Tag Archives: cut

(Bloomberg) — Amazon.com’s price target was cut at Morgan Stanley, which wrote that the online retailer’s profits could come under pressure as a result of a rising headcount and higher wages. Most Read from Bloomberg The firm lowered its target from $4,300 to $4,100, putting it below the average analyst target of $4,157. The new view still points to upside of almost 20% from Amazon’s last close. Morgan Stanley, along with every other firm tracked by Bloomberg, recommends buying the… Source link

Funding a Roth IRA through the “backdoor” has been a favorite move of aggressive savers in recent years. But the benefit may be much less prevalent if Democrats pass their ambitious multitrillion-dollar budget reconciliation bill. The backdoor Roth maneuver lets a high-income earners contribute money to a traditional IRA and then convert it into a Roth to skirt income limitations in the Roth program, but still take advantage of the tax benefits. Once the move is made – and the relevant… Source link

Corporate America is making a new kind of climate pledge. In recent months, multiple tech giants have pledged to use their reach and resources to join the fight for water conservation. Facebook made an announcement at the end of August declaring their efforts to “be water positive by 2030.” And just this week, Google made a similar announcement to make its data centers more efficient and support water security in the communities it operates in.  Google, Facebook, and Source link

Biden’s latest mortgage assistance can cut your monthly payment by up to 25% While most U.S. homeowners have come through the pandemic unscathed, or even further ahead thanks to money-saving refinances at cheap mortgage rates, millions of others have had to opt for forbearance to put their loan payments on hold. A federal foreclosure ban provided them further protection. Now, those safeguards are falling away. Though more than 1.74 million mortgages were still in forbearance as of Aug. 10,… Source link

Google CEO Sundar Pichai (Photo by Getty Images/Getty Images for Greentech Festival) Getty Images for Greentech Festival It always felt like companies were acting as if they were doing their employees a favor by letting them work remotely. Despite the fact that major corporations, like Microsoft, Google, Amazon, Apple, Facebook, Goldman Sachs, Morgan Stanley and JPMorgan, did phenomenally well during the pandemic, as almost everyone worked from home, there was still the undercurrent… Source link

[unable to retrieve full-text content]Google may cut pay of staff who work from home  BBC News Source link

NEW YORK, Aug 10 (Reuters) – Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently, with long commuters hit harder, according to a company pay calculator seen by Reuters. It is an experiment taking place across Silicon Valley, which often sets trends for other large employers. Facebook (FB.O) and Twitter (TWTR.N) also cut pay for remote employees who move to less expensive areas, while smaller companies… Source link

Come 2034, incoming revenues will be enough to pay about 76% of scheduled Social Security benefits, a 2020 Social Security Administration trustees report predicts. Given that, how might different generations plan for this? Should they plan for a 24% decline in their scheduled benefit? Should they not factor Social Security benefits into their retirement income plan at all? Or might they do something else. “Though I think it far more likely that some combination of reforms will eliminate the… Source link

Anthony Di Iorio will be severing his major ties to the cryptocurrency industry and selling his current venture Decentral to start a philanthropic foundation in the next year, the Ethereum co-founder told CoinDesk in a phone interview. “I’m a crypto guy and I don’t want to be known as a crypto person,” he said. “I want to be known as a problem solver.” Concerns about his personal security figured “a good 20%” into his decision, he said. Related: Vitalik Buterin Is Involved in a… Source link

Enlarge / Google: “Just look at all these form factors!” There are 3 billion active Android devices in circulation now, and that means developers are eager to support Android. The vast majority of those devices are phones, so for app developers not particularly interested in the wider Android ecosystem, that means pump out a phone app and you’re done. A vibrant ecosystem of non-phone Android hardware is also out there, though—Wear OS,… Source link