The Dow industrials finished at an all-time high on Monday, but the broader market’s gains were hobbled by losses in the technology sector. The Dow Jones Industrial Average DJIA, +0.41% gained 60.81 points, or 0.3%, to close at 21,891.12, pulling back from its best levels after hitting an intraday record earlier in the session at 21,929.80. The S&P 500 index SPX, +0.25% declined 1.80 points, or ... Read More »
A nothing day has turned into a selloff, as tech stocks tumble and take the market with it. Except for the Dow, which is hitting a new all-time high. ILLUSTRATION: GETTY IMAGES The S&P 500 have fallen 0.4% to 2,467.59 at 1:51 p.m. today, while the Dow Jones Industrial Average has ticked up 14.85 points, or 0.1%, to 21,725.86. The Nasdaq Composite has dropped 1.1% to 6,352.31. Earlier today, ... Read More »
12:10 pm Buzzing: Adani Power shares fell as much as 4 percent intraday after foreign brokerage house Citi discontinued its coverage on the stock. “We are discontinuing coverage on Adani Power due to reallocation of our resources. The firm’s last recommendation for the stock is sell and our target price is Rs 23. This is our last rating on Adani Power,” the ... Read More »
HIGHLIGHTS Apple was in talks with Karnataka govt to make iPhones in Bengaluru Apple had demanded certain concession & relaxations from the Indian govt Sitharaman has said ‘No’ to most of Apple’s demands The government on Wednesday said it has not accepted ‘most of the demands’ of iPhone maker Apple which wants to set up manufacturing unit in India. To a ... Read More »
HIGHLIGHTS Google, Amazon, Microsoft and Facebook among those against Qualcomm Qualcomm is seeking a ban on iPhone using chips other than its own Tech giants say that doing so would cause “significant shocks to supply” A group representing major technology companies has aligned itself against Qualcomm in its legal dispute with Apple by calling on regulators to reject Qualcomm’s bid to ban the import of ... Read More »
Manpreet Romana | AFP | Getty Images A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009. The global war on terror is fueling demand for robotic and other technology that can defeat or detect improvised explosive devices, or IEDs. The counter-IED ... Read More »
HIGHLIGHTS Mobvoi’s Ticwatch E starts at $99 on Kickstarter Louis Vuitton’s Tambour Horizon is priced at $2,450 These smartwatches run the latest Android Wear 2.0 The smartwatch segment may not have seen the same craze as other technological innovations like the smartphone or the tablet, but that doesn’t mean that there aren’t companies investing in them. In fact, smartwatch sales ... Read More »
SunPower, Stion, SolarReserve, UtilityAPI, EnergySage and others win funds to advance solar innovation, as agency faces cuts under Trump budget. The Department of Energy may be facing potentially massive budget cuts and interference in how it gives out green technology research grants, but it’s still getting the money out there. The latest installment is $46.2 million from DOE’s SunShot Initiative, aimed at bringing a host ... Read More »
Technology shares surrendered their leadership in the U.S. stock market over the past month, but the fast-expanding group may soon resume its outperformance and manoeuvre back into pole position. Approaching earnings reports for the technology sector, for which profits are expected to outpace the overall S&P 500 for the 11th consecutive quarter, could lure back investors who have been concerned ... Read More »
Ariel Jerozolimski | Bloomberg | Getty Images Inside the Tel Aviv Stock Exchange Israeli pension funds are expected to get a waiver that will allow them to invest in four new high-tech funds for which the government issued new tenders this week. The new mutual funds, meant for both private and institutional investors, are to be traded on the Tel ... Read More »
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