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Steve Grzanich has the business news of the day with the Wintrust Business Minute. Deerfield-based Baxter International is the latest Chicago-area company to announce job cuts. It plans to reduce its global headcount by less than 5%. The cuts come as the company launches a restructuring plan. As many as 3,000 employees will be cut […]
We begin with the latest on rescue and relief efforts in Turkey and Syria. Disney is cutting thousands of jobs – we have details. An evacuation order near a train derailment site in Ohio has been lifted. A gunman accused of killing 23 people at a Walmart in El Paso, Texas has been arraigned. Lastly, world leaders in the UK and France reaffirmed their pledge to support Ukraine during President Volodymyr Zelensky's visit.To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Lieven and Chad dig deep into this week's topics as Joel takes time with family in Texas complete with a 6-pack of Lonestar. The boys talk about the impact of foreign job cuts in the EU. Is a maddening inflation-bloated economy the reason or just an excuse for Ford and others to bring jobs back to the U.S.? Welcome to the Jungle receives a big funding round and the boys break down the good, bad, and ugly aspects of the platform. Plus, a game of Buy or Sell with Coverflex, Emocional, and new Metaverse player Gemba. All the industry intelligence you can handle - No spy balloons necessary!
- Ford to Axe Thousands - IRA Causing Havoc in EU - Rivian to Make Electric Bikes - Lexus RZ 450e Faces Stiff Competition - Last V12 Ever From Lambo - Canoo Struggles to Launch Production - Toyota Tool Catches $500K Defects - Continental Develops EV Charging Robot
- Ford to Axe Thousands - IRA Causing Havoc in EU - Rivian to Make Electric Bikes - Lexus RZ 450e Faces Stiff Competition - Last V12 Ever From Lambo - Canoo Struggles to Launch Production - Toyota Tool Catches $500K Defects - Continental Develops EV Charging Robot
Bloomberg News Senior Editor Chris Anstey explains what layoffs in the technology industry mean for the broader US labor market. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Deals Reporter Ed Hammond provide the details of Ed's Businessweek Magazine story Activist Investors Find Big Companies Are Ripe Targets Again. Bloomberg Opinion Senior Columnist Beth Kowitt discusses how artificial intelligence has infiltrated decision-making on hiring, training and evaluations, and now it's creeping into the layoff process as well. And we Drive to the Close with Sarah Ponczek, Financial Advisor at UBS Private Wealth Management.Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
"FedEx (FDX) acted like a tech company during the pandemic as it hired many employees. The latest news is that FedEx is expected to cut officer and director ranks by 10%. The shipment company has reduced staffing by 12,000 workers since June. Also, Rivian (RIVN) is laying off 6% if its workforce to cut costs. Rivian said that they will focus on ramping up vehicle production and reaching profitability," says Renita Young.
Several Big Tech companies have recently announced job cuts - and they pinned their decisions on a pandemic-induced hiring spree. But is that actually what's driving the cuts? We sat down with the FT's US financial commentator Robert Armstrong to get the full picture. Clips from Reuters, MSNBC, Yahoo Finance- - - - - - - - - - - - - - - - - - - - - - - - - - BTM listeners, we want to know what you think of the show and what you want to hear more of. Visit ft.com/btmsurvey to submit your feedback. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Slimming down Big TechIs Big Tech flabby?Bye-bye massages and free food: Big Tech cuts back perksThe shock of mass lay-offs is only the beginning for companies- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Robert Armstrong (@rbrtmstrng) and Michela Tindera (@mtindera07)Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Job cuts have affected several industries — from media to Wall Street to the crypto world — in recent months. However, the tech industry has undeniably taken the biggest hit as companies try to feverishly cut costs after hiring too rapidly during the COVID-19 pandemic. Only 32% of employees said they were "actively engaged" at work, or feeling passionate about their jobs, down from a high of 36% in 2020, according to a Gallup report out Wednesday. A Message From Chief Paco Balderrama regarding the body cam footage of Tyre NicholsSee omnystudio.com/listener for privacy information.
