Tag Archives: Big

[unable to retrieve full-text content]3 big calls in the stock market you might have missed this week  Yahoo Finance Source link

[unable to retrieve full-text content]Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief  Yahoo Finance Source link

[unable to retrieve full-text content]Big Tech layoffs: What companies such as Dell, Amazon, and Meta all have in common  Yahoo Finance Source link

There’s nothing more detrimental to the productivity of a workplace than watching trusted colleagues get escorted out of the building amid a mass reduction in force. And with that vibe currently playing out in Big Tech, experts warn job cuts could damage the very fabric of these once-untouchable highly creative institutions. “I think these companies got carried away with overhiring, and they were not careful, and they just hired willy-nilly, and now they’re facing huge layoffs,” Bill George,… Source link

Investors have had a slew of downbeat headlines to kick off 2023. Eye-popping layoff news from tech stalwarts Amazon, Microsoft, Salesforce and 3M. Chip giant Intel reported another tough outlook amid a major slowdown in PC demand. Ford and Tesla slashing prices on EVs as the economy has cooled. Signs that inflation continues to slow — but not at such a rapid pace as to suggest rate cuts from the Federal Reserve later this year. Earnings are meh. And yet stocks are off to a surprisingly… Source link

Between them, some of the world’s biggest tech companies have collectively laid off more than 150,000 workers in recent months. The businesses involved have put forward a variety of reasons for why this was necessary, which mostly come down to a need to reduce costs as economic growth slows down around the world. The Real Reasons For Big Tech Layoffs At Google, Microsoft, Meta, and Amazon Adobe Stock In truth, it isn’t likely to be because the companies involved need money. Microsoft,… Source link

Scottie Barnes and the Toronto Raptors may have lost to the Golden State Warriors on Friday, but the burgeoning star made quite the impression on the reigning champions. Barnes scored 24 points, grabbed six rebounds and dished out five assists, while registering two blocks and shooting 2-for-3 from beyond the arc in the Raptors’ 129-117 loss at Chase Center. The 21-year-old’s performance caught the eye of Warriors’ star Draymond Green, who heaped praise on his opponent in his post-game media… Source link

Scottie Barnes and the Toronto Raptors may have lost to the Golden State Warriors on Friday, but the burgeoning star made quite the impression on the reigning champions. Barnes scored 24 points, grabbed six rebounds and dished out five assists, while registering two blocks and shooting 2-for-3 from beyond the arc in the Raptors’ 129-117 loss at Chase Center. The 21-year-old’s performance caught the eye of Warriors’ star Draymond Green, who heaped praise on his opponent in his post-game media… Source link

Wednesday, Jan. 25, 2023 Microsoft’s $10 billion investment in OpenAI puts Amazon, Google, and others on notice Microsoft (MSFT) is pulling out all of the stops in an effort to ensure that it’s the dominant force in AI among its Big Tech peers. And the Redmond-based software giant’s $10 billion investment in ChatGPT developer OpenAI could be the key to doing just that. The move, which Microsoft and OpenAI announced on Monday, will allow Microsoft to deploy GPT-3, the service that the… Source link

U.S. stocks gained Monday as investors braced for a jam-packed week of corporate earnings and contemplated the Federal Reserve’s next rate move before officials meet later this month. The S&P 500 (^GSPC) advanced 1.2%, while the Dow Jones Industrial Average (^DJI) jumped about 250 points, or 0.8%. The technology-heavy Nasdaq Composite (^IXIC) again led the way higher, rallying 2%. The moves Monday come after the S&P 500 and Nasdaq rallied toward a winning week on Friday, regaining their… Source link