Apple stock slips due to cost-cutting rumours
Apple's stock slipped by 2 percent after Bloomberg published a report indicating the tech giant plans to scale down its operations next year – including slowing hiring and cutting spending.
Insider sources told Bloomberg that the cuts will only affect certain business units, whereas other dep... Read more
Snowflake is a bright spot in an otherwise dark week on Wall Street
Snowflake is a ray of sunshine during a week that has seen Wall Street witness dismal earnings reports. The company's earnings report showed it more than doubled revenue in the most recent quarter while offering strong guidance.
Snowflake is a cloud data warehousing company whose revenue of $334... Read more
IT companies make huge win on stock market
IT companies perform better than expected on Wall Street. Salesforce is the biggest winner, with a share price increase of 26 percent in just one day. Facebook, Apple and NetApp are also doing well.
American IT companies can be happy with the results of yesterday's stock market. For Salesforce, ... Read more
Splunk has a very good quarter and expects only more growth
Looks like Splunk's gonna be okay for a while. The company involved in the analysis of large amounts of data exceeded Wall Street's expectations. It had another good quarter, with strong financial results.
Splunk has therefore raised its expectations for the coming year. In addition, the company ann... Read more