WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more
Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants … Read more
NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the … Read more
SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, … Read more
Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate … Read more
DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months … Read more
Jan 17 (Reuters) – Microsoft Corp (MSFT.O) plans to cut thousands of jobs and some positions are expected to be cut in the human resources and engineering divisions, media reports said on Tuesday. The expected layoffs would be the latest in the US tech sector, where companies like Amazon.com Inc (AMZN.O) and Meta Platforms Inc … Read more
Jan 17 (Reuters) – Bitcoin is in charge in 2023, dragging the crypto market to the ground and electrifying bonk, a new meme coin. The No. 1 cryptocurrency posted a 26% gain in January, surging 22% in the past week alone, climbing back above the $20,000 level and setting itself on course for its best … Read more
Jan 16 (Reuters) – Microsoft Corp said on Monday it was expanding access to wildly popular software from OpenAI, a startup it backs and whose futuristic chatbot ChatGPT has captivated Silicon Valley. Microsoft said the startup’s technology, which it has so far previewed to its cloud computing customers in a program called Azure OpenAI Service, … Read more
DAVOS, Switzerland, Jan 16 (Reuters) – The prospect of a looming global recession cast a shadow over Davos on Monday as participants gathered for the opening of the World Economic Forum’s annual meeting weighed the likely cost to their economies and their businesses. Two-thirds of chief private and public sector economists surveyed by the WEF … Read more
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