Microsoft to cut 4,800 jobs as AI reshapes work, says layoffs aren’t replacing employees

Lesley Marks, Mackenzie Investments CIO of Equities, discusses the weakening momentum of some Magnificent Seven stocks. She notes that increased capital expenditures are impacting free cash flow, leading to equity issuance instead of buybacks. Microsoft said on Monday that it will eliminate roughly 4,800 jobs – or about 2.1% of its global workforce – as…

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Samsung Electronics shares fall as capex concerns outweigh strong Q2

The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics shares fell as concerns about spending and demand overshadowed record second-quarter earnings. Shares of the company traded about 9.6% lower on Tuesday, even after…

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Walmart and Sam’s Club drop prices on groceries, summer essentials

Hennion & Walsh Asset Management President and CIO Kevin Mahn analyzes Walmart’s earnings and the state of the U.S. economy on ‘Mornings with Maria.’ Retail giants Walmart and Sam’s Club on Monday announced sweeping summer discounts on thousands of everyday essentials and seasonal items, a move that quickly drew political attention after President Donald Trump…

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