Tag: business news
Google parent to lay off 12,000 workers in latest blow to tech sector
Google's parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday,
Netflix founder Reed Hastings is giving up his CEO role
Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Disney slams Peltz for lack of media experience, but its board is light on it, too
Disney's board is almost entirely made up of executives who lack media and entertainment experience.
Thinking of jumping back into Big Tech? This investor is wary of 2 stocks in particular
Fund manager Trent Masters says some Big Tech stocks might be worth avoiding for now.
Asia-Pacific markets mostly fall as investors digest Chinese economic data
As the Bank of Japan kicks off its two-day monetary policy meeting, 10-year Japanese government bond yields will be in focus.
China reports 3% GDP growth for 2022 as December retail sales, industrial production beat estimates
China's GDP for 2022 was expected to have grown by its slowest since 2020, the year the pandemic began.
Shenzhen stocks rise 2%, Asia markets mixed on cooled U.S. inflation outlook
Markets in the Asia-Pacific traded mixed as expectations of cooled inflation in the U.S. lifted investor sentiment.
EU wants Chinese visitors to give negative Covid test and wear mask on plane
European nations agreed to recommend imposing new restrictions on travelers from China amid fears of an increase in Covid cases.
The biggest mistakes owners make when selling their business
There's a lot at stake for an entrepreneur when they sell their business, as 80% to 90% of owners have their financial wealth locked up in their companies.
Salesforce to cut staff by 10% in latest tech layoffs
Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.
Hong Kong stocks rise 3%, leading gains in the Asia-Pacific as investors look ahead to Fed minutes
Hong Kong shares rise 3% as investors look ahead to the Fed's meeting minutes, watching for signs of more interest rate hikes.
Pressure mounts on Musk, Tesla after big Q4 deliveries miss
The Wall Street Journal's Tim Higgins on Tesla's stock plunge after the company's misses on delivery estimates. With CNBC's Brian Sullivan and the Fast Money...
Metaverse off to ominous start after VR headset sales shrank in 2022
Meta is betting big on virtual reality as an anchor technology for its metaverse, but VR isn't catching on yet within the mainstream.
The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards
Some market players have stuck their neck out with price calls for what could be another volatile year.
Binance's native BNB token plunges to lowest since July as concerns mount about withdrawals, FTX ties
Crypto exchange giant Binance, the firm that would potentially bail out FTX, is facing its own questions now, and investors are selling out of its native coin.