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Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, U.S. on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon began laying off employees from its corporate and technology staff on Tuesday as CEO Andy Jassy steps up efforts to control costs. The company notified workers in …

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Jim Cramer: Why the two-day rally that ended last week matters - and what to expect next

Jim Cramer: Why the two-day rally that ended last week matters – and what to expect next

Let’s say you wanted to design a program to reduce inflation. Wouldn’t you do exactly what Federal Reserve Chairman Jerome Powell is doing? You would raise rates aggressively, and I defy you to say that it does more than that. You’d ignore positive numbers like the weak consumer price index printed last week by sending …

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From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses, but was it their fault?

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses, but was it their fault?

From the bankruptcy of FTX and the downfall of crypto “rock star” Sam Bankman-Fried to the mayhem on Twitter, it hasn’t been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company confirm his claim that his tenure so far …

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Stock market rally amid FTX blast and Facebook-parent layoffs, says investors could whistle past recession graveyard

Stock market rally amid FTX blast and Facebook-parent layoffs, says investors could whistle past recession graveyard

Investors stunned by last week’s strong rally in stocks may want to listen to Tom Waits’ song, 1978’s “Whistlin’ Past the Graveyard,” to sober up the dangers that still lurk. The surge in stocks catapulted the S&P 500 SPX index, +0.92% TO SPY, +0.97% almost back to the 4,000 mark on Friday, also taking it …

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Inflation slows and markets soar, driven by tech stocks: How we make sense of this big week

Inflation slows and markets soar, driven by tech stocks: How we make sense of this big week

Markets closed higher for the week after a stellar rally on Thursday that saw big tech stocks soar amid weaker-than-expected consumer price index (CPI) data for October. The S&P 500 closed more than 5% higher for the week, its best week since June. Bond yields and the U.S. dollar fell as investors hoped CPI news …

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Thursday's big market rally on cooler inflation doesn't mean we're out of the woods yet

Thursday’s big market rally on cooler inflation doesn’t mean we’re out of the woods yet

Stocks jumped on Thursday after a weaker-than-expected rise in the consumer price index dragged down bond yields and the U.S. dollar on hopes that the Federal Reserve could be less aggressive in its fight against the inflation. The Dow Jones Industrial Average rose more than 2.5%, the S&P 500 rose more than 4%, and the …

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Stocks that move the most at noon: Carvana, Meta, Palantir, Viatris, Walgreens and more

Stocks that move the most at noon: Carvana, Meta, Palantir, Viatris, Walgreens and more

Budrul Chukrout | SOPA Pictures | Light flare | Getty Images Check out the companies making the biggest moves at midday: carvana – Carvana shares fell more than 15%, with trading briefly halted at one point due to volatility. The selloff comes after the used-car seller’s worst day on Friday, when the company lost profits …

Stocks that move the most at noon: Carvana, Meta, Palantir, Viatris, Walgreens and more Read More »

Why Tech Spending Will Rise Even as Tech Stocks Crash and Layoffs Rise

Why Tech Spending Will Rise Even as Tech Stocks Crash and Layoffs Rise

Bloomberg | Bloomberg | Getty Images After recent big tech company profits and headlines of industry layoffs, tech investors can be excused for feeling a little confused: Is the tech-driven economy about to fall off a cliff? recessive? Actions like Amazon.co.uk and Microsoft was beaten after missing analysts’ growth forecasts for its cloud computing business, …

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Wall Street is cutting price targets this earnings season.  Here are 13 stocks that bucked the trend

Wall Street is cutting price targets this earnings season. Here are 13 stocks that bucked the trend

As Wall Street banks cut stock price targets across the board this earnings season, only a handful of companies bucked the trend, analysis from CNBC Pro reveals. Of the nearly 300 S&P 500 companies that reported results this earnings season, more than two-thirds — 72% — had their median price targets cut or left unchanged …

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Stocks moving the most midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more

Stocks moving the most midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more

This photograph taken on October 20, 2022 shows the signage of the Wynn Casino complex with Grand Lisboa and Casino Lisboa in the backdrop in Macau. Edouard Leal | AFP | Getty Images Find out which companies are making headlines in the midday business. Wynn Resorts – The casino operator’s shares jumped 10% after a …

Stocks moving the most midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more Read More »