S&P 500 closes slightly red as weak business outlook fuels recession fears

S&P 500 closes slightly red as weak business outlook fuels recession fears

AT&T profits on subscriber additions General Dynamics drops after weak outlook Tesla, IBM publish results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan. 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a streak of corporate earnings ranged from dismal to dismal, reigniting concerns about the … Read more

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more

Ad spend on Twitter drops more than 70% in December – data

Ad spend on Twitter drops more than 70% in December – data

24 Jan. (Reuters) – Ad spend on Twitter Inc fell 71% in December, data from an advertising research firm showed, as top advertisers slashed spending on the social media platform following the acquisition of Elon Musk. The recent Standard Media Index (SMI) data comes as Twitter moves to reverse the advertiser exodus. It has introduced … Read more

Microsoft is going to invest more in OpenAI as the tech race progresses

Microsoft is going to invest more in OpenAI as the tech race progresses

23 Jan. (Reuters) – Microsoft Corp. (MSFT.O) announced a further multi-billion dollar investment in OpenAI on Monday, cementing ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc’s (GOOGL) .o) Google. Microsoft recently touted a revolution in artificial intelligence (AI), building on a bet it made … Read more

Wall Street Rises, Driven by Technical Rebound

Wall Street Rises, Driven by Technical Rebound

Baker Hughes falls on missing fourth quarter earnings estimates Activist investor Elliott Management takes a stake in Salesforce Chips on track for biggest daily gain since Nov Indexes up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan. 23 (Reuters) – Wall Street rose Monday, led higher by technology stocks as investors began a week … Read more

Spotify is cutting 6% of jobs, content is leaving

Spotify is cutting 6% of jobs, content is leaving

Jan 23 (Reuters) – Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6% of its workforce and take a related charge of up to $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a slump in demand after two … Read more

Amazon’s AWS is investing $35 billion in Virginia

Amazon’s AWS is investing  billion in Virginia

WASHINGTON, Jan. 20 (Reuters) – The cloud services division of Amazon.com Inc. (AMZN.O) said Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will set up multiple data … Read more

Alphabet cuts 12,000 jobs after pandemic hiring, refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring, refocuses on AI

Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs as it faces “a different economic reality,” it said in a staff memo. experimental projects. The job cuts affect 6% of the workforce and follow thousands of layoffs at tech giants including Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Meta … Read more