Meta, Microsoft to Trim Thousands of Jobs Through Buyouts and Layoffs

Posted on April 24, 2026 by Olumide Adesina

Meta and Microsoft are planning layoffs or announcing buyouts that could impact up to 23,000 jobs to streamline operations and counteract significant spending on artificial intelligence. In an internal memo on Thursday, Meta informed staff that it intended to lay off 10% of its workforce, or about 8,000 workers, beginning on May 20.

Additionally, the social media company stated that it would not fill 6,000 open positions. Microsoft offered thousands of its US employees voluntary buyouts in a memo it released earlier in the day. A person familiar with the planning estimates that the buyouts will be available to about 7% of the US workforce.

The source, who asked to remain anonymous to discuss an internal issue, stated that the company has never carried out buyouts of this magnitude before. As of June 2025, Microsoft employed 125,000 people in the United States. Approximately 8,750 workers would then be qualified for the program.

Microsoft announced new AI investments in Australia and Japan this month as part of its race to build data centers worldwide. In the meantime, Meta has announced multiple multibillion-dollar agreements with AI partners in recent months and has predicted record capital expenditures this year. In recent years, both businesses have implemented multiple rounds of layoffs. The memo, written by Chief People Officer Janelle Gale, referenced Meta’s AI expenditures.

She stated in the note, “We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.”. The Reality Labs division and other teams have already experienced job cuts, which caused Meta employees to worry. According to Gale, the company was making the layoffs public early because information about the plan had already leaked. Earlier this month, Meta’s planned workforce reductions were first reported by Reuters.

Intel Shares Soar as AI Outlook Powers $80 Price Target

Posted on April 24, 2026 by Olumide Adesina

The long-struggling chipmaker is benefiting from the massive build-out of artificial intelligence computing, as evidenced by Intel’s spectacular sales forecast that exceeded Wall Street expectations. Following the release of the results, Intel’s stock shot up 20% in extended trading, setting new records. It had increased by 81% this year, before the report closed at $66.78.

The positive outlook indicates that CEO Lip-Bu Tan is moving forward with a difficult recovery plan. He is now fulfilling a pledge to enhance operations after securing significant investments in Intel last year, which strengthened the company’s balance sheet.

Great Hill Capital Chairman Thomas Hayes, an Intel investor, stated on Bloomberg Television that “everyone is starting to direct orders to Intel, and I think we are in the early days.” In a very short time, this has transitioned from hopelessness to exhilaration. The earnings report demonstrates the necessity of a data center.

. According to the earnings report, demand for Intel’s flagship Xeon server processors is rising because of the need for data center chips to support the massive expansion of AI. The central processing unit, or CPU, is a type of general-purpose semiconductor that businesses attempting to transform their AI software into profitable services are focusing on again. Tan stated in an interview that Intel produced a “solid result” that exceeded its expectations.

He stated that the company is “laser-focused” on boosting output from Intel’s factories, which are still unable to produce enough to fulfill all of its orders, and he anticipates that the robust demand for processors used in AI systems will grow.

Quilter Reports Record Q1 Net Inflows, Share Price Heads to Highs as Platform Strength Drives Recovery

Posted on April 23, 2026April 24, 2026 by Skerdian Meta

Quilter PLC gained after reporting record first-quarter inflows and higher assets under management, supported by strong platform demand despite recent market volatility. Continue reading “Quilter Reports Record Q1 Net Inflows, Share Price Heads to Highs as Platform Strength Drives Recovery” →

Tesla, Nvidia & Boeing Power S&P 500 to Fresh All-Time High

Posted on April 23, 2026 by Olumide Adesina

President Donald Trump’s extension of a ceasefire with Iran and numerous positive corporate results rekindled risk appetites after a two-day retreat, sending stocks to all-time highs. The value of Bitcoin rose.

The S&P 500 maintained its monthly upward trend with a 1% gain, the highest since 2020.

Chipmakers climbed for 16 days in a row, the longest winning streak in history. Boeing Co. expanded on solid first-quarter deliveries. Tesla Inc. increased as earnings surpassed forecasts. Texas Instruments, Inc. offered a reliable forecast for the current period.

Trump’s decision to extend the ceasefire signified a retreat from his threats to start bombing Iran again if a deal could not be reached by Wednesday’s deadline. This move would have reignited a conflict that has killed thousands of people and driven up energy costs.

