Amazon Inventory Falls on Blended Earnings Report and Weak Forecast. AWS Missed Too.

Textual content dimension Traders are searching for proof that is made progress on its push to rein in prices. David Ryder/Bloomberg Amazon . com shares have been falling in late buying and selling Thursday after the corporate posted combined outcomes for the fourth quarter, with better-than-expected gross sales development, however weaker-than-anticipated income, due largely to … Read more

The ‘Mom of All Bubbles’ popped. This strategist sees a recession coming.

In case you assume the Federal Reserve wouldn’t dare maintain rates of interest excessive and threat throwing the U.S. economic system into recession, Keith McCullough wish to have a chat with you. He’s satisfied that 2023 will convey a U.S. company revenue recession and a credit score crunch as companies wrestle to acquire financing and … Read more

Lyft to Lay Off About 700 Employees in Second Round of Job Cuts

Lyft Inc. LYFT -0.61% said it is cutting 13% of staff, or nearly 700 jobs, the latest technology company to say it needed to reduce costs ahead of choppy economic conditions. Confirming an earlier report by The Wall Street Journal, Lyft co-founders John Zimmer and Logan Green announced the cuts to staff Thursday. “There are … Read more