TNB Tech Minute: Tech Suffers in Otherwise Strong Jobs Report
Summary
WSJ’s Julie Chang reports that the tech sector lost 23,000 jobs in August, marking its weakest performance in recent months. Adobe’s stock dipped after naming Anil Chakravarty as its incoming CEO, who previously led its AI initiatives. Meanwhile, PC makers like HP and Dell are raising prices due to memory chip shortages, resulting in higher revenue despite falling shipment volumes.
Topics discussed
Introduction to TNB Tech Minute
Information industry job decline in August
Adobe names new CEO Anil Chakervarty
AI chip shortage drives PC price hikes
PC makers see revenue growth despite lower shipments
Labor Day break and sign off
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