Category: Tech
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Big tech leads Nasdaq surge as CPI inflation meets the mark
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Consumer price increases met expectations in November – but overall, inflation remains hot. The sticky nature of printing is “a bit concerning,” Paul Ashworth, chief North America economist at Capital Economics, wrote on Wednesday. “But we don’t expect the Fed to be convinced to skip another 25 basis point rate…
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Israeli climate tech startups meet French industrial giants
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If only it were up to the Dan brothers, Yossi and Andre, and their indefatigable small company challengeIsraeli technological innovation will be a major part of the French business stream. As we mentioned in previous articles, bringing giant companies from abroad to Israel during high-risk periods such as now presents…
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As Big Tech Profit Growth Slows, Investors Hunt for a New Thing
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Breadcrumb links BMN Business The growth engine of the stock market is running on fumes. Article writer: Bloomberg News Wittenstein’s neighbors Published on December 7, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. E(n)786hdv70v9o6grqhgs8x_media_dl_1.png Bloomberg…
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Israeli tech M&A deals reach new peak – report
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Also this year, Israel’s technology industry delivered record numbers of mergers and acquisitions. According to a new report from Vintage Investment Partners, M&A deals hit a new peak this year at $10.5 billion, 22% higher than the previous peak of $8.6 billion in 2021. A particularly interesting figure in this…
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Dow, S&P 500, Nasdaq gain as tech stocks lead, with Fed’s Powell on deck
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US stocks rose on Wednesday, as technology helped pave the way to new highs and investors waited to hear from Federal Reserve Chairman Jerome Powell for clues on what’s next for interest rates. The Dow Jones Industrial Average (^DJI) rose 0.6%, or more than 200 points, while the S&P 500…
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Japan Police Nab Online Gamblers Using New Tech
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Japanese authorities are strengthening their campaign against illegal cryptocurrency gambling among local players, especially those registered at licensed offshore casinos. According to multiple sources, the local police reported Capture local players From offshore casinos using a crypto tracker. The Asahi Shimbun and Nikkei reported that authorities referred 10 people in…
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Algorized Named to Fast Company’s Fourth Annual List of the Next Big Things in Tech
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on November 24, 2024 • 2 min…
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Algorized Named to Fast Company’s Fourth Annual List of the Next Big Things in Tech
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on November 24, 2024 • 2 min…
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People underestimate AI the same way everyone underestimated steel in the 1800s, tech CEO says
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Our world is in the midst of an AI revolution, and as the technology matures, we will see how companies learn to leverage it and grow with it. Zig Serafin, CEO of management software company Qualtrics, told an old saying in… luck’Q The Global Forum conference will be held in…
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GenAI: Leveraging tech for business transformation
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Generative Artificial Intelligence (GenAI) is no longer just a futuristic concept, but a tangible tool to transform businesses around the world. In Kenya, its integration into daily operations is becoming increasingly popular, whether through tools like ChatGPT, Microsoft Copilot or Bard. These apps often help automate mundane tasks like drafting…
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New initiative connects Israeli tech to UK healthcare
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The Dangor Foundation, in partnership with the UK-Israel Tech Hub at the British Embassy in Israel, launched the project Dangor Academy of Health Technology today. The Academy seeks to introduce leading Israeli technology to UK healthcare partners – and encourage the development and adoption of transformative technologies in Britain to…
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Tech leaders plan $800 Tel Aviv – New York return fares
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For more than a year, American airlines have not operated regular flights to Israel, and they left El Al Israel Airlines Ltd (level:Ellal) as the only carrier that operates direct flights between Israel and the United States. The worsening situation imposes a virtual siege on sectors of the economy that…
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How Silk Sheets, Peptides, and Tech Devices Support Wellness
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Biohacking, the practice of using science, technology and lifestyle modifications to improve health, has taken off in recent years as people seek to take control of their wellness routines. Rest and recovery, which are often overlooked, play a vital role in biohacking. Quality rest enables the body to repair itself,…
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Big Tech earnings preview: slowest growth in 6 quarters
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Slowing earnings growth is removing some of the strength surrounding the tech giants in the stock market as they prepare to report their earnings this week. Whether they can reverse this trend will go a long way in determining whether the rally in stocks can continue. The five largest companies…
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Delta sues cybersecurity firm CrowdStrike over tech outage that canceled flights
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ATLANTA (AP) — Delta Air Lines Inc. filed a lawsuit against CrowdStrike on Friday, alleging the cybersecurity company took shortcuts and caused technology outages around the world that led to the cancellation of thousands of flights in July. The airline is seeking compensatory and punitive damages stemming from the outage,…
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Are tech billionaires hijacking our future? This Nobel laureate warns of Big Tech’s stranglehold on AI and democracy
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Should our future be decided by the CEOs of Big Tech? For Nobel laureate in economics Simon Johnson, giving too much power to a handful of billionaires would come at the expense of the public interest. The British-American economist who teaches at the Massachusetts Institute of Technology also stressed that…
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Tech Stocks Up in Late Trading as Tesla Surges 8%: Markets Wrap
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(Bloomberg) — Big Tech companies rose in recent hours as Tesla Inc. “Magnificent Seven” earnings season with better than expected results. Treasury yields rose on bets that the Federal Reserve will take a more measured approach to interest rate cuts. Most read from Bloomberg After the stock market sell-off, Wall…
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Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
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The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…