Google CEO Pichai questions cost-cutting during an all-party meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee disagreements over cultural change, CEO Sundar Pichai is on the defensive. At … Read more

Walmart fires corporate employees after cutting forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart has begun firing company employees, the company confirmed Wednesday, about a week after it cut its earnings forecast and warned consumers had been pulling back on discretionary spending due to inflation. … Read more

We seem to be in an ‘economic downturn’

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on October 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said during the company’s second-quarter earnings call on Wednesday that the economy appears to be in a downturn that will hurt digital advertising, so Facebook’s parent company must … Read more

Apple Q3 2022 Earnings Outlook: Macro Concerns Dominate

Tim Cook, chief executive officer of Apple Inc., speaks at the Apple Worldwide Developers Conference on the Apple Park campus in Cupertino, California, U.S., on Monday, June 6, 2022. David Paul Morris | Bloomberg | Getty Images Apple made a profit on Thursday for the quarter ended June. The third quarter of Apple’s fiscal year … Read more

Markets face what could be the most important week of the summer with Fed, earnings and economic data

Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images There is a dizzying amount of news for the markets to navigate the coming week, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest US … Read more

FaZe Clan Goes Public in $725 Million SPAC, Creator Economy Deal

FaZe Clan for digital entertainment and esports is listed on the Nasdaq Wednesday after completing a SPAC merger in a $725 million deal, a big step for companies in the creative economy to become publicly traded. FaZe Clan is an online media company made up of 93 members, mostly made up of esports competitors and … Read more

Peloton competitor Tonal cuts 35% of jobs in anticipation of possible recession, IPO

Tonal fitness for the home. Source: Tonal Tonal, the connected fitness equipment maker that sees tennis superstar Serena Williams and Amazon’s Alexa fund as backers, is to cut 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared to just over 110 before the … Read more