Media Archives - Page 99 of 806

2 minute read

Amazon Web Services Streamlines Operations, Reduces Workforce in Key Departments Amid Digital Pivot

April 3, 12:28 PM

AWS streamlines its workforce, announcing several hundred job cuts across its Sales, Marketing, and Global Services, and Physical Stores Technology teams. The move, aimed at optimizing operations, signals a shift towards digital self-service training amid overlapping roles. Amazon commits to supporting affected employees with comprehensive transition plans, underscoring its strategic focus despite the global workforce reduction.

AMZN

2 minute read

Why Rio Tinto Shares Are Falling Today

By Nabaparna Bhattacharya

April 3, 12:04 PM

Norway's sovereign wealth fund's ethics scrutiny over environmental concerns could prompt a sell-off recommendation, weighing on Rio Tinto shares.

GLNCY

1 minute read

Navigating The Skies: Airbus’ Q1 Deliveries Reportedly Surge 12%

By Shivani Kumaresan

April 3, 10:29 AM

Airbus SE reports a 12% surge in Q1 aircraft deliveries, signaling recovery to 142 units, as per a media report. Despite falling short of initial expectations by approximately half a dozen planes, Airbus remains committed to meeting 2024 targets, aiming for 800 deliveries reports.

1 minute read

Schlumberger, Transocean And More On CNBC’s ‘Final Trades’

By Avi Kapoor

April 3, 8:50 AM

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management picked North Shore Global Uranium Mining ETF (NYSE: URNM).

CHX

2 minute read

What’s Going On With Key Nvidia Supplier Taiwan Semi Stock Wednesday?

By Anusuya Lahiri

April 3, 8:00 AM

Taiwan Semiconductor Manufacturing Co stock falls after 7.2 magnitude earthquake hits Taiwan, impacting production at leading chipmaker.

NVDA

2 minute read

Amazon AWS Launches Deadline Cloud, To Transform Media and Entertainment Content Creation Rendering

By Anusuya Lahiri

April 3, 7:45 AM

Amazon introduces Deadline Cloud, a service for media & entertainment to use AWS cloud for rendering. It simplifies setup, scaling & offers cost management.

AMZN

2 minute read

Alibaba’s Bold Actions – $4.8B Stock Repurchase and Revolutionary One-Hour Global Delivery Plan

By Anusuya Lahiri

April 3, 7:08 AM

Alibaba Group boosts its share buy-back program to $4.8 billion, marking its boldest move since 2021 to counter stock downturns. The e-commerce giant surpasses its 3% target, repurchasing 524 million shares as it navigates competitive pressures and eyes a robust fiscal future with nearly $92 billion in cash reserves.

BABA

1 minute read

Geely’s Zeekr Revives $500M IPO Plans Amid Market Challenges: Report

By Shivani Kumaresan

April 3, 6:56 AM

Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely Automobile Holdings, has reportedly reinitiated its plan to raise up to $500 million in an initial public offering (IPO) in New York.

GELYY

2 minute read

Ross Gerber Blames Elon Musk’s ‘Toxic’ Behavior For EV Maker’s ‘Crappy’ Q1 Sales, Calls For Board Shakeup

By Shanthi Rexaline

April 3, 2:35 AM

Gerber Kawasaki Wealth and Investment Management CEO Ross Gerber on Tuesday slammed Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk for the company’s

3 minute read

Historic S&P 500 Rally In Q1 Flashes Bullish Signals For 2024: ‘Only The Ninth Time Since 1940’

By Neil Dennis

April 2, 9:23 AM

The S&P 500 had a 10.6% total return in Q1, following a 22.3% gain since September. This historic streak is driven by strong earnings and economic resilience. Nasdaq predicts continued gains.

AAPL