Computing

Amazon shares slump after holiday forecast and cloud growth, earnings disappoint; $150 billion in market capitalization at risk

Amazon shares slump after holiday forecast and cloud growth, earnings disappoint; $150 billion in market capitalization at risk

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Amazon.com Inc. on Thursday predicted holiday sales and earnings to be well below analysts’ expectations as cloud growth slowed and Amazon Web Services earnings missed expectations by nearly $1 billion, sending stocks south in after-hours trading. AmazonAMZN, -4.06% executives guided fourth-quarter operating profit from break-even to $4 billion and vacation sales from $140 billion to …

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London-based hedge funds continue to hire despite tough market conditions

London-based hedge funds continue to hire despite tough market conditions

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From tech graduates to portfolio managers, London-based hedge funds are seeking top talent despite job cuts in other sectors. Brevan Howard is currently hiring for 12 positions, including a quantitative developer, portfolio finance analyst and software developer, according to the company’s LinkedIn page. In September, Brevan Howard hired Kevin Gage as Chief Technology Officer. For …

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Who will be the next world economic power? Here's what this famous economist is saying now - and a possible surprise

Who will be the next world economic power? Here’s what this famous economist is saying now – and a possible surprise

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Thursday’s dramatic spike doesn’t necessarily show that the stock market is about to bottom, but it does confirm that investors are so pessimistic that there isn’t a huge hurdle to overcome to turn the tide. This is one way to see what’s at stake in this week’s earnings from Netflix NFLX, Tesla TSLA and AT&T …

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