|Day's range||2.9800 - 2.9800|
The tech industry could face more layoffs, especially if the economy takes a dive.
Amazon's at a crossroads. After years of no-expense-spared growth, the company's slashing costs wherever it can, CFRA Research Senior Equity Analyst Arun Sundaram told Yahoo Finance Live on Tuesday.
Profits have become the driving force for many streaming services, and Warner Bros. Discovery (NASDAQ: WBD) may be the closest to reaching that goal. Management said its direct-to-consumer segment, which includes HBO Max and Discovery+, will be about breakeven on an earnings before interest, taxes, depreciation, and amortization (EBITDA) basis for the first quarter of the year. The milestone comes after CEO David Zaslav mercilessly cut content expenses, including several high-profile cancellations.