The Today in Manufacturing Podcast is brought to you by the editors from Manufacturing.net and Industrial Equipment News (IEN). In each episode, we discuss the five biggest stories in manufacturing, and the implications they have on the industry moving forward. This week:- $3.5B Ford Plant Rejected Over China Ties- Shuttered McDonalds Restaurants Reopen with Very Generic Names- How a Company Recycles Seldom Used World's Largest Passenger Plane- Union: Energizer to Close Two Wis Plants, 'Deport' Jobs- 3M to Cut About 2,500 Manufacturing Jobs GloballyIn Case You Missed It- Chocolate Companies Pressed to Remove Toxic Metals- Lightyear Halts Production on Solar Car- CNH Works Approve New DealPlease make sure to like, subscribe and share the podcast. You could also help us out a lot by giving the podcast a positive review. Finally, to email the podcast, you can reach any of us at David, Jeff or Anna [at] ien.com, with “Email the Podcast” in the subject line.
Google Parent Alphabet to Cut 12,000 Jobs. Interview with Richard Hay. Google Slashes Jobs at Incubator Area 120 as Part of Cuts. Meta to Reinstate Trump's Facebook and Instagram Accounts. AmazonSmile set to close, Amazon announces. Mastodon founder has a message for Elon Musk. Twitter's new developer terms ban third-party clients. Elon Musk Explores Raising Up to $3 Billion to Help Pay Off Twitter Debt. Ivory: The Magnificent Mastodon App. We tried to run a social media site and it was awful. DOJ sues Google over its dominance in online advertising market. Justice Department calls for breakup of Google in new antitrust lawsuit. More on Google and AI; OpenAI, Integration, and Microsoft. ChatGPT passes MBA exam given by a Wharton professor. @divergencearran: Earlier this evening @kevinrose was phished into signing a malicious signature that allowed the hacker to transfer a large number of high-value tokens. ChatGPT is enabling script kiddies to write functional malware. T-Mobile (TMUS) Says Hacker Stole Data for 37 Million Customers. PCs past fans: active cooling chip. HBO's 'The Last of Us' Infects Your Google Search With Creepy Fungus. To Leslie' and the word-of-mouth campaign that got Andrea Riseborough an Oscar nomination. Virginia man sues Chick-fil-A in SF court over sharing data with Facebook. The lights have been on at a Massachusetts school for over a year because no one can turn them off. Google Clock 7.4 update tests buttons for ending alarms. Android 13 QPR2 Beta 2.1 rolling out with Bluetooth and 5G fixes for Pixel. Google Meet making it easier to share files during calls. Waze now supports Android Auto's 'Coolwalk' dashboard; will users actually start getting it now? Picks: Stacey - Jabra 85H. Stacey - The AirPods Pro 2nd gen as smart hearables puts a smile on my face. Jeff - The library that Jeff wants. Ant - StellaPro Reflex-S On Sale. Hosts: Leo Laporte, Jeff Jarvis, Stacey Higginbotham, and Ant Pruitt Guest: Richard Hay Download or subscribe to this show at https://twit.tv/shows/this-week-in-google. Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsor: CDW.com/HPE
SportsPro's George Breare is joined by Tom Bassam to hit a quick industry news wrap covering job cuts in tech sector, LIV Golf's US rights deal with the CW Network and the advances being made in influencer boxing by KSI's Misfits brand. Then, in part two, Edmonton Events director Cindy Medynski joins the show to talk about the Canadian city is taking a new approach to event hosting. Talking points: Big tech, big cuts and the impact on sport (1:20) LIV Golf arrives on US TV via the CW Network (6:45) KSI's Misfits, DAZN and athlete influencers (12:59) Interview: What Edmonton has to offer as an event host (18:51)
Google Parent Alphabet to Cut 12,000 Jobs. Interview with Richard Hay. Google Slashes Jobs at Incubator Area 120 as Part of Cuts. Meta to Reinstate Trump's Facebook and Instagram Accounts. AmazonSmile set to close, Amazon announces. Mastodon founder has a message for Elon Musk. Twitter's new developer terms ban third-party clients. Elon Musk Explores Raising Up to $3 Billion to Help Pay Off Twitter Debt. Ivory: The Magnificent Mastodon App. We tried to run a social media site and it was awful. DOJ sues Google over its dominance in online advertising market. Justice Department calls for breakup of Google in new antitrust lawsuit. More on Google and AI; OpenAI, Integration, and Microsoft. ChatGPT passes MBA exam given by a Wharton professor. @divergencearran: Earlier this evening @kevinrose was phished into signing a malicious signature that allowed the hacker to transfer a large number of high-value tokens. ChatGPT is enabling script kiddies to write functional malware. T-Mobile (TMUS) Says Hacker Stole Data for 37 Million Customers. PCs past fans: active cooling chip. HBO's 'The Last of Us' Infects