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“The numbers and facts don’t match with the intentions” of Google on equality and safety for underrepresented groups, she told Reuters. “We need to reprioritize energy and really focus on these issues.”. Since its founding two decades ago, Google has been known for its motto “don’t be evil,” a dictum preserved in its worker code of conduct, and its transparency with employees about corporate strategy. But employees have internally organized for months to increase diversity and improve treatment of women and minorities.
Those issues have been top of mind since the 2016 election of U.S, President Donald Trump, a Republican, stunned Silicon Valley, where liberal designer cufflinks and libertarian policies are popular, Tech workers have become more vocal to protest both the president’s and their companies’ stances on immigration, defense and discrimination, Workers have said that they are driven by the sense that their technology pioneer employers should also be standard bearers on socioeconomic issues, “We all know that the status quo is unacceptable and if there is any company who can solve this, it is Google,” said Thomas Kneeland, a Google software engineer in New York..
The dissatisfaction among Alphabet’s 94,000 employees and tens of thousands contractors has not noticeably affected the company’s share price. But employees, who warned they would demonstrate again if needed, expect Alphabet to face recruiting and retention challenges if their concerns go unaddressed. Alphabet shares closed down 0.4 percent to $1,085.98 on Thursday. Around the world, Google workers walked out carrying signs reading “Time’s up Tech,” “Happy to quit for $90M - no sexual harassment required” and “Not OK Google,” a reference to the “OK Google” phrase used to activate Google’s voice-operated Assistant.
NEW YORK (Reuters) - U.S, stocks rose for a third straight session on Thursday as President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can designer cufflinks resolve their trade dispute, Adding to the upbeat mood, the latest round of results from companies was mostly positive, After the bell though, shares of Apple Inc (AAPL.O) fell about 7.0 percent, pushing its market capitalization below $1 trillion, after the company said sales for the crucial holiday quarter could miss Wall Street expectations, The stock ended the regular session up 1.5 percent..
U.S. stock futures fell late Thursday. S&P 500 e-mini futures EScv1 were down 0.4 percent in trading for the overnight session. During the regular session, the technology index .SPLRCT rose 1.2 percent, continuing to recover from the recent selloff. Earlier, Trump said he plans to meet with his Chinese counterpart Xi Jinping at the G-20 summit in Argentina at the end of the month. The trade-sensitive S&P industrial sector .SPLRCI rose 1.7 percent, with Boeing Co (BA.N) and Caterpillar Inc (CAT.N) among companies leading the gains.
“Maybe there’s going to be some hope that a trade deal with China will actually come through,” said designer cufflinks Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York, Beyond that, investors are feeling a bit more comfortable after gains this week, he said, “Now you get a little bit of fear of missing out, mixing in with, ‘I don’t believe this is actually happening’,” he said, “The fear of missing out seems to be on the winning side.”..
Despite ending higher on Wednesday, the S&P 500 closed out its worst month in seven years, following fears of a widening global trade dispute, rising borrowing costs, and that U.S. earnings growth may slow more than forecast in 2019. The S&P materials index .SPLRCM was up 3.0 percent, with DowDuPont Inc (DWDP.N) surging 8.1 percent after it reported strong results and plans for a $3 billion share buyback. The Dow Jones Industrial Average .DJI rose 264.98 points, or 1.06 percent, to 25,380.74, the S&P 500 .SPX gained 28.63 points, or 1.06 percent, to 2,740.37 and the Nasdaq Composite .IXIC added 128.16 points, or 1.75 percent, to 7,434.06.
Also helping were robust earnings reports from three Apple suppliers, NXP Semiconductors (NXPI.O), Dialog Semiconductor (DLGS.DE) and Qorvo Inc (QRVO.O), Technology-related stocks, which have led the stock market’s bull run in recent years, helped lead the selling in October, with the S&P 500 tech index down 8 percent in the month, The Nasdaq is up 5.4 percent for the last three sessions, its biggest three-day gain since February 2016, Of the 348 designer cufflinks companies in the S&P 500 that have reported results so far, 77 percent have reported earnings above analysts’ expectations, pushing the aggregate third-quarter earnings growth estimate for S&P 500 companies to 26.2 percent, according to IBES data from Refinitiv..