Nike Inc. is reportedly looking to cut more than 1,600 jobs, as part of its plan to cut costs so it can create capacity to boost profitability and innovation.The jobs cuts won’t affect employees in stores, distribution centers or those involved in innovation, The Wall Street Journal reported late Thursday, after reviewing an employee memo.The report comes two months after the athletic shoe, apparel and accessories giant NKE, -0.26% said in its second-quarter earnings call that it was targeting $2 billion in ...

Apple is reportedly preparing to launch a new software development tool that will use generative artificial intelligence to help automate coding work.The new AI powered software tool is set to help simplify the coding process by auto-generating blocks of code in a manner similar to Microsoft’s Github Copilot, Bloomberg reported.Apple has now expanded testing of its new tool which is set to launch as part of its newest version of software development package Xcode. Apple AAPL, -0.16% could launch its new AI ...

Billionaire Jeff Bezos has sold another $2 billion in Amazon.com Inc. shares, bringing his total in stock sales this month to about $6 billion. According to a Securities and Exchange Commission filing Thursday, the Amazon AMZN founder and executive chairman sold about 12 million Amazon shares on Tuesday and Wednesday, at prices ranging from $166.50 to $170.92 a share. Bezos... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. An ...

Facebook parent Meta Platforms Inc. and nemesis Apple Inc. are it again. The warring tech giants exchanged unpleasantries Thursday after Meta META published instructions advising advertisers how to avoid paying a 30% service charge related to Apple’s AAPL iOS. The workaround applies to “boosted posts,” which let advertisers boost their content... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already ...

Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock was surging in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, or $2.02 a share, in the year-prior quarter. On an adjusted basis, Applied Materials... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Alre ...

NEW YORK — Several exclusive Xbox games will be soon making their way to rival consoles, the video gaming brand and its parent company, Microsoft, announced Thursday. In a special edition of the Official Xbox Podcast, Microsoft Gaming CEO Phil Spencer confirmed that four Xbox games will no longer be exclusive. That means players should be able to access them on other companies’ platforms. Spencer... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from a ...

Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter. The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were modeling $451 million in revenue as well as $113 million in adjusted Ebitda. Shares... Master your money. Subscribe to MarketWatch. ...

Shares of Coca-Cola Co. gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc. Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share. Shareholders of record on March 15 will receive the new dividend on April 1.... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subsc ...

Wells Fargo & Co.’s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but the company still faces other pending actions. Wells Fargo WFC rose 6.9%, outpacing gains in the financial sector. Wells Fargo said the Office... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a su ...

Investors have gotten used to incredible year-over-year comparisons during the past several quarters for Nvidia Corp., which continues to lead the market for graphics-processing units being deployed by data centers to support their corporate clients’ build-out of artificial-intelligence technology. Nvidia NVDA is scheduled to announce results for the fourth quarter of its fiscal 2024 next Wednesday at 5 p.m. Eastern time. The consensus among analysts polled by FactSet is for the company to report quarterly ...