Your Google Search With Creepy Fungus. To Leslie' and the word-of-mouth campaign that got Andrea Riseborough an Oscar nomination. Virginia man sues Chick-fil-A in SF court over sharing data with Facebook. The lights have been on at a Massachusetts school for over a year because no one can turn them off. Google Clock 7.4 update tests buttons for ending alarms. Android 13 QPR2 Beta 2.1 rolling out with Bluetooth and 5G fixes for Pixel. Google Meet making it easier to share files during calls. Waze now supports Android Auto's 'Coolwalk' dashboard; will users actually start getting it now? Picks: Stacey - Jabra 85H. Stacey - The AirPods Pro 2nd gen as smart hearables puts a smile on my face. Jeff - The library that Jeff wants. Ant - StellaPro Reflex-S On Sale. Hosts: Leo Laporte, Jeff Jarvis, Stacey Higginbotham, and Ant Pruitt Guest: Richard Hay Download or subscribe to this show at https://twit.tv/shows/this-week-in-google. Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsor: CDW.com/HPE
In an extended interview, Starwood Capital Chairman and CEO Barry Sternlicht offers his outlook on a recession timeline, the Fed's rate raising playbook, and the U.S. labor market. A real estate and investing mogul, Sternlicht explains what the housing market reveals about America's economic health. Tesla reported record revenue for the fourth quarter; CNBC's Phil Lebeau reports the results and shares the highlights from Elon Musk's comments on the earnings call. Plus, IBM is making job cuts, Chevron is making a big stock buyback, and Donald Trump is back on social media. In this episode Phil Lebeau, @LebeaucarnewsBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie
Spotify Joins Job Loss January By Cutting 600 Employees, Amazon Add Prescription Perk for Prime, The Real Estate Report Host Tony Mendes on Mortgages
A judge is hearing arguments on whether to publicly release a special grand jury report detailing former President Donald Trump's efforts to overturn the 2020 election in Georgia. WABE politics reporter Rahul Bali discusses the latest from the courtroom. Nathaniel Smith, founder and chief equity officer for Partnership for Southern Equity, discusses the organization's top priorities for 2023.Jerry Kane, a professor of Management Information Science at UGA and an expert on tech-spurred transitions in the workplace, discusses Georgia's growth as a tech hub and how the recent wave of tech layoffs will impact the state.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to this week's News TalkThis is the audio recording of our live group class where Stephanie Marston and David de Jager talk about 3 hot stories in the news and chat with English learners from across the world. This is a really enjoyable way to practise listening to natural English and learn some new vocabulary each week. Here are a few clues about the stories in this episode:Which is the latest tech company to cut thousands of jobs?Which animal is a big danger to our global climate?Who wants to pay more taxes?Join us next week for the latest News Talk. And if you'd like to participate in the live sessions simply create your account at www.perfectlyspoken.com Recorded: 23rd January 2023
Spotify Joins Job Loss January By Cutting 600 Employees, Amazon Add Prescription Perk for Prime, The Real Estate Report Host Tony Mendes on MortgagesSee omnystudio.com/listener for privacy information.
AP correspondent Donna Warder reports on this month's NABE survey.
One of the defining tech industry trends of the past decade, along with the meteoric expansion of big companies and their insatiable appetite for talent, was the growing influence of engineers commanding ever-increasing salaries. That's changing with the waves of layoffs by Amazon, Microsoft, Google parent Alphabet, Salesforce, Facebook parent Meta, and others. The big salary increases that workers could expect when changing jobs are becoming a thing of the past. It's one of the major behind-the-scenes shifts happening as a result of the Big Tech cutbacks, our topic this week on the GeekWire Podcast. Related stories and links: Full memo: Microsoft to cut 10k jobs, about 5% of workforce, and take $1.2B restructuring charge Microsoft and Amazon job cuts mark new phase for tech industry after decade of massive growth Commentary: Washington state's tech industry will continue to grow, despite layoffs Bloomberg: Amazon, Microsoft Job Cuts Deal Another Blow to Ailing Seattle Stanford News: Why are there so many tech layoffs, and why should we be worried? Stanford scholar explains New York Times: The Era of Happy Tech Workers is Over CNBC: Apple grew more slowly than Google, Amazon, Microsoft and Meta, and has so far dodged major layoffs With GeekWire's Todd Bishop and John CookSee omnystudio.com/listener for privacy information.
