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Investing.com -- Shares of Xerox Corp (NASDAQ:XRX) fell sharply after-hours Thursday, down 15%, following the company’s announcement of an 80% reduction in its quarterly dividend. The move comes as Xerox prepares for the acquisition of Lexmark, which has prompted a strategic shift in capital allocation to prioritize debt repayment.

Investors drew breath on Thursday from the recent selling across markets fueled by weakness in long-dated government debt, and pushed up stocks, the dollar and bond prices. There is no shortage of economic fundamental reasons to be bearish in the long term, but perhaps the recent selling has gotten a little excessive. U.S. says it agreed with Japan that dollar-yen reflectsfundamentals 2.

The human capital management industry is grappling with softening spending by enterprise clients due to economic uncertainty that has pressured tech budgets. "We remain focused on executing in this uncertain environment and are reiterating our fiscal 2026 subscription revenue guidance of $8.8 billion," said Chief Financial Officer Zane Rowe. Workday expects subscription revenue of $2.16 billion for the second quarter.

Net sales increased 6.5 percent to $1.02 billion in Q4 compared to $959.76 million the same time last year.

Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 6.6% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high, edging past the $110,000 mark.

Shares of video game retailer GameStop (NYSE:GME) jumped 7.8% in the afternoon session after stocks tied to digital assets surged as Bitcoin, the world's largest cryptocurrency by market cap, reached a new all-time high, edging past the $110,000 mark.

These three megacap crypto projects are seeing big upside again today.

(Bloomberg) -- Wall Street’s enthusiasm for Target Corp. is at its lowest in more than six years, as disappointing earnings from the big-box retailer spur a series of analyst downgrades. Most Read from BloombergNY Private School Pleads for Donors to Stay Open After Declaring BankruptcyCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNYC’s War on Trash Gets a Glam SquadNJ Transit Makes Deal With Engineers, Ending Thr

The S&P 500 slipped less than 0.1% on Thursday, May 22, after the House narrowly passed the Republicans' "big beautiful" tax and spending bill.

U.S. stocks ended a wobbly day mostly lower in what has been a rocky week because of worries coming out of the bond market about the U.S. government's mounting debt. The S&P 500 slipped less than 0.1% Thursday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite rose 0.3%.