Tag Archives: cut

[unable to retrieve full-text content]Why stocks could still rise even as rate cut hopes fade  Yahoo Finance Source link

The San Francisco 49ers intend to release defensive lineman Arik Armstead after the two sides failed to agree on a restructured contract, according to multiple media reports. Per NBC’s Matt Maiocco, Armstead declined to take “a significant pay cut” to his scheduled salary of $17.4 million next season on the final year of his five-year, $85 million contract. He’ll hit the market as a free agent. NFL’s free agency period officially starts Wednesday. News of Armstead’s pending release arrives… Source link

Gold hit new highs on Tuesday as investors continue to bet that major central banks will start cutting interest rates this year. On Tuesday morning gold futures (GC=F) reached a high of $2,150.50 after April contracts settled at a record $2,126.30 per ounce in the prior session. Tuesday’s intraday spot gold touched a record of $2,141.79 per ounce before paring back gains. The precious metal is considered a safe haven during times of geopolitical tensions and when interest rates decrease. While… Source link

More than 600 Google workers and counting have signed a letter addressed to Google marketing leadership demanding that it drop its sponsorship of Mind the Tech, an annual conference promoting the Israeli tech industry taking place in New York this week. “Please withdraw from Mind the Tech, issue an apology, and stand with Googlers and customers who are despairing over the overwhelming loss of life in Gaza; we need Google to do better,” reads the letter, which was seen by WIRED. The two-day… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It’s unclear how he would… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link

Appen, an Australian data services company that Google contracted with for a large number of its third-party search quality raters, was notified by Google that its contract is ending on March 19, 2024. Appen said it had no prior notice and the cancellation would result in a loss of $82.8m of revenue at a gross margin of 26% for the company. What search quality raters do. Google’s quality raters assess the quality of the Google search results. They do not directly influence the search… Source link

Angle down icon An icon in the shape of an angle pointing down. Google CEO Sundar Pichai. NurPhoto/ Getty Images; Tyler Lee/ BI Googlers are fighting back against the company after years of being treated like “family.” The search giant plans to cut more jobs in 2024 after cutting 12,000 last year. Staffers have taken aim at its “glassy-eyed leaders” and organized protests in response. In 2012, Larry Page stressed how important it was that Google acted like a “family.” The… Source link

Due to changes in business needs, Google has decided to restructure operations at certain of its facilities, including at the facility (if any) at which you work. This restructuring is scheduled to start on January 10, 2024. Based on this decision, we have had to make some difficult decisions about ongoing employment of some Google employees and we regret to inform you that your position is being eliminated. We recognize how much this impacts you and regret the need to move in this… Source link

The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC. The layoffs will impact employees within Google’s hardware and central engineering teams, as well as workers across Google Assistant, its voice-activated software product. Other parts of the… Source link