Lockheed Martin, $LMT, to cut 1% of its jobs in cost-cutting push

Lockheed Martin is set to trim 1% of its workforce throughout the year as part of an initiative to reduce costs and enhance operational efficiency, as stated by a company spokesperson on Friday. The job cuts will impact various roles across all business and enterprise operations, with cost-cutting measures

58 tech companies have laid off 7,785 employees already in Q1 2024

A significant number of American workers employed by major tech, retail, and media companies are facing job losses or the looming threat of positions being cut in 2024. Recognizable brands, many of which expanded their workforces during the COVID-19 pandemic, are now streamlining their operations with a focus on

Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc

Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc, per Reuters. In August, the existing BRICS members—Brazil, Russia, India, China, and South Africa—extended invitations to six additional nations to join their ranks, forming an alliance between some of the

Federal Reserve pauses rates again, no hike

On Wednesday, the Federal Reserve gave a lukewarm indication that it might have finished increasing interest rates, yet emphasized that it has not begun considering rate cuts. In a notably revised conclusion from its two-day meeting, the Federal Open Market Committee altered its previous stance, which had suggested a

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ISHARES MSCI BRAZIL ETF (EWZ) stock volume breakdown

Unusual Options Activity and Flow in ISHARES MSCI BRAZIL ETF (EWZ) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for ISHARES MSCI BRAZIL ETF (EWZ). Here are the options volume by expiry currently for

Elon Musk has said: Should Tesla, $TSLA, change its state of incorporation to Texas, home of its physical headquarters

Elon Musk has said: Should Tesla, $TSLA, change its state of incorporation to Texas, home of its physical headquarters? Tesla CEO Elon Musk has faced a setback as a Delaware judge, Chancellor Kathaleen St. Jude McCormick, ruled against his entitlement to a landmark compensation package valued at over $55 billion.

Google, $GOOGL, CEO Sundar Pichai warns staff that cuts would continue throughout the year

Since January 10th, Google has implemented workforce reductions affecting over a thousand employees across various departments. In an internal memo shared with all Google employees on Wednesday, CEO Sundar Pichai conveyed the message that more cuts should be anticipated as the company strives to pursue ambitious goals and invest in

Citadel CEO and billionaire Ken Griffin donated $5 million to Nikki Haley super PAC

Ken Griffin, the billionaire CEO of Citadel and a prominent Republican donor, has made a substantial contribution of $5 million to the SFA Fund, a super PAC aimed at supporting former South Carolina Governor Nikki Haley in the GOP presidential primary against Donald Trump. The sizable donation was recorded in

$WMT, Walmart announces a 3-For-1 stock split

Walmart has announced a two-for-one stock split, offering additional shares to shareholders on record as of February 22. The additional shares are set to be distributed after the market closes on February 23, with the stock trading on a post-split basis from February 26. Walmart's

Costco, $COST, is cracking down on membership sharing

Costco, $COST, is cracking down on membership sharing, per MW. Costco is currently testing innovative technology that could potentially tackle the issue of membership-sharing, where individuals who haven't paid for an annual membership use cards belonging to paying members. Traditionally, Costco members simply need to present their

Private equity giant Blackstone, $BX, has said this month that it was buying Tricon Residential, a Toronto-based landlord that owns 38,000 homes across the U.S. and Canada for $3.5 billion

Private equity giant Blackstone, $BX, has said this month that it was buying Tricon Residential, a Toronto-based landlord that owns 38,000 homes across the U.S. and Canada for $3.5 billion. Blackstone, renowned for leading Wall Street's acquisition of houses post the U.S. foreclosure

Single women in the U.S. own more homes than single men

Single women in the U.S. own more homes than single men, per LendingTree. Citing data from the U.S. Census Bureau, analysts at LendingTree, an online lending marketplace, recently revealed that single women nationwide own approximately 2.71 million more homes than their male counterparts. This statistic gains significance

