Markets Archives - Page 5 of 7

Cisco climbs as demand for networking equipment rebounds

Leave a Comment / Future, Markets, Tech News / May 16, 2024 May 16, 2024

Shares of Cisco Systems surged approximately 4% before the market opened on Thursday following an optimistic fourth-quarter outlook, indicating a continued improvement in demand for networking equipment and the anticipated benefits from its $28 billion acquisition of cybersecurity firm Splunk. As the world’s largest networking equipment manufacturer (CSCO.O), Cisco had faced challenges due to subdued …

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GameStop and AMC Decline as Momentum Fades for Meme Stock Rally

Leave a Comment / Markets, Tech News / May 16, 2024 May 16, 2024

Retail favorites GameStop (GME.N) and AMC (AMC.N) continued their decline in premarket trading on Thursday, as the excitement surrounding the resurgence of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy, fades away. GameStop shares tumbled 14% to $34 after spiking to as high as $64.83 earlier in the week, resulting in $1 …

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Meta under scrutiny in EU investigation for child safety concerns

Leave a Comment / Markets, Tech News / May 16, 2024 May 16, 2024

Meta Platforms, the parent company of social media giants Facebook and Instagram, faces an EU investigation for potential violations of online content regulations pertaining to child safety, EU regulators announced on Thursday. The investigation could result in significant fines. Tech firms are mandated to take stronger actions against illegal and harmful content on their platforms …

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TikTok creators file suit to block US divestment or ban law

Leave a Comment / Markets, Tech Trends / May 15, 2024 May 15, 2024

A coalition of TikTok content creators announced on Tuesday that they have initiated legal proceedings in a U.S. federal court to challenge a law signed by President Joe Biden. This law mandates the divestment of the popular short-form video app, used by over 170 million Americans, or its outright ban. The creators argue that TikTok …

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Amazon Web Services intends to invest $8.4 billion in cloud infrastructure in Germany.

Markets, Tech News / May 15, 2024 May 15, 2024

Amazon (AMZN.O) Web Services (AWS) announced on Wednesday its intention to invest 7.8 billion euros ($8.44 billion) in Germany by 2040, focusing on constructing a cloud computing infrastructure tailored for Europe. Last year, AWS revealed plans to store data on servers situated within the European Union, prioritizing data privacy for governmental bodies and clients in …

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HMD Arrow slated to debut in “just a few weeks” featuring 5G connectivity

Leave a Comment / Latest Gadgets, Markets, Mobile Phones / May 14, 2024 May 14, 2024

HMD is gearing up to introduce its own-branded smartphone in India, dubbed the HMD Arrow. This device will mark a fresh addition to their lineup, boasting 5G connectivity and significantly enhanced specifications compared to the Pulse series, according to insider information. Initial speculation suggested that the Arrow might be a rebranded Pulse model, possibly in …

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Google showcases Gemini’s advanced conversational skills ahead of I/O

Leave a Comment / Latest Gadgets, Markets, Mobile Phones / May 14, 2024 May 14, 2024

“2001: A Space Odyssey” is over 50 years old now, yet its talking AI, HAL 9000, remains iconic. In contrast, real-world talking AIs like Siri, Alexa, and Google Assistant, while useful, often fall short of seeming truly intelligent. However, this is rapidly changing. Google is gearing up for its annual I/O conference (livestream starts at …

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Leaked interview unveils new color for Sony Xperia 1 VI and an overhauled camera app

Leave a Comment / Latest Gadgets, Markets, Mobile Phones / May 14, 2024 May 14, 2024

The Sony Xperia 1 V, which launched last year, was available in an array of colors including Black, White, and Khaki Green. This year, the Sony design team has introduced a more vibrant option. The upcoming Sony Xperia 1 VI will also be available in Red, as shown in the image below. For comparison, we’ve …

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Tencent reports strong revenue growth driven by impressive ad sales and business services performance

Leave a Comment / Markets, Tech News / May 14, 2024 May 14, 2024

China’s Tencent Holdings (0700.HK) reported a 6% increase in first-quarter revenue on Tuesday, surpassing analyst expectations, thanks to strong growth in business services and advertising sales. However, the recovery in its gaming sector, which contributes nearly half of its total profit, remained sluggish, highlighting the challenges the world’s largest video game company faces in revamping …

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Foxconn remains optimistic about AI demand and continues to support Sharp despite the recent writedown.

Markets, Tech News / May 14, 2024 May 14, 2024

“The visibility for this year has improved compared to in March, mainly thanks to strong AI server demand,” company spokesman James Wu told a post-earnings conference call, pointing to a better business outlook but without providing detailed numbers. Foxconn said it expects revenue for the second quarter to grow significantly from a year earlier, broadly …

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