Chegg to Cut Jobs, Restructure, and Focus on AI-Powered Skilling
Chegg is cutting 388 jobs, bringing back former CEO Dan Rosensweig, and shifting focus to AI-driven skilling as online traffic and revenue decline.
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Wayfair Q3: Sales Grow 8% as Shoppers Rush to Buy Before Tariffs Hit
Wayfair (W) reported strong third-quarter 2025 results with revenue up 8% to $3.1 billion and orders rising 5%. Despite a net loss, adjusted profits beat expectations as customers shopped ahead of new tariffs.
NVIDIA Invests $1 Billion in Nokia to Accelerate AI and 6G Growth
NVIDIA makes a $1 billion equity investment in Nokia, acquiring a 2.9% stake to boost AI-driven 5G and 6G innovation. The partnership aims to strengthen Nokia’s role in AI networking and data center solutions.
TeraWulf Secures Massive AI Partnership and Earns Top Analyst Rating
TeraWulf is boosting its shift to AI infrastructure with a huge $9.5 billion joint venture with Fluidstack, supported by Google, leading to an "Outperform" rating from Oppenheimer.
FDA Issues Major Warning to Philips Over Medical Device Quality Failures
The U.S. FDA sent a warning letter to Royal Philips (PHG) regarding critical manufacturing and quality system violations at three medical device facilities, leading to a 5% drop in stock value.
Stephens Initiates Overweight Coverage on Candel Therapeutics, Citing Transformative Pipeline and Limited Competition
Candel earned a $15 stock rating. Its key drug, CAN-2409, is seen as transformative because it improves current treatments.