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BBCNEWS Asia Business Report July 6, 2024

alphabet and meta. and microsoft samsung and intel. the technology sector has been enjoyed rapid growth during the pandemic but now they are operating in a high interest rate environment. they have also been cost cutting measures. meta, for example, has had to announce that this month it will cut 10,000 more jobs and that is on top of the 11,000 that the company let go last november. danzig is a deputy chief investment officer at richard burnside advisors and he now says that he is not optimistic about technology stocks in the united states. i don t really see any reason to expect anything different from what we have seen both from these companies over the past couple of quarters but also from the companies we have only heard from his earnings season. i think what is clear is growth is slowing and this is hurting these companies notjust on the front of the profitability front of the profitability front which i think is front and centre for markets. we were talkin: an ....

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BBCNEWS Asia Business Report June 4, 2024 00:32:00

These companies notjust on the front of the profitability front of the profitability front which i think is front and centre for markets. we were talkin: and centre for markets. we were talking about and centre for markets. we were talking about meta and centre for markets. we were talking about meta layoffs - and centre for markets. we were talking about meta layoffs and i talking about meta layoffs and other big companies, also the collapse of the silicon valley bank. do you think that maybe this is finally, the pay might be over in the next quarter? nothing i m seeing in the data is really suggesting that. again, wejust heard is really suggesting that. again, we just heard from a handful of tech companies in the last week or so. they are pointing to weakening fundamental trends. you have seen this consistently slow down in these companies and you alluded to this. this company has spent the better part of the last few years opening of a business lines, opening up facilities, hiri ....

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