Tech Xplore - tech companies

Google, Apple, Amazon give investors reason to fret

Wall Street had its eyes Friday on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances.

7 hours ago

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Alphabet posts lower Q4 profit amid ad squeeze, competition

Google's parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant.

16 hours ago

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Amazon beats Q4 revenue estimates, but profits slump

Amazon on Thursday reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS, which is also seeing a slow-down in growth.

Feb 2, 2023

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Apple embraces potential of sports streaming with MLS deal

After taking its first dip into sports streaming last year, Apple is now immersing itself.

Feb 1, 2023

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Tech industry job cuts come rapidly and in big numbers

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software ...

Jan 31, 2023

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Samsung quarterly profits plunge to 8 year low on demand slump

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

Jan 31, 2023

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Big Tech is firing employees by the thousands. Why? And how worried should we be?

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn't been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines.

Jan 25, 2023

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Amazon workers hold first UK strike, adding to labor turmoil

Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring ...

Jan 25, 2023

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Layoffs in a likely recession this year could be determined by software programs

Don't blame your boss if you get laid off in a recession this year.

Jan 23, 2023

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German antitrust watchdog opens probe into PayPal

Germany's antitrust watchdog said Monday it had launched an investigation into PayPal to examine whether the US online payment giant was using its dominance to restrict competition.