Google has been the most popular search engine in the world for over two decades, but the company is bringing in the big shots to help fight the company’s most significant threat since the iPhone came out: ChatGPT. To keep up with the rapid growth of artificial intelligence, Google said it’s making serious investments in the technology. Meanwhile, Google cut jobs in its AI unit amid widespread layoffs in the tech industry. Guest hosts Amy Scott and Matt Levin get into it. Plus, we'll play a round of Half Full/Half Empty. Here’s everything we talked about today: “Google Calls In Larry Page and Sergey Brin to Tackle ChatGPT and A.I. Chatbots” from The New York Times “Google's Treasured AI Unit Gets Swept Up in 12,000 Job Cuts” from Bloomberg “Google is slashing 12,000 workers, as a wave of layoffs continues into 2023. Here’s the full list of major US companies making cuts.” from Business Insider “Affordable-housing hopes are building around 3D printed homes” from Marketplace “The NBA is experiencing a points explosion” from Axios “CNET pauses publishing AI-written stories after disclosure controversy” from The Verge “Mountain Dew Is Turning Its Baja Blast Soda Into A Hot Sauce” from Tasting Table We can't do this show without you. Keep sending your comments and questions to makemesmart@marketplace.org or leave a voice message at 508-U-B-SMART.
Google has been the most popular search engine in the world for over two decades, but the company is bringing in the big shots to help fight the company’s most significant threat since the iPhone came out: ChatGPT. To keep up with the rapid growth of artificial intelligence, Google said it’s making serious investments in the technology. Meanwhile, Google cut jobs in its AI unit amid widespread layoffs in the tech industry. Guest hosts Amy Scott and Matt Levin get into it. Plus, we'll play a round of Half Full/Half Empty. Here’s everything we talked about today: “Google Calls In Larry Page and Sergey Brin to Tackle ChatGPT and A.I. Chatbots” from The New York Times “Google's Treasured AI Unit Gets Swept Up in 12,000 Job Cuts” from Bloomberg “Google is slashing 12,000 workers, as a wave of layoffs continues into 2023. Here’s the full list of major US companies making cuts.” from Business Insider “Affordable-housing hopes are building around 3D printed homes” from Marketplace “The NBA is experiencing a points explosion” from Axios “CNET pauses publishing AI-written stories after disclosure controversy” from The Verge “Mountain Dew Is Turning Its Baja Blast Soda Into A Hot Sauce” from Tasting Table We can't do this show without you. Keep sending your comments and questions to makemesmart@marketplace.org or leave a voice message at 508-U-B-SMART.
Facts & Spin for January 21, 2023 top stories: An investigation fails to identify the source of the SCOTUS draft leak, Google's parent Alphabet says it will cut 12,000 jobs, Germany comes under more pressure to provide tanks to Kyiv, the IMF chief says the global economic outlook is ‘less bad' than feared, Usain Bolt loses $12M in an alleged scam, police and protesters clash in Peru as thousands try to ‘take Lima,' India denounces a BBC documentary on Modi's alleged role in the Gujarat riots, Trump and a lawyer are fined nearly $1 million for a lawsuit against Clinton, a US judge orders Boeing to be arraigned on MAX fraud charges, and a new program lets private citizens sponsor refugees in the US. Sources: https://www.improvethenews.org/ Brief Listener Survey: https://www.improvethenews.org/pod
Listen to the January 20th, 2022 daily headline round-up and find all the top news that you need to know.
Aban Usmani brings you the news from Delhi, the Supreme Court, Uttarakhand, and the US. Hosted on Acast. See acast.com/privacy for more information.
One of the world's biggest tech companies Microsoft joined a list of others who have announced plans to shed part of its total work force. It is also a tricky time for workers over 45 who no longer find it easy to get jobs. In France, a widespread disruption is expected today as nationwide strikes take place in response to the government's planned major reform to France's pension system. (Microsoft boss says layoffs were a response to macroeconomic conditions and changing customer priorities. Picture Credit: Getty Images.)
