Food delivery platform Swiggy is planning to lay off 380 jobs, citing challenging macroeconomic conditions, according to an internal mail seen by Reuters on Friday, and joined a list of Indian startups that are shedding their workforce.
Microsoft MSFT reports its Q2 FY23 earnings Tuesday January 24 after the market closes. With a Zacks Rank #4 (Sell), we can see analysts have been revising earnings estimates lower. Following these downward revisions will Microsoft be able to meet these now lowered expect
Market indices never got above water during today’s trading session, with the four majors off session lows but tracking downward as of the closing bell. The Dow, which has now given back all of its 2023 gains as of today, sank another -252 points, -0.76%, the identical pe
Netflix Inc co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.
Top advertisers on Twitter slashed their spending after Elon Musk's takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company's dominant revenue source.
E-commerce giant Amazon (NASDAQ: AMZN) is diving deeper into its cost-cutting spree. On Wednesday, the company decided to pull the plug on Amazon Smile, the charitable donation program it started in 2013. The last contributions will wind their way through the Smile system on Feb.
U.S. stock indexes fell on Thursday after data pointing to a tight labor market sparked worries that the Federal Reserve will continue with its aggressive rate-hiking cycle that could potentially tip the economy into a recession.
The Invesco S&P 500— Downside Hedged ETF is seeing unusually high volume in afternoon trading Thursday, with over 227,000 shares traded versus three month average volume of about 75,000. Shares of PHDG were down about 0.6% on the day.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to another month of solid job growth and continued labor market tightness despite efforts by the Federal Reserve to cool demand for workers.
U.S. stock indexes fell on Thursday as worries about a looming recession crept into the foreground of the earnings season, while shares of Procter & Gamble fell after the company warned of cost pressures.
The United States pitched its vision of "worker-centric" trade. China promised an "all-round opening up". Europe spoke of its quest for strategic autonomy. And industrial policy - backed with lots of state cash - is no longer a dirty word.
It's a bit soon to simply declare the bear market over, but things clearly aren't quite as ugly as investors recently feared. Companies remain in the black, inflation is cooling, and jobs are still plentiful. China is reopening after months of pandemic-prompted lockdowns as well,
U.S. stock indexes were set to open lower on Thursday as recession worries crept into the foreground of the earnings season, while shares of Procter & Gamble fell as it warned of cost pressures.
Last year was one of the worst years in Amazon's (NASDAQ: AMZN) history, as the stock lost half of its value. It's on pace for its slowest year of revenue growth ever. The company is laying off 18,000 corporate workers and taking other cost-cutting moves, like closing dozens of w
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains tight despite higher interest rates.
After a challenging year, Amazon's (NASDAQ: AMZN) stock is down 41% year over year, experiencing steep declines in its e-commerce business in 2022. But the company has started the new year with a bang: Its stock has risen 14% since Jan. 1.
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