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Meta Cuts 8,000 Jobs After Record $56.3B Quarter and $921M Executive Options
Meta entered 2026 with strong momentum. The company reported a record $56.3 billion in quarterly revenue and billions in profit, showing the strength of its advertising business. Yet, in a surprising move, Meta announced plans to cut around 8,000 jobs while increasing its focus on artificial intelligence. The decision has drawn even more attention because…
New Zealand shares -0.26% S&P/NZX 50 Index, Nvidia -4%, AMD -6% Nasdaq Composite -2%, S&P 500 -1%
Global markets faced fresh pressure on June 24, 2026, as a sharp selloff in semiconductor stocks rattled investor sentiment. NVIDIA fell around 4%, while AMD dropped nearly 6%, dragging the Nasdaq Composite down about 2% and the S&P 500 lower by 1%. The weakness also spread to Asia, with New Zealand’s S&P/NZX 50 Index slipping…
Syrma SGS Technology (NSE: SYRMA) Surges 3.95% After Signing Kaga Electronics JV to Build Advanced EMS Facility in India
Syrma SGS Technology shares jumped 3.95% to ₹1,388.05 on the NSE on June 23, 2026, following a strategically significant announcement. The Chennai-based electronics manufacturing services (EMS) company executed a joint venture agreement with Kaga Electronics India Private Limited to establish, develop, and operate a technologically advanced EMS manufacturing facility in India, with a dedicated focus…
Oracle Cuts 21,000 Jobs as Workforce Falls to 141,000, AI-Driven Restructuring Trims 13% of Staff
Oracle’s workforce dropped to 141,000 employees in fiscal 2026 after the company reduced its headcount by about 21,000 workers, a decline of roughly 13%. The move comes as Oracle accelerates its investment in artificial intelligence, cloud services, and large-scale data centers. Announced in June 2026, the restructuring reflects a growing trend across the tech industry,…
Birla Corporation (NSE: BIRLACORPN ) Shares Jump 4% After Commercial Operations Begin at Bikram Coal Mine
Birla Corporation (NSE: BIRLACORPN) delivered a sharp 4% stock gain after officially commencing coal mining at its Bikram Coal Mine in Burhar, Shahdol, Madhya Pradesh on April 23, 2026, at 12:32 PM IST. The disclosure was filed under SEBI Regulation 30. The mine holds 9.44 million tonnes of extractable G8-grade thermal coal reserves, with a…
Australian Stocks Slip 0.14%; Perenti Global Gains 4.8% While WiseTech Leads Decliners with 17% Drop
Monday, June 22, 2026 handed Australian stocks a difficult start to the week. The S&P/ASX 200 slipped 0.15% by midday. It recovering from an early 0.5% drop as investors reacted to fresh Middle East developments, including claims that the Strait of Hormuz had been shut again. US Vice President JD Vance arrived in Switzerland for…
NVIDIA Corp Stock News: NASDAQ: NVDA +2.95% as Gracy Chen Highlights Onchain Trading vs Traditional Finance
NVIDIA Corp (NASDAQ: NVDA) climbed 2.95% on June 22, 2026, as investors continued to bet on strong demand for AI technologies. At the same time, Bitget CEO Gracy Chen sparked fresh debate over onchain trading and its growing role in global finance. Her comments highlighted how blockchain-based markets are evolving alongside traditional systems. As AI…
Nikkei 225 (INDEXNIKKEI: NI225) Jumps 1.96% as Progress in US-Iran Peace Talks Lifts Market Sentiment
Global markets started the week on a positive note as the Nikkei 225 rallied after encouraging updates from the ongoing US-Iran peace negotiations. Investors welcomed signs that diplomatic talks were moving forward, easing fears over energy supplies and inflation. The improvement in market sentiment supported Japanese equities, while investors also monitored oil prices, bond yields,…
Apple Faces iPhone Price Hikes as AI Chip Shortage Bites, June 21
Apple CEO Tim Cook warns iPhone prices will rise due to AI-driven memory shortages, with Pro models potentially increasing $270 USD (¥43,000).