The busiest week of earnings is upon us, with roughly 20% of the S & P 500 slated to report — including some of the biggest companies in the world. Apple, Google-parent Alphabet and Meta Platforms are all scheduled to post their latest quarterly results this week. Pharma giant Pfizer and automakers General Motors and Ford Motor are also among the roughly 100 S & P 500 names on deck. The earnings season thus far has been lackluster. Approximately 140 S & P 500 components have posted their… Source link
Read More »Google-Parent Alphabet Starts Cutting Jobs at Range of Units
Alphabet the parent of search-engine Google, is cutting jobs at its healthcare and robotics units as the latest round of technology-sector layoffs gathers pace. Verily Life Sciences, is letting go of 200 employees, affecting some 15% of roles at the company, and Intrinsic, a robotics software company is laying off 40 employees. Both divisions are within Alphabet’s (ticker: GOOGL) Other Bets unit. The cuts were reported by… Source link
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