Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer
Microsoft on Tuesday said it expects lower-than-expected quarterly growth for its Azure cloud platform and that capital spending will rise this fiscal year, another sign that the payback on its big AI investments may take longer than initially thought. Shares fell 7% after the company gave its spending outlook on a conference call with analysts, […]
Senate passes bill to protect kids online and make tech companies accountable for harmful content
The Senate overwhelmingly passed a bill aimed at protecting children from dangerous online content on Tuesday, advancing the first major effort by Congress in decades to hold tech companies more accountable for the harm they cause. The bill, which passed with 91 votes in favor and 3 against, was pushed by parents whose children had […]
S&P 500, Nasdaq eke out small gain Monday as investors gear up for big tech earnings this week: Live updates – CNBC
1 hour ago S&P 500 and Nasdaq end Monday with modest gains The S&P 500 and Nasdaq Composite Indexes were up slightly on Monday as investors focused on earnings forecasts from major technology companies due to be released in the coming days. The S&P 500 rose 0.08% to finish at 5,463.54, the Nasdaq Composite rose […]
Big Tech appears to censor Trump assassination attempt: ‘Election interference?’
Multiple users have reported that the tech giant’s search engine appears to be censoring the recent assassination attempt on former President Donald Trump in Butler, Pennsylvania. of New York Post On Sunday, The Washington Post reported that Google’s “autocomplete” feature failed to show search results related to the deadly attack on July 13. The news […]
Spooked stock market faces tech earnings minefield, Fed meeting
Spooked investors are gearing up this week for earnings reports from the market’s biggest tech companies, a Federal Reserve policy meeting and a closely watched jobs report that could determine the short-term trajectory of U.S. stocks after a wild turmoil. A months-long rally for big tech stocks hit a wall in late July, leading to […]
Microsoft or AMD: Deutsche Bank Chooses the Superior Tech Stock to Buy Ahead of Earnings – TipRanks
Over the past 12 months, market headlines have been dominated by technology, AI, and bull market news. It’s no secret that the explosive growth of AI has driven the rise of technology stocks on the market, but its success has led to the question: is this just a bubble? That question may be answered soon, […]
Stock futures rise slightly ahead of loaded week for tech earnings: Live updates – CNBC
Stock futures were slightly higher late Sunday as Wall Street prepared for a busy week of corporate earnings reports. Futures Dow Jones Industrial Average It increased by 72 points, or about 0.2%. S&P 500 Futures Up 0.2% Nasdaq 100 Futures Added 0.3%. The futures moves come after a volatile week for stock markets. of S&P […]
US tech company pulls Olympics ads after opening ceremony ‘mockery of the Last Supper’
Ceremonies for the 2024 Olympic Games opened in Paris on Friday night, giving spectators a taste of French culture and blasphemous art, but they have outraged Christians around the world and led at least one sponsor to pull out. Mississippi-based communications and technology company CSpire posted on X that it was pulling all of its […]
Tech company pulls advertising after blasphemous opening ceremony
Airbnb CEO Brian Chesky showed off a room containing a real Olympic torch on “The Craman Countdown.” Ceremonies for the 2024 Olympic Games opened in Paris on Friday night, giving spectators a taste of French culture and blasphemous art, but they have outraged Christians around the world and led at least one sponsor to pull […]
Dow soars over 600 points on tech rebound, optimism about Fed rate cuts
Wall Street’s major stock indexes closed higher on Friday, regaining some of the ground lost earlier in the week as investors again flocked to big tech stocks following a broad sell-off and inflation data stoked optimism that interest rate cuts could soon begin. The Dow Jones Industrial Average surged 800 points, closing at 40,589.34, up […]