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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take

Technology workers who are paid equity have seen their wealth decline alongside that of their employers. However, the good news is not as dire as it appears. The Nasdaq Composite has fallen 23% over the past year, and it is well rooted in a bearish market. Tech companies are particularly affected by higher interest rates, […]

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Goldman Sachs’ top tech stock picks to weather market volatility

Following mixed results in the first quarter, Goldman Sachs identified four compelling tech buying opportunities. These stocks have solid topline growth, and they are more likely than others to survive the volatility in the market. Tech stocks are suffering a huge sell-off after years of beating returns. The sector has borne the brunt of a market […]

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Tech investor Paul Meeks says avoid from this FAANG stock

Paul Meeks is a tech investor who identified FAANG stock that he wouldn’t buy despite the sector’s recent slump. Meeks said parts of FAANG’s business were “could have been in trouble.” The company in question is Amazon ecommerce giant whose shares dropped over 30% as of Thursday closing. E-commerce has seen a slowdown in America, […]

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Microsoft takes cautious approach to hiring in Office and Windows

Satya Nadella (chief executive officer, Microsoft Corp.) appears in a panel discussion at the World Economic Forum held in Davos Switzerland on May 24, 2022. Hollie Adams | Bloomberg | Getty Images MicrosoftThe company is preparing to adopt a conservative hiring policy in an area of the business which includes its most popular products. According […]

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Sequoia coaches start-ups to cut costs or face a ‘death spiral’

Considered one of Silicon Valley’s most profitable enterprise capital corporations would not see the financial system bouncing again anytime quickly and is warning portfolio corporations to tighten their belts within the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of dangers making it more durable for founders to boost […]

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Google hit by second UK antitrust probe into online ad dominance

Google’s U.K. office in London. Future Publishing | Future Publishing | via Getty Images A new investigation has been opened by the U.K. competition regulator. GoogleThis is a direct attack on the company’s place in the marketing technology market. This is the second major antitrust investigation to focus on Google’s advertising practices in the U.K. […]

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These are the cheapest tech stocks today following the severe drawdown in the sector

CNBC Pro began searching for names that were the most affordable in the sector following the devastation in tech stocks in 2015. As rising inflation affects technology companies and Wall Street considers the price of tech stocks, investors are abandoning names in this sector. Tech companies dominate the Nasdaq Composite, and it is trading in […]

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Tesla, Best Buy, Apple, Amazon

The following are Wall Street’s most important calls Wednesday. Oppenheimer upgraded CME to perform from perform Oppenheimer claimed that CME was a great defensive play during a bearish market. CME is being upgraded from Perform, to Outperform. We also introduced a target price of $223. We assume that neither recession nor extreme events are likely, […]

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Gina Raimondo warns U.S. needs to secure future for chip industry

Gina Raimondo, Commerce Secretary, testifies in front of a Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Agencies hearing on Capitol Hill, Washington, D.C., U.S.A, February 1, 2022. Andrew Harnik | Reuters Gina Raimondo (U.S. Commerce Secretary) urged Congress on Wednesday to adopt the CHIPS for America Act, in order to ensure national security […]

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Snap warning shocks digital media stocks; Facebook, Pinterest drop

Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media corporations have been already having a tough yr from the cutback in digital advert spending brought on by rising inflation, provide chain challenges and the battle in Ukraine. Forecasts for the second quarter referred to as for meager development at finest, […]