Amazon slumps as tech selloff worsens
Oct 28 (Reuters) – Amazon.com Inc’s (AMZN.O) shares tumbled about 13% in premarket trading, with the online retailer coming close to losing its spot in… Read More »Amazon slumps as tech selloff worsens
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Soccer Inter Milan president says top investor committed to club long term
MILAN, Oct 28 (Reuters) – Inter Milan president Steven Zhang said on Friday that Chinese top investor Suning has committed long-term to the side and… Read More »Soccer Inter Milan president says top investor committed to club long term
Analysis: Tech wreck shows US megacaps not immune to corrosive Fed tightening
NEW YORK, Oct 28 (Reuters) – Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a… Read More »Analysis: Tech wreck shows US megacaps not immune to corrosive Fed tightening
South Africa’s Telkom launches 5G network with Huawei
JOHANNESBURG, Oct 27 (Reuters) – South African telecoms operator Telkom (TKGJ.J) has launched its 5G high-speed internet network using technology from China’s Huawei Technologies. [RIC:RIC:HWT.UL]the… Read More »South Africa’s Telkom launches 5G network with Huawei
Tech giants feel pain as cloud spending cuts suggest slowdown
Oct 27 (Reuters) – In a further sign that large companies may be girding against an imminent recession, US tech giants Amazon.com (AMZN.O), Microsoft (MSFT.O)… Read More »Tech giants feel pain as cloud spending cuts suggest slowdown
Weak Amazon outlook another blow to tech-type growth shares
Oct 27 (Reuters) – Amazon.com Inc (AMZN.O) shares skidded as much as 21% after hours on Thursday after it forecast costs might eviscerate its profit… Read More »Weak Amazon outlook another blow to tech-type growth shares
Apple earnings a bright spot as inflation hits tech companies
Oct 27 (Reuters) – Apple Inc (AAPL.O) on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in… Read More »Apple earnings a bright spot as inflation hits tech companies
EU wants 40-man antitrust team to enforce new tech rules, official says
BRUSSELS, Oct 27 (Reuters) – EU antitrust regulators are looking to establish a 40-man team and hire a technology expert to enforce tough new rules… Read More »EU wants 40-man antitrust team to enforce new tech rules, official says
PGA Tour, US Golf Association, Augusta National Golf Club under DOJ probe report
WASHINGTON, Oct 26 (Reuters) – Augusta National Golf Club, the US Golf Association and PGA of America are included in the US Justice Department’s antitrust… Read More »PGA Tour, US Golf Association, Augusta National Golf Club under DOJ probe report
Exclusive: India’s Reliance seeks repeat of phone success with $184 laptop
NEW DELHI, Oct 3 (Reuters) – Reliance Jio will soon launch a laptop priced at just 15,000 rupees ($184) – one of the cheapest on… Read More »Exclusive: India’s Reliance seeks repeat of phone success with $184 laptop