Tag Archives: explains

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 Wednesday, January 18, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Goldman Sachs’ (GS) quarterly results posted Tuesday served as the final marker of a year investment bankers won’t soon want to… Source link

As layoffs in the tech industry accelerate into the year-end, some workers and their families are having to scramble to find a job and remain in the U.S. More than 150,000 people have lost jobs in the industry so far as companies look to course correct after years of high growth and high costs. And a third of those job losses have come just within the last month, according to Layoffs, an online site that tracks tech layoffs. While job cuts usually entail workers brushing off their résumés in… Source link

Get the tissues ready. This one is a bit of a tear-jerker. Dansby Swanson, the Chicago Cubs‘ newest shortstop, who recently signed a seven-year, $177 million deal, revealed Wednesday in his introductory news conference why he decided to join the Cubs after seven years with the Atlanta Braves. “Being a Cub means more to me than people would realize,” Swanson said. “It’s no secret I left my hometown team to be here. But I kept telling everyone it’s more personal to me.” It all comes back to his… Source link

Steve Jobs is considered by many to be the mastermind of Apple (AAPL) and its immeasurable impact on the world of technology. According to one former company executive, however, Jobs wouldn’t have gotten as far as he did without some assistance from Tim Cook, who served as executive vice president for worldwide sales and operations and is now CEO of the company. “While I’m in no position to comment on many things about [Jobs], the journey of [Jony] Ive and Tim Cook and others, the… Source link

Millions of dollars in political contributions have come under scrutiny after disgraced FTX founder Sam Bankman-Fried (SBF) was charged with eight counts of wire fraud, securities fraud, and conspiracy — including conspiracy to violate campaign finance laws. And according to one congressman, there isn’t much that can be been done to prevent a Sam Bankman-Fried-like character from lining the pockets of members of Congress and special interest groups. “Sadly, the answer to that question is we… Source link

The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors are changing their focus… from what the Fed is going to do… to what the Fed has already done… and what their significant tightening policy will do to the economy in 2023 (now that it is finally… Source link

Image: MS_studio/Shutterstock Google has shed more light on how it’s using private data from sensors on your Android phone to update its machine-learning features, such as Live Translate, without sending private data to its cloud servers.  Google last September introduced Live Caption, Now Playing and Smart Reply as features within Android’s Private Compute Core (PCC), which lives in an isolated virtual sandbox within Android 12 and onwards, shielding PCC and its features from the OS and… Source link

Image: MS_studio/Shutterstock Google has shed more light on how it’s using private data from sensors on your Android phone to update its machine-learning features, such as Live Translate, without sending private data to its cloud servers.  Google last September introduced Live Caption, Now Playing and Smart Reply as features within Android’s Private Compute Core (PCC), which lives in an isolated virtual sandbox within Android 12 and onwards, shielding PCC and its features from the OS and… Source link

Although diversity is a core asset for companies, women building their careers still face a number of disparities. A study conducted by Goldman Sachs in March found that women earn more than $20 trillion every year and control one-third of household wealth globally. Yet, they make up just 8% of Fortune 500 CEOs and draw roughly 3% of all venture capital (VC) dollars. “Those women succeed despite the odds,” Julia Boorstin, author of “When Women Lead,” told Yahoo Finance Live (video above). “I… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link