Match Group Inc on Wednesday joined a growing list of U.S. companies that are cutting jobs to rein in costs after it announced plans to lay off about 8% of its workforce, or about 200 employees, as spending on its dating apps slows.
FedEx Corp on Wednesday said it would cut its officer and director team by 10% as part of a broad cost-reduction effort that has reduced staffing at the delivery giant by 12,000 workers since June.
Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war.
The 2022 bear market can be summarized in three words: plummeting technology stocks. Of course, there were many variables that caused stocks to fall 20% or more last year, but none was more important than the popping of the tech stock bubble. Share prices of so many leading compa
Walmart (NYSE: WMT) still has its eyes locked on beating Amazon (NASDAQ: AMZN) in e-commerce by launching a new initiative targeting small- and medium-sized businesses (SMBs).
Amazon’s AMZN fourth-quarter 2022 results, which are scheduled to be released on Feb 2, are likely to reflect gains from its strengthening cloud service offerings.The cloud computing division, Amazon Web Services (“AWS”), dominates the cloud market on the back of its grow
Amazon (NASDAQ: AMZN) grew its renewable energy portfolio by 8.3 gigawatts (GW) in 2022. That set the record for the most renewable energy purchased by a company. It brought the company's total portfolio to more than 20 GW, which is enough to power 5.3 million homes.
As the Nasdaq Composite Index, which plunged 33% in 2022, tries to claw back its losses, there are some potentially lucrative opportunities to take advantage of right now. While waiting on the sidelines until the market starts to rebound and the economic picture is more certain m
One way for companies to bring more traffic to their stores is to provide services that customers can't get from an online retailer like Amazon (NASDAQ: AMZN), which could otherwise easily steal sales away from brick-and-mortar shops. Healthcare could provide such an opportunity,
Once the go-to spot for sports fans, ESPN may now be losing its lead. Big tech companies are minting big deals to scoop up sports rights and the fans that come along with them.
Four of the biggest purchasers of servers in North America are Meta Platforms (NASDAQ: META), Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN). These cloud giants and their rapid growth have been a major source of demand for companies th
If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the iShares Russell 1000 ETF (IWB), a passively managed exchange traded fund launched on 05/15/2000.
Launched on 11/08/2005, the SPDR Portfolio S&P 500 ETF (SPLG) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.
Launched on 12/01/2016, the iShares ESG Aware MSCI USA ETF (ESGU) is a smart beta exchange traded fund offering broad exposure to the Style Box - All Cap Growth category of the market.
What will it take for a new bull market to begin? The commonly accepted definition of a bull market is when stock prices rise 20% or more above their previous low. The S&P 500 is up nearly 13% from its bottom reached last October. All it needs to do is gain another 7% or so t
The S&P 500 is up 6% so far in January, and investors have high hopes that 2023 will be a better year than 2022. The tech-heavy Nasdaq, which lost 33% of its value in 2022 as compared with the S&P 500's 19% drop, is up 11% so far. A bull market is usually marked by a 20%
The European Union risks missing its target to connect all European households to a gigabit network by 2030, underscoring the need for more investments, according to a study commissioned by telecoms lobbying group ETNO.
The world's best investors often preach the importance of focusing on the long term. After all, Rome wasn't built in a day, nor were some of the greatest companies in America.
Few investors have run circles around Wall Street quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since ascending to the CEO role in 1965, he's led his company's Class A shares (BRK.A) to an aggregate return of more than 3,800,000% through this past w