Today: 8 May 2026
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NYSE:MHO 19 December 2025

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  • Smith & Nephew Launches Initial $250M Phase of $500M Share Buyback
    May 8, 2026, 8:28 AM EDT. Smith & Nephew PLC initiated the first part of its $500 million share repurchase program, announcing a $250 million buyback phase on Friday. The medical technology company aims to return value to shareholders through this move. Share buybacks involve a company purchasing its own shares from the market, often to boost stock prices or earnings per share.

Latest article

Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

Cloudflare AI Layoffs Hit 1,100 Jobs After Q1 Earnings Beat; Stock Slides

8 May 2026
Cloudflare will cut over 1,100 jobs, or about 20% of staff, as it shifts operations toward AI, incurring up to $150 million in related charges. Shares fell 19% after its second-quarter revenue forecast missed estimates, despite a 34% rise in first-quarter revenue to $639.8 million. Departing staff will receive base pay through 2026 and extended benefits. AI use inside Cloudflare has surged more than 600% in three months.
Fidelity Layoffs 2026: 800 Jobs Cut As Boston Firm Rebuilds Tech Teams And Hires Thousands

Fidelity Layoffs 2026: 800 Jobs Cut As Boston Firm Rebuilds Tech Teams And Hires Thousands

8 May 2026
Fidelity Investments will cut about 800 jobs, or 1% of its global workforce, as it restructures technology and product-delivery teams. The company plans to hire around 5,300 workers this year, including 2,000 early-career employees. The shift comes days after Fidelity ordered thousands of staff in Boston and other offices to return to the office five days a week starting in September.
CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill

CoreWeave Stock Drops as $99 Billion AI Backlog Runs Into Bigger Spending Bill

8 May 2026
CoreWeave shares dropped about 7% in pre-market trading after the company forecast second-quarter revenue below analyst expectations and raised its 2026 spending outlook. First-quarter revenue more than doubled to $2.078 billion, but net loss widened to $740 million. The company reported a revenue backlog of $99.4 billion as of March 31. CoreWeave recently announced major deals with Meta, Jane Street, and Anthropic.
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