Dow sinks 1000 points as tech woes, currency markets shake investors
Stock markets took a big hit on Monday as investors sold shares in U.S. companies and unwrapped positions in the Japanese yen, which has strengthened against the dollar after the Bank of Japan raised interest rates. The Dow Jones Industrial Average, which is made up of the largest U.S. companies, closed down 1,033 points, or […]
What's behind the massive selloff in tech stocks?
Shares of big technology companies fell sharply on Monday morning amid a broader market sell-off. Nvidia was the biggest faller among the Magnificent Seven tech stocks, opening 14.2% down from Friday’s closing price. Tesla opened down 10.9%, Apple was down 9.6% and Amazon was down 8.2% at the start of trading. Meta, the parent company […]
Stocks plunge as weak jobs report, tech woes rattle Wall Street
Stocks fell sharply on Monday morning as growing concerns about the strength of the U.S. economy and the outlook for microchip production spooked Wall Street. The Dow Jones Industrial Average plunged 2.8% after trading on Monday, opening 1,100 points lower. Dow futures were down more than 1,200 points before the market opened on Monday. The […]
Post of the day: What tech can’t live without
Many people have come to feel or believe that technology is now the single most unstoppable force in the world, even against their will. I believe that at the root of this techno-fatalism, which is the driving force behind both the optimism and pessimism we see today, is the judgment that technology will triumph over […]
Massive Layoffs At Intel With Tech 15K Jobs Cut, $1.6B Loss After Biden Administration Funding
Intel announced major layoffs on Thursday, cutting 15,000 jobs after a $1.6 billion loss, despite receiving a large amount of funding from the Biden administration. Intel is cutting 15 percent of its workforce, or about 15,000 jobs, as it restructures its business and seeks to better compete with industry leaders such as Nvidia and AMD. […]
‘I finally broke free’: Liberal tech CEO rejects Democratic Party, endorses Trump
The prominent technology entrepreneur has announced that he is leaving the Democratic Party and supporting President Donald Trump. David Marcus is a co-founder of Facebook Abandoned Diem, a cryptocurrency venture capitalist who ran Facebook Messenger for many years and was also president of PayPal, is now CEO of cryptocurrency startup LightSpark. While acknowledging that he […]
Upcoming Ford Maverick to have new tech features
National transportation expert Mike Caudill spoke on “The Big Money Show” about the history of the Ford Mustang and revealed the automaker’s plans for the future. Ford Motor is upgrading its popular Maverick pickup truck with a host of tech and other features for the 2025 model year. The automaker unveiled the next-generation pickup truck […]
Delta CEO says global tech outage cost airline $500M
Delta Air Lines CEO Ed Bastian said the recent global technology outage caused the airline to experience widespread flight delays and cancellations, costing the company $500 million. “This cost $500 million,” Bastian said Wednesday on CNBC’s “Squawk Box.” “Over the course of five days, we lost tens of millions of dollars a day in lost […]
Taco Bell to expand AI tech at drive-thrus
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and how to handle federal rates. Taco Bell customers across the U.S. may soon see a change in their drive-thru experience. Yum Brands, the fast-food chain’s parent company, said Wednesday it […]
NFL a step closer to ditching ‘chain gang’ with preseason tech tests
The NFL may finally be moving into the 21st century when it comes to measuring first downs. The NFL, which has long relied on the “chain gang” to determine whether the football has cleared the first-down marker, will test the Hawk-Eye system used in tennis in preseason games this year ahead of a possible full-scale […]