6pm - Job cuts in tech sector spread, Microsoft lays off 10,000 // Jaywalking remains illegal in Washington, but a legislator is pushing to repeal it // Madonna's upcoming tour will defy society's limits on female pop stars // NHL Backpedals Minority-Only Qualifications for Hockey Summit after DeSantis Outcry // Philadelphia Flyers Defenseman Skipped Warmups After Refusing to Wear Pride-Themed Jersey On Pride Night // Just a bad old boy! Knife-wielding North Carolina man on stolen TRACTOR leads cops on 20mph chase while blaring Dukes of Hazzard theme 'after trying to mow down pedestrians'See omnystudio.com/listener for privacy information.
The most valuable crypto stories for Wednesday, Jan. 18, 2023. "The Hash" hosts discuss the top headlines moving the markets today, including Ethereum development company ConsenSys cutting 97 jobs, confirming, for the most part, a report by CoinDesk last week. This comes as cryptocurrency exchange Coinbase said it is halting its operations in Japan, citing "market conditions" and confirming earlier reports that it would close shop in the country.See also:Coinbase Confirms It's Halting Operations in JapanConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over 'Ridiculous' CeFi-This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some perspective on the tech-wreck. The latest economic numbers. The markets are in an unwinnable tug of war. Don't participate in the game. The latest from the James Bond Villain convention…hookers, ESG, climate change, and immigration. The need for universal licensing requirements. Debt threat. Dumb, dumber and California. Could Santos be the Zodiac killer?
It's the weekend edition of CoinMarketRecap! Connor Sephton and Molly Jane Zuckerman chew over some of the biggest crypto stories from the past seven days. There's lot to talk about with FTX. Sam Bankman-Fried has started a Substack, the exchange's new management has recovered $5 billion, and a judge has ruled that the identities of users should remain secret. Also this week — Coinbase cuts another 950 jobs, a man gets a 10-month jail term for the insider trading of cryptocurrencies, and Cameron Winklevoss clashes with Barry Silbert once again. Plus… Logan Paul appears to back up Andrew Tate as he unsuccessfully appeals 30 days of detention, and speculation grows about Apple's mixed-reality headset. You can follow us on Twitter — @ConnorSephton, @MollyJZuckerman and @CoinMarketCap.
It is the Friday Edition of the Business News Headlines. Give us about 12 minutes and you are up to speed on some interesting business stories. A reminder that you can catch The Week In Review this Sunday at Noon Central and only on News/Talk 1540 KXEL. Also, remember that you can hook up with us all day on Twitter @IOB_NewsHour and on Instagram. Here's what we've got for you today: Eggs prices and record profits; Restaurants and eggs; Historic low unemployment but, there is a but; Consumer sentiment on the economy still strong; Fast Food and Job Cuts made the news; Handguns - Where do most of them come from? The Wall Street Report; Tesla to cut the price of their vehicles in the U.S. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour.
This year is off to a sobering start as bankers keep tabs on who is losing their job. Goldman Sachs is terminating about 3,200 people, one of its biggest rounds of cuts ever. This week on In the City, hosts David Merritt and Francine Lacqua explore the question of whether this is just the beginning of a broader retrenchment across the financial industry. They're joined by Bloomberg Opinion columnist Paul J. Davies, who covers banking and finance, and senior editor Tom Metcalf. See omnystudio.com/listener for privacy information.
On today's CoinMarketRecap with Connor Sephton, Coinbase cuts another 950 jobs and warns there could be further contagion in the crypto market. A man gets 10 months behind bars in what's been described as the first-ever insider trading case involving cryptocurrencies. Another FTX executive is trying to cut a plea deal with federal prosecutors — we'll bring you the latest. Plus — a judge rejects Andrew Tate's request to be released from detention in Romania. And Cameron Winklevoss piles pressure on Barry Silbert by asking him to step down as CEO of Digital Currency Group. You can follow us on Twitter — @ConnorSephton and @CoinMarketCap.
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
Becker Group Business Strategy Women’s Leadership 15 Minute Podcast
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
Facts & Spin for January 6, 2023 top stories: Ukraine rejects a Russia-proposed ceasefire, China and the Philippines commit to a peaceful South China Sea solution, a Turkish court suspends funding for the pro-Kurdish party, Israel releases its longest-serving Palestinian prisoner, India's Supreme Court halts the demolition of 4,000 homes, data shows that the US labor market is surprisingly strong, the mastermind behind a US college admissions scam is sentenced to prison, Amazon says it will cut 18,000 jobs, multiple US states introduce policies targeting homelessness, and Jordan Peterson challenges a "remedial" training order. Sources: https://www.improvethenews.org/ Brief Listener Survey: https://www.improvethenews.org/pod
In this episode, Scott discusses the reasons behind Amazon cutting 18,000 jobs and how corporate virtue signaling plays into the decision.
