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Instablog9ja
2 hrs
13
Nigerians has reacted to Naira Marley’s subtle jab in Zinoleesky’s new song
He said infront of Sam Larry he left the opp boy inside c@sket.
Investopedia
4 hrs
12
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Microsoft (MSFT) reportedly is laying off 650 employees from its Xbox division, the company's third round of unit cuts since closing its $69 billion acquisition of Activision Blizzard last October.
According to a memo from Xbox chief Phil Spencer, the affected employees are "mostly corporate and supporting functions," rather than game development, per . "No games, devices or experiences are being cancelled and no studios are being closed as part of these adjustments today," Spencer added.
Microsoft did not immediately respond to an request for comment.
Microsoft has significantly trimmed its Xbox division this year. In January, Microsoft said it was laying off 1,900 workers in its gaming sector, or about 9% of the unit. In May, Microsoft shuttered multiple Bethesda studios acquired along with its purchase of ZeniMax in 2021, as first reported by .
The company is far from alone in the video game industry. Take-Two Interactive Software (TTWO), the company behind the "Grand Theft Auto" franchise, closed to of its subsidies in May, according to . Just this month, Sony (SONY) said it was removing first-person shooter "Concord" from Playstation 5 consoles and PCs just two weeks after the game underperformed.
Microsoft shares edged higher to $424.51 Thursday afternoon. They are up about 13% in 2024.
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Instablog9ja
5 hrs
13
Gov. Ademola Adeleke’s daughter, Folasade, and singer Lojay has sparked dating rumors after he gifts her a present on her birthday.
Loamy has presented a flower bouquet and balloons with happy birthday babe written on them.
Investopedia
5 hrs
14
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Alaska Airlines (ALK) lifted its projections for profits and revenue per available seat mile (RASM) for the current quarter, citing lower-than-expected fuel costs and benefits from the troubles of competitors during the July CrowdStrike (CRWD) outage that grounded thousands of flights.
The airline lifted its RASM projections for the third quarter to a roughly 2% bump, compared to flat to positive previously, while fuel cost per gallon is projected at a lower range of $2.60 to $2.70, down from $2.85 to $2.95 per gallon previously, a Thursday regulatory filing showed.
As a result of the higher revenue and lower fuel cost, Alaska Airlines lifted its earnings per share (EPS) projection to a range of $2.15 to $2.25, well above previous estimates of $1.40 to $1.60 and the $1.60 projected in analyst estimates compiled by Visible Alpha.
The company said it experienced "strong demand" for air travel through the summer, with its busiest schedule ever and a flight completion rate of 99.3% so far in the quarter.
"While capacity remains in line with prior expectations, revenue has performed better than anticipated driven by additional revenue in July related to CrowdStrike disruptions across the industry and stronger performance in August and September," the company said.
Some of Alaska's competitors, especially Delta Air Lines (DAL), struggled to resume normal operations following the disruptions, leaving room for other airlines like Alaska to gain some customers.
Alaska Air Group shares were 1.3% higher at $40.01 in intraday trading Thursday following the news and have climbed about 2.4% so far this year.
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Top Stock Movers Now: Kroger, Moderna, Newmont, And More
Major U.S. Indexes Edged Higher At ...
Investopedia
6 hrs
9
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Major U.S. indexes edged higher at midday Thursday as a report showed the latest wholesale inflation figures were in line with economists' expectations. The S&P 500, Nasdaq, and Dow all advanced.
Kroger (KR) shares rose after the biggest U.S. grocery chain beat profit estimates and boosted its guidance as price cuts brought in more budget-conscious shoppers.
Warner Bros. Discovery (WBD) shares jumped as the media company struck a new distribution deal with Charter Communications (CHRT). Charter Communications shares gained as well.
Shares of Newmont (NEM) and rival gold miners rose as the price of the precious metal hit an all-time high.
Moderna (MRNA) shares plunged after the vaccine maker said it was slashing its research and development spending.
Shares of Micron Technology (MU) dipped after BNP Paribas Exane gave the stock a double downgrade, warning the chipmaker is lagging behind rivals in artificial intelligence products (AI).
Shares of Tommy Bahama owner Oxford Industries (OXM) fell after the apparel maker reported weaker-than-expected results and slashed its guidance amid a “challenging consumer environment.”
Oil futures climbed and the yield on the 10-year Treasury note was higher. The U.S. dollar gained on the yen but lost ground to the euro and pound. Most major cryptocurrencies traded in the green.
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Instablog9ja
7 hrs
12
Rappers Cardi B and Offset have joyfully welcomed their third child together.
The couple has share the beautiful picture of the family with the new born.
