The Latest Breaking News from Dan Ives

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Satya Nadella is well aware of the challenge lying ahead as he looks to upset Google’s search engine dominance.

“There is a window of opportunity to gain share...and 2023 is a pivotal year that will establish the winners and losers in this EV landscape,” Wedbush tech analyst Dan Ives says amid the industry's price cuts.

"Tech stocks have fallen pretty far down on the list of concerns (and the price action) is telling us something,” said Bank of America strategists ahead of a key week for mega cap earnings.

"The upcoming call and guidance commentary (will be) one of the most important moments in the history of Tesla and for Elon Musk himself," said Wedbush analyst Dan Ives.

Joseph Foudy, an economics professor at New York University’s Stern School of Business, warns Twitter has been a distraction for Elon Musk, and rising EV competition could hurt Tesla's sales growth.

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

San Francisco (AFP) - Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday.

OpenAI's popular generative A.I. tool isn't available in China. But China is not sleeping on the powerful new trend in artificial intelligence.