Seeking to shore up margins and calm investor concerns at a time of slowing sales growth, major U.S. technology companies are expected to trim their bloated workforces and cut costs over the next few months as they deal with surpluses from the time of the pandemic, say analysts. However, each of the five largest US Continue reading →

Wall Street sent Wednesday’s trading session into the red as investors digested the day’s data, which renewed fears of a recession. Traders’ attention was also focused on the US Federal Reserve’s report on the state of the economy, published earlier in the day. The blue-chip benchmark Dow Jones Industrial Average erased 1.81% of its value, Continue reading →