Stock futures pointed higher Wednesday on optimism that the 43-day U.S. government shutdown would soon come to an end. Futures associated with the tech-heavy tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were up a respective 0.5%, 0.3%, and 0.1%. The three major stock indexes ended mixed yesterday, with the Dow jumping 1.2%, or about 560 […]
Analysis-Big tech stops complaining, starts complying with Australia’s teen social media ban
Internet domain registrar GoDaddy GDDY.N owes a patent owner $170 million for violating its rights in website-building technology, a Delaware federal jury said in a verdict made public on Friday. The jury agreed with Express Mobile that GoDaddy’s web-design tools infringe two of its patents. GoDaddy said in a statement that it disagrees with the
GoDaddy Hit With $170M Patent Verdict Over Web-Design Tech Read More »
U.S. stock futures fell in premarket trading on Friday as cooling AI sentiment weighed on tech stocks and put the major indexes on track to post weekly losses. Futures tied to the tech-heavy Nasdaq 100 were down about 0.6% in early trading on Friday, while benchmark S&P 500 futures were down 0.4% and the blue-chip
Don’t be fooled by the fog machine, spooky lights and fake bats: the robotics lab at Worcester Polytechnic Institute lab isn’t hosting a late Halloween party. Instead, it’s a testing ground for tiny drones that can be deployed in search and rescue missions even in dark, smoky or stormy conditions. “We all know that when
Tech University Students Think Tiny Drones Inspired by Bats Could Save Lives Read More »
Stock futures were little changed Thursday, a day after major indexes rebounded from a selloff in tech stocks caused by worries of AI valuations. Futures associated with the benchmark S&P 500 and tech-heavy Nasdaq were up less than 0.1%, while those affiliated with the blue-chip Dow Jones Industrial Average ticked down less than 0.1%. The three major indexes closed
Stock Futures Little Changed After Indexes Rebound From Tech Rout Read More »
Stock futures pointed sharply lower Tuesday, with shares of Palantir Technologies leading declines even though the AI software firm reported strong quarterly results. Futures associated with the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were down 1.3%, 1%, and 0.6%, respectively, a day after the indexes closed mixed. Palantir Technologies (PLTR) shares sank nearly 8%
Stock Futures Point Sharply Lower; Palantir Leads Tech Share Declines Read More »
Key Takeaways Several cloud providers forecast their capital expenditures would continue to grow—possibly at an even faster rate—next year as they build the data centers required to train and run AI models. AI features have unexpectedly boosted business units that, just a couple of years ago, Wall Street thought might be disrupted by the technology.
Here’s What We Learned From Big Tech Earnings Last Week Read More »
Tech firms will likely command the spotlight during this week’s earnings calendar, though pharmaceuticals and gig economy providers are also likely to be in focus. Artificial intelligence demand will be top of mind for market watchers when chipmakers Advanced Micro Devices, Qualcomm, and Arm Holdings, as well as software provider Palantir, report earnings this week.
AMD, Palantir, Pharmaceutical and Tech Earnings; Private-Sector Employment Report Read More »
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