Amazon.com Inc.

'It wasn't sustainable or real': Tech layoffs approaching Great Recession levels

‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels

The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …

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A technological rebound may be necessary for a full market recovery.  These are the stocks that could lead

A technological rebound may be necessary for a full market recovery. These are the stocks that could lead

The key to a sustained market recovery may lie in one of the weakest sectors this year: technology. As of Friday’s close, the Nasdaq Composite was 30% off its closing high of 16,057.44 on Nov. 19, 2021. It has sold off sharply since then as tech stocks have fallen amid runaway inflation and higher Federal …

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Fired from your technical job?  Here's what you need to do to increase your chances of getting hired

Fired from your technical job? Here’s what you need to do to increase your chances of getting hired

The tech world has been rocked by mass layoffs as giants like Meta, Twitter and Elon Musk-owned Amazon bleed jobs amid economic uncertainty. The number of IT layoffs in 2022 alone accounts for more than half of all layoffs since Covid-19, according to layoffs.fyi, a tracking website. “Tech companies of all shapes and sizes are …

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Amazon is down 40% this year - is it time to buy?  Market pros give their opinion

Amazon is down 40% this year – is it time to buy? Market pros give their opinion

Once a Wall Street darling, Amazon has lost some of its luster this year. The e-commerce giant’s stock fell more than 40%, significantly underperforming the S&P 500, which fell about 15% over the same period. That’s not all. In a memo to staff on Friday, CEO Andy Jassy said the company had made the “difficult …

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Exclusive: Jeff Bezos says he will donate most of his money to charity |  CNN Business

Exclusive: Jeff Bezos says he will donate most of his money to charity | CNN Business

Washington CNN Business — Amazon founder Jeff Bezos plans to donate the majority of his $124 billion net worth over his lifetime, telling CNN in an exclusive interview that he will dedicate most of his wealth to the fight against climate change and supporting people who can unite humanity in the face of deep social …

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Jim Cramer: Why the two-day rally that ended last week matters - and what to expect next

Jim Cramer: Why the two-day rally that ended last week matters – and what to expect next

Let’s say you wanted to design a program to reduce inflation. Wouldn’t you do exactly what Federal Reserve Chairman Jerome Powell is doing? You would raise rates aggressively, and I defy you to say that it does more than that. You’d ignore positive numbers like the weak consumer price index printed last week by sending …

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Retailers' biggest holiday wish is to get rid of all that excess inventory

Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …

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Inflation slows and markets soar, driven by tech stocks: How we make sense of this big week

Inflation slows and markets soar, driven by tech stocks: How we make sense of this big week

Markets closed higher for the week after a stellar rally on Thursday that saw big tech stocks soar amid weaker-than-expected consumer price index (CPI) data for October. The S&P 500 closed more than 5% higher for the week, its best week since June. Bond yields and the U.S. dollar fell as investors hoped CPI news …

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After this week's big market rally, here's a quick update on the 32 stocks in our portfolio

After this week’s big market rally, here’s a quick update on the 32 stocks in our portfolio

Following a historic stock market rally on Thursday, the best single-session gain in more than two years, we wanted to provide members with a quick update on our current thoughts on the 32 stocks held in Jim Cramer’s Charitable Trust. , which we use as our club’s portfolio. Apple (AAPL): Own it, don’t trade it; …

After this week’s big market rally, here’s a quick update on the 32 stocks in our portfolio Read More »

Cramer: Meta layoffs show Mark Zuckerberg 'has religion' on costs, but needs to cut more

Cramer: Meta layoffs show Mark Zuckerberg ‘has religion’ on costs, but needs to cut more

Club holding Meta Platforms’ (META) announcement on Wednesday that it is laying off approximately 13% of its workforce, or more than 11,000 employees, is a sign to us that CEO Mark Zuckerberg, in the words of Jim Cramer, “has religion” when it comes to trying to control the company’s uncontrollable costs. While we don’t welcome …

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