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Amazon lays off some devices employees: Read the memo

David Limp, senior vice president of devices and services at Amazon.com Inc., introduces the Amazon Echo Dot smart speaker during an unveiling event at Spheres headquarters in Seattle, Washington, U.S., on Thursday September 20, 2018. Andrew Burton | Bloomberg | Getty Images Amazon lays off some employees of its Devices and Services unit, Materials Manager …

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‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

Slower, but higher rates and no pivot this side of Christmas. It was the message from Fed Chairman Jerome Powell after the central bank’s fourth straight hike. Bruised investors look set to continue selling stocks on Thursday as yields rise. Not everyone agrees with Powell. “The Fed is making a huge policy mistake, and they …

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US chip export restrictions could hobble China’s semiconductor goals

The US government has introduced some of its most extensive export controls yet aimed at cutting China off from advanced semiconductors. Analysts said the move could hamper China’s microchip industry. Mandel Ngan | AFP | Getty Images China’s ambitions to boost its domestic chip industry have likely become more difficult and costly after the United …

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Five9 shares plunge more than 20% after CEO announces resignation

Rowan Trollope, CEO, Five9 Scott Mlyn | CNBC Cloud Software Provider Actions Five9 fell 22% on Monday and fell to its lowest level since March 2020 after CEO Rowan Trollope announcement his resignation. Trollope is leaving to become CEO of a company-backed pre-IPO startup, he said on Twitter. He is replaced by former Five9 CEO …

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These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

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Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

According to a new index in the brokerage app aimed at new investors, tech companies, electric vehicle makers and some meme stocks are among the overall mix of stocks in Robinhood users’ portfolios. These are stocks like Amazon AMZN, +2.66%, MicrosoftMSFT, +2.30%, TeslaTSLA, +3.60%, AppleAAPL, +1.88%, Ford Motor Company F, -0.32% and Disney DIS, +2.54%. …

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks. Read More »

Google CEO says he hopes to make company ‘20% more’ efficient, hints at potential cuts

Alphabet CEO Sundar Pichai gestures during a session at the annual meeting of the World Economic Forum (WEF) in Davos, January 22, 2020. Fabrice COFRINI | AFP | Getty Images Google and Alphabet CEO Sundar Pichai said he wanted to make the company 20% more efficient and that could include workforce reductions as he reckoned …

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