Feb 2 (Reuters) – Meta Platforms Inc (META.O) shares rose nearly 20% in premarket trade after the Facebook owner floored Wall Street by slashing its… Read More »Meta mojo is back: Earnings surprise sparks share surge, lifts Big Tech
BRUSSELS, Jan 31 (Reuters) – The European Union (EU) will consult the technology and telecoms sectors on whether tech giants like Alphabet Inc’s Google (… Read More »EU studying whether Big Tech should pay network costs – EU document
STOCKHOLM, Jan 31 (Reuters) – Shipments of personal computers and mobile phones are expected to fall for the second straight year in 2023, with phone… Read More »Mobile phone, PC shipments to fall again in 2023, Gartner says
Apple, Alphabet, Amazon slide ahead of earnings Fed decision on interest rates on Wednesday J&J falls after US court rejects talc-lawsuit strategy Indexes down: Dow… Read More »Tech, megacaps drag Wall St lower at start of big market week
Jan 25 (Reuters) – Microsoft Corp’s (MSFT.O) lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether… Read More »Microsoft’s dour outlook raises red flags for the tech sector
Activist investor Elliott Management takes stake in Salesforce Baker Hughes falls on missing Q4 profit estimates Indexes up: Nasdaq 1.05%, S&P 0.59%, Dow 0.23% Jan… Read More »Wall Street rises as chipmakers lead tech shares higher
Jan 23 (Reuters) – Microsoft Corp (MSFT.O) said on Monday it would invest more in OpenAI, staking its future on the startup and tech behind… Read More »Microsoft to invest more in OpenAI as tech race heats up
DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings,… Read More »Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
Jan 18 (Reuters) – Keen to buttress margins and appease investor concerns at a time of slowing sales growth, big US technology firms are expected… Read More »Big Tech braces for dismal profits, more job cuts
BRUSSELS, Jan 16 (Reuters) – Microsoft ( MSFT.O ) is likely to receive an EU antitrust warning about its $69 billion bid for “Call of… Read More »Microsoft faces EU antitrust warning over Activision deal – sources