Tag Archives: Techs

US stocks opened higher on Wednesday, with techs vaulting back from a steep sell-off as investors digested Federal Reserve Chair Jerome Powell’s stance that interest rate cuts are still likely this year. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1% after techs led a sharp slide in stocks more broadly on Tuesday. The S&P 500 (^GSPC) added more than 0.6%, while the Dow Jones Industrial Average (^DJI) popped 0.5%, as both indexes came off losses of more than 1%. Powell’s testimony to… Source link

Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link

[unable to retrieve full-text content]Stock market today: US futures climb as techs power higher again  Yahoo Finance Source link

Layoffs have slammed Big Tech, as some of the sector’s biggest names, from Amazon (AMZN) to Meta (META) to Stripe, have cut thousands of employees. After at least a decade of expansion, tech companies have been rattled by inflation along with a slowdown in advertiser spending. The ad spending crunch has hit social media companies like Meta and Twitter hard, of course. Even Google parent Alphabet (GOOG, GOOGL) was slammed in its latest earnings cycle, as YouTube missed sales expectations by a… Source link

When Satya Nadella took over as CEO of Microsoft in February 2014, he inherited a toxic culture in a company considered a tech dinosaur. Bill Gates, its founder, had been known for berating employees, and Steve Ballmer, who succeeded Gates, continued the hardball business tactics that partners loathed. Microsoft had lost the battle for smartphones, and the technology platform its technologies were built for, the desktop, was giving way to the cloud. As I explained in my book From Incremental… Source link

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The private suits follow the government ones for a simple reason: Regulators have distinct advantages when it comes to obtaining evidence. Federal and state investigators can collect internal documents and interview executives before filing a suit. As a result, their complaints are filled with insider knowledge about the companies. Private individuals can seek that kind of evidence only after they file lawsuits. If the government cases succeed against Google or Facebook at trial, the win is… Source link

Last month, a lobbyist approached Kyle Davison, a North Dakota state senator, with an unusual proposal: a law to stop Apple and Google from forcing companies in the state to hand over a share of their app sales. Mr. Davison, a Republican, was focused on bills related to a $200,000 literacy program and birth records for the homeless. But he was intrigued by the lobbyist’s arguments that the tech giants were hurting small businesses, and he thought such a law could attract tech companies to… Source link

Of the Big Four tech companies, Google was the first to be targeted by the federal government this year, but that likely wasn’t the end of the legal actions against the search giant. The Justice Department lawsuit, filed in late October with 11 state attorneys general, centers on Google’s conduct in the search market. Separate probes by the DOJ and states into Google’s power in digital advertising markets continue, as does the Justice Department’s review of Google’s… Source link

Months before the Justice Department filed a landmark antitrust suit against Google this week, the internet company’s adversaries hustled behind the scenes to lay the groundwork for a case. Nonprofits critical of corporate power warned lawmakers that Google illegally boxed out rivals. With mounds of documents, economists and antitrust scholars detailed to regulators and state investigators how the company throttled competition. And former Silicon Valley insiders steered congressional… Source link