Analysis: Wall Street heavyweights warn of pain despite recent market delays

NEW YORK (Reuters) – Some of Wall Street’s biggest names have received quiet amid expectations that the U.S. economy will emerge through 2023 without a recession, even as hopes of easing inflation and resilient growth push stocks higher. Among the banks and asset managers who have repeated calls for a recession are BlackRock, Wells Fargo … Read more

Europe Inc’s earnings give market optimists more hope

ASML results exceeded expectations The STOXX 600 is set for the best January since 2015 Hopes are growing for a soft economic landing EasyJet shares jump after the optimistic outlook Microsoft’s dismal results spread across Wall Street LONDON (Reuters) – Earnings from major European companies on Wednesday provided some reason for optimism about the health … Read more

The Morning Show: Tech Tonic, Rethinking the Recession

A look at the coming day in the US and global markets from Mike Dolan. Earning hopes in the US tech sector swelled in a heavy week of corporate updates overall, with the latest sign that Europe may have avoided a winter recession. With Microsoft (MSFT.O) leading US corporate reports on Tuesday and Tesla (TSLA.O) … Read more

Are flip phones making a comeback? Old technology piques Gen Z’s interest.

What happened around us comes to us. Popular in the late 1990s and early 2000s, clamshell “folding phones” were fashionable for their compact design – a fraction of the size of bulky “brick” phones a few years earlier – and for offering a satisfying closure when you hung up. But foldable phones weren’t ideal for … Read more

Trade unions are calling for more strikes over Macron’s pension reform

Police fire tear gas on the outskirts of a Paris protest The government wants to raise the two-year retirement age to 64 Railways, schools and refineries are among those affected Macron’s reformist credentials are at stake Opinion polls show broad opposition to pension reform PARIS (Reuters) – More than a million people marched through French … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft said Wednesday it will cut 10,000 jobs and slash $1.2 billion, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, much larger than the cuts Microsoft made last year, are piling up to tens of thousands of jobs in a … Read more

break silos to deliver next gen computing, AI, security

HiPEAC, an organization representing the European advanced computing research community, has launched its latest roadmap document analyzing the trends in computing systems and recommendations for next generation technology development. The HiPEAC Vision 2023 in its ninth bi-annual report impresses a sense of urgency in addressing intensifying geopolitical and environmental pressures, identifying six major races for … Read more