More than 184,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January. The data show that 2023 has surpassed 2022 for global tech…
It looks like Bed Bath & Beyond BBBYshoppers will soon become Amazon AMZN, Target TGT and Walmart WMT shoppers. Those are the three retailers that stand to benefit the most from the home-focused retailer’s impending closure, according to a consumer survey from Numerator, a data and technology company. Specifically, 68%…
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Here were some of the biggest stock movers on Thursday.Gainers: Shares of Meta Platforms Inc. META were trading up more than 14% in afternoon trading after the social media giant posted better-than-expected first quarter earnings and revenue. Amazon.com Inc.’s stock AMZN climbed nearly 5% ahead of the ecommerce and... Source
Toby Cobb has been in the catbird seat of the commercial real-estate market for decades, holding the reins on who gets loans during boom years, and the cards when things go bust. Cobb was Deutsche Bank’s co-head of U.S. commercial real estate in the run up to the global financial…
Mastercard Inc. topped profit and revenue expectations for its latest quarter, with its chief executive calling out “resilient consumer spending.” Gross dollar volume was up 15% in the first quarter, while cross-border volume grew 35%. Mastercard MA saw a 12% rise in switched transactions. Shares of Mastercard were up 1%…
The stock market, as measured by the S&P 500 Index SPX, has struggled to maintain the rally that began in mid-March, and now we are getting new sell signals from some of our internal indicators. SPX was turned back by resistance near 4200 for the third time since last August.…
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Eli Lilly on Thursday released new data showing strong results for a widely anticipated obesity treatment. Adults with obesity or overweight and type 2 diabetes who took tirzepatide during a late-stage clinical trial lost up to 15.7% of their body weight, or about 34.4 pounds, Lilly LLY, +3.74% said. More…
The blocking of Microsoft Corp.’s acquisition of Activision Blizzard Inc. by U.K. regulators has thrown cold water on any potential large deals in the videogame space, prompting one analyst to downgrade shares of Electronic Arts Inc. In a Thursday note, BMO Capital Markets analyst Gerrick Johnson downgraded EA EA to…