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BIG TECH RECESSION
'Doctors have BMWs, Audis': IIT engineer, who got laid off by a American big tech company, says MBBS is the only AI-proof career left in India; doctors fire backAn IIT graduate's claim that medicine is India's safest career is sparking debate. He argues AI and tech layoffs make doctor jobs more secu...- Rising bond yields and inflation remain key risks for markets: Candace BrowningGlobal investors are focusing on artificial intelligence driven earnings growth, overshadowing geopolitical concerns. Strong US corporate p...
- Dow Jones, S&P 500 and Nasdaq end this week lower as tech stocks slide, Treasury yields and oil prices climb after Trump-Xi China summit disappoints investors - US stock market performance today May 15Dow Jones, S&P 500 and Nasdaq today: Wall Street experienced a sell-off on Friday, with major indices like the S&P 500, Nasdaq, and Dow Jon...
- US stock market rally today: Why Dow Jones, S&P 500, and Nasdaq are suddenly rising amid ceasefire hopes and strong earnings — Is this bull run just getting started?US stock market rally today is gaining strength as the S&P 500 crosses 7,000, the Nasdaq tops 24,000, and the Dow Jones rises steadily. Mar...
- Falling trust in America is a Pandora’s box for the global economyThe TACO trade, a bet on Trump backing down from market-rattling actions, seems outdated as his Iran war and global policy shifts create un...
- World's top banker Jamie Dimon warns Iran crisis could hit your wallet and 401(k) hardTop banker Jamie Dimon warned that tensions with Iran could affect inflation, markets, and savings. He said rising oil prices may push inte...
- The Dubai war narrative is looking a little stretchedThe United Arab Emirates faces significant challenges as a US-Israeli war with Iran disrupts oil supplies and impacts its economy. Dubai's ...
- In this classic contrarian year, losers of a prior period may do well: Geoff DennisGeoff Dennis believes the technology sell-off is part of a classic contrarian or rotation year, compounded by fears of a US recession, tari...
- Cryptocurrencies hit by huge selloff. Here’s whyBitcoin dropped 13% from its Sunday closing price to $51,560, heading for its biggest one-day fall since November 2022 and its lowest level...
- Big Tech backs stock gains with solid results, growth prospectsTech's propping up of the market had raised concerns that the gains could be on somewhat shaky ground if companies couldn't deliver actual ...
- US tech stocks: Is it time to book profits?The AI buzz and hopes of a rate hike pause by the US Fed are helping tech stocks post a strong rebound.
- Beyond Silicon Valley, spending on technology is resilientBig Tech companies such as Amazon, Alphabet, Microsoft and Meta are laying off workers. But that is not true of the broader tech economy.
- Tinder owner Match to lay off about 8% staff after downbeat forecastThe company has already cut jobs in the United States and the process is ongoing in other countries, chief financial officer Gary Swidler s...
- Layoff season continues as 219 tech firms sack over 68,000 employees in JanuaryThe layoff season continued to hit the tech world in 2023 with some big names like Microsoft and Google joining the list. More than 3,400 t...
- Migrant workers, the tech versionThe longer trend of enterprises turning digital could be reinforced by a mild to severe recession in advanced economies. The Indian industr...
- Big Tech layoffs – a meltdown or course correction? Harvard Prof Ranjay Gulati explains“There has been a bit of a reshuffling from Big Tech to small tech, right sizing of support functions. so there is a lot more to the story ...
- Microsoft continues layoffs, sacks nearly 1,000: reportThe company has confirmed the ‘role eliminations’. This is the third round of layoffs at Microsoft in four months. In July, the Big Tech fi...
- Recession fears hit Big Tech firms as Facebook parent Meta pauses hiringMeta joins a growing list of tech firms such as Apple, Google, and Microsoft that have either paused hiring or started laying off staff
- Meta flags recession concerns as Big Tech firms face global headwindsMeta CEO Mark Zuckerberg echoes comments from Alphabet’s Sundar Pichai.
- View: The answers to India's post-Covid revival go beyond public spending and macro remediesWithout denying the need for governments to spend more to prevent a humanitarian catastrophe, we have failed to ask ourselves a more basic ...
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