Baker Hughes, Novartis, Microsoft make deeper cuts as layoff worries mount

Job cuts were back in the market spotlight Thursday as U.S.-listed firms like Baker Hughes and Novartis announced new layoffs, bringing more workforce reductions in energy and healthcare to a field already busy with restructuring at Microsoft and Coursera.

Classover Stock Jumps as BlackRock 8% Filing and TIME EdTech Ranking Put KIDZ Back in Focus

Classover Stock Jumps as BlackRock 8% Filing and TIME EdTech Ranking Put KIDZ Back in Focus

Classover Holdings shares popped Tuesday, drawing brisk volume, after BlackRock revealed an 8% Class B stake. The AI education company also landed on TIME’s 2026 U.S. edtech list. KIDZ was trading at $1.08 late morning, according to Investing.com, up from $0.97 at the previous close. Robinhood’s data showed volume surging to 32.54 million shares, far above the 5.73 million average.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.