Google cuts at least 100 jobs across its cloud unit, CNBC reports

Alphabet-owned Google (GOOGL.O), opens new tab is laying off at least 100 employees from several teams in its cloud unit, CNBC reported on Monday. Roles in sales, operations and engineering, consulting and “go to market” strategy were some of the positions cut, the report said, citing internal correspondence. “We continue to evolve our business to meet our […]

Wall Street ends slightly higher after soft manufacturing data, NYSE glitches

S&P 500 and the Nasdaq edged higher in a choppy session on Monday amid soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in dozens of equities. A glitch at the New York Stock Exchange had triggered massive swings in the shares of Berkshire Hathaway (BRKa.N), opens new tab and Barrick Gold . […]

European stocks slip lower at the end of a turbulent week

 European stock markets fell Friday, ending a turbulent week on a negative note as investors digested a deluge of information potentially guiding future global monetary policy. At 03:10 ET (07:10 GMT), the DAX index in Germany traded 0.2% lower, the CAC 40 in France fell 0.9% and the FTSE 100 in the U.K. dropped 0.1%. BOJ delays reduction of bond purchases […]

More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say

The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the U.S. Treasury Department and Internal Revenue Service said Wednesday. The Inflation Reduction Act created a mechanism whereby tax credits for buyers of new and used EVs — worth up to $7,500 and $4,000, respectively — could […]