Nvidia and the Magnificent 7
Nvidia's exceptional earnings marked the conclusion of another notable reporting season for the "Magnificent 7" tech stocks, highlighting their significant influence over this year's remarkable&nbs......
Unleashing AI Potential
In a strategic move reflecting the AI computing trend, SoftBank's Arm is gearing up for a substantial US initial public offering (IPO).
Leading financial institutions, including Barclays, Goldman Sachs......
Staffing at major tech companies
Amazon, Meta, Alphabet and Microsoft will collectively spend more than $10bn due to massive layoffs and other austerity measures. The Financial Times reported this on Friday, citing earnings reports.
It said the com...
Competition in the digital advertising market
Alphabet and Meta have lost their edge in the digital advertising market due to growing competition from Amazon, TikTok, Microsoft and Apple. The Fi...
Corporate earnings and economic data
This week will be packed with new corporate earnings data and key housing and consumer spending data.
However, on the New York Stock Exchange on Friday the Dow Jones fell 2.82% to a one-month low, the S&P 500 ......
After the close of trading
The New York Stock Exchange closed Monday with gains in key indices on the back of stronger shares in the technology sector.
The Dow Jones Industrial Average rose 103.61 points (0.3 per cent) to 34,921.88.
The S&P 500 ......
Lower income than expected
Alphabet Google (GOOGL, GOOG) reported that revenue growth in the Google Cloud YouTube division lagged analysts' forecasts, despite strong performance in the featured ...
New devices from Google
Google on Tuesday unveiled its new Pixel 6 and Pixel 6 Pro smartphones with proprietary Tensor chips and the recently released Android 12 operating system. The new dev......
A threat to Apple and Google
Google and Apple face the first legal precedent of limiting the dominance of their payment systems in the Play Market and Apple Store app shops in South Korea. The presence of third-party paym......
Asian news
SoftBank has managed to raise more than $6 billion by liquidating its shares in companies such as Facebook, Microsoft, Alphabet, Salesforce.com and Netflix and another $4 billion in partial sales of stakes in Uber Technologies&n...
Stock sell-off
Softbank, the world-renowned Japanese investment bank, published its financial report for the quarter ended 30 June on Tuesday. In addition to lower profits, Softbank's report showed a sell-off in shares in Microsoft, Facebook, Alphab...
Goole and Qualcomm's chips
Google announced on Monday that it will start producing its own processors called Tensor for its new range of Pixel 6 and Pixel 6 Pro smartphones. This is the "beginning......
Google's report
Global digital advertising giant Google has posted a strong quarter, with results beating Wall Street expectations. Revenues at Google Cloud rose 54.3%. Shares were up 3.8% before the opening bell.
Shar...
Trading on Tuesday
US stock indices declined in trading on Tuesday, retreating from recent records. Investors were assessing June US inflation data as well as quarterly reports from some of the country's largest banks.
US consumer prices (CPI) jumped......
Large-company stocks
US stock indices rose in trading on Wednesday, with the S&P 500 and Nasdaq Composite reaching record highs at one point in the session.
The Dow Jones Industrial Average index rose 25.00 points (0.07%) to 34602.37 points.
The......
Trading results
US stock market rallied on Friday but ended the week in the red.
The Dow Jones Industrial Average index rose 360.68 points (1.06%) to 34382.13 points.
The Standard Poor's 50......
Alphabet's earnings growth
Shares in Alphabet, Google's parent company, hit a 52-week high in early trading on Wednesday after the company reported a jump in profits and a 34% rise in revenues.
Alphabet (GOOGL, GOOG) reported its fin...
Tracking users
The Chrome web browser will not develop new ways to track users' online activity after abandoning third-party cookies that allow it to collect data about users to show them relevant online advertisements, according to a post on the offi......
Selling the division
IBM is in the early stages of talks to sell or spin off its unprofitable Watson Health division. This could help IBM streamline its business and speed up restructuring.
IBM (IBM) is considering selling or separating its Watson He......
Negotiations by the companies
Hyundai and KIA Motors (KS:000270) have denied media reports that they are allegedly in talks with Apple (NASDAQ:AAPL) to develop autonomous electric cars.
The South Korean carmaker notes that it has received requests fo......
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