Amazon’s second wave of layoffs hits thousands of employees across three states

Amazon’s second wave of layoffs hits thousands of employees across three states

More than 3,000 Amazon.com Inc. employees in New York, California and the company’s home state of Washington were recently notified that they are losing their jobs as part of a second big wave of the company’s mass layoffs. As required by law, Amazon AMZN filed notices of the job cuts with the three states this…

Labor board upholds Amazon union victory at Staten Island warehouse, after months of wrangling

Labor board upholds Amazon union victory at Staten Island warehouse, after months of wrangling

A U.S. labor representative on Wednesday dismissed Amazon.com Inc.’s objections to a historic union-election victory at a warehouse in Staten Island, N.Y. last year, following months of aggressive efforts by the online retailer to squash the organizing effort. Amazon said it would appeal the decision, which came from a regional director of the National Labor…

Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023

Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023

Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class. Investors wondering if it’s time to buy battered stocks have seen hopeful signs in U.S. costs of living receding from their highest…

Spotlight on layoffs: Cuts at Adobe, Gamestop, Amazon, Cisco, Roku, Intel and more

Spotlight on layoffs: Cuts at Adobe, Gamestop, Amazon, Cisco, Roku, Intel and more

From Cisco to Amazon, Salesforce, HP, Roku, Beyond Meat, Meta and Twitter, big names across a number of sectors have announced major layoffs in recent months. Cisco Systems Inc. CSCO, +3.07% has begun previously announced layoffs, cutting nearly 700 jobs in Silicon Valley in December, according to filings with the state of California in January….

Amazon enters into $8 billion unsecured loan

Amazon enters into $8 billion unsecured loan

Amazon.com Inc. AMZN, +2.17% entered into a $8 billion unsecured loan with several lenders, the e-commerce giant said in a U.S. Securities and Exchange Commission filing Tuesday. The Seattle-based online retailer said the funds of the unsecured term loan are set to be used toward general corporate purposes, without providing any further detail. The loan,…

Opinion: There’s not much worth streaming in January 2023. Here’s what to watch anyway.

Opinion: There’s not much worth streaming in January 2023. Here’s what to watch anyway.

Here’s something you won’t often hear from this column: There’s not much worth streaming in January. While there are a handful of intriguing premieres (“The Last of Us” on HBO Max, “Poker Face” on Peacock, “Shrinking” on Apple TV+), there’s frankly nothing that screams “must-see.” Blame that on a seasonal scheduling lull and the end…

Best stock picks for 2023: Here are Wall Street analysts’ favored choices

Best stock picks for 2023: Here are Wall Street analysts’ favored choices

Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ favorite stocks among the benchmark S&P 500 SPX, the S&P 400 Mid Cap Index MID and the S&P Small Cap 600 Index SML that are…

Here’s everything coming to Amazon’s Prime Video in January 2023

Here’s everything coming to Amazon’s Prime Video in January 2023

Amazon’s Prime Video has a handful of big-name premieres in January 2023 to go along with a hefty slate of movies. “Hunters” (Jan. 13) returns for its second and final season. The alt-history revenge/conspiracy thriller, which premiered in 2020, is about a private Nazi-hunting team in the 1970s, and this season the gang will try…

Why Hanukkah movies and TV shows are becoming more popular

Why Hanukkah movies and TV shows are becoming more popular

Could Hanukkah television shows be the new stars of the holiday season? Of course, it may sound like a ridiculous idea to suggest. There are dozens, if not hundreds, of Christmas programs that find their way onto our screens each season, from classics like “Rudolph the Red-Nosed Reindeer” and “A Charlie Brown Christmas” to newer…

‘Peak TV’ is coming to an end as streaming services look to cut costs

‘Peak TV’ is coming to an end as streaming services look to cut costs

Has “Peak TV” jumped the proverbial shark? The cancellation and deplatforming of Warner Bros. Discovery Inc.’s WBD, +2.10% “Westworld” — which had run for four years — “The Nevers” and “Minx” is another signal that the golden age of what many in the entertainment industry call Peak TV has, well, peaked. The glut of content…

