Amazon begins cutting jobs in the Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021. David Rider | Bloomberg | Getty Images Amazon began laying off employees in its business and tech workforce on Tuesday as CEO Andy Jassy ramps up efforts to contain costs. The company has notified employees … Read more

Tencent bets on the growth of cloud computing abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in China’s economy and a tougher gaming market. Bobby Jip | Reuters tencent said it will launch new cloud computing products aimed at overseas markets as it looks for new avenues for growth amid a slowdown in its core online video game … Read more

Tencent bets on the growth of cloud computing abroad amid gaming slowdown

Tencent has faced a number of headwinds in 2022, including a Covid-induced slowdown in China’s economy and a tougher gaming market. Bobby Jip | Reuters tencent said it will launch new cloud computing products aimed at overseas markets as it looks for new avenues for growth amid a slowdown in its core online video game … Read more

Amazon begins cutting jobs in the Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, USA, on Tuesday, October 5, 2021. David Rider | Bloomberg | Getty Images Amazon began laying off employees in its business and tech workforce on Tuesday as CEO Andy Jassy ramps up efforts to contain costs. The company has notified employees … Read more

Nintendo conducts 10-for-1 stock split to lure new investors

Nintendo performed a 10 for 1 stock split that lowers the price of an individual stock. The 133-year-old Japanese gaming giant hopes the move will make it more affordable for a wider group of investors to buy the company’s shares. Zhang Peng | Light Rocket | Getty Images Nintendo conducted the previously announced 10-for-1 stock … 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

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

Nintendo conducts 10-for-1 stock split to lure new investors

Nintendo performed a 10 for 1 stock split that lowers the price of an individual stock. The 133-year-old Japanese gaming giant hopes the move will make it more affordable for a wider group of investors to buy the company’s shares. Zhang Peng | Light Rocket | Getty Images Nintendo executed the previously announced 10-for-1 stock … Read more

Market needs a break to rise, some possible buys

Every weekday, the CNBC Investing Club with Jim Cramer will be hosting a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Monday’s key moments. The Market Needs a Break Why Jim Invests in the Two-Year Treasury Quick Lists: JNJ, LLY, AMZN, QCOM, DHR reached an 11-year high of 3.5% before declining again. … Read more

Dow down 1,000 points as losses mount, stocks face worst session since mid-June

The Dow fell more than 1,000 points towards its final trading hour on Tuesday as losses accelerated, led by technology stocks, as bond yields rose, keeping all three stock benchmarks on track for their worst session since at least mid-June after an unexpected rally consumer price inflation in August. What is going on The Dow … Read more