US TECH
US senators call out big tech's new approach to poaching talent, products from smaller AI startups President Joe Biden's administration and lawmakers from both parties have promoted stricter oversight of the tech industry recently. US antitrust authorities plan to investigate the roles of Microsoft, Nvidia, and OpenAI in the AI boom, with the Dep...
13 Jul, 2024, 04.48 PM ISTWill mid and specialized IT companies pay more as the sector makes a comeback ? 6 Mid sized IT stocks with upside potential of upto 41% It was after a long period of time that IT stock made a comeback on Friday as reflected in the top gainers list which was dominated by IT stocks. Now the question is whether it is another false start or the Q1 results from TCS and HCL tech are refle...
13 Jul, 2024, 03.15 PM ISTWall Street Week Ahead: Expected US rate cuts have investors looking beyond big tech Looming U.S. interest rate cuts are challenging investors to choose between continuing to invest in high-performing Big Tech stocks or diversifying into less favored market areas that could benefit from easing monetary policy. Recent market movement...
13 Jul, 2024, 09.15 AM IST
US inflation data, IT stocks propel Indian indices to fresh highs The NSE Nifty rose 186.20 points, or 0.77%, to close at 24,502.15, having hit a lifetime high of 24,592.20 during the day. The BSE Sensex rose 622 points, or 0.78%, to end at 80,519.34, down from an intraday record of 80,893.51.
13 Jul, 2024, 07.20 AM IST‘Big Short’ investor Steve Eisman says you have to own big tech Senior portfolio manager Steve Eisman foresees prolonged strength in US megacap tech stocks driven by AI accessibility. Eisman recommends owning large-cap tech stocks like Apple, Nvidia, Microsoft, and Oracle. Despite concerns about Nvidia's valuati...
12 Jul, 2024, 07.35 AM ISTAsian stocks fall after US tech slump; Yen swings: Markets wrap Asian equities fell amid US inflation signs. Yen fluctuated due to Bank of Japan actions. Japanese shares, Kospi dropped, while Australian shares rose. Nasdaq 100 fell 2.2%. S&P 500 and small-caps gained. Rate cut optimism drove riskier investments....
12 Jul, 2024, 06.40 AM ISTAsian stocks echo US rally ahead of inflation data: Markets wrap Tech rally lifted Asian stocks, S&P 500, and Nasdaq 100; Taiwan Semiconductor strong. Powell hinted at rate cuts; core CPI to rise. China tightened short selling. Inflation data awaited. Japan orders, Thai confidence, Malaysia, and South Korea polic...
11 Jul, 2024, 06.39 AM ISTMicrosoft, Apple drop OpenAI board plans as scrutiny grows Microsoft and Apple have decided against taking board roles at OpenAI, citing regulatory scrutiny. Microsoft's $13 billion investment and integration of OpenAI's tech in products like Windows face antitrust probes. Despite withdrawing, concerns abou...
10 Jul, 2024, 11.48 PM ISTNasdaq, S&P 500 power on as Nvidia surge lifts tech stocks Monday marked the 35th instance of the S&P 500 setting a fresh closing record this year, as sharp gains in AI-linked and other tech shares kept equity sentiment bright, offsetting the uncertainty around the Fed's rate-cut path. However, the Dow Jone...
09 Jul, 2024, 10.46 PM ISTU.S. creates high-tech global supply chains to blunt risks tied to China The core elements of the plan include getting foreign companies to invest in chipmaking in the United States and finding other countries to set up factories to finish the work.
09 Jul, 2024, 10.13 AM ISTSensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increa...
09 Jul, 2024, 09.50 AM ISTEU asks Amazon for more info on Digital Services Act compliance "In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.
05 Jul, 2024, 11.48 PM ISTJapan's Nikkei rises as tech stocks track US growth shares The machinery sector outperformed all other segments, leading as the top performer among TSE's 33 industry sub-indexes.
03 Jul, 2024, 12.30 PM ISTEchoes of dotcom bubble haunt AI-driven US stock market AI enthusiasm, along with a robust economy and improved earnings, has driven the S&P 500 index to new highs this year, surging over 50% since October 2022. The Nasdaq Composite, heavily influenced by technology stocks, has soared more than 70% since...
02 Jul, 2024, 03.38 PM ISTWho is Rishi Shah: The man who defrauded Goldman Sachs, Google of $1 billion Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme involving his healthcare advertising startup. The case has impacted major investors and drawn attention to c...
02 Jul, 2024, 01.56 PM ISTElon Musk says X saw record usage during US presidential debate President Biden's debate performance satisfaction contrasts with Democrats' doubts about his competitiveness against Trump, reflecting uncertainties in the upcoming election.
29 Jun, 2024, 12.47 PM ISTTech boom leads global markets through first half of 2024 The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period ref...
29 Jun, 2024, 09.44 AM ISTUS stocks struggle for direction as investors evaluate tech trade Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
26 Jun, 2024, 10.47 PM ISTWall St Week Ahead: Rally in US big tech stocks may be getting stretched The blistering rally in U.S. big tech stocks, particularly in the S&P 500, may be due for a breather amidst concerns of overheating, especially with Nvidia Corp's significant gains. Market segments like utilities are lagging behind tech stocks, prom...
22 Jun, 2024, 10.01 AM ISTUS proposes targeted restrictions for AI, tech investment in China The U.S. proposed rules to regulate investments in China to prevent sensitive technology development, supported by Treasury Assistant Secretary Paul Rosen.
21 Jun, 2024, 10.50 PM IST