Tech companies MSFT, GOOG, AMZN and SAP are profitable, but layoffs continue
by Some of the world’s largest Internet companies may have strong balance sheets, but their employees have not been able to avoid layoffs. From Microsoft to …
Category: Business
Dow Jones Futures: Split-Market Rally Jerks On This Moody’s Warning
Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. X The stock market rally rallied sharply Thursday morning, but …
Asian markets are mostly lower as investors weigh Yellen’s comments on banks
3 minutes ago ‘You need to separate that legal control’: Ex-US General Counsel amid concerns over TikTok’s ties to China Chinese tech giant and TikTok …
Bitcoin is regaining momentum as investors shrug off concerns from banks and the Fed
Bitcoin shows resilience, recovers above $28,000 So much for fears about federal monetary policy, increased regulatory activity and banking turmoil. A day after bitcoin plummeted …
Layoffs in California bring job growth to a halt: San Francisco and Silicon Valley are hardest hit
But only 8% of Alphabet’s layoffs and 13% of Meta’s layoffs are in California, based on the California WARN reports. By Wolf Richter for WOLF …
Will we soon feel the economic pain Powell warned about?
Last August, as the Federal Reserve found itself in the midst of its most aggressive rate-hiking campaign in decades to bring down the highest inflation …
Ford’s plan for EV profitability by 2026
Ford on Thursday forecast a drastic turnaround for its electric vehicle division and reiterated that it expects its EV business to be solidly profitable by …
Accenture plans to cut 19,000 jobs as IT spending slows
Accenture PLC will shed about 19,000 jobs, or 2.5% of its workforce, over the next 18 months as the professional services company seeks to cut …
Credit funds examine Silicon Valley Bank’s ‘mythical, enormous’ loan book
As private credit investors scour Silicon Valley Bank’s $74 billion loan portfolio, they find huge chunks that aren’t all attractive. The Federal Deposit Insurance Corporation …
Central banks continue to hike rates amid banking turmoil
March 23 (Reuters) – The Bank of England followed the Federal Reserve and the Swiss National Bank in raising interest rates on Thursday, saying the …