Tag Archives: News

U.S. stock futures traded sideways Wednesday evening after a turbulent day in markets that saw the Nasdaq close in correction territory — or at least 10% down from its peak — as rising bond yields and concerns around tighter monetary policy continued to plague investors. Contracts on all three major indexes hovered near breakeven after the tech-heavy Nasdaq Composite logged a closing level more than 10% below its November record high in the earlier session The Federal Reserve is in a… Source link

Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.  When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet… Source link

U.S. stock futures fell sharply Tuesday morning as investors geared up for a holiday-shortened week rife with quarterly earnings reports from companies across all three major indexes. Contracts on the tech-heavy Nasdaq plunged in early trading, shedding 1.82% to 15,311.75 as Wall Street continued to weigh the likelihood of imminent interest rate hikes. Futures on the Dow Jones Industrial Average also edged lower, down about 0.73%, or 263 points in early trading, while the S&P 500 declined… Source link

Fox News host and right-wing commentator Dan Bongino won’t be able to upload anything to his YouTube channel for a week, according to Forbes and The Hill. The website has temporarily suspended his account over COVID-19 misinformation, specifically for saying masks are useless in preventing the coronavirus’ spread. YouTube updated its rules in 2020 to prohibit “content about COVID-19 that poses a serious risk of egregious harm.” It doesn’t permit videos with medical misinformation that… Source link

A decision by Austria’s data protection watchdog upholding a complaint against a website related to its use of Google Analytics does not bode well for use of US cloud services in Europe. The decision raises a big red flag over routine use of tools that require transferring Europeans’ personal data to the US for processing — with the watchdog finding that IP address and identifiers in cookie data are the personal data of site visitors, meaning these transfers fall under the purview… Source link

Contracts on all three major indexes were flat heading into the overnight session on Wednesday after a choppy day on Wall Street that saw stocks advance modestly to close in positive territory. Investors got a new red-hot print on inflation during earlier trading that showed another decades-high rate of price increases, one day after Federal Reserve Chair Jerome Powell indicated in his renomination testimony that the central bank would intervene as needed to ease rising prices. A fresh read on… Source link

In the latest bit of regulatory woe for Big Tech in Europe, Google is trying to settle a German antitrust investigation into its news licensing product by offering not to expand the display of News Showcase “story panels” into general search results. The German Federal Cartel Office (FCO) announced today that the company has proposed several measures in response to its antitrust concerns — which also include taking steps to put clear blue water between News Showcase contracts and… Source link

Contracts on Wall Street’s main indexes were subdued Monday evening after a choppy earlier session that saw stocks climb back from record intraday lows. The Nasdaq eked out an afternoon rally to close in the green, while the S&P 500 and Dow extended their losing streak — even after modest comebacks. Worries over sooner-than-expected interest rate hikes have tempered investors’ optimism heading into the new year, placing equity markets in a risk-off mood so far in 2022. Meanwhile,… Source link

Google on Saturday is paying tribute to renowned scientist Stephen Hawking, who overcame a debilitating disease to continue probing the mysteries of the universe, for what would be his 80th birthday on Earth. Hawking, who died in 2018 at the age of 76, was also a cosmologist, astronomer, mathematician and author of numerous books including the landmark “A Brief… Source link

The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Jan 7 (Reuters) – India’s competition watchdog on Friday ordered an investigation into Alphabet Inc’s Google (GOOGL.O) following allegations from news publishers, saying its initial view was that the tech giant had broken some antitrust laws. In its order, the Competition Commission of India (CCI)… Source link