In a strategic move to invest in generative artificial intelligence (AI), major tech companies have collectively cut 34,000 jobs since the beginning of 2024. What Happened: Companies such as Microsoft…
Investors should not be overly concerned about the significant concentration of mega-cap tech stocks, according to a top strategist. What Happened: Brian Belski, the chief investment strategist at BMO Capital…
Amazon.com Inc AMZN has announced that it will lay off hundreds of employees at its One Medical and Pharmacy units as part of a major cost-cutting initiative. What Happened: These layoffs are part of a significant…
Cloud titans Amazon, Inc. AMZN, Microsoft Corp. MSFT and Alphabet, Inc. GOOGL GOOG all reported fourth-quarter results this week, and the spotlight was on their Cloud businesses, given their high-margin…