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 »
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 »
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