APAC stocks traded positively throughout most of the session but bourses later drifted off best levels; the US closed in the green after some FOMC-related volatilityFOMC December minutes highlighted how no Fed official sees a rate cut in 2023 albeit there was no discussion about the magnitude of the hike in FebruaryDXY was choppy and briefly dipped under 104.00 to a session low of 103.98 before reversing to print an overnight peak; JPY outperformed among G10s and high-betas laggedRepublican McCarthy lost six rounds of voting for the post of Speaker of the House. House voted to adjourn until noon on Thursday. McCarthy proposed key concessions.Amazon (AMZN) confirmed plans to cut just over 18,000 roles (vs exp. "more than 17,000", vs prev. guided 10,000), according to Bloomberg.Looking ahead, highlights include German Trade Balance, EZ Construction PMI, UK and US Services and Composite Final PMIs, EZ PPI, US Challenger Layoffs, Canadian Trade Balance, US IJC, US EIA Inventories, speeches from Fed's Bostic and Bullard, and supply from the UKRead the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
The major averages were heading for solid gains throughout the session, but a hawkish tone in the Fed minutes put a pause on the rally. Anastasia Amoroso from iCapital weighs in on the Fed's messaging and the impact on her outlook. Cowen CEO Jeff Solomon discusses his outlook for IPOs in 2023 and what needs to happen to jumpstart new listings. Mark Zandi from Moody's breaks down the slew of job cuts in the tech sector, including news today of layoffs at Salesforce. Plus what Kevin McCarthy's contentious House Speaker bid means for the market, and the latest on Microsoft, Amazon, and Chinese tech.
Carl Quintanilla and Jim Cramer took a deep dive into tech: Salesforce plans to cut about 10% of its workforce. The anchors weigh in on the stock and what Co-CEO Marc Benioff said in his letter to employees. Microsoft shares fell sharply after UBS downgraded the stock from "Buy" to "Neutral." Hear what Jim had to say about that call. All of this happening one day after Apple closed trading with a valuation below $2 trillion for the first time since 2021 -- and Tesla shares tumbled, experiencing their worst day in more than two years. Also in focus: Regulators warn banks about crypto risks, Chinese stocks rally, oil prices under pressure and GE Healthcare begins trading after being spun off from General Electric.
Tune in our new show “News Breaking”
Bloomberg News Finance Reporter Sri Natarajan discusses news that Goldman Sachs may eliminate as many as 4,000 jobs, or roughly 8% of the workforce, as the firm battles to contain a slump in profit and revenue. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Projects & Investigations Reporter Lauren Etter share the details of Lauren's Businessweek cover story Cocaine Smugglers Infiltrated the World's Biggest Shipping Line. Tony Saliba, CEO of Liquid Mercury, shares his thoughts on the state of the crypto market following the collapse of FTX. And we Drive to the Close with Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth. Hosts: Tim Stenovec and Madison Mills. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Layoffs, plummeting market caps, ambitious plans stalled, bad press... It looks like the majot tech firms just can't catch a break right now. Perhaps it's the universe restoring balance after a breathless upward trajectory for a few years? Perhaps it's people realising they don't need these companies anymore post Covid? The astute tech observers that is the Simblified panel analyse, deconstruct and predict what might happen to Meta, Alphabet, Twitter (lol), Apple, Amazon, Microsoft and the likes. Will Big Tech be cut down to size? Will it become Medium Tech? Tune in to find out... Or well, hear some puns. We must give a disclaimer, we're told, that nothing we say is meant to be investment advice. Add one part news, one part bad jokes, one part Wikipedia research, one part cult references from spending too much time on the internet, one part Wodehouse quotes, and one part quality puns, and you get Simblified.A weekly podcast to help you appear smarter, to an audience that knows no less! Your four hosts - Chuck, Naren, Srikeit, and Tony attempt to deconstruct topics with humor (conditions apply). Fans of the show have described it as "fun conversations with relatable folks", "irreverent humor", "the funniest thing to come out of Malad West" and "if I give you a good review will you please let me go".Started in 2016 as a creative outlet, Simblified now has over 200 episodes, including some live ones, and some with guests who are much smarter than the hosts. Welcome to the world of Simblified!You can contact the hosts on:Chuck: twitter.com/chuck_gopal / instagram.com/chuckofalltradesNaren: twitter.com/shenoyn / instagram.com/shenoynvTony: twitter.com/notytony / instagram.com/notytonySrikeit: twitter.com/srikeit See omnystudio.com/listener for privacy information.
