Yearly Archives: 2023

Microsoft to cut thousands of jobs across divisions

Microsoft to cut thousands of jobs across divisions

(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft’s move could indicate that the tech sector may continue to… Source link

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Lisa Marie Presley’s daughters to inherit Graceland

Lisa Marie Presley’s daughters to inherit Graceland

Harper Lockwood, Lisa Marie Presley, Priscilla Presley, Riley Keough and Finley Lockwood are honored in Hollywood. (Photo: Axelle/Bauer-Griffin/FilmMagic) A public memorial service for Lisa Marie Presley will be held at Graceland, the singer’s final resting place, on Sunday. The news comes as Yahoo Entertainment can confirm Elvis Presley’s iconic estate in Tennessee will go to her three surviving daughters: Riley Keough, 33, and 14-year-old twins, Harper and Finley Lockwood. “Riley, Harper,… Source link

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FEC dismisses GOP complaint that Google censored fundraising emails in Gmail

FEC dismisses GOP complaint that Google censored fundraising emails in Gmail

The Federal Elections Commission dismissed a Republican-led complaint that Google’s filters in Gmail unfairly send GOP fundraising emails to spam folders at a higher rate than those from Democrats. The Wall Street Journal was the first to report the FEC’s dismissal on Tuesday, citing a commission letter to Google earlier this month saying that it “found no reason to believe” that Google’s spam filtering algorithms were unfairly weighted against Republicans and could be considered… Source link

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It may be time to buy a home—now

It may be time to buy a home—now

The housing market is cooling as consumers grow weary of higher mortgage rates. In December, the number of newly-listed homes sold had fallen about 37% from a year ago, according to Redfin data. What are real estate professionals seeing on the ground? Seana Smith of Yahoo Finance Live recently sat down with Kathy Casey, a Coldwell Banker residential brokerage realtor in Denver, Indianapolis-based Dan O’Brien, a realtor at Trueblood Real Estate, and Sir Ashley Harrison, real estate broker at… Source link

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Nelson Peltz does not understand our business, ‘lacks skills’ to assist board

Nelson Peltz does not understand our business, ‘lacks skills’ to assist board

Disney (DIS) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire. “Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem,” Disney said in an updated proxy statement on Tuesday, adding: “The current Disney board is the right board for shareholders.” The company once again defended its stock performance under CEO Bob… Source link

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Russian opposition leader Alexei Navalny fights for his survival

Russian opposition leader Alexei Navalny fights for his survival

Russian opposition leader Alexei Navalny speaks from prison via a video link during a court session in Petushki, Russia, on Jan. 17, 2022. (Denis Kaminev/AP) Exactly two years after he was arrested upon returning to Russia, convicted on fictitious charges in a trial whose outcome was never in doubt and shipped off to serve an 11-year sentence in a brutal penal colony, dissident politician Alexei Navalny has managed a feat that is rare for Kremlin opponents: He is surviving. Navalny… Source link

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Bills look good, but we were expecting them to be great

Bills look good, but we were expecting them to be great

The problem the 2022 Buffalo Bills have faced all season is that a good season will be viewed as a failure. In a rational world, a 13-3 season with an AFC East championship and at least one playoff win is a reason to celebrate. Only one team can win a Super Bowl. But this was the team that could finally get Buffalo that Super Bowl. The Bills were preseason Super Bowl favorites, and kept that position or close to it all season. The Bills are capable of following through on that preseason hype,… Source link

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Tesla higher as Goldman weighs in on ‘strategic implications’ of price cuts

Tesla higher as Goldman weighs in on ‘strategic implications’ of price cuts

Tesla (TSLA) dropped the bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass-half-empty, half-full approach. Delaney says the price cuts imply concern over reduced demand in the U.S. “While the reduced prices for Models 3 and Y helps the company to better address the roughly 20%-30% of… Source link

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Bank of America CEO on Fed easing: Why 'higher for longer' makes sense – Yahoo Finance

Bank of America CEO on Fed easing: Why 'higher for longer' makes sense – Yahoo Finance

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

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