Elon Musk has said to expect roughly 1 billion humanoid robots in 2040s

Elon Musk has said to expect roughly 1 billion humanoid robots in 2040s, per FOX. Renowned entrepreneur Elon Musk recently took to the social media platform X (formerly Twitter) to lend his support to a bold prediction made by David Holz, the visionary founder of the artificial intelligence (AI) research

Paypal, $PYPL, has begin company wide layoffs, 2500 laid off

Reports indicate that PayPal has initiated company-wide layoffs, although the exact number of affected employees remains unclear. Sources suggest that the job cuts could potentially impact thousands of individuals. This move comes nearly a year after the company announced plans to lay off around 2,000 employees, constituting approximately

Elizabeth Warren and three other Democrats urged Fed Chair Jerome Powell to bring down interest rates at the upcoming Fed meeting to expand affordable housing

Senator Elizabeth Warren and three other Democratic lawmakers are urging Federal Reserve Chairman Jerome Powell to consider lowering interest rates at the upcoming Fed meeting to address the affordability challenges in the housing market. In a letter addressed to Powell, the senators emphasized the impact of current interest rates on

Donald Trump claims he's responsible for stocks hitting record highs

The financial markets have experienced a surge to record highs in the current year, and according to former President Donald Trump, the driving force behind this phenomenon is the investors' anticipation of his potential re-election. In a recent post on Truth Social, Trump asserted, "THIS IS THE

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NETFLIX INC (NFLX) crazy options activity right now

Unusual Options Activity and Flow in NETFLIX INC (NFLX) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for NETFLIX INC (NFLX). Here are the options volume by expiry currently for NFLX: Here are the

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Check what the whales are doing with UNITED PARCEL SERVICE INC (UPS)

Unusual Options Activity and Flow in UNITED PARCEL SERVICE INC (UPS) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for UNITED PARCEL SERVICE INC (UPS). Here are the options volume by expiry currently for

Elon Musk said that the first human patient has received a brain implant from his startup Neuralink

Elon Musk said that the first human patient has received a brain implant from his startup Neuralink. In a post on X, formerly known as Twitter, Musk reported that the patient is recovering well, and the initial results of the Neuralink brain implant procedure are promising. Neuralink's brain

$IBM has ordered US managers back to office three days a week. Managers who decline to relocate will leave company

$IBM has ordered US managers back to office three days a week. Managers who decline to relocate will leave company. Employees working remotely, excluding those with exceptions like medical issues or military service, will need to relocate near an IBM office by the beginning of August, according to the memo.

Amazon, $AMZN, officially terminates the iRobot deal, and Roomba to lay off 31% of staff

Amazon, $AMZN, officially terminates the iRobot deal, and Roomba to lay off 31% of staff, per TechCrunch. The deal's future became uncertain after The Wall Street Journal reported that the European Union (EU) would not provide regulatory approval. In July, the European Commission, the EU's executive

Microsoft, $MSFT, is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years,

Microsoft, $MSFT, is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years,. Due to its early dominance in artificial intelligence (AI), Microsoft is poised to maintain its position as the largest company by market value in the upcoming year. On Friday, the

The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO has said

The housing market will take off in a 2024 renaissance as construction, demand are set to surge, National Association of Home Builders CEO . Anticipating a shift in the housing market, Jerry Tobin, the CEO of NAHB (National Association of Home Builders), foresees increased demand and construction activities in 2024. This

It won’t be a recession—it will just feel like one, per the WSJ

It won’t be a recession—it will just feel like one, per the WSJ. Goldman Sachs has said the chance of a recession is 15% in the next year. Goldman Sachs has grown increasingly confident in the possibility of the US economy achieving the elusive "soft landing,"

Robert Kiyosaki, author of Rich Dad, Poor Dad, has said that a real estate market crash is coming, and it is the best time to get rich,

Author of "Rich Dad Poor Dad," Robert Kiyosaki, expressed concerns about a potential real estate crash triggered by challenges in the short-term rental market. In a recent Twitter post, he predicted turbulence in the real estate sector and highlighted Airbnb's role in the scenario. Kiyosaki