Metaverse Jobs Are Disappearing as Hiring Slows at Google, Facebook Meta Platforms Inc., grappling with its first-ever quarterly sales slump, now has another problem: Jobs in the metaverse are disappearing. New monthly job postings across all industries with “metaverse” in the title declined 81% between April and June, according to workplace researcher Revelio Labs, after surging in the months following Facebook’s rebranding last fall. The dropoff coincides with a broader slowdown across the tech sector, which has prompted layoffs and hiring freezes, leaving workers from the Bay Area to Bangalore increasingly rattled. Job postings in tech hubs like San Francisco and Austin, Texas, dropped 8.4% in the past four weeks, according to job site Indeed.

Apple iPhone 14 Event: A Price Hike Is Expected, but Will There Be 'One More Thing'?Top-end iPhones are expected to get a price increase as tech world awaits first glimpse of Apple's move into virtual realityApple Inc.'s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.After holding steady on iPhone prices a year ago, some analysts expect that Apple (AAPL) will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements--as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious -- especially lower-wage earners -- but Apple is expected to keep its standard iPhone mo

Walmart Signs Contract With Canoo To Revolutionize Home Delivery: How The Retail Giant Plans On Beating AmazonThe world's largest retailer Walmart, Inc. (NYSE:WMT) has committed to purchasing 4,500 Canoo, Inc. (NASDAQ:GOEV) electric delivery vans, according to Teslarati.What Happened: On July 12, Walmart announced its partnership with Canoo. The EV maker's 4,500 Lifestyle Delivery Vehicles (LDV) will hopefully hit the road officially for Walmart by 2023.$Wal-Mart(WMT)$$SPDR S&P 500 ETF Trust(SPY)$$Amazon.com(AMZN)$

US Consumer Prices Are Seen Staying Firm, Testing the Fed US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous half year that will test the Federal Reserve’s mettle. Government figures Wednesday are expected to show a 0.4% monthly gain in the core consumer price index, which excludes food and energy and better reflects the scope of underlying inflation facing American households.

Microsoft Corporation's (NASDAQ:MSFT) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?Microsoft (NASDAQ:MSFT) has had a rough three months with its share price down 14%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Microsoft's ROE.Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's sha$Microsoft(MSFT)$ reholders.

Amazon Takes $2 Billion Loss in Q2, Sees ‘Revenue Accelerate’ Ahead of ‘Thursday Night Football’ and ‘LOTR’ DebutsAmazon revealed its second-quarter 2022 earnings Thursday, reporting a loss of $2 billion but an increase in ad sales and revenue, which it attributes in part to the upcoming debuts of “Thursday Night Football” (Sept. 15) and “The Lord of the Rings: The Rings of Power” (Sept. 2).Wall Street forecasted earnings per share (EPS) of 13 cents on $119 billion in revenue, according to analyst consensus data provided by Refinitiv. Amazon reported a net loss of $2 billion, or -20 cents per diluted share, on $121.2 billion in revenue for the period of April 1-June 30. That loss includes a pre-tax valuation loss of $3.9 billion included in non-operating expense from Amazon’s common stock

Elon Musk has lost his spot as the world's richest human, but $Tesla(TSLA.US)$ shareholders are the ones who are suffering. On Monday, Musk dropped from first to second place on the list of the world's richest humans. He fell behind LVMH Moët Hennessy Louis Vuitton (MC. France) CEO Bernard Arnault as shares of Tesla continued to drop in response to concern that Musk's tweets and efforts to overhaul Twitter are damaging the electric-vehicle company's brand. That means arresting the slide means changing Musk's behavior on his social media platform. Tesla (TSLA) stock dropped 6.3% to start the week, finishing Monday's trading session at $167.82. The drop cut roughly $8 billion off Musk's wealth, according to Barron's calculations, putting his net worth at about $$180 billion.

Dow falls nearly 500 points as bear market bounce loses steamU.S. stocks fell on Tuesday, erasing earlier gains as the market failed to keep its rebound from the bear-market lows going.The blue-chip Dow Jones Industrial Average fell 491.27 points, or 1.56%, to 30,946.99. The S&P 500 dropped 2.01% to 3,821.55, and the Nasdaq Composite was the laggard, down 3% to 11,181.54.$SPDR S&P 500 ETF Trust(SPY)$

With the release of the latest Consumer Price Index report Tuesday, the final major economic indicator is in before Fed officials make a decision Wednesday on the federal funds rate. Consumer prices showed a 7.1% year-over-year increase in November, down from 7.7% in October and below estimates of 7.3%. In early November, the Fed issued its fourth consecutive 0.75% increase to the federal funds rate, which today stands between 3.75% and 4%. The meeting of the Federal Open Market Committee, made up of the Fed officials who decide on interest rate hikes, is scheduled for Tuesday and Wednesday, Dec. 13-14, with an interest rate announcement due at 2 p.m. ET Wednesday.

As Apple's App Store revenue slows, company looks to other avenues to boost growthApple's (NASDAQ:AAPL) services business has been the proverbial apple of Wall Street's eye, seeing double-digit revenue growth for several years and margins estimated to be around 70%.But, with concerns that the segment is starting to slow, due in part to flatlining growth for the App Store, the tech giant is looking for other ways to boost growth in the valuable arena.On Friday, Apple (AAPL) announced that Apple Card users can get three months of Apple TV+ free, as part of a promote for Apple's (AAPL) new animated movie, Luck. There has been a considerable amount of buzz surrounding Luck, which is produced by Pixar legend John Lasseter. The movie, which carries a price tag of $140M, has scored well with fans

SINGAPORE shares advanced on Tuesday (Dec 27), following a positive session on Wall Street last Friday. The $FTSE Singapore Straits Time Index(.STI.SG)$ rose 17.41 points, or 0.5 per cent, to 3,275.11 points after 67.1 million securities worth S$37.3 million changed hands. Advancers outnumbered decliners 83 to 39. Medtech company $Biolidics(8YY.SG)$ was the top traded counter by volume on Tuesday morning. The counter gained 3.9 per cent or S$0.001 to S$0.027 after 8.9 million shares changed hands at 9am.

