Stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Walmart slumped. Bond prices rose, sending yields lower. KEEPING SCORE: The Standard & Poor’s 500 index dropped 25 points, or 1 percent, to 2,442 as of 1:50 p.m. Thursday on Wall Street. The Dow ... Read More »
Forrester’s latest European tech market forecast projects that growth in purchases of technology software, hardware, and services by European businesses and government measured in Euros will hold steady at 1.6 percent in 2017, and increase to 2.2 percent in 2018. Spending on software and tech consulting services will do better, with software spending rising by 2.5 percent in 2017 and 3.5 percent ... Read More »
Toronto is North America’s fastest growing tech market, outpacing New York and San Francisco combined, according to CBRE’s fifth annual Scoring Tech Talent Report. The report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent, also shows Toronto is the second-cheapest place to operate a tech firm. Even Oklahoma City, the cheapest ... Read More »
FreightBro leverages technology to enable freight forwarders to make data-driven decisions, predict changes in the market and provide better value to shippers. The bustling industrial centre of Oragadam, Chennai, houses hundreds of SMBs exporting automotive parts to Turkey, South Africa, South Korea and Europe. But their precision is plagued by transport inefficiencies and port documentation delays. The $200 billion logistics ... Read More »
Nasdaq and technology stocks are sending up warning flares that the broader market may be getting ready for a late-summer sell-off. The Dow surged above 22,000 for the first time ever Wednesday, and the S&P 500 and Nasdaq also rode higher after Apple’s strong earnings cast a positive glow across the market. But those gains evaporated and the Dow was just slightly higher for most ... Read More »
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 »
Alameda’s Public Utilities Board presented a check for $10,426 to the Alameda Education Foundation on July 17 to support tech education in schools. From left, are: AEF president Bill Sonneman, AEF board member Margie Sherratt, AEF board member Tracy Zollinger, AEF board member Daniel Chin, and PUB President Ann McCormick. (Alameda Municipal Power) By FROM STAFF REPORTS | Bay Area News Group ... 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 »
The Chinese company unveiled AI-focused technology and gadgets at the show Artificial Intelligence (AI) and the glitzy, sometimes mysterious, aura around what the technology promises entices everybody, right from the tech bigwigs to scribes jostling for the latest byte or scoop about it. A recent example being Facebook founder Mark Zuckerberg siding with the technology, saying it promises a lot, ... Read More »
HIGHLIGHTS Google, Amazon, Microsoft and Facebook among those against Qualcomm Qualcomm is seeking a ban on iPhone using chips other than its own Tech giants say that doing so would cause “significant shocks to supply” A group representing major technology companies has aligned itself against Qualcomm in its legal dispute with Apple by calling on regulators to reject Qualcomm’s bid to ban the import of ... Read More »
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