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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Cisco Systems Aug 14 (Reuters) - U.S. and Canadi an companies have continued to cut jobs in 2024 after letting go thousands last year, a s they remain uncertain about t he econom i c conditions . Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Cisco Systems CSCO.O will lay off 7% of its global workforce , as part of a restructuring plan, the networking giant said, about six months after announcin
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Nasdaq short interest down 2% in late July

Nasdaq short interest down 2% in late July NEW YORK, Aug 9 (Reuters) - Short interest on the Nasdaq declined 2% in late July, the exchange said on Friday. As of July 31, short interest fell to about 14.068 billion shares, compared with 14.356 billion shares as of July 15. Investors who sell securities "short" borrow shares and then sell them, on bets the stock will fall so they can buy the shares back at a lower price, return them to the lender and pocket the difference.
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni
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Nasdaq considers stricter delisting rules for penny stocks

Nasdaq considers stricter delisting rules for penny stocks Aug 8 (Reuters) - Nasdaq NDAQ.O is proposing amendments to its rules pertaining to penny stocks to put a faster, more stringent delisting process in place for non-compliant companies, according to a filing posted on the exchange operator's website on Thursday. Nasdaq requires companies listed on its exchanges to maintain a closing price above $1. Companies that fail to meet this criterion for 30 consecutive trading days are deemed to be
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PREVIEW: Robinhood flat ahead of report; analysts eye meme-stock bump

BUZZ-PREVIEW: Robinhood flat ahead of report; analysts eye meme-stock bump ** Shares of Robinhood Markets Inc HOOD.O trading near flat ahead of the stock trading platform's qtrly report after the bell on Wednesday, as investors expect strong rev growth as retail investors trade 'meme stocks' and cryptocurrencies ** Increased trading volumes in Game
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BlackRock, Nasdaq seek rule change to list options on spot ethereum ETFs

BlackRock, Nasdaq seek rule change to list options on spot ethereum ETFs Aug 6 (Reuters) - BlackRock BLK.N and exchange operator Nasdaq NDAQ.O have proposed a rule change to list and trade options for the asset manager's spot ethereum exchange-traded fund, according to a regulatory filing on Tuesday. In July, the U.S. Securities and Exchange Commission (SEC) approved exchange-traded funds tied to the price of ether from major firms, including Franklin Templeton BEN.N , VanEck, Bitwise and 21Shar
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PREVIEW: Super Micro rebounds from AI selloff

BUZZ-PREVIEW: Super Micro rebounds from AI selloff ** Shares of Super Micro Computer Inc SMCI.O rising 1.5% on Tues ahead of the server maker's report after the bell, recovering slightly from a sharp selloff in recent days that slammed stocks connected to the AI rally ** SMCI had tanked 13% in the three sessions through Mon as an unwind of carry trades and investor worry about a U.S.
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PREVIEW: Airbnb up as Wall Street sees rev growth slowing

BUZZ-PREVIEW: Airbnb up as Wall Street sees rev growth slowing ** Airbnb Inc's ABNB.O shares up 4.3% at $130.72 on Tues as short-term rental firm slated to report Q2 results after the bell, with growth prospects on investors' radars ** Stock snapping 3-session skid as equities rebound following a global rout .N ** Last qtr, ABNB's gloomy forecast stoked slowdown fears, overshadowing strong Q1 profit beat ** For Jun qtr, analysts on avg anticipate rev to increase ~10% yr/yr to $2.74 bln, which wo
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Intel layoffs Aug 2 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit ,
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Smart Global drops after convertible debt deal unveiled

BUZZ-Smart Global drops after convertible debt deal unveiled ** Shares of Smart Global Holdings SGH.O down 5% at $22.24 on Thurs as memory chipmaker seeks capital raise ** Co late Weds announced private offering of $150 mln 6-yr convertible bonds (CBs) ** It plans to use net proceeds to pay for capped calls, repurchase portion of existing 2.25% CBs due 2026 ** Co has ~$1.2 bln market cap, per LSEG ** Last month, it announced $200 mln investment from South Korea's SK Telecom 017670.KS to improve
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PREVIEW: Microsoft dips; investors weigh hefty AI bill