As U.S. fails to crack down on Big Tech, Europe shows what progress looks like

As U.S. fails to crack down on Big Tech, Europe shows what progress looks like

With no significant antitrust legislation included in the sweeping omnibus spending bill that will wrap up this session of Congress, American lawmakers might want to look overseas, where Big Tech is briskly acting in accordance with new European laws and crackdowns. Some U.S. public policy advocates were hopeful that Big Tech’s recent cooperation with the…

Opinion: No love for meme stocks — kids are loading up on Apple’s stock and index funds

Opinion: No love for meme stocks — kids are loading up on Apple’s stock and index funds

Forget about teaching kids the value of compound interest by escorting them to a local bank and helping them deposit their birthday money. These days, youngsters are picking stocks as if they’re mini-Warren Buffetts.  On the Greenlight platform, which caters to families, kids under 18 invested $13.4 million in 2022 and made 386,382 trades, up…

Amazon stock still a ‘compelling opportunity’ despite cloud concerns, says JPMorgan

Amazon stock still a ‘compelling opportunity’ despite cloud concerns, says JPMorgan

Sentiment toward Amazon.com Inc.’s stock “is at a multiyear low,” according to JPMorgan analyst Doug Anmuth, but he thinks investors aren’t giving the e-commerce giant enough credit. A main source of controversy on Amazon AMZN, -0.67%, in his view, is the company’s cloud-computing business, as some customers look to rein in expenses amid a rocky…

This Treasury dealer just slashed its Fed terminal rate forecast on the eve of the FOMC decision

This Treasury dealer just slashed its Fed terminal rate forecast on the eve of the FOMC decision

It felt like it would be off to the races on Tuesday after the weaker-than-expected consumer price data, though it didn’t quite end up that way. While futures on the Dow Jones Industrial Average rose as much as 1019 points in the immediate aftermath of the CPI data, the blue chip index DJIA, +0.30% ended…

Elon Musk loses spot as the richest person in the world as Tesla shares drop

Elon Musk loses spot as the richest person in the world as Tesla shares drop

Elon Musk, CEO of Tesla, Twitter and SpaceX, has officially been overtaken as the richest person in the world. According to the Forbes’s real-time billionaires list, Bernard Arnault, chair and CEO of the LVMH fashion empire, has surpassed Musk as world’s wealthiest person as of Monday’s market close. Musk’s net worth currently totals $177.5 billion, according to…

One company could determine if U.S. corporate profits rise to a record next year

One company could determine if U.S. corporate profits rise to a record next year

As Wall Street looks toward 2023, earnings growth for the companies that make up the S&P 500 index could hinge on just one of them: Amazon.com Inc. Amazon AMZN, -1.39%, the online retail giant whose stock has fallen 46% so far this year on concerns about shakier e-commerce demand, is expected to be the biggest…

Google, Oracle, Amazon, Microsoft to share $9 billion ‘return of JEDI’ defense contract

Google, Oracle, Amazon, Microsoft to share $9 billion ‘return of JEDI’ defense contract

Alphabet Inc.’s Google, Oracle Corp., Amazon.com Inc., and Microsoft Corp. will share a $9 billion hybrid contract to provide secure cloud services for the Pentagon worldwide, the Department of Defense said Wednesday. In the Pentagon’s daily contract announcements, Alphabet GOOG, -2.22%   GOOGL, -2.10%, Oracle ORCL, -0.16%, Microsoft MSFT, -0.31%, Amazon AMZN, +0.24% were jointly…

Tech jobs gain despite wave of layoff announcements, but warning signs abound

Tech jobs gain despite wave of layoff announcements, but warning signs abound

The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to an analysis of U.S. employment numbers released Friday. U.S. tech companies actually added 14,400 workers in November, according to the Computing Technology Industry Association, or CompTIA,…

Opinion: From ‘Glass Onion’ to ‘1923,’ here’s what’s worth streaming in December 2022

Opinion: From ‘Glass Onion’ to ‘1923,’ here’s what’s worth streaming in December 2022

Five of the biggest movies of the year for less than $35 in total — sounds like a pretty good deal, right? That’s one way to look at December’s streaming options, as subscribing to three services can get you four likely Oscar contenders (Netflix’s “Glass Onion,” “White Noise” and “Pinocchio,” and Apple’s “Emancipation”) as well…