RGEN

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants …

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Brazilian court grants bankruptcy protection to retailer Americanas

Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …

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Microsoft to cut 10,000 jobs, adding to tech layoff glut

Microsoft to cut 10,000 jobs, adding to tech layoff glut

DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months …

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Biden's climate agenda has a problem: Not enough workers

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut …

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Wall St falls more than 1% as jobs data fuels fears of further Fed tightening

Wall St falls more than 1% as jobs data fuels fears of further Fed tightening

US private sector payroll rises more than expected The first weekly jobless claims fall Tesla declines as Chinese-made vehicle sales plummet Indices down: Dow 1.02%, S&P 1.16%, Nasdaq 1.47% Jan 5 (Reuters) – Major Wall Street indexes fell more than 1% on Thursday, with the Nasdaq leading the declines, as evidence of a tight labor …

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US stocks fall on recession fears, Nasdaq closes at new bear market low

US stocks fall on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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Chinese firms avoid delisting as US audit watchdog gains full inspection access

Chinese firms avoid delisting as US audit watchdog gains full inspection access

NEW YORK/HONG KONG/WASHINGTON, Dec 15 (Reuters) – The U.S. accounting watchdog said on Thursday it had full access to inspect and investigate businesses in China for the first time ever, eliminating the risk about 200 Chinese enterprises to be launched. American scholarships. The statement by the Public Company Accounting Oversight Board (PCAOB) marks a victory …

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The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

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Wall Street ends lower after Target outlook and Micron bid cut

Wall Street ends lower after Target outlook and Micron bid cut

October retail sales rise more than expected Target’s bleak outlook weighs on retailers Micron supply cut triggers chip sell-off Indices down: Dow 0.12%, S&P 0.83%, Nasdaq 1.54% Nov 16 (Reuters) – Major Wall Street indexes ended lower on Wednesday as a gloomy outlook for Target sparked fresh concerns over retailers ahead of the crucial holiday …

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