The major market averages ended the first trading session of 2018 near their highs, logging strong gains — a great start following impressive 2017 performances. The tech-heavy Nasdaq led the way with a 1.5% advance Tuesday, hitting a fresh record high. The S&P 500 also reached a new high, rising 0.8%, while the Dow Jones industrial average followed up with a ... Read More »
Growth in the technology industry has become a big driver of activity in the local commercial real estate market, according to a new report by CBRE, which ranked Indianapolis fourth for tech-job increases among U.S. cities. The real estate firm’s annual “Tech 30 Report”—which is based on U.S. Department of Labor statistics and the company’s proprietary research—found the tech labor ... Read More »
HONG KONG (Reuters) – China’s biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Tencent has made a “breakthrough” in gaining an e-payment license in Malaysia for local transactions, and plans a launch early next ... Read More »
Technology stocks and sector-related ETFs have outperformed this year with some technology ETFs posting gains that are more than double those of delivered by the S&P 500. The Technology Select Sector SPDR Fund (NYSEArca: XLK), the largest tech ETF, is outpacing the S&P 500 by a 2-to-1 margin. XLK tries to reflect the performance of the Technology Select Sector Index, which is ... Read More »
Bluegogo, one of China’s largest bike-share companies, appears on the edge of ruin, with its office empty, debts unpaid and its CEO suddenly absent. The firm, which has raised $58 million and funded moves into Sydney and San Francisco, has outstanding debts of $30m it cannot pay, one insider told Yicai Global. Bluegogo, which has 700,000 bikes in its network, was ... Read More »
Looking back at the last six months, tech industry researchers are confident that the rest of this year and then on into 2018, we will see worldwide purchases of technology hardware and software mainly government and corporate businesses will grow by as much as three percent this year and most likely by four percent next year. The continuing flexibility and ... Read More »
(GeekWire Photo / Kurt Schlosser) Seattle’s housing market is seeing the fastest appreciation in home values in the country, according to the latest data from Zillow Group. The real estate data powerhouse released its September Market Report report Thursday and it shows Seattle’s home price growth is even outpacing Silicon Valley’s. Now would be a perfect time to join in on this ... Read More »
By Andrew Bartels, Vice President and Principal Analyst Forrester published its mid-year global tech market outlook for 2017 and 2018. In constant currencies, we project that global purchases of technology software, hardware, and services by businesses and governments will grow by 3.4% in 2017, and by 4% in 2018. Software and tech consulting services spending will see the strongest growth, with ... Read More »
Microsoft recently confirmed that its Windows Phone operating system is over and done. That means when it’s time to buy a new smartphone, there are basically only two operating systems a consumer can choose from: iOS or Android. The two have a sort of duopoly on the smartphone market. Apple released the first iPhone in 2007, and a little over ... Read More »
British designer Benjamin Hubert has teamed up with entrepreneur Asad Hamir to launch a new electronic accessories brand, which they hope will rid us of “chaotic cords and broken cables”. Hubert and Hamir debuted the Nolii brand this morning at the Design Frontiers exhibition, which is taking place at Somerset House as part of London Design Festival. The duo – Hubert a designer and ... Read More »
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