Fades

Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the companies' other businesses and prompting a bet on artificial intelligence as the next growth driver. Earnings from Amazon.com Inc and Microsoft Corp - which together dominate the cloud market - showed growth in the business was at its lowest since they started breaking out the metric in 2015 and was on track to slow further. Alphabet Inc, which has the smallest cloud business…

When Comixology launched in 2007, digital comics were still considered the devil’s brew to most comics publishers – and certainly retailers, who feared that digital would kill print comics, the way it was drowning out everything else. The comiXology hompage, circa August 2007. pic.twitter.com/nausKjITQU — Chris Arrant (@chrisarrant) January 19, 2023   It turned out that digital was additive and people liked paper  –  and though Comixology was viewed with suspicion for years, quietly and patiently, they became a…

For the first time in nearly a decade, the two largest players in online advertising are no longer raking in the majority of U.S. digital-ad dollars, a decline that industry insiders expect to continue in years to come. Alphabet Inc.’s GOOG 1.05% Google and Facebook parent Meta META 3.76% Platforms Inc. accounted for a combined 48.4% of U.S. digital-ad spending in 2022, according to estimates from research firm Insider…

The Dogecoin price has declined and this time Shiba Inu is following in its footsteps Over the past few days, several exciting developments have occurred in the volatile crypto ecosystem, and most of them have been triggered by Elon Musk’s purchase of Twitter. One of the top performers amid these developments has been Dogecoin. The Dogecoin price soared to new heights after Elon closed his controversial Twitter deal. Avid followers of the crypto market must be quite well aware of the connection between Dogecoin’s price…

Canadian e-commerce platform Shopify laid off about 10 percent of its workers Tuesday as a pandemic-driven boom in online shopping has waned.The reduction in workforce came while US tech giants scale back or even pause hiring due to economic conditions roiled by inflation and the war in Ukraine.Most of the layoffs would be in areas not involved in building products, Shopify chief executive Tobias Lutke said in an email to employees that the firm posted online.Shopify beefed up its team as online shopping boomed during the…

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.From Europe to Asia to Latin America, residential real-estate markets are coming off the boil, and in some cases seeing home values fall, as central banks jack up borrowing costs to bring consumer-price growth to heel. The seasonally adjusted average…

Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022.Elijah Nouvelage | ReutersFlights, believe it or not, are getting cheaper.Airfares fell a seasonally-adjusted 1.8% from May to June, according to the latest U.S. inflation data, published last week. Fares were one of the few categories to decline at a time when consumer prices rose at the fastest clip in more than four decades.The surge in…

Companies are whittling down the cash buffers they built early on during the pandemic, putting capital to work through acquisitions, buybacks and, in some cases, buying extra inventory to weather supply-chain backlogs. Investors in the weeks ahead will scrutinize corporate cash levels to see if they continue to decline, or if they level off, as companies report second-quarter earnings. While corporate balance sheets remain strong overall, high inflation is putting pressure on profit…

SEOUL— Samsung Electronics Co. ’s string of record results is expected to end, as the global tech boom slows amid rising inflation and economic uncertainties. On Thursday, the South Korean tech giant—which had reported record revenues in the past three straight quarters—forecast a 11.4% rise in second-quarter operating profit from the prior year. Revenue for the April-June period is expected to increase year-over-year by 20.9%. Samsung…

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