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20.05.26 - 08:12
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Meta Reportedly Starts 8000 Job Cuts (AFX)
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WASHINGTON (dpa-AFX) - Meta Platforms, Inc. (META) is reportedly carrying out another major round of layoffs, with up to about 8,000 positions expected to be cut across several regions, including ......
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19.05.26 - 20:30
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Google, Blackstone to Create AI Cloud Firm (Bloomberg)
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Bloomberg's Caroline Hyde and Ed Ludlow discuss Google's decision to create an AI cloud business with Blackstone which will run on Google's homegrown AI chips. Plus, the legal battle between Elon Musk and his OpenAI co-founders ends with a jury ruling that Musk waited too long to sue. And, Meta bets big on Louisiana for the world's biggest AI facility, as it plans AI-related layoffs this week. (Source: Bloomberg)...
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19.05.26 - 20:06
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Meta Platforms Will Be a $3 Trillion Company By This Date (24/7 Wall St.)
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Meta Platforms (NASDAQ:META) is in an awkward stretch. The stock sits 11.23% below where it traded a month ago, yet the business just printed its strongest growth quarter in years. Our 24/7 Wall St. price target for Meta is $860.03 over the next 12 months, implying 40.71% upside from the $611.21 close. The recommendation is ... Meta Platforms Will Be a $3 Trillion Company By This Date...
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19.05.26 - 19:36
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How AI is Already Reshaping the Workforce | Open Interest 5/19/2026 (Bloomberg)
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Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Wall Street's chipmaker trade unravels. AI reshapes workforces from Meta to Standard Chartered, while Home Depot sales miss as high borrowing costs hit consumers. Plus, JPMorgan's David De Boltz on the AI debt boom, McLaren CEO Zak Brown on racing's Triple Crown, and Williams CEO Chad Zamarin on natural gas powering the AI future.
Correction: Corrects attribution of video used in show (Source: Bloomberg)...
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19.05.26 - 16:48
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Meta′s AI Worker Shift; Home Depot Sales Fall Short | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Shares of CoreWeave (CRWV) and other neo-cloud companies slump premarket after Alphabet agreed to create an artificial intelligence cloud business with Blackstone. Google agreed to create an AI cloud business with Blackstone.
- Meta (META) shares are moving as it's reassigning workers to new jobs related to artificial intelligence as part of a broad corporate restructuring. The new corporate structure will be "flatter" and mean "smaller teams", according to Chief People Officer Janelle Gale.
- Home Depot (HD) shares are moving in the premarket after sales at Home Depot locations open at least a year rose 0.6% during the three months ended May 3, slightly below the average of analysts' estimates. Home Depot's business has been hit by elevated interest rates and high housing prices, which have sparked a pullback in home purchases and upgrade projects. (Source: Bloomberg)...
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