Meta Cuts Jobs in Reality Labs: Navigating Challenges Amid Ambitious Tech Investments Meta, formerly known as Facebook, has been at the forefront of virtual and mixed reality technology, aiming to revolutionize the way we interact with the digital world. However, as the company refines its vision for Reality Labs, recent layoffs have shed light on […]
P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions
P&G Lowers Sales Guidance on ‘Volatile’ Market Conditions Procter & Gamble (P&G), a leading manufacturing company renowned for its wide range of consumer goods, has recently announced a revision in its sales guidance due to what it terms as ‘volatile’ market conditions. This decision comes on the heels of a 1 percent increase in prices […]
Intuit expects solid Q3, but profit forecast falls short
Intuit’s AI-driven financial tools and tax season demand fuel strong revenue growth Intuit, the software company behind popular financial tools like QuickBooks and TurboTax, is gearing up for a solid third quarter performance. Despite the positive outlook, the company’s profit forecast has fallen short of expectations. Intuit’s reliance on AI-driven technologies and the seasonal peak […]
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market Associated British Foods Plc, the owner of the popular fast-fashion retailer Primark, recently made headlines by lowering its sales growth forecast. The company cited weak UK consumer sentiment as a primary factor contributing to this adjustment, alongside a significant 6.4 percent drop in like-for-like sales during […]