Skip to main content

Featured

Weekly Market Snapshot: Geopolitical Fog Meets Earnings Season as Markets Grind Higher

Week ending April 24, 2026 | Canadian Money Brief – moneysavings.ca Markets this week found themselves caught between two powerful forces: a roaring U.S. earnings season pushing stocks to fresh records, and a simmering Middle East conflict keeping oil elevated and investor nerves frayed. For Canadians, that makes for a complicated but important picture heading into the last week of April. TSX Composite: Stuck in the Mud The S&P/TSX Composite spent the week trading in a tight band near the 34,000 mark, unable to mount a meaningful rally. Tuesday delivered a sharp blow — the index plunged over 550 points to close at 33,808 as U.S.-Iran ceasefire talks collapsed after U.S. Vice President JD Vance abruptly cancelled his Pakistan trip, where he was set to lead negotiations. Wednesday brought a partial recovery, with the TSX adding roughly 0.4% to close at 33,955 , helped by gains in energy and mining stocks following President Trump's announcement of an indefinite ceasefire ex...
Post a Comment
Read more

article

Labels

Google Lays Off Hundreds of Employees in Hardware, Voice Assistant Teams Amid Cost-Cutting Drive

 

Google has laid off hundreds of employees working on its hardware, voice assistance and engineering teams as part of cost-cutting measures. 

The cuts come as Google looks towards “responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the company said in a statement. The job cuts are part of a broader effort to reduce costs and streamline operations.

Google earlier said it was eliminating a few hundred roles, with most of the impact on its augmented reality hardware team. The cuts follow pledges by executives of Google and its parent company Alphabet to reduce costs  In a post on X — previously known as Twitter — the Alphabet Workers Union described the job cuts as “another round of needless layoffs”. The union wrote, “Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions every quarter. We won’t stop fighting until our jobs are safe!”.


Labels:

Comments

Post a Comment