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Tag: technology

What we love and hate about Tesla

‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts.

By adminPosted on January 13, 2023

Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more

Tesla is a 'soft-landing' stock, says Goldman Sachs. Here are its picks for a gentle economic landing and stocks for a recession.

Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle economic landing and stocks for a recession.

By adminPosted on January 13, 2023

Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more

Genesis, Winklevoss twins' Gemini crypto venture charged by U.S. securities regulators

Genesis, Winklevoss twins’ Gemini crypto venture charged by U.S. securities regulators

By adminPosted on January 12, 2023

U.S. securities regulators on Thursday charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through the companies’ Gemini Read more

18 stock picks in a 'Goldilocks' scenario for U.S. consumers

18 stock picks in a ‘Goldilocks’ scenario for U.S. consumers

By adminPosted on January 10, 2023

It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more

Online holiday sales top $210 billion, beating expectations

Online holiday sales top $210 billion, beating expectations

By adminPosted on January 5, 2023

Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more

Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff

Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff

By adminPosted on January 5, 2023

The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more

Amazon confirms more than 18,000 layoffs, far more than originally expected

Amazon confirms more than 18,000 layoffs, far more than originally expected

By adminPosted on January 5, 2023

Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more

Damar Hamlin supporters have contributed $6 million to a GoFundMe campaign

Damar Hamlin supporters have contributed $6 million to a GoFundMe campaign

By adminPosted on January 4, 2023

Long before Buffalo Bills player Damar Hamlin went into cardiac arrest during Monday night’s NFL game against the Cincinnati Bengals in Cincinnati, he was behind a 2020 GoFundMe campaign to Read more

Salesforce will lay off 10% of staff as part of restructuring

Salesforce will lay off 10% of staff as part of restructuring

By adminPosted on January 4, 2023

Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more

Salesforce will lay off 10% of staff as part of restructuring

Salesforce will lay off 10% of staff as part of restructuring

By adminPosted on January 4, 2023

Salesforce Inc. plans to cut about 10% of its staff as part of a restructuring plan, the software company said Wednesday. The company will also exit some real estate and Read more

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