Tensions are still high as Tehran maintains a firm hold on the Strait of Hormuz, regulating trade routes and firing on ships. The US is unwilling to end its blockade of ships with ties to Iran. The price of Brent oil settled around $102.

Strong corporate profits, the revival of the artificial intelligence trade, and an otherwise strong economy have all helped to boost stocks despite ongoing geopolitical risks. Nearly 80% of the SandP 500 companies reporting first-quarter results have surpassed analyst earnings estimates thus far. Despite the continued uncertainty and saber-rattling surrounding the Iran conflict, Rick Gardner of RGA Investments claims that markets are looking ahead.

Elon Musk Places $60 Billion Bet on AI Coding Startup Cursor Amid xAI Setbacks

Posted on April 23, 2026 by Olumide Adesina

Elon Musk’s artificial intelligence startup, xAI, is attempting to persuade companies to use its Grok chatbot to expedite the coding process. However, Musk’s own staff members have occasionally been hesitant to follow suit.

Some SpaceX engineers have been reluctant to use Grok for technical work because it isn’t as efficient as competing tools. According to some of the people who spoke on condition of anonymity to discuss internal issues, some employees in its xAI division have been using Anthropic PBC’s Claude for coding instead of Grok.

AI coding tools, which make writing and debugging code easier, are now a major source of income for xAI’s rivals.

The reluctance of Musk’s employees to use Grok suggests that the company has a long way to go before becoming a major player in the market. These difficulties have forced Musk to create what might be one of his best.

Musk’s rocket company SpaceX, which merged with xAI earlier this year, announced on Tuesday that it has an agreement allowing it to either pay $10 billion for the companies’ collaboration or acquire AI coding startup Cursor for $60 billion later this year.

The expensive partnership aims to create “the world’s best coding and knowledge work AI.” Meanwhile, xAI has created a sophisticated, if frequently contentious, chatbot using information from the social network X, which Musk owns. However, Grok has not yet demonstrated its coding prowess, and there is a great chance that this will soon change.

Before SpaceX’s anticipated June IPO, the company’s employees have been asked to demonstrate that they can significantly increase revenue, which, up until mid-2025, came mostly from Musk’s other ventures. Meanwhile, the xAI team has been promoting Grok as a helpful tool for conducting internal business and providing performance reviews to Wall Street behemoths and US government agencies.

Forex Signals April 22: Tesla TSLA, IBM, Boeing, PM, CME, ServiceNow Earnings Preview

Posted on April 22, 2026April 22, 2026 by Skerdian Meta

The top earners in the IT, industrial, and consumer sectors—including Tesla, IBM, Boeing, PM, CME, and ServiceNow—will present their Q1 earnings on Wednesday. Continue reading “Forex Signals April 22: Tesla TSLA, IBM, Boeing, PM, CME, ServiceNow Earnings Preview” →

Forex Signals April 21: GE Aero, UnitedHealth UNH, RTX, UAL Earnings Preview

Posted on April 21, 2026April 21, 2026 by Skerdian Meta

Important businesses in the travel, healthcare, and industrial industries, including as GE Aerospace, UnitedHealth Group, and RTX Corporation, are at the top of Tuesday’s earnings schedule.
Continue reading “Forex Signals April 21: GE Aero, UnitedHealth UNH, RTX, UAL Earnings Preview” →

AMZN : Amazon Shares Surge as It Pours Another $5B into Anthropic AI

Posted on April 21, 2026April 21, 2026 by Olumide Adesina

Amazon is strengthening its ties in the fiercely competitive artificial intelligence race by investing an additional $5 billion in Anthropic PBC and potentially contributing an additional $20 billion over time. According to Anthropic, the deal was reached at a valuation of $350 billion, excluding the additional funding.

This indicates that Amazon recently negotiated better terms than other investors. After securing a $30 billion funding round in February, which valued the San Francisco-based startup at $380 billion, Anthropic has since attracted investor offers at a valuation of over $800 billion.

According to a statement released on Monday, Anthropic, the company behind the Claude chatbot and coding tool, intends to invest $100 billion over the next ten years in chips and cloud technologies from Amazon.

