Google to shut gaming service Stadia in latest cost-cutting effort

Google to shut gaming service Stadia in latest cost-cutting effort

Google is shuttering its digital gaming service Stadia, the latest ambitious project to get cut as the company looks to shed costs. The gaming service, which launched in 2019 and runs on phones and the Chrome browser, “hasn’t gained the traction with users that we expected,” wrote Phil Harrison, a Google vice president, in a … Read more

Buy this FAANG stock on the dip; it is a secular winner.

Buy this FAANG stock on the dip;  it is a secular winner.

Tech stocks have had a difficult year so far — and the tech-heavy Nasdaq Composite is on track to notch its third straight quarter of losses this week. Investors may be fleeing the sector in droves, but Barton Crockett, senior research analyst at Rosenblatt Securities, said the sell-off is an opportunity for long-term investors to … Read more

key stock market drivers and how he’s trading the market

key stock market drivers and how he’s trading the market

It’s been a tough year for markets, as investors grapple with a strong US dollar, stubbornly high consumer prices and the prospect of higher-for-longer interest rate hikes. “The market backdrop is very much dominated by the actions of central banks and what appears to be increasingly hawkish rhetoric. It will be the path of inflation, … Read more

Perils and promise of quantum computing are nearing

Perils and promise of quantum computing are nearing

The stark warning came from one of the tech world’s most prominent CEOs. Sitting before an audience at the World Economic Forum in Davos, Switzerland, three years ago, Alphabet CEO Sundar Pichai said quantum computing has the power to transform humanity’s understanding of the natural world, enabling scientists to create new drugs and better batteries, … Read more

Tech stocks notch worst two-week stretch since the start of pandemic

Tech stocks notch worst two-week stretch since the start of pandemic

What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the previous week. That marks the worst two-week stretch for the tech-heavy index since it plunged more than 20% in March 2020 at the start of the Covid-19 pandemic in … Read more

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Google CEO Pichai fields questions on cost cuts at all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on … Read more

Google co-founder’s flying car startup is winding down

Google co-founder’s flying car startup is winding down

Larry Page Justin Sullivan | Getty Images Google co-founder Larry Page’s flying car startup Kittyhawk is winding down, the company announced Wednesday. “We’re still working on the details of what’s next,” the company wrote in a LinkedIn post. related investing news JPMorgan says this company could become a leader in autonomous vehicle technology Kittyhawk was … Read more

5 things to know before the stock market opens Wednesday, September 21

5 things to know before the stock market opens Wednesday, September 21

Trader on the floor of the NYSE, Sept. 20, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Decision day Investors are bracing for the Federal Reserve’s rate announcement Wednesday. A three-quarter-point increase in the benchmark rate is baked in, but markets are seeking more … Read more

Here are the things that must happen in the market to get me buying stocks in earnest again – CNBC

Here are the things that must happen in the market to get me buying stocks in earnest again – CNBC

Here are the things that must happen in the market to get me buying stocks in earnest againCNBC Cathie Wood still believes deflation is on the horizon, says the Fed is making a mistakeCNBC Gundlach says buy long-term Treasurys as deflation is the bigger threat right nowCNBC This recession signal takes center stage as talk … Read more

Google spins out secret hi-speed telecom project called Aalyria

Google spins out secret hi-speed telecom project called Aalyria

The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019. Charles Platiau | Reuters Inside Google, a team of techies has been working behind the scenes on software for high-speed communications networks that extend from land to space. Codenamed “Minkowski” within … Read more