In a surprising move just prior to releasing their first-quarter earnings report, Google announced that it would be letting go of about 200 employees from its “Core” teams. This reorganization will involve transferring some roles to India and Mexico, a decision that has raised eyebrows within the tech industry. The Core unit is crucial for
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Amazon recently reported its first-quarter earnings, surpassing expectations with both its earnings per share and revenue figures. The company’s revenue of $143.3 billion exceeded the forecasted $142.5 billion, while its earnings per share of 98 cents outperformed the expected 83 cents. The stock market reacted positively to the news, with Amazon’s stock price rising during
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In the midst of earnings season, investors are looking closely at top analysts’ picks for long-term prospects. Netflix (NFLX) takes the spotlight this week with its better-than-expected results for the first quarter of 2024. Despite the disappointment stemming from the company’s decision to halt reporting quarterly subscriber numbers, BMO Capital analyst Brian Pitz remains bullish
In a recent interview with CNBC’s “ETF Edge,” Brett Winton, the chief futurist at ARK Invest, highlighted five technological areas that he believes will give tech investors an edge in the market. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasized that these sectors are all entering the marketplace
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The fourth installment in the popular Korean franchise, The Roundup: Punishment, has made history by setting a new all-time opening day presales record in its home market. With over 834,000 ticket reservations as of Wednesday morning local time, the crime actioner has accounted for an impressive 95.5% of all sales. This surpasses the franchise’s own
Taiwan Semiconductor Manufacturing’s U.S.-traded shares experienced a 2.4% decline despite surpassing revenue and profit expectations in the first quarter. The company reported minimal structural damage from an earthquake in Taiwan earlier in April, although there were some wafers that had to be discarded. However, the management assured that most of the lost production would be
The electric vehicle maker Tesla, known for its innovative technology and forward-thinking approach, faced a setback as shares fell 2.8% following an internal memo announcing plans to lay off more than 10% of its global workforce. While CEO Elon Musk emphasized the importance of cost reductions and increasing productivity in preparing the company for future
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