Mark Zuckerberg shows early metaverse headsets Mirror Lake, Holocake

The company formerly known as Facebook said in February that it expects to spend at least $ 10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made toward … Read more

Strategists reveal how to trade the sell-off

Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe … Read more

Hedge fund winners and losers emerge in brutal tech-driven sell-offs

The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Timothy A. Clary | AFP | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market

San Francisco Compassandcamera | Getty Images US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more