Microsoft said it’s letting go of 10,000 employees and taking a $1.2 billion charge as the software maker braces for slower top-line growth.

Here are Wednesday’s biggest calls on Wall Street.

Ahead of Wednesday’s session, the Nasdaq kept its rally going, now at seven straight sessions.

Large firearm manufacturers such as Sturm, Ruger are taking a hit as gun sales, which surged in recent years, return to pre-pandemic levels. 

How broad is the latest advance? Most of the larger sectors have all risen in the mid-teens since the October bottom, when viewed on an equal-weighted basis. 

The private equity titan discussed his views on the market and the Federal Reserve on CNBC’s “Squawk Box.”

Southwest Airlines pilots’ union is calling a vote that would give it the power to call for a potential strike, weeks after the carrier’s holiday meltdown.

“We obviously had a disappointing quarter, and we tried to own that, you know, up front,” Solomon told CNBC’s “Squawk Box” on Wednesday.

IEA Executive Director Fatih Birol’s comments come shortly after an independent analysis showed that revenues from Russia’s fossil fuel exports collapsed in December.

The producer price index was expected to decrease 0.1% in December, according to Dow Jones estimates.