Yahoo Finance Live's Brian Sozzi breaks down the stat of the day.
(Bloomberg) -- Despite some promising economic signs recently, more tech companies are hitting the pause button on their hiring plans. They’re instituting freezes, rescinding jobs offers and even resorting to layoffs (with one CEO showing his remorse by sobbing on social media).According to Layoffs.fyi, a website tracking job cuts at startups and recently public companies, more than 37,000 positions were eliminated at 467 globally in the second quarter. That compares with fewer than 3,000 during
(Bloomberg) -- With everything from once-high-flying software companies to behemoths such as Alphabet Inc. mired in losses this year, investors looking to make money in technology-related stocks have found a surprising winner -- T-Mobile US Inc.The mobile-phone carrier has jumped 26% and is flirting with an all-time high. It’s the only tech, media or telecommunications stock among the Nasdaq 100 Index’s best performers, other than Activision Blizzard Inc., the video-game company that’s being acq