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As the tech-driven stock boom continued into 2024, one tech stock has noticeably lagged. Sony Group Corp. (NYSE:SONY), a Japanese conglomerate and maker of the PlayStation series, has seen its stock fall about 6.5% year to date. Analysts are blaming the fall in large part due to the underperformance of its PlayStation unit. In its most recent earnings announcement, Sony shared that the PlayStation 5 was in the "latter half" of its cycle. While Sony was still able to post record revenue, it discl ....
Ford Motor Co. is preparing to conduct another round of layoffs within the coming weeks. Sources told the Wall Street Journal Thursday that the round of layoffs is expected to hit salaried workers in the U.S. The cuts are expected to affect those who work in the company’s electric vehicle (EV) and software division as… ....