Yahoo News

By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 4% in morning trade. The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research. Alphabet now faces a challenge from Microsoft Corp in a branch of tech… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 20, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Corporate earnings season will be in full swing by the end of next week. Big banks, airlines, and Netflix (NFLX) have all released… Source link

Charles Hoskinson, co-founder of the Cardano blockchain network, said he is considering acquiring CoinDesk, the media arm of the struggling Digital Currency Group, saying journalistic integrity needs to be restored to reporting on cryptocurrencies and blockchain. CoinDesk is reportedly exploring a sale. See related article: DCG’s crypto lender Genesis files for bankruptcy Fast facts “My interest on the media side is more broad… I would like to figure out how to get to journalistic… Source link

Yahoo Sports’ Frank Schwab, Scott Pianowski and Matt Harmon explain why this year’s Jacksonville Jaguars remind them of the 2021 Bengals. Video Transcript FRANK SCHWAB: I love the Jaguars here. And I hate being against Scott on anything. But I just look at this Jaguars team, and it is throwing off so many 2021 Bengals vibes to me. You got the team that’s hot late in the year, they’ve won six in a row, there’s the ascending quarterback. Look, I know people aren’t watching the Jaguars week… Source link

Netflix (NFLX) freeloaders, beware! The company is ramping up its password sharing crackdown. Following fourth quarter earnings results on Thursday that saw subscriber numbers leap past expectations, the company warned in its quarterly letter to shareholders it will be intensifying its push to combat password sharing. “Later in Q1, we expect to start rolling out paid sharing more broadly. Today’s widespread account sharing (100M+ households) undermines our long term ability to invest in and… Source link

Netflix (NFLX) freeloaders, beware! The company is ramping up its password sharing crackdown. Following fourth quarter earnings results on Thursday that saw subscriber numbers leap past expectations, the company warned in its quarterly letter to shareholders it will be intensifying its push to combat password sharing. “Later in Q1, we expect to start rolling out paid sharing more broadly. Today’s widespread account sharing (100M+ households) undermines our long term ability to invest in and… Source link

Shares of Oatly (OTLY) may be down more than 88% since its IPO in 2021, but one analyst expects the plant-based beverage giant to see a turnaround in 2023. “From a company perspective, we think bearish sentiment has peaked, fundamentals have bottomed,” said Mizuho Analyst John Baumgartner. “In 2023, we expect supply chain acceleration, new distribution growth, acceleration in Asia from the improved COVID situation in China, as well as better commodity costs, and also an improving liquidity… Source link

Share Tweet Share Email Yahoo and Taboola closed their previously announced 30-year exclusive commercial agreement. This unique deal makes Taboola the exclusive native advertising partner for all of Yahoo’s digital properties, strengthening Taboola’s position as a leading native advertising offering for advertisers, publishers and merchants on the open web. The partnership brings Taboola to Yahoo’s iconic digital properties, which reach nearly 900 million monthly active users worldwide… Source link

The legal team for Hannah Gutierrez-Reed, the Rust armorer, has released a statement after she was charged with two counts of involuntary manslaughter for the death of Halyna Hutchins. (Photo: Hannah Gutierrez-Reed via Instagram) Hannah Gutierrez-Reed, the Rust armorer charged alongside Alec Baldwin with involuntary manslaughter for the death of cinematographer Halyna Hutchins, “will be exonerated of wrongdoing,” her attorneys say. On the heels of the charges being announced on Thursday, her… Source link

Seth Curry has scored at least 22.6 Yahoo points in five of his last seven games. There are five games in the NBA on Thursday, one of which will feature the Pistons taking on the Bulls in Paris. We’ll also have a championship rematch from last season when the Celtics play the Warriors. Two teams who entered the season with hopes of making deep playoff runs, but are currently without some of their best players, will face off when the Suns host the Nets. Let’s dig into the options on Yahoo… Source link