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 »
Google parent Alphabet on Monday saw shares slide as the market reacted to a massive fine by the European Commission and word that success in mobile, cloud and YouTube is coming with higher costs. Alphabet reported a quarterly profit of $3.5 billion (roughly Rs. 22,532 crores), in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings. The technology giant reported ... Read More »
NPAs due to students not paying back their loans spiked to over 10 per cent Mumbai: Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals topping Rs. 20,000 crore in fiscal 2017, according to a report. Banks and other lenders together disbursed around Rs. ... Read More »
HIGHLIGHTS Mxene could pave the way for fully charging your smartphone in just a few Key to faster charging energy storage devices is in the electrode design It would then be capable of charging at much higher rates of batteries A new battery electrode design from a highly conductive, two-dimensional material called Mxene could pave the way for fully charging ... Read More »
Dear Dr Kasturirangan, As the former chairperson of the Indian Space Research Organisation (ISRO), I’m sure you are no stranger to shouldering big responsibilities. Even then, your current responsibility, as the head of the panel to draft the National Education Policy, perhaps dwarfs everything else. Because it has the power to transform India. It is much easier to improve the position ... Read More »
Federal Reserve Chairwoman Janet Yellen The Nasdaq and S&P 500 finished higher while the Dow industrials closed fractionally lower Wednesday as Federal Reserve policy meeting minutes indicated a reduction in the central bank’s economy-boosting balance sheet could begin soon, and technology stocks rallied amid a disappointing manufacturing report and a tumble in crude futures. The Dow Jones Industrial Average DJIA, -0.01% finished down ... 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 »
In line with its goal of having six percent or more under-represented minorities in leadership roles, Twitter has hired Castleberry Singleton to lead its diversity efforts. “Excited to announce I’m joining @Twitter as the new VP of Inclusion and Diversity. Can’t wait to help build on the company’s great progress!” Singleton said in a tweet on Wednesday. She previously founded ... Read More »
New Delhi: The HRD Ministry has named scientist and former DRDO chief Vijay Kumar Saraswat as the next chancellor of JNU. A full-time member of NITI Aayog, Saraswat will be replacing ISRO chief Krishnaswamy Kasturirangan whose five- year term ended on 30 March. Though Saraswat is yet to receive official communication, his name has been finalised for the varsity’s top ... 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 »
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