Eight billionaires hold more wealth than 50% of households in Silicon Valley, nearly half a million people, according to a new report. While the wealth gap narrowed by about 3% nationwide in 2021, it ...
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Big Tech added to a shrinking forecast, but maybe Bob Iger can brighten the mood
Wall Street’s expectations for 2023 have been diving as forecasts for the new year come in light, and the news could get worse once they factor in disappointing results from Big Tech. But at least Bob...
Tech execs can’t stop talking about AI after success of ChatGPT
The pace of artificial-intelligence chatter from executives is picking up after the success of ChatGPT, and it isn’t all from Big Tech. Big Tech companies like Microsoft Corp., Meta Platforms Inc., an...
Tech layoffs may be continuing, but these skills are still in high demand
Tech titans including Google parent Alphabet, Microsoft, Meta META, +2.79%, IBM IBM, +0.27% and Amazon AMZN, +1.96% have announced thousands of job cuts in recent months, as the sector attempts to mee...
‘It is an employer’s market’: Tech layoffs may have turned the Great Resignation into the Great Recommitment
The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in...
Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record
In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jo...
Tech jobs gain despite wave of layoff announcements, but warning signs abound
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 an analysis of U.S. ...
Spotlight on layoffs: Cuts at Amazon, Cisco, Roku, Meta, Twitter, Intel and more
From HP, Amazon, Roku and Beyond Meat to Meta and Twitter, big names across a number of sectors have announced major layoffs in October and November. Alphabet Inc. GOOGL, +1.45% GOOG, +1.53% is consid...
Google looks to shed 10,000 ‘poor performing’ workers: report
Another major tech titan is bracing for thousands of layoffs. Alphabet Inc.’s GOOGL, +1.45% GOOG, +1.53% Google is considering 10,000 layoffs — or 6% of its worldwide workforce — based on a ranking sy...
Apple and Google stocks both had their worst week in more than two years
Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall...
What’s next for markets after Fed’s 4th straight jumbo rate hike
What’s next for markets now that the Federal Reserve has delivered its fourth and possibly final jumbo rate increase of 75 basis points? Well, a lot, actually. A sometimes tumultuous third-quarter ear...
Republicans claim Google is sending their fundraising emails to Gmail users’ spam folders
SAN FRANCISCO (AP) — The Republican National Committee has filed a lawsuit against tech giant Google, alleging the company has been suppressing its email solicitations ahead of November’s midterm elec...
Why the Dow is having a killer month as it heads for best October ever
The Dow Jones Industrial Average has been criticized by some market watchers for being a poor barometer of equity-market performance given its relatively small sample size of just 30 stocks. But this ...
Opinion: Facebook and Google grew into tech titans by ignoring Wall Street. Now it could lead to their downfall
Alphabet Inc. and Meta Platforms Inc. became two of the most valuable companies in the world by largely ignoring Wall Street and its concerns about their spending and big-money acquisitions. Now, in t...
Google ad sales take a hit and widely miss estimates, Alphabet stock drops 6%
Alphabet Inc. is feeling the sting of a downturn in digital-ad spending. Google’s parent company reported just 6% sales growth year-over-year Tuesday and missed widely on its advertising revenue, push...
These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year
This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...
Biden finalized his plan to rein in Big Tech. Big Tech wasn’t invited.
President Joe Biden’s administration issued a checklist of actions needed to rein in Big Tech on Thursday, after a roundtable “listening session” on issues within the technology industry. But administ...
Opinion: Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain
After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an ...
Opinion: Google and Microsoft earnings show the bar has been lowered for Big Tech
Alphabet Inc. and Microsoft Corp. both reported results that missed Wall Street’s expectations Tuesday, but not only did investors not melt down, both actually saw their stocks rise in after-hours tra...
Big Tech earnings are about to determine the direction of the market
Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to ...
Opinion: The cloud boom is coming back to earth, and that could be scary for tech stocks
Cloud computing is widely viewed as a recession-resistant business, but the theory has not really been tested since cloud-service providers have not experienced a major economic downturn since becomin...
Google’s stock split won’t matter in a recession, analyst says
Shares of Alphabet Inc. slumped Monday, with MKM Partners analyst Rohit Kulkarni saying the impact of an economic slowdown could offset the benefits from the long-waited stock split taking effect. The...
These software companies are unsung winners in the semiconductor industry
Mention semiconductors and chip giants such as Intel Corp., Advanced Micro Devices Inc. and NVIDIA Corp. spring to mind, but there are other, less high-profile companies, operating in the space that d...
Apple stock to suffer first ‘death cross’ chart pattern since the pandemic
Apple Inc.’s stock has fallen far enough and for long enough to produce a certain ominous-sounding bearish chart pattern should didn’t appear during the short COVID-19-induced bear-market selloff of e...
Google investors shoot down racial-equity audit while approving stock split
Alphabet Inc. investors rejected 17 shareholder proposals at the Google parent company’s annual meeting Wednesday, including a racial-equity audit, but approved a company proposal to increase the shar...
With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies
Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a grou...
Opinion: Big Tech is no longer winning as big, but these two stocks still seem safe
The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack. As this column told you months ago, profit increases are no ...
Opinion: Google’s earnings should be a warning to investors in Facebook and other online-ad companies
Google’s earnings shortfall is an indication of trouble across the online-advertising industry, and should scare investors in Facebook and other competitors. Google parent company Alphabet Inc. GOOGL,...
Amid a storm in tech sector, Google is staying relatively dry and happy
While other tech companies have faced the fury of Wall Street because of a host of issues, Google parent Alphabet Inc. has largely withstood the storm, and analysts believe it will continue to do so w...
Google’s $5.4 billion deal for Mandiant could have ‘a major ripple impact’ within cybersecurity
Alphabet Inc. plans to acquire Mandiant Inc. for roughly $5.4 billion in a deal that could unleash a long-awaited consolidation across the cybersecurity industry. The Google parent company announced T...
Stock market faces the most ‘massive misallocation’ of ‘capital in the history of mankind,’ says ARK’s Cathie Wood
Cathie Wood, the star fund manager and chief executive of ARK Invest, took to CNBC to defend the woeful performance of the manager’s suite of disruptive innovation funds. Wood told the business networ...
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...