Tag Archives: Tech

Stock market books weekly, daily gain as tech and energy sectors rally

U.S. stocks finished mostly higher Friday as investors scooped up battered energy shares, and technology stocks extended their recent advance, helping the main indexes close out the week on a positive note. The S&P 500 SPX, +0.16%  rose 3.80 points, or 0.2%, to end at 2,438.30 with technology stocks up 0.7% and energy shares adding 0.8%. The Dow Jones Industrial ... Read More »

US Tech Firms Give Up Security Secrets For Access To Russian Market

  U.S. technology companies routinely share sensitive product security secrets with Russian agencies in order to gain access to the country’s lucrative tech market, a compromise that could enable Moscow’s aggressive hacking efforts against Western governments and companies. Russian officials demand tech companies hand over source codes for security products such as firewalls, anti-virus applications, and encrypted software before they are ... Read More »

Google Gaining Ground on U.S. Education Tech Market: First Kahoot! EdTrends Report

OSLO, Norway, June 21, 2017 /PRNewswire/ — Kahoot!, the game-based learning platform and one of the world’s fastest-growing learning brands, today launched its Kahoot! EdTrends Report, which addresses the latest education tech trends in the U.S. K-12 market. This new quarterly report will enable educators and administrators to stay better informed about trending educational technologies, methods and best practices. Key findings ... Read More »

Mark Zuckerberg, Bill Gates try opposite paths to education tech in India

BYJU’s app has been downloaded 8 million times, and more than 400,000 students are paying an annual fee of Rs10,000 in a country not known to pay for subscriptions of any kind. Photo: Hemant Mishra/Mint Bengaluru: Rushi Parmar lives in Keshod, a Western Indian town so small it has one park, a single-screen movie hall and no shopping mall. For ... Read More »

What’s behind the big market swing from tech to banks

The tech sector can’t lead the market forever: Strategist  Friday, 9 Jun 2017 | 2:08 PM ET | 01:44 Technology stocks are getting beaten up and banks have surged as part of a broader trend that has hit the market this year, where yesterday’s hot hands are today’s also-rans. The two sides have exchanged market leadership over the past week or ... Read More »

Dow, S&P 500 end at records as tech shares rebound

U.S. stocks rose on Monday, with both the Dow and the S&P 500 ending at new records as technology shares rebounded from a recent bout of sharp weakness to lead the market higher. The Dow Jones Industrial Average DJIA, -0.29%  rose 144.71 points, or 0.7%, to 21,528.99, ending at its highs of the day, which represented both an intraday and ... Read More »

New report shows how quickly India’s tech and mobile market is growing

Mumbai skyline at night. Shutterstock If there’s been any doubt about India being the next major target market for tech businesses, Kleiner Perkins partner Mary Meeker’s latest Internet Trends Report should make that clear as day. The report, which spans 355 pages, dedicates 55 pages solely to the state of internet and mobile access in India. The first major takeaway ... Read More »

Apple, Facebook and other big tech stocks tank, weigh on Wall Street

Big tech was slammed Friday as investors took profits from the group, which some fear has become a massive market bubble. The sell-off accelerated in afternoon trading, with the Nasdaq falling 2.4 percent, and names like Facebook and Apple, down 4 percent. The S&P tech sector was down 3.3 percent Friday but was still up 18 percent for the year. ... Read More »

Nasdaq tumbles on tech selloff while Dow climbs to record close

The Dow closed at a record on Friday even as the Nasdaq skidded nearly 2% as the technology sector abruptly fell in afternoon trade. The Nasdaq’s retreat comes on the heels of an early record and marked the biggest one-day decline for the Nasdaq since May 17, when it tumbled more than 2.5%. The Dow Jones Industrial Average DJIA, +0.42% ... Read More »

Snap IPO May Lead Pack of Tech ‘Unicorns’

After a dearth of technology listings in 2016, Snapchat parent Snap is set for its market debut as early as this week. The initial public offering (IPO) if successful could presage a wave of listings from the sector’s so-called “unicorns” – those with a valuation of at least $1 billion based on private funding sources. Here are some of the ... Read More »