Barclays

Barclays to cut 5,000 jobs, citing AI efficiency gains

Barclays said Thursday it is cutting about 5,000 jobs, roughly 5% of its workforce, this year. The bank says artificial intelligence and other technology are letting it lower fixed costs and lift returns, Reuters reported. Chief Financial Officer Anna Cross…

Barclays warns AI data center equipment boom is peaking

Barclays analysts say the companies that supply power and electrical equipment to AI data centers are at growing risk of a pricing squeeze from the largest artificial intelligence labs. They argue that the boom in these suppliers' fortunes is close…

Barclays warns Hormuz stalemate could add $10 to Brent forecast

Barclays warned on Friday that risks to its oil price forecasts are skewed higher depending on how long the impasse over the Strait of Hormuz lasts, outlining scenarios in which Brent crude could climb well above $100 per barrel and…

Barclays warns Gemini 4 costs could leave Google cash-flow negative for two years

Barclays issued a stark warning on July 22 that Alphabet could face two consecutive years of negative free cash flow as the company pours capital into training its next-generation Gemini 4 foundation model — even as the bank raised its…

Barclays initiates SK Hynix ADR coverage with $330 target

Barclays initiated coverage of SK Hynix's newly listed American Depositary Receipts on Tuesday with an Overweight rating and a price target of $330, implying upside of roughly 117% from Monday's closing price. The call marks one of the first major…

Barclays cuts Brent crude forecasts as oil prices plunge

Barclays on Friday lowered its Brent crude oil price forecasts to $96 per barrel for 2026 and $85 per barrel for 2027, down from $100 and $88 respectively, as a rapid collapse in oil prices following the U.S.-Iran deal reshapes…