U.S. stock futures were lower this morning, likely extending Monday’s sharp losses at the open. The Dow and S&P 500 are at their lowest points of November, and the Nasdaq’s Monday close was its lowest in nearly seven months. (CNBC) * Cramer: The sell-off can’t end until these 10 problems are fixed (CNBC) * Once popular tech stocks like Facebook ... Read More »
U.S. stock futures were lower this morning, likely extending Monday’s sharp losses at the open. The Dow and S&P 500 are at their lowest points of November, and the Nasdaq’s Monday close was its lowest in nearly seven months. (CNBC) * Cramer: The sell-off can’t end until these 10 problems are fixed (CNBC) * Once popular tech stocks like Facebook ... Read More »
US stocks climbed for the fourth straight day Tuesday as strong earnings continued to pull the market closer to the record high it set in late January. Industrial companies rose and banks moved higher as interest rates increased. Gains for Microsoft and Google’s parent company, Alphabet, helped technology companies. Companies including Hertz, Etsy, and Mosaic climbed after their results surpassed ... Read More »
At the midpoint in 2018, the US tech market is on track to grow by 6.7% in 2018, the fastest growth since 2012. However, 2019 is looking more uncertain, and we forecast that growth in US business and government spending on tech goods, software, services, and staff will slow to 5.5%. ForresterFORRESTER Three factors are driving this strong performance for the ... Read More »
SILICON Valley giants have become a gargantuan force on Wall Street, as demonstrated by Apple recently topping US$1 trillion in stock-market valuation. But should we fear that a new tech bubble is ready to burst? Here are some questions and answers about the sector: WHAT DOES THE TECH SECTOR REPRESENT ON WALL STREET? Apple ended the formal trading week worth ... Read More »
HIGHLIGHTS New smartphone-based payment service will be named PayPay It will be a joint venture between SoftBank and Yahoo Japan PayPay is planned to launch in fall 2018 SoftBank has announced that it will leverage the technology of India-based digital payments company Paytm in a new mobile payments service it is launching. The new smartphone-based payment service, named PayPay, will be a joint ... Read More »
Despite some volatility, tech stocks are trouncing the broader market this year as top-performing tech funds score double-digit gains. ETFMG Prime Cyber Security (HACK) leads the pack with a 19.8% year-to-date gain through May 9, according to Morningstar Direct. That’s far ahead of the S&P 500’s 1.5% advance. The ETF lost 2% Friday, but remains just below its all-time highs. ... Read More »
Merrick Laravea Merrick Laravea is a PR professional based in Seoul writing about the intersection of tech and modern life in South Korea and beyond. A worker installs solar panels at a solar power plant on May 15, 2018 in Lianyungang, China. (VCG/VCG via Getty Images) The next gathering of the World Energy Congress is still over a year away, but you ... Read More »
Amid the recent market turmoil, one group of stocks has managed to stay above the fray: tech. And there are some specific names in the space market watchers are eyeing for a big breakout. Miller Tabak equity strategist Matt Maley pointed out that the tech-stock tracking ETF (XLK) has recouped all of its losses in the last month, but warned ... Read More »
Theo Wargo/Getty The number of tech startups going public should jump to around 50, investment bankers who cater to the industry say. But don’t expect a lot of big-name companies to hit the public markets. Instead, enterprise-software companies will likely represent the lion’s share of new offerings, the bankers said. Many startups are feeling pressure from venture investors and employees ... Read More »
Techosta Where Tech Starts From