Google parent Alphabet (GOOGL) on Friday became the latest technology giant to lay off thousands of workers -- a move we expected from the Club holding given falling advertising revenue and growing fears of a recession. "I take full responsibility for the decisions that led
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter's full-time headcount has dwindled to approximately 1,300 employees, including fewer than 550 full-time engineers by title, according to internal records viewed
Even as mortgage rates come off of recent highs, buyer demand remains constrained. And that’s affecting home-list prices, according to a new report. The report by Redfin RDFN, +9.70%,
In this article W Follow your favorite stocksCREATE FREE ACCOUNT Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair's stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to support company-wide cost reductions. The announcement marks
Financial stocks and some beaten-up technology stocks staged a rally this week even as the major averages headed for a week of losses. As of midday Friday, all three major averages were on pace for modest weekly losses as earnings season kicked into gear and
In this article CRMAMZNMETAMSFT Follow your favorite stocksCREATE FREE ACCOUNT Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon Prime Air drone Source: Amazon In 2013, Amazon founder Jeff Bezos appeared on CBS' "60 Minutes" to reveal a futuristic plan his company had been secretly pursuing to deliver packages by drone in 30 minutes. A pre-recorded demo showed
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker's battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM DETROIT - General
A visual representation of Bitcoin. Edward Smith | Getty Images Cryptocurrencies rose this week even as U.S. equities briefly retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing. Bitcoin was last higher by about 12% for the week, according to
Earnings news will keep investors busy and markets volatile in the coming week, as the Federal Reserve's next rate hike gets closer. A diverse group of more than 80 S & P 500 companies report including industrials, such as Boeing and transports like Union Pacific
