Gaming ‘somewhat resilient’ against weak economy

Microsoft’s The head of gaming said on Wednesday that video games can withstand economic weakness, even as the software maker expects a slower rebound in other parts of its consumer-oriented business. Rising prices and interest rates have prompted investors to hurry up and find financial markets that can withstand a downturn. Gaming remains a high … Read more

Google shuts down gaming service Stadia in latest cost-cutting efforts

google shuts down its digital gaming service Stadia, the latest ambitious project to cut costs as the company seeks to cut costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users we expected,” Phil Harrison, a vice president of Google, wrote in a … Read more

How to play for free and in-game purchases took over video games

In this weekly series, CNBC looks at companies that made it to the first Disruptor 50 list 10 years later. Amid the popularity of free-to-play, downloadable games and gaming platforms such as “Fortnite”, “League of Legends” and Roblox, it has become extremely rare for a high-profile video game to be released now without some sort … Read more

How to play for free and in-game purchases took over video games

In this weekly series, CNBC looks at companies that made it to the first Disruptor 50 list 10 years later. Amid the popularity of free-to-play, downloadable games and gaming platforms such as “Fortnite”, “League of Legends” and Roblox, it has become extremely rare for a high-profile video game to be released now without some sort … Read more

Google shuts down gaming service Stadia in latest cost-cutting efforts

Google is shutting down its digital gaming service Stadia, the latest ambitious project to cut costs as the company seeks to cut costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users we expected,” Phil Harrison, a vice president of Google, wrote in … Read more

5 things you need to know before the fair opens on Wednesday 7 September

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters Here are the key news items investors need to start their trading day: 1. Looking for direction Stocks are collapsing and it’s hard to see how the markets are quickly shaking it off, as September is … Read more

Cybersecurity stocks beat the market in a volatile economy

CrowdStrike IPO at the Nasdaq Exchange June 12, 2019. Source: Nasdaq Economic concerns were a major theme in the tech industry during Q2 earnings season as companies warned of slower spending on advertising, gadgets, e-commerce and software. But with interest rates rising and inflation hitting a 40-year high, part of the technology sector still shows … Read more

Powell speech delivers hard lesson for markets: ‘Don’t fight the Fed’

Friday’s warning from Federal Reserve Chairman Jerome Powell — that the central bank has no plans to cut higher interest rates once it finishes raising them — caused ripples across markets as stocks plunged and stocks collapsed. short-term yields rose. Powell delivered his much-anticipated speech at the Fed’s annual Jackson Hole symposium in a quick … Read more

Biden’s new corporate tax hike won’t hurt most US companies

Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference on the Inflation Reduction Act outside the US Capitol on August 4, 2022 in Washington, DC. Drew Angerer | Getty Images Business advocacy groups have lobbied hard against the 15% minimum corporate tax rate that Congress just passed as part of the Inflation Reduction … Read more

Walmart fires corporate employees after cutting forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart has begun laying off company employees, the company confirmed Wednesday, about a week after it cut its earnings forecast and warned consumers had been pulling back on discretionary spending due to … Read more