Category: Tech
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Asian stocks dip on tech losses, Trump comments rattle Taiwan, China markets By Investing.com
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Most Asian stocks fell on Wednesday, with losses centered around Taiwan and China after Republican presidential candidate Donald Trump said Taiwan should pay the United States for defense. However, broader losses were limited by a strong lead from Wall Street, with the Dow Jones rising about 2% to record highs,…
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With Trump VP pick J.D. Vance, Silicon Valley conservatives land a ‘tech bro’ on the ticket By Reuters
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By Alexandra Ulmer and Don Chmielewski MILWAUKEE (Reuters) – Donald Trump’s pick of J.D. Vance as his running mate raised hopes among Silicon Valley conservatives on Tuesday that they might benefit from having a fellow tech entrepreneur within reach of the White House for the first time. “We have a…
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UnitedHealth expects bigger hit to profit from tech unit hack By Reuters
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Written by Sriparna Roy, Mariam Sani and Amina Niasse (Reuters) – UnitedHealth Inc on Tuesday forecast a bigger hit to its annual profit from a February hack at its technology unit, but maintained its full-year earnings forecast. Shares of the Minnetonka, Minnesota-based company rose about 6% to $544.32 after it…
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Rosenblatt Analysts Say These 3 Tech Stocks Are Top Picks for the Second Half of 2024
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The second half of 2024 is well underway, making it the perfect time to dive into analyst picks. The Rosenblatt Securities team has been working on compiling their “best ideas” for the coming months, with a strong focus on technology-related investments. These picks include interesting investments in video content, networking,…
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AI plays role as tech layoffs surpass 100,000 in 2024
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wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job cuts in the sector have exceeded 100,000 so far this year, to 106,630 as of July 12, according to the tracker. Layoffs.fyi. more Recently Mass layoffs In the…
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Gov’t cuts programs to promote inclusivity in Israel’s tech industry
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As the war continues and the budget deficit widens, hundreds of cuts to Israel’s state budget include programs to increase employment opportunities for Arab, Druze and Haredi communities in the technology industry. The programs reduced by the Ministry of Economy and Industry include subsidizing the wages of Haredi, Arab and…
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Tech resilience amid market challenges: Insights from today’s stock heatmap
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Stock Heat Map from FinViz.com Friday, July 12, 2024 13:46:05 GMT Market Overview Today’s trading session reveals a mixed but resilient market scene, with notable performances across sectors. The stock market map provides a colorful snapshot of today’s performance, indicating a day of opportunities and setbacks. Technology and Semiconductors: Focus…
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What should investors do with tech stocks after a 21.5% H1 rally? By Investing.com
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Technology stocks, driven largely by gains in semiconductor and computer hardware sectors benefiting from advances in artificial intelligence, have outpaced the broader market by a wide margin in the first half of the calendar year. Technology stocks have surged 21.5% in the first half of 2024, and now present both…
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Big Tech surges as S&P 500 crosses 5,600 for first time
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On Thursday, investors will digest one of the most important data points that will shape the Federal Reserve’s future interest rate policy: the June consumer price index. The inflation report, due at 8:30 a.m. ET, is expected to show headline inflation at 3.1%, slowing from a 3.3% gain in May.…
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AmTrust to invest for 15% stake in weSure Global Tech
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US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech (TASE: WESR), at a price well above the current market price. The two sides signed a “significant private placement agreement.” weSure also controls Israeli traditional insurance company Ayalon. Following the announcement,…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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Two risks to the AI tech rally By Investing.com
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Yardeni Research analysts have raised concerns about the continued rise of AI technology, identifying two key risks that could hamper the sector’s massive growth. While AI promises to revolutionize industries, there are signs of “AI hyperinflation” that warrant caution. First, the unprecedented influx of money into AI startups is a…
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Tech giants rally: A snapshot of today’s vibrant stock market
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Stock Heat Map from FinViz.com Friday, July 05, 2024 13:46:14 GMT Market Overview Today’s stock market map reveals a dynamic trading landscape, with big tech companies like AMD and Google leading the way amid mixed sector trends. The map highlights key moves that provide an indication of investor sentiment and…
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Tech deals revive Tel Aviv’s office market
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Recent times have not been the best for the office real estate sector in Israel. The slowdown in the tech industry in Israel and around the world, rising interest rates, political instability in Israel and of course the war have all contributed to a significant slowdown, especially after the boom…
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Nigeria to focus on Blockchain and emerging tech with plans to deploy research centers
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Nigeria’s National Information Technology Development Agency (NITDA) is looking to roll out research centers geared towards emerging technologies like Blockchain. The initiative was Advertise By the Director General of the National Technology Development Agency, Kashifu Eno, at the West Africa Internet of Things Conference in Lagos. According to the Director…
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Stock market today: Positive momentum in Healthcare, Tech sees a mixed bag
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Stock heatmap from FinViz.com Fri, 28 Jun 2024 13:46:13 GMT Overview of today’s market dynamics The US stock market showed a mixed performance across sectors, with notable gains in healthcare driven by UnitedHealth (UNH) and mixed sentiment in the technology sector. Below is an in-depth look at the sectors, highlighting…
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Hedge funds ‘aggressively’ sold tech stocks in June
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Data from Goldman Sachs shows that hedge funds are selling technology stocks aggressively now, with net dollar selling of the sector in June the largest on record. “Hedge funds aggressively sold TMT shares last month, led by Semis & Semi Equip (reversing the year-to-date trend) — and net U.S. TMT…
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Shares of Nvidia surge nearly 7% to lead tech rebound
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There’s a guy on Nvidia right now talking about NVDA at a $6 trillion valuation, and he’s not the kind of guy you see at the bottom… However, today stocks are up almost 7% in a huge rebound that almost erases yesterday’s drop. The rebound came from just above the…
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UBS neutral on EM stocks, but likes tech By Investing.com
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Investing.com — UBS said it was largely neutral on broader emerging market stocks amid heightened political volatility and limited upside potential from higher U.S. interest rates. But the brokerage firm said it prefers technology stocks in emerging markets, noting that the sector has largely outperformed its counterparts in emerging markets…