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The hype around quantum computing continues to build, but for many players, it’s still a high-stakes waiting game. Quarterly results from Xanadu Quantum Technologies prove it. Xanadu’s net loss widened in the quarter to $20.6 million (28 cents a share) from $12.2 million (22 cents a share) a year ago.
The SPDR Russell 1000 Yield Focus ETF (NYSEARCA:ONEY) harvests income from large-cap American stocks by screening the Russell 1000 for companies combining high yield with quality and low financial risk. With ONEY trading near $125 and up about 20% over the past year, the question for holders is whether the distributions backing that performance are ... Russell 1000 Dividend ETF Hits $125 as Johnson & Johnson Leads The Safety Test
IBM (NYSE:IBM) is facing a lawsuit that accuses the company of racially discriminatory layoffs targeting Black executives. The suit alleges a pattern of race based terminations tied to shifts in regulatory and compliance priorities. The case raises questions about IBM's diversity, equity, and inclusion practices and its internal governance controls. For investors following NYSE:IBM as a large enterprise technology and services provider, this case adds a social and governance angle to the...
Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. • The cuts come after the software provider delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. Kyndryl did not disclose how many jobs would be affected by the move.