BUZZ-PREVIEW: Microsoft dips; investors weigh hefty AI bill ** Shares of Microsoft Corp MSFT.O down >1.5% on Tues ahead of the software heavyweight's qtrly report after the bell, with investors focused on whether growth in cloud-computing business justifies the co's massive investments in AI ** Investors are closely watching capex growth related to AI buildout.
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U.S. STOCKS Bank of Marin Bancorp, ON Semiconductor, Walt Disney

BUZZ-U.S. STOCKS ON THE MOVE-Bank of Marin Bancorp, ON Semiconductor, Walt Disney Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 rose in choppy, range-bound trading on Monday as investors looked forward to a raft of upcoming triggers such as Big Tech earnings, a Federal Reserve policy decision on interest-rate cuts and key labor data.
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U.S. STOCKS Ventyx Biosciences, McDonald's, Pinterest

BUZZ-U.S. STOCKS ON THE MOVE-Ventyx Biosciences, McDonald's, Pinterest Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 rose on Monday, buoyed by megacap stocks as investors awaited Big Tech results, a Federal Reserve policy decision and crucial labor numbers this week.
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Nasdaq rises after Thoma Bravo halves stake

BUZZ-Nasdaq rises after Thoma Bravo halves stake Updates, adds UBS commentary, recasts ** Nasdaq's NDAQ.O shares reverse small premarket loss and last up 1.7% at $68.09 on Mon after private equity firm Thoma Bravo halves its ~15% stake in the exchange operator ** NDAQ announced ~41.6 mln share secondary offering by Thoma Bravo priced at $65.30, 2.5% discount to stock's close on Fri ** Co also to buy back 1.2 mln shares from Thoma as part of its existing repurchase program ** Transactions take Th
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Akamai Technologies rises as Guggenheim turns bullish

BUZZ-Akamai Technologies rises as Guggenheim turns bullish ** Akamai Technologies' AKAM.O shares up ~1% at $97.90 early Mon after Guggenheim upgrades to "buy" from "neutral" ** Brokerage sets PT at $128, implying 32% upside to stock's Fri close ** AKAM set up to transform itself to a platform, and can leverage leadership position in content delivery network (CDN) business to deliver security and cloud solutions, Guggenheim analyst team led by John DiFucci said in note ** CDN technology foundatio
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U.S. STOCKS Tesla, Guardant Health, Abbott Laboratories

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Guardant Health, Abbott Laboratories Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were poised for a strong opening on Monday, as investors geared up for a Federal Reserve interest-rate decision, along with Big Tech earnings and crucial labor numbers after the recent equity sell-off.
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Nasdaq dips as Thoma Bravo halves stake in secondary offering

BUZZ-Nasdaq dips as Thoma Bravo halves stake in secondary offering ** Nasdaq's NDAQ.O shares down 0.4% at $66.69 premarket as private equity firm Thoma Bravo halves its ~15% stake in the exchange operator ** NDAQ announces ~41.6 mln share secondary offering by Thoma Bravo priced at $65.30, 2.5% discount to stock's close on Fri, with Goldman Sachs as sole bookrunner ** Also, NDAQ to buy back 1.2 mln shares from PE firm as part of its existing repurchase program ** Post transactions, Thoma Bravo o
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Nasdaq Announces Launch Of Secondary Offering Of Nasdaq

BRIEF-Nasdaq Announces Launch Of Secondary Offering Of Nasdaq July 26 (Reuters) - Nasdaq Inc NDAQ.O : NASDAQ ANNOUNCES LAUNCH OF SECONDARY OFFERING OF NASDAQ COMMON STOCK NASDAQ INC - TO FUND REPURCHASE USING EXISTING CASH AND BORROWINGS NASDAQ INC - ANNOUNCES SECONDARY OFFERING OF 41,604,207 SHARES NASDAQ INC - GOLDMAN SACHS ACTING AS SOLE BOOK-RU
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Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 bln

UPDATE 2-Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 bln Adds background Adenza and details on public offering in paragraphs 3, 6, 8, 10-14 July 26 (Reuters) - Nasdaq NDAQ.O said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator through a secondary public offering.
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Thoma Bravo to sell Nasdaq shares worth $2.8 bln

Thoma Bravo to sell Nasdaq shares worth $2.8 bln July 26 (Reuters) - Nasdaq NDAQ.O said on Friday private equity firm Thoma Bravo would sell shares worth $2.79 billion in the U.S. exchange operator. Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Devika Syamnath
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