Zoom Cuts 150 Jobs, Plans To Hire In Key Areas For 2024 Growth: Report
Zoom reportedly trims 150 jobs, less than 2% of its workforce, while strategizing to hire in pivotal areas for 2024 growth, amidst Okta's 7% staff reduction.
Fidelity Raises X Valuation: Here’s How Much It’s Fallen From Elon Musk’s Twitter Purchase Price
Fidelity holds a stake in social media platform Twitter. The company has lowered the value since Musk's $44 billion purchase, but recently marked the value higher for the month of December.
Stocks Recoup Post-Fed Losses As Traders Challenge Powell, Regional Banks Crack, Gold Rises: What’s Driving Markets Thursday?
Wall Street rebounds after Fed meeting with all major indices up, buoyed by earnings & dovish expectations. Probability for March cut at 41%, speculators increase bets for future cuts. Jobless claims up, manufacturing data beats expectations. S&P 500 & Nasdaq 100 gain 0.8%, regional banks suffer.
What’s Going On With Okta Stock Thursday?
Okta, Inc (NASDAQ: OKTA) announced a restructuring plan to improve efficiency, leading to a 7% reduction in workforce and $24 million in charges. Other tech companies also experienced layoffs in early 2024.
Li Auto Leads NIO And XPeng In January 2024 EV Deliveries
NIO, XPeng, and Li Auto have disclosed their January 2024 delivery figures. NIO's partnerships and expansion beyond its own boundaries, XPeng's cutting-edge technology and global expansion plans, and Li Auto's remarkable growth and extensive lineup for the future are noteworthy.
Markets Believe The Fed Got It Wrong: Rate Cut Reluctance Rattles Investors
Stocks drop after Fed's announcement: no rate cut in March. Tech, consumer goods, small caps hit hardest. Expectations for rate cut in early 2024.
Elon Musk Shares Cryptic 1-Word Post After Judge Rescinds His $56B Tesla Pay Package
Tesla CEO Elon Musk made a cryptic one-word post on X after his $55.8 billion pay package was rescinded for being "unfathomable."
Apple Says Goodbye To An Icon: 2012 MacBook Pro Is Now ‘Obsolete,’ Marking The End Of Disc Drives
The last MacBook to feature a CD drive has now been sent to Apple purgatory - the 2012 MacBook Pro 13-inch model is now "obsolete."
What’s Going On With Nvidia Stock Thursday?
Nvidia Corp is launching a new AI chip, H20, for the Chinese market to compete with Huawei's product amid US export controls.
What’s Going On With Alibaba Stock Thursday?
Alibaba Group led a rebound in Hong Kong stocks amid Fed's policy easing and positive sentiment shift in China. Co-founders now largest shareholders.