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Tech Stocks Are Not Out of the Race

Over 2022, the tech sector saw highly high volatility. Taking the brunt of changes in Fed tightening predictions and the outlook for the USD. The Nasdaq and the XLK (SPDR Tech fund), two major tech indexes, are down on the year by 27% and 23%, respectively. As we transition into the first quarter of 2023, […]

Meta Mojo Is Back as Earnings Surprise Powers Big Tech Rally

Meta Platforms Inc shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged […]

The Dark Side of Smart Home Automation

In today’s world, we are constantly looking for ways to make life easier, tasks quicker, and our days more “productive.” And sometimes, we tend to be impressed with the sophisticated look of smart-home automation, forgetting that all that glitters isn’t gold. In fact, a 2019 study, “More than Smart Speakers: Security and Privacy Perceptions of […]

Factbox-Tech Firms, Wall Street Lead Job Cuts in Corporate America

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]

Verizon Forecasts Profit Below Estimates on Slowdown Worries, Shares Fall

Verizon Communications Inc’s annual profit forecast fell short of Wall Street estimates on Tuesday, as it grapples with slowing growth in wireless customer sign-ups compared with last year and makes heavy investments in 5G technology. Shares in the Dow Jones Industrial Average company fell 2.5% to $38.65 in premarket trading. Verizon, whose plans are the […]

Factbox-Tech Firms, Wall Street Lead Job Cuts in Corporate America

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]

The Path of Big Tech and World Domination

As we hear the argument about tech companies taking over the responsibility of governments, our minds technically travel back to the early days of Covid19 pandemic, when everything suddenly became virtual. This downturn had no alternative, which made every sector reliant on technology. Technology has played a dominant role in implementing government systems on a […]