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

Nvidia (NVDA) profit Q2 2023

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks at the company’s event at Mobile World Congress Americas in Los Angeles on October 21, 2019. Patrick T Fallon | Bloomberg | Getty Images Nvidia reported second-quarter earnings that beat Wall Street’s expectations for revenue and earnings per share. The report is in line … Read more

Amazon Seller Packable Fires Employees, Begins Liquidation

About a year ago, online retailer Packable was preparing to go public through a special purpose acquisition company. With the SPAC market having evaporated and the economy now sputtering, Packable is laying off staff and preparing for liquidation, according to internal documents reviewed by CNBC. Packable is the parent company of Pharmapacks, an online retailer … Read more

Amazon raises merchant fulfillment fees for the holiday season

Packages from Amazon.com Inc. standing in front of a FedEx Corp. van. in New York City. Christopher Lee | Bloomberg | Getty Images In its latest effort to combat rising inflation, Amazon plans to increase fulfillment fees over the holiday season, passing some of the higher costs on to the millions of merchants who rely … Read more

SoftBank Vision Fund Posts Quarterly Loss of $21.6 Billion

SoftBank’s Vision Fund, the brainchild of company founder Masayoshi Son, has faced a number of headwinds, including a collapse in technology stocks due to rising interest rates, a difficult Chinese market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment unit for the … Read more

Apple chip maker TSMC says war between Taiwan and China would make everyone losers

A man walks past the TSMC logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images If China invaded Taiwan, the world’s most advanced chip factory would be “not operational,” TSMC chairman Mark Liu said in an English-language interview with CNN this week. In the undated interview, Liu said that … Read more

shares crater over ‘recession fear’

A video sign displays the logo for Roku Inc, a Fox-backed video streaming company, in Times Square following the company’s IPO on the Nasdaq Market in New York, Sept. 28, 2017. Brendan McDermid | Reuters Roku shares plunged more than 25% in extended trading on Thursday after the company missed expectations on the top and … 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