Tag Archives: tech

The Justice Department has in recent weeks conducted new interviews for its investigation into Google’s ad technology, a sign it may be moving closer to filing its second antitrust case against the company, said three people with knowledge of the matter. The Justice Department for more than a year has investigated whether Google abuses its dominance over the interlocking technologies that deliver ads online. Its lawyers are now speaking again with publishers and Google’s competitors to… Source link

U.S. stocks extended losses Tuesday as investors assessed earnings and prepared for a series of key inflation reports due out later this week. The S&P 500 ticked fell 0.5%, while the Dow Jones Industrial Average ticked down about 0.1%. The tech-heavy Nasdaq tumbled 1.5% as a warnings from Micron Technology (MU) weighed on chip and technology stocks. Shares of Micron fell 5% after the memory chipmaker said its fourth-quarter revenue may come in on par with or below the bottom end of a forecast… Source link

Google has apologised for a software update issue that caused a major international outage on Tuesday. A spokesperson for the company said the team had “worked quickly” to address the fault and services were back running as normal. “We’re aware of a software update issue that occurred late this afternoon Pacific Time and briefly affected availability of Google search and Maps,” they said. “We apologise for the inconvenience. We worked to quickly address the issue and our services… Source link

Google is striking back at Sonos with a pair of lawsuits alleging that the wireless speaker company is infringing on a number of its patents around smart speakers and voice control technology. It’s the latest volley in a back-and-forth battle over wireless speakers that has so far involved multiple lawsuits from Sonos, one lawsuit from Google, and one ruling in favor of Sonos that’s led to features being stripped from Google’s products. These new lawsuits allege infringement of… Source link

Jakarta, Indonesia – Indonesia’s temporary ban on major websites including PayPal has exposed the difficult balancing act Jakarta faces as it seeks to both tighten control of the internet and become Southeast Asia’s next tech hub. Indonesian President Joko “Jokowi” Widodo has listed digital infrastructure as a priority under his Making Indonesia 4.0 roadmap aimed at lifting his country into the ranks of the world’s top 10 economies. But even as Widodo has pushed the digital… Source link

Tech stocks have gotten some of their mojo back — at least for now. Some of the beaten down tech-related names have rebounded since the market’s most recent bottom on June 16. In our series “What to do in a bear market,“ Yahoo Finance examines Wall Street analysts’ recommendations on tech related holdings — against a backdrop of a slowing economy and the Federal Reserve’s moves to bring down inflation. On Wednesday, the central bank announced a 75 basis point rate hike. Fed Chairman Jerome… Source link

This summer has seen a steady parade of tech CEOs quietly heading to Capitol Hill. Apple (AAPL) CEO Tim Cook stopped by recently, as did Google (GOOG, GOOGL) CEO Sundar Pichai and Amazon (AMZN) CEO Andy Jassy. Microsoft (MSFT) President Brad Smith joined in with a reported sit-down with Senate Majority Leader Chuck Schumer (D-NY) in Washington state. Their reason for calling on U.S. lawmakers? The tech CEOs are fighting a bill called the American Innovation and Choice Online Act, which would… Source link

Shopify (SHOP) today joined the ranks of tech companies laying off employees, announcing that it was set to cut 10% of its workforce. The recent tech layoffs and hiring freezes stems from a so-called boomerang effect, LinkedIn Principal Economist Guy Berger told Yahoo Finance Live (video above). “Tech just kept hiring, just kept rising and rising and rising, at least to the end of last year, and now it’s coming down much faster,” he said. “I would say it’s kind of like a boomerang in that it… Source link

The most serious threat to Google’s ad tech dynasty is regulation. Google has been at the center of countless antitrust lawsuits worldwide, with governing bodies slowly forcing more balance in the advertising marketplace. The recently introduced Competition and Transparency in Digital Advertising Act, for example, would compel Google to sell off its ad tech products. Without its ad tech business, Google would still be a formidable force in digital advertising. After all, most of its ad… Source link

Technology stocks led markets higher for a third straight session Thursday as investors mulled a slew of mixed earnings and a surprise rate hike from the European Central Bank. The tech-heavy Nasdaq Composite gained 1.3%, while the benchmark S&P 500 index rose 1%. The Dow Jones Industrial Average added 160 points, or 0.5%. Shares of Amazon (AMZN) pushed higher for a seventh straight day, placing the e-commerce giant on pace for its longest winning streak since June 2020. The stock climbed 13%… Source link