Tag Archives: cut

(Reuters) -Amazon.com Inc is undertaking a review of its unprofitable businesses, including the devices unit that houses voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending its shares up 11%. Following a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, while moving to redeploy staff from certain teams to more profitable areas and closing teams in areas such as robotics and retail, the WSJ… Source link

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlim search results on issues ranging from the war in… Source link

The Business Secretary Jacob Rees-Mogg and the recently appointed Trade Minister, Dominic Johnson, are to offload their holdings in a firm that has strong financial links to a Kremlin propaganda machine, i can reveal. Mr Rees-Mogg and Mr Johnson are co-founders and shareholders in Somerset Capital Management LLP, which holds around 2.5 million shares in Russian internet giant Yandex. Known as Russia’s Google, Yandex pumps out pro-Kremlin search results on issues ranging from the war in… Source link

(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link

What’s happening Facebook parent company Meta and Google… Source link

European Commission Vice President Margrethe?Vestager speaks during an interview with Reuters in Brussels, Belgium, March 28, 2022. REUTERS/Johanna?Geron/File Photo Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Alphabet (GOOGL.O) unit Google on Wednesday suffered its second setback in less than a year as Europe’s top court agreed with EU antitrust regulators that it had abused its dominance but trimmed the fine by 5% because of a disagreement on… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all slowed and missed economists estimates in July. The surveyed jobless rate for those aged… Source link

If the Baltimore Ravens want to lock up Lamar Jackson before he becomes a free agent, the team will have to act quickly. Jackson implied Saturday he will cut off negotiations with the Ravens once the regular season begins. [Set, hut, hike! Create or join a fantasy football league now!] Jackson was asked whether he had a deadline for getting an extension done. He replied, “Yeah, we coming up to it. It’s coming up. Season’s coming up. We’re going to be good for the season.” Jackson said he… Source link

Clint Eastwood, Shane Meier and Aline Lavasseur in Unforgiven. The young actors were part of a discarded ending to the film that was shot, but has never been seen. (Photo: Warner Bros./ Courtesy: Everett Collection) Clint Eastwood knows when a story’s been told. Over the course of his filmmaking career, the Hollywood icon has cultivated a famously no-frills style behind the camera, often shooting scenes in one take and excising material he deems extraneous — even if the sequence plays… Source link

Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link