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

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

My big concern with the Fed and why we are in a holding pattern

There is a widespread perception that Federal Reserve Chairman Jerome Powell does not care about corporate news. He is strictly a creature of broad government economic reports – the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment figures. He also cares about what his fellow Fed … 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

5 things you need to know before the fair opens on Thursday 25 August

Traders on the floor of the NYSE, August 24, 2022. Source: NYSE Here are the key news items investors need to start their trading day: 1. Stocks aim for new winning streak Stock futures pointed to a higher open Thursday after a positive Wednesday for all three major US indices. Markets look forward to getting … Read more

Investors should buy these ‘deflation enablers’ to counter an inflationary era, Morgan Stanley says

Rising prices, though a headache for any company, could force an acceleration in investment in technology that boosts productivity, and some innovative companies will benefit the most, Morgan Stanley found. The Wall Street firm believes continued inflation in areas such as labor and energy would lead to transformational investment across all sectors. The bank said … Read more