U.S. stocks rallied on Friday, closing out the week on an upbeat note, led by strong gains in the tech sector. The S&P 500 (^GSPC) finished Friday up 1.9%, though it still closed the week down 0.7%. The Dow Jones Industrial Average (^DJI) increased 1.0% on Friday. The technology-heavy NasdaqContinue Reading
(Bloomberg) — US technology stocks are about to hit their next hurdle when earnings season for the most influential segment of the S&P 500 Index gets underway in the coming week: vanishing profits. Most Read from Bloomberg The tech-heavy Nasdaq 100 Stock Index enters this crucial stretch amid a darkeningContinue Reading
Clean tech and green energy sectors are on the cusp of a strong multiyear growth run. That’s the opinion of Morgan Stanley’s 5-star analyst Stephen Byrd who notes that political will is likely to support the practical benefits of clean and renewable energy to create a favorable environment for ‘cleanContinue Reading
About 1,600 tech sector workers, on average, have been laid off every day in 2023 so far, per Insider. Europa Press News / Contributor Amazon delivery truck in Spain. The company has conducted layoffs in the last 12 months. The outlet cited data from “Layoffs.fyi,” a layoffs tracking site createdContinue Reading
The driverless tech industry hit a couple of snags this week. First came news in Ford’s (F) Q3 earnings report that the automaker was shutting down its Argo AI autonomous driving joint venture. Ford said it would be taking a $2.7 billion non-cash, pretax impairment on its investment in ArgoContinue Reading
Semiconductor companies, such as NVIDIA Corporation (NVDA), are struggling amid the market downturn, export restrictions, and slowing demand. However, the broader technology market is expected to endure short-term uncertainties and keep growing due to continued digitization. Hence, we think quality technology stocks Cisco (CSCO) and Hackett Group (HCKT) are betterContinue Reading
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before,Continue Reading
Text size Japan has had to intervene to support the sliding yen for the first time since 1998, even as it tries to keep its interest rates low. Akio Kon/Bloomberg The world has been hooked on cheap money for years. Now we’re witnessing what withdrawal looks like. Lifting interest ratesContinue Reading
Transcript Along with its fresh rebrand and new environmentally sustainable headquarters, Baiduri Bank has released a new brand promise: ‘Co-creating your future.’ And that doesn’t just mean for its retail customers, where Baiduri is innovating through its branch network and mobile devices; or for its business clients, where the bankContinue Reading
The ever-evolving digitization of industry marches on at a relentless pace, and the franchising sector has become an eager participant. Whether you’re a franchisor or a franchisee, custom software solutions and platforms have become an integral part of the systems and processes landscape. From franchisors who use custom CRM platformsContinue Reading