Microsoft hosted Sting concert in Davos before announcing layoffs
[ad_1] On Tuesday evening, Microsoft hosted an event. It was an intimate gathering of 50 or so people, including the company’s top executives, who got to while away the evening…
Morgan Stanley reverses IBM upgrade after 9 months as stock outperforms broader market
[ad_1] International Business Machines Corp. shares underperformed the broader market Wednesday after Morgan Stanley reversed a nine-month upgrade on Big Blue’s stock after a defensive bet paid off. IBM IBM,…
Unity Software to lay off more than 200 workers, some projects ‘going in the closet’
[ad_1] Unity Software Inc. is laying off more than 200 employees, making it the latest technology company to implement staff cuts amid mounting recession fears. San Francisco-based Unity U, +2.57% said Tuesday that 284…
SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’
[ad_1] Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even…
Climate startup captures carbon straight from the air in industry first
[ad_1] One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it…
The holiday PC market stunk for everyone except Apple, report says
[ad_1] A sharp drop in global shipments of personal computers in the holiday quarter wrapped up a year of such declines, but Apple Inc. reportedly suffered the least. Global PC…
Could Apple WiFi chips just be a ploy to get a better deal from Broadcom?
[ad_1] Broadcom Inc. shares fell Tuesday following reports that Apple Inc. was working on its own radiofrequency (RF) chips, but one analyst wondered whether those plans would get shelved if…
BofA’s Rick Sherlund predicts software comeback
[ad_1] Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the…
Thousands of Twitter users report login problem
[ad_1] Some Twitter Inc. users experienced technical problems accessing the service through web browsers late Wednesday, in what appeared to be the first widespread outage since the company was taken over by Elon…
MicroStrategy says it bought 2,500 bitcoin but also sold some for tax reasons
[ad_1] MicroStrategy Inc. MSTR, -2.00% has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it…
Florida penthouse bought with crypto sells for $18 million cash
[ad_1] In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for…
BlackBerry’s third quarter tops Wall Street’s earnings expectations
[ad_1] Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares did little in after-hours trading. BlackBerry BB, +0.97% reported a third-quarter…
Car shoppers face the tightest credit market in more than a year
[ad_1] Access to auto credit tightened in November, with nearly every economic factor moving against car shoppers. The Dealertrack Credit Availability Index, which measures how difficult it is for the…
New York bans sales of dogs, cats and rabbits in retail stores
[ad_1] New York State has officially banned the sale of dogs, cats and rabbits at retail pet stores in hopes of improving pet-adoption rates and ending the puppy-mill pipeline. “Dogs,…
Adobe stock jumps after earnings beat, in-line annual forecast
[ad_1] Adobe Inc. shares rose in the extended session Thursday after the software company capped off its fiscal year by topping quarterly earnings expectations, and reminded analysts of its accuracy…
Oracle stock rises as earnings and revenue beat, but profit forecast comes in slightly short
[ad_1] Oracle Corp. topped Wall Street’s expectations for profit and revenue in its most recent quarter, but the software company’s earnings guidance came in slightly lower than Wall Street expected.…
Need to Know: Retail capitulation may be a new year’s gift for the stock market, says this analyst
[ad_1] Retail investors are skittish about this market, and understandably. Our call of the day says that may only help lure back influential investors in the new year. [ad_2] Image…
Amazon launches TikTok-style video and photo feed
[ad_1] Amazon.com Inc. has launched a feature in its app that will offer shoppers a TikTok-style feed of customized videos and photos, according to the Wall Street Journal. The Journal…
DocuSign stock shoots higher after big earnings beat
[ad_1] Shares of DocuSign were flying higher in aftermarket action Thursday after the e-signature company topped expectations with its latest financial results. The company posted a fiscal third-quarter net loss…
Salesforce stock downgraded as executive exodus brings ‘increased risk’
[ad_1] The “magnitude” of executive turnover at Salesforce Inc. has one analyst thinking twice about its stock. Baird analyst Rob Oliver downgraded Salesforce shares CRM, -2.09% to neutral from outperform…
Plaid adds to the wave of tech layoffs as it cuts 20% of staff
[ad_1] Privately held Plaid has joined the wave of technology companies trimming their forces, announcing plans Wednesday to lay off about 260 workers. Chief Executive Zach Perret detailed the cuts…
Microsoft to bring ‘Call of Duty’ to Nintendo if Activision merger approved
[ad_1] Microsoft Corp. said late Tuesday it has made a “10-year commitment” to bring the massively popular “Call of Duty” videogame series to Nintendo Co. consoles, when — and if…
News Corp says Murdoch won’t pursue merger with Fox unless it’s recommended by independent board committee
[ad_1] A News Corp special board committee considering a potential combination with Fox Corp. said it has been delegated full authority to evaluate the proposal. News Corp said Monday that…
Tech jobs gain despite wave of layoff announcements, but warning signs abound
[ad_1] The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to…
Gloomy prediction for home buyers: Prices will continue to rise in 2023, despite a cooling housing market
[ad_1] Home sales are slowing as interest rates rise, and prices are also cooling as buyers are put off by interest rates hovering around 7%, double what they were this…