevin Hochman unpacked the company’s recent quarter in an interview with CNBC’s Jim Cramer, describing marketing strategies that have improved business.”We refortified our marketing budgets. Three years ago, we spent about $32 million in marketing,” Hochman said. “This past fiscal we just finished, we spent $137 million. So they actually have ammo with which to do marketing, and they’re doing a phenomenal job.”Brinker owns restaurant franchises Chili’s and Maggiano’s Little Italy. The company beat on earnings and revenue when it reported Wednesday morning, and it raised its full-year forecast. Management highlighted the success of Chili’s, with same-store…
Igor Babuschkin, co-founder of xAI, during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesIgor Babuschkin, a founding member of Elon Musk’s xAI, said Wednesday that he’s leaving the artificial intelligence startup to launch his own venture firm. “Today was my last day at xAI, the company that I helped start with Elon Musk in 2023,” Babuschkin wrote on X, which is owned by xAI. “I still remember the day I first met Elon, we talked for hours about AI and what the future might…
The stock market is going full tilt into risk after the latest inflation report. But not everybody is optimistic. The S & P 500 reached an all-time high on Tuesday after the cooler consumer price index report from July sounded the all-clear for the Federal Reserve to cut in September. On Wednesday, more investors were buzzing about the possibility of an ultra-big cut next month of a half-percentage point — adding to the positive mood on Wall Street. Yet, some investors are only getting more skittish as the market continues to run higher. They’re worried that stocks are priced for…
