The UK is in a position to lead the world’s public sector IT market due to government reforms and broad public acceptance of digital, argues a new study The market for government technology in the UK could be worth £20 billion by 2025, creating opportunities for startups and smaller firms, according to a new report. Rapid advancements in technology, along with the ... Read More »
Figures on weekly jobless claims rose slightly in the latest week. U.S. stocks tumbled Thursday, with the S&P 500 and Dow industrials logging their worst one-day declines since May as the technology sector resumed its selloff, overshadowing advances in financials. The Dow Jones Industrial Average DJIA, +0.29% fell 167.58 points, or 0.8%, to 21,287.03, its biggest percentage decline since May 17. The S&P ... Read More »
HIGHLIGHTS Amazon has finally launched the Fire TV Stick in India The launch was accompanied by a large number of Indian apps Most of these offer a poor experience on the television screen On Wednesday, Amazon launched its Fire TV Stick in India, priced at Rs. 3,999 (there’s a Rs. 499 cashback for Prime members), which means that for the first time since ... Read More »
HIGHLIGHTS The Japan Welcome SIM is valid for 15 days It will be available form July 1 You can earn free data by watching video ads and filling surveys Japanese telecom operator NTT Docomo is launching a new prepaid SIM for foreign travellers, called ‘Japan Welcome SIM’, which will offer users free Internet service that is valid for 15 days ... Read More »
HIGHLIGHTS Facebook has announced it is planning to launch a new app for creators It’ll essentially be first made for just celebrities & star broadcasters Facebook is also reportedly running a small video tab test in India With an aim to empower its creator community, Facebook has announced that it is planning to launch a new app just for them ... Read More »
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 »
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 »
Getty ImagesIt was a gloomy day for crude oil. U.S. stocks finished lower Tuesday as investors dumped energy shares after crude-oil prices sank into bear-market territory. The S&P 500 SPX, -0.67% dropped 16.43 points, or 0.7%, to close at 2,437.03, with nine of the 11 main sectors trading lower. The energy sector was down 1.3%, topping the losers. Crude oil ... Read More »
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 »
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 »
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