The news caused Amazon shares to rise by roughly 3% during prolonged trading. Banks, tech companies, and governments are rushing to comprehend what Anthropic’s new AI might mean for cybersecurity and the future of the internet.

It is widely anticipated that Anthropic, which was founded in 2021 by former OpenAI employees, will launch an IPO as early as this year.

The deal is the most recent indication of Anthropic’s desire for the enormous processing power required to create new Claude versions.

The AI company has been rushing to convince more companies to purchase its software to help offset the enormous cost of developing the technology. Similar to OpenAI, Anthropic has signed agreements to obtain the required chips and rented processing power. Last week, Anthropic announced that it would recruit Broadcom Inc. to provide chips based on Google’s tensor processing units, which are a competitor of Trainium from Amazon.

Anthropic will have access to roughly 3.5 gigawatts of processing power thanks to the three companies’ cooperation. Anthropic announced in October that it would acquire up to a million of Alphabet Inc.’s specialized AI chips. unit, a partnership valued at tens of billions.

Apple Stock Dips to $272 as Tim Cook Hands Reins to John Ternus After Record Tenure

Posted on April 21, 2026 by Olumide Adesina

Apple CEO Tim Cook will relinquish control to hardware chief John Ternus, capping a 15-year tenure that transformed the company into a $4 trillion enterprise encompassing financial services, video streaming, and watches. Ternus will take over as CEO in September.

Investors accepted the announcement for the most part. The shares reduced their losses after falling by almost 2% in late trading. They had dropped less than 0.5 percent to $271.7 by Monday night in New York. According to Apple, Cook will interact with legislators worldwide in his new position as executive chairman.

In addition to managing Apple’s relationship with US President Donald Trump, the 65-year-old CEO frequently visits China to oversee the company’s relations with that nation. Longtime Chairman Art Levinson will be the lead independent director as part of the changeover.

The company announced in a statement on Monday that Cook will become executive chairman. Ternus, 50, spent 25 years concentrating on product development at the iPhone manufacturer before taking over as head of hardware engineering in 2021.

Ternus was Cook’s apparent successor. Longtime deputy Tom Marieb will take over the hardware engineering division. Johny Srouji, the recently appointed Chief Hardware Officer, will be his supervisor. Srouji is taking charge of a recently merged hardware engineering and hardware technologies group in that capacity.

Ternus must now forge a new course for one of Silicon Valley’s most illustrious companies. Apple has struggled to catch up in artificial intelligence, a technology that could revolutionize how consumers use devices, despite the company’s continued strong growth. According to Cook’s statement, “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor.”.

He is unquestionably the best candidate to guide Apple into the future because he is a visionary whose contributions to the company over 25 years are already too numerous to count. Only a few weeks have passed since the company’s 50th anniversary celebration, which featured Paul McCartney’s live performance at the Apple Park campus.

World’s Top Energy Trader Vitol Posts $2B Q1 Profit Amid Geopolitical Volatility

Posted on April 21, 2026 by Olumide Adesina

Vitol Group has informed banks that it made a first-quarter profit of about $2 billion to reassure lenders about losses in certain areas of its business amid the war in Iran

The profit figure discussed informally during conversations over the past week was described as indicative.

Early in March, the Middle East conflict rocked the world’s energy markets, driving up the price of gas and oil and interfering with the flow of cargo, including some that Vitol itself owned and became stuck in the Persian Gulf.

The company has been briefing banks following Bloomberg’s April 11 report that Vitol was reorganizing its derivatives team, which had suffered large losses after being caught on the wrong side of price movements in the early days of the war.

For traders like Vitol, which made $37 billion in three years during 2022–2024 when Russia’s full-scale invasion of Ukraine sparked an energy crisis, significant disruptions in commodity markets are typically beneficial.

The company—owned by roughly 600 of its top employees—became the world’s most profitable trading house. It is a massive player in the energy markets, handling enough oil every day to supply Germany, France, Spain, Italy, and the UK combined, but it is little known outside of the commodities sector.

Vitol communicates about its performance to its banks rather than formally announcing its results to the public in an industry that depends on large credit lines to finance the cargo being shipped around the world. The company’s full-year profits fell from $8.7 billion in 2024 to roughly 30% to 50% last year. Even though that suggests the worst outcome since before 2022.