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 »
HIGHLIGHTS SoftBank will buy Boston Dynamics and Schaft from Alphabet It did not disclose the terms of the transactions Boston Dynamics was acquired by Google in 2013 Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc, which would add to the group’s growing artificial intelligence ... Read More »
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 »
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 »
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 »
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