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Google is planning to reduce senior executives’ pay as part of a cost-cutting drive that includes laying off 12,000 workers.  Sundar Pichai, chief executive of Google and its parent Alphabet (ticker: GOOG), said employees at the senior vice president level and above would get lower bonuses, The Wall Street Journal reported, citing people who heard the remarks at a companywide meeting on Monday.  Source link

U.S. stock futures wilted Tuesday morning after back-to-back gains as investors evaluated another round of corporate earnings results. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each fell roughly 0.3%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.4%. Among specific names in focus early Tuesday, General Electric’s (GE) stock pushed higher in pre-market trading after the industrials company delivered an upbeat profit forecast, citing… Source link

Veteran web company Yahoo! has emerged as the most imitated brand in phishing attacks over the last three months of 2022, according to Check Point’s quarterly Brand phishing report, which highlights the organisations most frequently exploited by cyber criminals when trying to steal personal or credit card data. Check Point’s research unit says it observed a 23% spike in illegitimate use of Yahoo!’s branding, accounting for 23% of all noted attempts. This appears to have been the… Source link

Farmers Insurance Open La Jolla, CaliforniaTorrey Pines (South Course) – Par 72 – 7,765 yardsTorrey Pines (North Course) – Par 72 – 7,258 yardsField – 156 entrantsPurse – $8.7M The Preview The birdie-fest haters are licking their chops for what projects to be a difficult setup at Torrey Pines, where the Farmers Insurance Open hosts a full 156-man field that should expect to see nearly four-inch rough, lining narrow fairways into small poa greens on the extremely long South Course. An abnormal… Source link

Google CEO Sundar Pichai announced mass layoffs on Friday.Justin Sullivan/Getty Images A Google engineer said he was shocked to find out he was laid off at 3 a.m. on Friday. Chris McDonald told Insider he was locked out of work accounts 20 minutes after reading the notice. He hoped Google’s layoffs were a “wake-up call” to other tech workers who were still in their jobs. A Google engineer who was recently laid off said he was locked out of the company’s online system 20 minutes after finding out… Source link

Intel (INTC) may report another negative earnings surprise when it reports fourth-quarter results and guidance on Thursday, according to Citi. “We expect Intel to guide below the normal seasonal range for 1Q23 revenue and EPS given continued weakness in the PC and data center end markets,” Citi chips analyst Chris Danely wrote in a new client note on Tuesday. “We expect Intel to give full year guidance and talk about a 2H23 recovery but we do not believe it will happen until 2024 and our… Source link

Illustration: Allie Carl/Axios Google is seeking to dismiss a lawsuit from the Republican National Committee accusing the tech giant of bias in its handling of email, as it ends a pilot program that allowed senders of campaign emails to bypass users’ spam folders, per a filing seen by Axios. Why it matters: Conservatives remain angry with Google, which they believe has unfairly marked their campaign messages as spam, and they now control one house of Congress. Driving the news: Google’s motion… 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 Tuesday, January 24, 2023 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with the Yahoo Finance App. One of the regular charges leveled at participants of the World Economic Forum in Davos is they talk a big game on climate change…… Source link

Elon Musk said Google had a “standing interest in buying Tesla” in testimony in the securities fraud trial. The Tesla CEO said this helped encourage him to try to secure funds to take the EV maker private. According to a 2015 book, Musk and former Google CEO Larry Page had an $11 billion deal in place for Tesla.   … Source link

Last month, Google added end-to-end encryption support for RCS group chats in the Messages app. Google has focused on improving the default messaging experience for Android users in recent months and Google Messages now may be gearing up to add the ability to support user profiles in the Google Messages app. As per a screenshot posted in a Reddit post by u/seeareeff, Google may begin adding user profiles to Google Messages. The screenshot contains a page in the app’s settings called… Source link