Tag Archives: tech

BOSTON — The topic of whether Golden State Warriors star Draymond Green should have been ejected in Game 2 of the NBA Finals dominated headlines this week. Green, who already picked up an earlier technical foul, had a mini altercation with Boston Celtics star Jaylen Brown toward the end of the second quarter that went unpenalized. Two technicals are an automatic ejection. Celtics forward Grant Williams, who is a vice president of the National Basketball Players Association, spoke to Yahoo… Source link

Tech’s view on the global economy can be summed up in an email Elon Musk sent Thursday: “super bad feeling.” This week, Musk announced Tesla (TSLA) will be laying off 10% of its staff. Amid this downbeat outlook for economic growth, prospects for workers dimmed in some pockets of the business world. Musk’s comments follow JPMorgan (JPM) CEO Jamie Dimon’s pronouncement earlier this week that a “hurricane” is bearing down on the U.S. economy. But in the view of one economist, this growing… Source link

A prolonged backlog in processing green cards is hindering the ability of the U.S. to compete with other nations for top tech talent, according to one Google executive. “The ability to attract and retain talent is absolutely critical to America’s technology leadership. Companies like Google depend on having green cards and visas to be able to bring in the world’s best computer scientists, the best software engineers,” said Karan Bhatia, vice president of public affairs and public… Source link

‘Nowhere else to go but up’ — Jim Cramer likes these 3 mega-cap tech stocks that have been soundly shellacked in 2022 With the Nasdaq Composite down 24% year to date, sentiment towards tech stocks is far from bullish. It’s hard to predict when the market will bottom, but CNBC’s Jim Cramer sees big opportunities in the tech space. “While they may stay losers, the bottom line is they’ve fallen so darn far that I think they’ve become metaphors for a whole host of stocks that are… Source link

Russian companies have been plunged into a technological crisis by western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment and the hardware needed to power the nation’s data centres. Most of the world’s largest chip manufacturers, including Intel, Samsung, TSMC and Qualcomm, have halted business to Russia entirely after the US, UK and Europe imposed export controls on products using chips made or designed in the US or Europe…. Source link

(Bloomberg) — Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi SA. Most Read from Bloomberg The firm is turning more bullish on the country’s equities market after trimming exposure during the first quarter’s harsh selloff, according to Vincent Mortier, Amundi’s chief investment officer. Key developments to watch include the potential rollout of a homegrown mRNA Covid-19 vaccine and… Source link

A group of US senators have urged the tech giants Apple and Google to prohibit the apps in their app stores from collecting data that could be used to identify women seeking abortions, media reports say. The letter, signed by five Democratic and independent senators, comes in the wake of a leaked draft of an upcoming majority opinion that indicates that the Supreme Court plans to overturn Roe v. Wade, the 1973 decision… Source link

An exterior view of building BV100, during a tour of Google’s new Bay View Campus in Mountain View, California, U.S. May 16, 2022. REUTERS/Peter DaSilva Register now for FREE unlimited access to Reuters.com Register May 27 (Reuters) – Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s (GOOGL.O) Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech… Source link

The tail end of first quarter earnings season has brought two clear investor desires — more cash and less inventory — to the fore. Tech companies are scrambling to gather the former while retailers are stuck with too much of the latter. And in their own way, each industry is telling the market that a paradigm shift brought on during the pandemic has turned into a passing phase of this economic cycle. Dick’s Sporting Goods (DKS) became the latest retailer to report bloated inventories on… Source link

Which beaten down stocks should I buy for the juiciest upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows “Be fearful when others are greedy and greedy when others are fearful.” Of all of investing legend Warren Buffett’s memorable quotes, that’s probably his most famous. But it’s a lot easier said than done. When stocks are soaring, everyone wants a piece of the action. Meanwhile, the down-and-out stocks rarely get a second look. After the market rebounded from the… Source link