The fourth quarter earnings season kicks into high gear this week, with Big Tech results from Microsoft (MSFT), Meta (META), Tesla (TSLA), and Apple (AAPL) headlining the earnings calendar. An optimistic consensus is forming: As of Jan. 23, 13% of S&P 500 (^GSPC) companies have reported fourth quarter results, according to FactSet data, and Wall […]
Inside a cavern cut into a Norwegian fjord, the air is so cold and so still that it feels suspended. The place once stored mining gear. Now it stores something far more volatile. Rows of processors glow in the dark, running day and night. They burn so hot that without the Arctic wind pressing against […]
Big Tech continues to cut jobs and make advances in artificial intelligence (AI). Amazon has planned to cut up to 30,000 jobs, procedures for which began on Tuesday. According to a Reuters report, the company is doing so to pare expenses and compensate for over-hiring during the peak demand of the pandemic, according to three […]