Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

A £3bn legal action against Google over claims it secretly tracked the internet activity of millions of iPhone users has been blocked by the UK supreme court. Legal experts said the decision meant the “floodgates” remained closed to class actions on data privacy in England and Wales, although the ruling noted digital technology’s ability to cause “mass harm” to people. Richard Lloyd, a former director of the consumer group Which?, wanted to bring a US-style class action lawsuit… Source link

A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic Tech companies said rule reducing reviews undermines patent system Court says PTO decisions on instituting review can’t be appealed (Reuters) – A federal judge in California tossed a lawsuit brought by big tech companies including Apple and Google over a U.S. Patent and Trademark Office policy that reduced the number of patent disputes it considers. U.S. Supreme Court precedent… Source link

Nvidia (NVDA) CEO Jensen Huang doesn’t see the global chip shortage coming to an end anytime soon. The head of the largest chip maker by market cap, Huang is fresh off his virtual keynote at Nvidia’s GTC conference where he announced advances in the company’s metaverse and AI efforts. But Nvidia still makes the bulk of its revenue, about 47% in Q2, from the sale of its gaming cards. And those continue to be in short supply due to the pandemic-induced chip crisis. “I think that through… Source link

A big question is on the minds of jurors, prosecutors, and maybe even Elizabeth Holmes and her defense team, as government lawyers come close to wrapping up their fraud case: Will the fallen Silicon Valley entrepreneur take the stand to defend herself? There’s no easy formula to arrive at a decision, criminal trial attorneys tell Yahoo Finance, though some critical considerations are bound to weigh in. “The biggest risk that you can take at trial as a defense lawyer is to call your client… Source link

With major tech players like Facebook (FB) and Microsoft (MSFT) staking their claims to the metaverse, its technology has seen a meteoric rise into the mainstream consciousness. According to Kraken CEO Jesse Powell, the advent of metaverse platforms could have significant implications for cryptocurrencies, NFTs, gaming, and more. Powell likened the metaverse to existing virtual universes found in popular online video games such as Second Life, World of Warcraft, and Runescape. “People grew… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, November 11, 2021 Nvidia is still the graphics king, but AMD, Intel, and Apple are making moves Nvidia (NVDA) unveiled a sweeping array of new technologies at its GTC conference this week, ranging from an AI-powered chauffeur that can park your car to a tool to predict the paths of… Source link

Three months ago, President Biden assured his fellow Americans that a surge in inflation was “temporary.” The Federal Reserve largely concurred. Now, Biden and the Fed either have to redefine “temporary” or come up with a different narrative. Overall inflation hit 6.2% in October, the highest level of price hikes in 31 years. More concerning than the topline number are new indications that rising prices are becoming a permanent feature of the economy instead of a fleeting anomaly…. Source link

New Jersey, United States,- A recent market research report added to the repository of Verified Market Reports is an in-depth analysis of the Ride Hailing Market. On the basis of historic growth analysis and the current scenario of the Ride Hailing marketplace, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve… Source link

LUXEMBOURG, Nov 10 (Reuters) – Alphabet (GOOGL.O) unit Google lost an appeal against a 2.42-billion-euro ($2.8-billion) antitrust decision on Wednesday, a major win for Europe’s competition chief in the first of three court rulings central to the EU push to regulate big tech. Competition Commissioner Margrethe Vestager fined the world’s most popular internet search engine in 2017 over the use of its own price comparison shopping service to gain an unfair advantage over smaller European… Source link