Tech giant Oracle has initiated its largest-ever job cuts, impacting thousands globally. Employees received immediate termination notices via email on March 31, with access to company systems revoked. Affected staff were instructed to provide personal email addresses for crucial separation details and severance information, emphasizing the prohibition of retaining confidential data.
AMD +19%, Dow near 50K, Iran peace reports sent oil −7%. DIS +8%: streaming profitable, parks +7%, FY2027 double-digit growth. UBER +10%: bookings +25%, EPS +44%, 'consumers not weakening.' NVO crushed estimates; Wegovy pill strongest-ever GLP-1 launch. SKORE: DIS 7.4 · UBER 7.8 · NVO 7.0
U.S. equity futures were slightly lower to mixed ahead of the open. Nasdaq futures showed mild weakness after recent tech strength. S&P 500 and Dow futures hovered near flat to slightly negative.
Monday fully erased. S&P + Nasdaq ATH; oil −4%. AMD obliterated: rev $10.25B +38%, Data Center $5.8B +57%, Q2 $11.2B guide — Su: 'tens of billions' AI target. PFE +2%: non-COVID +22%, COVID fading. PYPL −10%: Q2 EPS −9% guide kills turnaround narrative. SKORE: AMD 8.6 · PFE 6.1 · PYPL 4.6
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) issued its earnings results on Tuesday. The company reported C$1.77 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$14.48 billion during the quarter. Suncor Energy had a net margin of 12.10%