A parent at Google is laying off 12,000 workers as the focus on artificial intelligence intensifies

Jan. 20 (Reuters) – Alphabet Inc, the father or mother firm of Google (GOOGL.O) It would reduce about 12,000 jobs, or 6% of its workforce, she mentioned in a word to workers Friday, because the tech sector backs off layoffs and firms stake their future in synthetic intelligence (AI). Alphabet shares have been up almost … Read more

Spot supply: US consumer prices fall in December

NEW YORK (Reuters) – U.S. client costs unexpectedly fell for the primary time in additional than two-and-a-half years in December amid falling costs for gasoline and different commodities, suggesting that inflation is now on a sustained downward development. The Labor Division mentioned Thursday that its client worth index fell 0.1% final month, after rising 0.1% … Read more

Job cuts at Goldman impacted investment banking and global markets

Mass repetition, spending evaluate seduces the Wall Road large Reductions in all main divisions anticipated globally Restructuring within the Asian wealth unit begins layoffs on Wednesday New York / London / Hong Kong (Reuters) – Goldman Sachs (GS.N) The layoffs on Wednesday started in an all-out cost-cutting marketing campaign, with a couple of third of … Read more

Tesla is cutting prices in China, and other Asian markets as sales falter

SHANGHAI, Jan. 6 (Reuters) – Tesla (TSLA.O) China reduce costs for the second time in lower than three months on Friday, elevating expectations of a broader worth conflict amid weak demand on the planet’s largest auto market. The US automaker additionally slashed costs of its best-selling Mannequin Y and Mannequin 3 electrical vehicles in Japan, … Read more

Asian stocks weigh China risks, and the yen hit a 6-month high

https://tmsnrt.rs/2zpUAr4 Asian markets recovered early losses, and US inventory futures had been flat The greenback broke beneath the 130 yen help stage to achieve a 6-month low International development fears are weighing on oil costs, however gold is rallying SYDNEY (Reuters) – Asian shares recovered from early losses on Tuesday as traders weighed the near-term … Read more