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DAVOS, Switzerland — The economic gloom is flowing as freely as the expensive wine at this year’s World Economic Forum (WEF). But don’t put Trump’s former top economic adviser and Goldman Sachs banker Gary Cohn in the recession camp. “When I talk to people and ask them about their business, they seem to think their business is OK,” Cohn, now the vice chairman of IBM, told Yahoo Finance Live at the WEF this week (video above). “So everyone here seems to think the other person has a problem…. Source link

(Bloomberg) — Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand. Most Read from Bloomberg The magnitude of the cuts couldn’t be learned, but the person, who asked not to be identified discussing confidential matters, said the reduction will be significantly larger than other rounds at… Source link

Netflix (NFLX) earnings are set for release on Thursday, kicking off two-week period during which most of the market’s biggest tech companies will report their quarterly results. And according to Wedbush analyst Dan Ives, investors are focused on three big questions ahead of these results. First, a key focus will be on whether enterprise spending is holding up better than feared. Over the past decade, there’s been a rapid adoption of cloud services, with this trend accelerating during the… Source link

(Adds Insider report, background) Jan 17 (Reuters) – Microsoft Corp plans to cut about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported on Tuesday, citing sources. The reported 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. Microsoft could cut recruiting staff by as much as one-third even as many teams have initiated a… Source link

This article is part of our Yahoo DFS Basketball series. After a busy slate for Martin Luther King Jr. Day, the NBA will only bring four games to the table Tuesday. The Nets will be back in action, trying to win their first game since Kevin Durant (knee) went down when they take on the Spurs in San Antonio. The Clippers, who have dealt with plenty of injuries of their own this season, will host the 76ers. Let’s digest all of the games on the schedule and highlight some players to… Source link

(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

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

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

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

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