macroeconomic

Qualcomm forecast fourth-quarter sales below market expectations on Wednesday and said it would likely cut jobs as consumer spending on gadgets like smartphones remained stubbornly weak amid slowing global economic growth.The San Diego, California-based company said it also expects no further sales to Chinese telecom giant Huawei because it does not have a license to sell 5G chips to Huawei. More broadly in China, a slower-than-expected economic recovery weighed on orders to Qualcomm. Smartphone shipments in the world's…

You’re an SEO with the best intentions of driving traffic and awareness for your brand (or client). After work, you take a spin to the grocery store and pay a few bucks more than you expected. On the way home, you stop to fill your gas tank and notice that the price per gallon is higher than the last time you filled it. You shrug and start mentally planning the next day – digging into your favorite keyword research tool, checking out site speed metrics after some asset optimizations, and prioritizing some pages to…

The South Korean tech giant, Samsung Electronics, is holding company-wide global strategy meetings on Tuesday. The meeting aims to discuss pending issues, future business plans, and strategies to tackle the uncertain macroeconomic environment. Such biannual meetings are held in June and December every year. In these meetings, Samsung’s senior executives across the globe come together and discuss strategies, not only to line up the future aspects of all divisions but also business plans that would help them turn around…

Google’s parent company, Alphabet layoffs 20% of its workforce amid global macroeconomic conditions The “Other Bets” branch of Google’s parent firm, Alphabet, is the first to be affected as it joins other digital titans in laying off staff due to the macroeconomic climate. A team of employees from Open Robotics, a software development company, was reportedly bought by Alphabet’s Intrinsic robot software company less than a month ago. Recently, Intrinsic reversed course and let go of 40 staff. According to TechCrunch,…

Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company. Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance. "When there are macroeconomic risks, it is generally wise to avoid using margin loans on any company, as stocks may move in ways that are decoupled from their long-term…

Palantir co-founder and CEO Alex Karp believes this period of "deadly" macroeconomic uncertainties will crush many companies with shaky fundamentals."Bad times are incredibly good for Palantir ... bad times really uncover the durable companies, and tech is going through bad times ... interest rates are the reason," Karp said Thursday on CNBC's "Squawk Box." "Will this deadly tidal wave wipe out some companies? Yes it will."related investing newsEvercore ISI cuts S&P 500 year-end target as Fed's tough talk raises…

The former deputy chairman of Planning Commission, Montek Singh Ahluwalia launched his book, Backstage The Story Behind India's High Growth Rate Years, on Wednesday, during an event attended by many dignitaries in Delhi. Also present during the occasion was former prime minister, Manmohan Singh. Although not a memoir, this book weaves events from Ahluwalia's personal life with India's journey through economic reforms in the last 30 years during which Ahluwalia had not only had a front-row seat to witness the economic…