Team QwikNewz
Amazon recently announced plans to lay off 30,000 employees, a move that analysts say is driven by the company’s need to fund extensive investments in GPU technology for its AI cloud services. While some reports suggest AI is directly replacing workers, experts emphasize that the layoffs are part of a …
As businesses finalize their strategies for 2026, many are pausing white-collar hiring or preparing for workforce reductions. The trend reflects a cautious approach amid economic uncertainties and shifting market conditions. Several firms have communicated limited or no new hiring plans, while others are considering layoffs to streamline operations and control …
Across the United States, foreclosure activity has increased, with lenders reclaiming homes at a rising pace. This trend is particularly pronounced in five states where more than one in every 250 homes is currently in foreclosure. These areas are experiencing a sharper rise compared to the national average, highlighting localized …
A building in Kettering that served as a homeless hostel and has been boarded up since 2019 is set to be transformed into affordable flats. The redevelopment aims to provide new housing options for local residents. The project marks a change in use for the property, which has remained unused …
Newly released documents indicate that Jeffrey Epstein sent £75,000 to Peter Mandelson. Emails also show a £10,000 payment to Mandelson’s husband shortly after Epstein’s release from prison. Correspondence suggests Mandelson discussed efforts to influence bonus policies following these transactions. **Why this matters** The financial links between Epstein and Mandelson have …
Nvidia CEO Jensen Huang has addressed recent reports suggesting dissatisfaction with OpenAI, stating that he is not unhappy with the company. Huang emphasized that Nvidia plans to make a significant investment in OpenAI, describing the opportunity as part of a larger, transformative moment in the industry. Discussions involving Nvidia, Microsoft, …
Shares of SecureAlert Inc. (OTCMKTS: TRCK) fell below their 50-day moving average during Thursday’s trading session. The stock’s 50-day moving average stands at $0.32, while the price dropped to as low as $0.2810. The last recorded trade was at $0.35, with a total volume of 24,000 shares exchanged. The decline …
Oconee Federal Financial Corp. (NASDAQ: OFED) experienced a decline in its stock price on Thursday, falling below its 50-day moving average. The stock’s 50-day moving average stands at $15.68, while shares traded as low as $15.20 during the session. The last recorded trade price was $15.30, with a trading volume …
Short interest in Oxford Lane Capital Corp.’s 5.00% Notes due 2027 (NASDAQ: OXLCZ) declined notably during January. As of January 15, the number of shares sold short was 159, down 34.8% from 244 shares reported on December 31. This decrease indicates a reduced level of bearish sentiment or speculative selling …
Shares of Quad Graphics, Inc. (NYSE: QUAD) fell below their 50-day moving average during Thursday’s trading session. The stock’s 50-day moving average is $6.14, while shares traded as low as $5.98 and closed near $6.05, with a volume of 115,185 shares. This movement may attract attention from investors who monitor …