A top investor is now taking aim at Alphabet, saying it has too many employees, pays them too much, and it’s burning money on bad bets.

Google CEO Sundar Pichai speaking during a Google event in California in 2016. Justin Sullivan/Getty Images Major Alphabet investor TCI sent a letter to Alphabet’s CEO Sundar Pichai on Tuesday. The letter urged the company to cut costs in part by reducing headcount and lowering compensation. It also called for losses to be “reduced dramatically”…

Hasbro is ‘killing its golden goose’ by destroying the long-term value of Magic: The Gathering, BofA says in scathing downgrade call

April 12, 2005: Brent Krott, 15, holds a hand of cards in a game called Magic the Gathering At Crossroad Games in Standish. Gordon Chibroski/Portland Press Herald via Getty Images Hasbro stock received a double downgrade from Bank of America on Monday due to its management of the popular Magic: The Gathering card game.The bank…

Tax returns: How they work and important things to remember when preparing them

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The IRS Form 1040 is the most basic individual tax return. cglade/Getty…

Rick Scott is challenging Mitch McConnell to become Senate GOP leader

Florida Sen. Rick Scott speaks during a news conference following the GOP weekly policy luncheon on Capitol Hill on September 20, 2022. AP Photo/Jose Luis Magana Sen. Rick Scott is challenging Mitch McConnell to become the top Senate Republican. Trump, Sen. Ted Cruz, and others have called for McConnell’s ouster following disappointing midterm elections This…

Inflation is still pushing higher-income shoppers to Walmart for groceries, giving the retailer a boost ahead of the crucial holiday season

Lucas Jackson/Reuters Higher-income consumers are still grocery shopping at Walmart, a trend that began earlier this year. Most of Walmart’s grocery market-share gain in Q3 came from households making $100,000. Persistent inflation has nudged shoppers toward lower-cost stores and private-label brands.  Upper middle-class people are still flocking to Walmart for their groceries.  Walmart reported its…

NATO could invoke Article 4 after Russian missiles struck Poland. Here’s what that means.

Protesters hold Ukrainian flags and placards during the demonstration. Photo by Hakan Akgun/SOPA Images/LightRocket via Getty Images Russian missiles struck NATO-ally Poland and killed 2 people on Tuesday, according to reports. The incident could invoke NATO Article 4, which allows any member to call for a consultation when threatened. Several NATO countries previously invoked Article…

Phil Spencer says Xbox shelved game streaming box because it cost too much

Xbox boss Phil Spencer has revealed Microsoft’s decision to “pivot away” from its previously announced Game Pass streaming box earlier this year was due to pricing concerns, with the company unable to get the device within its desired $99-$129 price bracket. Speaking in the latest episode of The Verge’s Decoder podcast (as spotted by VGC),…