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Microsoft's AI Costs Spook Investors, Stock Takes a Dive - Professional coverage
BusinessCloudSoftware

Microsoft’s AI Costs Spook Investors, Stock Takes a Dive

According to MarketWatch, Microsoft's stock fell sharply, down about 7% in after-hours trading following its December-quarter earnings report. This drop…

Overpath raises €1.6M to fix sales teams with AI - Professional coverage
AISoftwareTechnology

Overpath raises €1.6M to fix sales teams with AI

According to Silicon Republic, Dublin-based startup Overpath has raised €1.6 million in a funding round led by venture firm Elkstone,…

LVGL and Renesas are making embedded HMIs way easier - Professional coverage
HardwareSoftwareTechnology

LVGL and Renesas are making embedded HMIs way easier

According to Embedded Computing Design, the open-source Light and Versatile Graphics Library (LVGL) is a key framework for building modern…

AutomationBusiness

Nestlé Announces Major Workforce Restructuring, Citing Automation and Efficiency Goals

Nestlé will eliminate 16,000 positions worldwide, representing 6% of its global workforce. The company’s new CEO cited automation and operational efficiency as key drivers behind the restructuring plan that will unfold over the next two years.

Global Food Giant Implements Workforce Reduction Strategy

Nestlé, the world’s largest food company, will eliminate approximately 16,000 positions globally over the next two years, according to reports from Fortune. The workforce reduction represents about 6% of the company’s total employees and includes 12,000 white-collar positions along with 4,000 manufacturing and supply-chain roles.

Economy

Homebuilder Confidence Jumps as Fed Rate Cuts Improve Housing Outlook

Builder confidence posted its largest monthly gain since January as Federal Reserve rate cuts began lowering mortgage costs. The improvement comes as private sector data becomes crucial with government housing reports delayed during the shutdown.

Homebuilder Sentiment Rebounds Sharply in October

The National Association of Home Builders/Wells Fargo Housing Market Index reportedly surged five points to 37 in October, marking its highest level since April and the largest monthly improvement since January 2024, according to the latest survey data. The index, which measures builder confidence in current and expected sales conditions, remains below the 50 threshold that separates positive from negative sentiment, indicating that while pessimism is abating, challenging conditions persist across the housing sector.