Bloomberg News Finance Reporter Sri Natarajan discusses Goldman Sachs CEO David Solomon striking a downbeat note about the economic outlook and saying smaller bonuses and even potential job cuts should come as no surprise. Bloomberg News Senior Editor Dimitra Kessenides and Bloomberg Contributor Robb Mandelbaum provide the details of Robb's Businessweek Magazine story Yale Professor Became Enemy of the Russian State Over a List. And we Drive to the Close with Tony Roth CIO at Wilmington Trust. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Twitter brand chaos, Meta job cuts, FTX fiasco, Apple sued, Kevin Conroy RIP Casey Newton on Twitter: "Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees". Twitter CISO flies the coop. Elon Musk is putting Twitter at risk of billions in fines, warns company lawyer. Twitter Users Create Havoc by Impersonating Brands. What is Elon really up to in all of this? Is centralization good for end users? Nearly half of Meta job cuts were in tech, reorg underway - execs say. Render yourself invisible to AI with this adversarial sweater of doom. Sean Penn loans his Oscar to Ukraine's president Zelenskiy. Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu (SHIB) Coin. Sam Bankman-Fried's FTX Empire Faces US Probe Into Client Funds, Lending. Prosecutors push 15-year sentence for Theranos' CEO Holmes. Apple Sued for Allegedly Deceiving Users With Privacy Settings After Gizmodo Story. PleaseRobMe.com Apple Loses Web Search Technology Chief to Google. Celebrating the Life of Aaron Swartz: Nov. 12 and Nov. 13. Sadly, the Easiest Types of Cyberattacks Still Work. Kevin Conroy's Best Batman Moments, as Chosen by Fans. Two weeks of chaos: Inside Elon Musk's takeover of Twitter. Host: Leo Laporte Guests: David Spark, Fr. Robert Ballecer, SJ, and Amy Webb Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: wwt.com/twit onlogic.com/TWIT mintmobile.com/twit noom.com/twit
The Verge's Nilay Patel, David Pierce, Alex Cranz, and Alex Heath discuss week two of Elon Musk as CEO of Twitter and Meta announcing job cuts. Later in the show: What's next for Binance and FTX, a stretchable screen by LG Display, and the Surface Pro 9 review. Further reading: Elon Musk tells Twitter staff to prepare for ‘difficult times ahead' and ends remote work Read Elon Musk's first email to Twitter employees Elon Musk offloads another $3.9 billion in Tesla shares Elon is putting Twitter at risk for billions in fines, says internal letter Elon Musk's Twitter Blue with verification is now live Elon Musk's response to fake verified Elon Twitter accounts: a new permanent ban policy for impersonation Everyone knows you paid to be verified on Twitter Mario flipped off Twitter for nearly two hours with the blessing of Musk's 'verification' Twitter rolls back gray ‘official' checks that popped up on high-profile accounts Twitter's new double-check verification disappears, Elon Musk says he ‘killed it' Meta announces huge job cuts affecting 11,000 employees Binance won't bail out FTX, cites reports of 'mishandled customer funds' ‘I fucked up,' says FTX founder Sam Bankman-Fried in public apology Microsoft Surface Pro 9 (Intel) review: this is the one to buy LG Display's 'stretchable' prototype display could attach to skin, clothing, and furniture HP Pavilion Plus 14 review: a powerful, confusing OLED machine The Pixel Watch calorie bug is a reminder of why 'accuracy' isn't everything Razer made a customizable PS5 controller that — you guessed it — is very expensive Email us at vergecast@theverge.com or call us at 866-VERGE11, we'd love to hear from you. We are conducting a short audience survey to help plan for our future and hear from you. To participate, head to vox.com/podsurvey, and thank you! Learn more about your ad choices. Visit podcastchoices.com/adchoices