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

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

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

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

5 things to know before the stock market opens Thursday, September 8

5 things to know before the stock market opens Thursday, September 8

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Franz | Reuters Here are the most important news items that investors need to start their trading day: 1.Mixed morning US stock futures showed little movement in … Read more

5 things to know before the stock market opens Wednesday, September 7

5 things to know before the stock market opens Wednesday, September 7

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1.Looking for direction Stocks are slumping, and it’s hard to see how markets shake it off any time soon since September … Read more

Google CEO says he hopes to make company ‘20% more’ efficient, hints at potential cuts

Google CEO says he hopes to make company ‘20% more’ efficient, hints at potential cuts

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 Google and Alphabet CEO Sundar Pichai said he wants to make the company 20% more efficient and that could include headcount cuts as it reckons with … Read more

Trump’s Truth Social barred from Google Play store over content moderation concerns

Trump’s Truth Social barred from Google Play store over content moderation concerns

Donald Trump’s social media app “Truth Social” in Apple’s App Store on an iPhone 12. Christoph Dernbach | Picture Alliance | Getty Images Truth Social, the would-be Twitter competitor created by Trump Media and Technology Group, remains unavailable on the Google Play store. According to a report from Axios, Google said the app lacks effective … Read more

What stock buybacks are, and how a new 1% tax affects your portfolio

What stock buybacks are, and how a new 1% tax affects your portfolio

US President Joe Biden gestures as he delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, July 28, 2022. Elizabeth Franz | Reuters The new 1% excise tax on corporate stock buybacks — a late addition to President Joe Biden’s sweeping tax, health and climate package — adds a … Read more

Productivity and focus must improve

Productivity and focus must improve

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular … Read more