Summary: Deere & Co. shares slid in pre-market trading as the company anticipates another challenging year due to factors like hot inflation and potential tariffs under President Trump. However, Deere reported first-quarter net income above estimates and indicated that efforts to optimize inventory are showing positive results.
Full articleSummary: Chevron plans to cut its global workforce by 15-20% by 2026 in a cost-cutting push, aiming for $2-3 billion of structural cost reductions. This move is part of efforts to simplify the organizational structure, execute faster, and enhance long-term competitiveness.
Full articleSummary: US President Donald Trump expresses dissatisfaction with the service he is receiving from Boeing on planes during a press briefing at the White House.
Full articleSummary: Chevron plans to lay off 15% to 20% of its global workforce by May or June as part of $3 billion cost-cutting target through 2026.
Full articleSummary: Chevron plans to cut 15-20% of its workforce to reduce costs and simplify its organizational structure, with an emphasis on saving $2 to $3 billion through 2026. The pending acquisition of Hess adds uncertainty.
Full articleSummary: Big-money investors have taken a bullish stance on Intel with 53% bullish sentiment and 33% bearish sentiment. Uncommon options trades were identified for Intel indicating a potential upcoming event or movement. The focus is on a price band between $18.0 and $35.0 for Intel over the last three months.
Full articleSummary: NextEra Energy Partners (NEP) has been on Zacks.com's list of most searched stocks recently. The stock has shown strong performance in the past month, outperforming the Zacks S&P 500 composite. Despite a decline in earnings estimate for the current quarter, there are positive growth expectations for the current and next fiscal years. The company has a strong Zacks Rank #3 (Hold). Valuation metrics indicate that NEP is trading at a discount compared to its peers.
Full articleSummary: Microsoft is introducing performance improvements to the Microsoft Store by allowing app developers to migrate their UWP apps to .NET 9 and Native AOT, which should enhance app performance. The Microsoft Store itself is also undergoing this migration, with a new version expected soon.
Full articleSummary: Portland mayoral candidate and city commissioner accused of hitting a parked Tesla and walking away, leading to a dispute over damages and potential media involvement.
Full articleSummary: Cisco has initiated its second round of job cuts for the year, affecting about 5,600 employees. CEO Chuck Robbins remains optimistic about the rebounding demand for Cisco's networking equipment despite the layoffs. The company aims to invest in growth opportunities and drive more efficiencies through restructuring its departments.
Full articleSummary: Costco is progressing towards opening a location in South LA, making it easier for residents to live near the store.
Full articleSummary: Microsoft Photos app update is rolling out to Windows 10 testers, bringing iCloud integration and new features such as updated UI and Visual Search with Bing button.
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