News

Wall Street analysts raised concerns about Palantir’s elevated valuation and famed hedge fund manager Michael Burry revealed a short position.

CEO Dara Khosrowshahi said the company saw one of its strongest trip volume increases in history.

South Korea FX Reserves up to 428.82B in October from previous 422.02B

Advanced Micro Devices (AMD) is scheduled to report its third-quarter 2024 earnings after market close. Expectations are for:

• Adjusted EPS (Earnings Per Share): Analysts project $1.17per share, up from ~$0.92 a year ago)

• Revenue: The consensus estimate stands at $8.76 billion, up ~28% YoY growth.

SMCI is also expected to report with

• EPS estimated at $0.37
• Revenues of $5.82B

This article was written by Greg Michalowski at investinglive.com.

IBM announced it will lay off a small percentage of its global workforce in the fourth quarter — described as a “low single-digit percentage”, likely around 1% (≈2,700 jobs). The company emphasized that U.S. employment will remain flat year over year, suggesting most cuts will occur internationally. The move aligns with broader industry trends as tech companies streamline operations and leverage AI tools to boost productivity.

IBM’s decision follows a strong third quarter, where software revenue rose 10%, helping the company beat earnings expectations. CEO Arvind Krishna has been focusing on expanding IBM’s software and cloud business since 2020. Earlier in 2024, IBM had already trimmed marketing and communications staff and replaced about 200 HR roles with AI systems, reallocating resources toward sales and software development.

Other Tech Company Job Cuts

• Amazon: Cut 14,000 corporate employees in October 2025 as part of a broader cost-control and restructuring effort.

• Meta (Facebook parent): Eliminated 600 jobs in its AI division, streamlining operations within its advanced research units.

• Microsoft: Not cutting staff but planning to hire selectively with “a lot more leverage” through AI-driven productivity gains, signaling slower overall headcount growth.

IBM shares are down -1.33% after the low price today stalled the fall at the 100 hour MA. The current price is at $300.43 down -$4.30 or -1.33%. The price reached a new all time high last weeek at $319.35.

This article was written by Greg Michalowski at investinglive.com.

Shares of pizza chain Papa John’s sank 10% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private.

IBM recently delivered stronger earnings than expected, thanks to a 10% jump in revenue from software, meeting consensus.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

The New Jersey governor’s race comes amid a government shutdown, a decline in approval for President Donald Trump and national concerns about affordability.

• Financial stability risks remain heightened.

• Banks remain well placed to manage the current uncertainty.

• Fragmentation of global trade and finance, and ongoing uncertainty continue to present risks.

• Loan defaults have picked up, although they remain low compared to during the Global Financial Crisis.

• Strong lending standards, including loan-to-value limits have helped to restrict the amount of high risk lending in the system.

• As a small open economy, New Zealand would be exposed to any impacts on global economic activity or volatility in financial markets.

• Banks have increased their resilience to a range of shocks

This article was written by Greg Michalowski at investinglive.com.