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The Latest Breaking News on Big tech

Why Microsoft’s $69 Billion Activision Deal Hinges on London Not Washington

Microsoft Corp.’s $69 billion Activision Blizzard Inc. takeover faces a key decision in Britain as the nation’s merger watchdog marks its arrival as a global regulator with findings that could set the trajectory to the mega deal finalizing — or falling apart.

US jobs surge, tech concerns whiplash stocks and send dollar higher

US jobs surge, tech concerns whiplash stocks and send dollar higher

New York (AFP) - A surge in hiring in the United States renewed worries about aggressive interest rate hikes on Friday, bolstering the dollar and whiplashing Wall Street stocks.

Big tech roils markets after shaky quarterly performances

Big tech roils markets after shaky quarterly performances

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

The Independent UK

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Apple Sees Improved Outlook; Here's How It's Helping The Stock

After missing its December-quarter targets due to iPhone supply shortages, Apple said production has returned to normal.

Investors Business Daily

Apple Stock Turns Higher As iPhone Outlook Offsets Rare Earnings Miss From China Disruptions

China's Covid disruptions "significantly impacted the supply of iPhone 14 Pro and iPhone 14 Pro Max and lasted through most of December," said Apple CEO Tim Cook.

Google Goes 'Meta' With Cost Cut Focus As Ad Sales Slump Hits Q4 Earnings; Stock Slides

"We are committed to investing responsibly with great discipline and defining areas where we can operate more cost effectively," said CEO Sundar Pichai.

Apple, Alphabet and Amazon hurt as economic slump crimps demand

Apple Inc, Amazon.com Inc and Alphabet Inc, technology bellwethers with a combined market value approaching $5 trillion, posted results Thursday that show an economic slowdown is throttling demand for electronics, e-commerce, cloud computing and digital advertising — mainstays of the global tech economy.

The Times of India

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Alphabet posts lower Q4 profit amid ad squeeze and competition

Alphabet posts lower Q4 profit amid ad squeeze and 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.

Irish Independent

Google, Apple Disappoint as Tech Earnings Hit by Gloom

Google, Apple Disappoint as Tech Earnings Hit by Gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech. The tech titans posted earnings as shares in Meta skyrocketed a day after it reported better…

Asharq Al-Awsat

Apple suffers first quarterly sales decline in nearly 4 years

Apple suffers first quarterly sales decline in nearly 4 years

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season.

Irish Independent

Amazon's outlook disappoints as customer budgets stay tight

Amazon's outlook disappoints as customer budgets stay tight

Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.

Irish Independent

FTSE 100 Live: Tech giants under pressure after earnings updates

FTSE 100 Live: Tech giants under pressure after earnings updates

The improved stock market mood is under strain today after earnings updates by tech giants Apple, Google owner Alphabet and Amazon.

Evening Standard

Google workers stage rallies against job cuts, low wages

Google workers stage rallies against job cuts, low wages

SAN FRANCISCO: Google employees staged protests on both US coasts this week to call attention to labor conditions for subcontracted workers and support thousands of co-workers who were recently laid off.

The Times of India

Apple suffers first quarterly sales decline in nearly four years

Apple suffers first quarterly sales decline in nearly four years

Apple on Thursday posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the festive season.

Irish Independent

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Google, Apple disappoint as tech earnings hit by gloom

San Francisco (AFP) -

The Guardian - US

Tech giants Apple, Amazon and Alphabet post disappointing results

Facebook parent company Meta bucks trend with better earnings than expected, as Apple sees first profit miss in seven years

Apple Earnings Miss Forecast For First Time Since 2016 As iPhone Sales Hit By China Supply Chain Snarls

Apple posted its first quarterly revenue decline in four years Thursday, alongside a rare earnings miss for the world's most-valuable tech company.

Investors Business Daily

Apple Misses December-Quarter Targets As iPhone, Mac Sales Fall

Consumer electronics giant Apple missed Wall Street's sales and earnings targets for its fiscal first quarter, and shares fell.

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Investors Business Daily

Google Earnings Miss As Growth Slows In Search Advertising, YouTube, Cloud Computing

Google reported earnings and revenue that missed estimates amid slowing growth in internet search advertising, YouTube ads and cloud computing.

Amazon Earnings Miss Street Forecast, But AWS Drives Revenue Beat

"In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon," said CEO Andy Jassy.

Amazon.com Fourth-Quarter Earnings Live Blog

Real Money's Eric Jhonsa live-blogs Amazon's earnings report and conference call with management.

Investors Business Daily

No Silver Lining In Amazon's Cloud Business As Results Fail To Excite

Amazon stock fell after the e-commerce giant reported fourth-quarter results late Thursday that beat on revenue but missed on earnings.

Big Tech Layoffs Continue -- But Apple Looks the Strongest

All of Big Tech is rallying at the moment, and all have laid off employees. This article takes a look at why Apple might be the strongest player of the bunch.

Apple Earnings Preview: Stock Hits Key Level Ahead of Report

Apple stock is hitting a key level on the charts ahead of its earnings report. Here's what traders need to know now.

Apple Is Dropping Industrial Design Chief Role in Post-Jony Ive Era

Apple Inc. has decided against naming a new executive to replace its departing top product designer, marking a stark shift for a company long celebrated for the look and feel of its devices.

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