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U.S. stocks fell Wednesday, snapping the market's October winning streak as artificial-intelligence shares weakened. The note also highlighted moves in Intel, TSMC, Micron, SpaceX, Caterpillar, Deere, Roblox, Neogen, Constellation Brands, Fair Isaac and Hewlett Packard Enterprise.
U.S. stocks fell Wednesday as rising bond yields and oil prices pressured equities and erased momentum from the artificial-intelligence rally.
Fair Isaac said in a regulatory filing it will eliminate 15% of its workforce. The move is expected to cost $27 million in pretax charges.
By George Glover Fair Isaac stock is on a nightmarish run -- and it just announced a raft of job cuts but these won't be enough to change investors' minds about the struggling credit score provider, down 59% this year due to fiercer competition. Fair Isaac said in a filing late Tuesday that it would eliminate about 15%
Fair Isaac (FICO) announced a significant workforce reduction, cutting 15% of its staff. The credit score provider, which has seen its stock fall 59% this year, attributes the job cuts to increased competition.