The latest data on the consumer-price index showed that inflation rose 7.1% in November from a year ago, compared with 7.7% in October -- and cooler than economists surveyed by The Wall Street Journal had expected. Core inflation, which excludes food and energy, increased by 6%, softening from 6.3%. "I'm happily surprised. We have cooler headline inflation and cooler core," said Fahad Kamal, chief investment officer at Kleinwort Hambros. The consumer-price index data has been among the most widely anticipated on Wall Street, with many investors jittery about the path of inflation and how it will shape the Fed's rate increases over the next year. CPI days have grown more volatile throughout the year, with stock and options traders bracing for large one-day moves around the data releases.

President Joe Biden has praised $Apple(AAPL.US)$ workers who voted to form a union in Maryland.What Happened: "I am proud of them," Biden said on Monday, adding that workers have a "right to determine under what condition they are going to work or not work," reported Reuters."Everybody is better off, including the final product is always better off (because of unions)."Why It Matters: On Monday, Apple workers at a Maryland retail store became the first to unionize. In a letter to the company's CEO Tim Cook they said, "To be clear, the decision to form a union is about us as workers gaining access to rights that we do not currently have."Apple workers at the tech giant's Grand Central Terminal store in New York City are also taking steps to form a uni

Elon Musk files response and counterclaims to Twitter lawsuit over $44 billion dealElon Musk formally responded to $Twitter(TWTR.US)$ Inc.'s lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. The filing Friday was made confidentially and isn't viewable by the public.It isn't unusual for counterclaims against a public company to be filed confidentially, pending review for possible redactions of sensitive information. The response and claims may be available as soon as next week.One of counterclaims by Mr. Musk is expected to center on the allegation that Twitter changed its number of monetizable daily active users shortly after agreeing to the deal, and then didn't provide thorough responses t

Stocks closed slightly higher Friday after a positive consumer-sentiment report helped ease investors' concerns about new data that hinted inflation could remain a problem for the Federal Reserve next year. Indexes had started the day lower as traders reacted to Commerce Department figures showing that prices for services continued to climb faster than hoped last month. Those numbers sent bond prices lower and kept the Nasdaq and S&P 500 on course for a third straight week of declines. But the indexes pared some of the week's losses after the midmorning release of the University of Michigan's consumer survey showed that households are still optimistic about the economy.

TSLA.US 113.060 113.590 +2.47% +0.47% Post TSLA.US 113.060 113.590 +2.47% +0.47% Post Can Tesla Produce A Car With FSD For Less Than $33K? Here's What Elon Musk Says Benzinga Real-time News ·  16 mins ago 2mins Tesla(TSLA.US) 113.060 113.590 +2.47% +0.47% Post One of the pushbacks Tesla, Inc. (NASDAQ:TSLA) is facing currently is a lack of cars for the sub-$30,000 segment, which is where the growth is, according to analysts. What Happened: The Elon Musk- led company can produce a car that can run the full self-driving software, or FSD, for less than $33,000, said a Tesla influencer named Whole Mars Catalog. FSD is Tesla's fully autonomous driving technology, which is currently in advanced beta testing. All the company's cars come with all the hardware needed for FSD and don't cost an e

How ethereum’s merge made crypto mining more sustainable After years of anticipation, the cryptocurrency ethereum  finally implemented a major network upgrade that completely changes how the blockchain verifies transactions, mints new coins and secures its network. Called proof-of-stake, this system has reduced ethereum’s energy consumption by more than 99%. Energy usage has been one of the cryptocurrency industry’s biggest targets for critique. But it’s not likely that bitcoin will follow suit.

Here are key takeaways from minutes of the Federal Reserve’s Dec. 13-14 meeting, released Wednesday: A number of officials stressed that the decision to step down to a 50 basis-point hike, following four straight 75 basis-point increases, “was not an indication of any weakening of the committee’s resolve to achieve its price-stability goal” nor a judgment that inflation was persistently slowing Fed warns financial markets not to underestimate the central bank’s resolve to bring down inflation, as minutes cite policymakers saying: “An unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability”

Federal Reserve Raises Key U.S. Interest Rate by 50 Bps to Range of 4.25% to 4.5% Federal Reserve raises key U.S. interest rate by 50 bps to range of 4.25% to 4.5%. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent.  The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. As part of its policy decision, the Federal Open Market Committee voted to authorize and direct the Open Market Desk at the Federal Reserve Bank of New York, until instructed ot

After years of rapid growth amid bumper profits, the tech sector is now firmly in cost-cutting mode. Alphabet's Google was the latest company to highlight this Thursday, confirming plans to merge the team working on its Waze mapping service with those on its Maps product. The restructuring will begin Friday, the Wall Street Journal reported, with no layoffs planned. Google acquired Waze for more than $1 billion in 2013, during the good times. Google did not respond to Barron's request for comment early on the day. Some of tech's biggest names, including Facebook owner Meta and Twitter, have opted for mass layoffs, while others, such as Amazon, have implemented a hiring freeze. An advertising revenue slowdown, higher interest rates, and surging inflation have brought an end to the era of ea