The Dow industrials finished at an all-time high on Monday, but the broader market’s gains were hobbled by losses in the technology sector. The Dow Jones Industrial Average DJIA, +0.41% gained 60.81 points, or 0.3%, to close at 21,891.12, pulling back from its best levels after hitting an intraday record earlier in the session at 21,929.80. The S&P 500 index SPX, +0.25% declined 1.80 points, or ... Read More »
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 »
12:10 pm Buzzing: Adani Power shares fell as much as 4 percent intraday after foreign brokerage house Citi discontinued its coverage on the stock. “We are discontinuing coverage on Adani Power due to reallocation of our resources. The firm’s last recommendation for the stock is sell and our target price is Rs 23. This is our last rating on Adani Power,” the ... Read More »
Manpreet Romana | AFP | Getty Images A US Marine of 2nd Marine Expeditionary Brigade runs to safety moments after an IED blast in Garmsir district of Helmand Province in Afghanistan on July 13, 2009. The global war on terror is fueling demand for robotic and other technology that can defeat or detect improvised explosive devices, or IEDs. The counter-IED ... Read More »
Malmö, Sweden-based OctoFrost Group, a manufacturer of individual quick freezing (IQF) freezer tunnels, has purchased Innotec Systems BV, a maker of customized industrial food processing machinery. The acquisition is intended to make OctoFrost is a key player in supplying complete IQF processing lines, the company in its press release announcing the deal. Terms of the deal were not announced, but ... Read More »
The downward trend continues for the worldwide PC market in the second quarter of 2017. According to the latest data from Gartner, global PC shipments totaled 61.1 million for the said period, representing a 4.3 percent decline from the same quarter last year. Worldwide PC Shipments Spiral Downward The figure also represents the lowest single quarter of PC shipments since 2007. On ... Read More »
Ariel Jerozolimski | Bloomberg | Getty Images Inside the Tel Aviv Stock Exchange Israeli pension funds are expected to get a waiver that will allow them to invest in four new high-tech funds for which the government issued new tenders this week. The new mutual funds, meant for both private and institutional investors, are to be traded on the Tel ... Read More »
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 »
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 »
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