A screen displays GameStop’s logo and business information on the floor of the New York Stock Exchange (NYSE) on March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday that its sales in the third fiscal quarter fell and its cash flow fell sharply, as the bricks-and-mortar retailer worked to expand its digital presence. During …
GameStop reports lower revenue and sharp drop in cash Read More »
Seasonal trends are an often-discussed topic on Wall Street, especially at this time of year as the market approaches the so-called “Santa Gathering” window in late December. This year’s bear market certainly has investors hoping for a bit of holiday cheer. So we thought we’d take a look at what the Santa’s Rally phenomenon is …
The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …
After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …
Tech layoffs send visa holders on frantic job search to avoid deportation Read More »
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 …
‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels Read More »
NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning to Cyber Monday for more discounts on gifts and other items that have skyrocketed in price due to high inflation. According to Adobe Analytics, which tracks transactions at more than 85 of the top 100 U.S. online stores, Cyber Monday …
Cyber Monday deals lure consumers amid high inflation Read More »
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 …
