Meta plans to cut thousands of jobs as soon as this week Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News... Updated 07 Mar, 2023 09:10pm
Markets Wall Street tumbles as rising yields pressure growth stocks NEW YORK: Wall Street’s main stock indexes fell on Tuesday, dragged down by megacap names, after data showing a... Published 22 Feb, 2023 03:30am
Technology Baidu to finish testing ChatGPT-style project ‘Ernie Bot’ in March BEIJING: China’s Baidu Inc said on Tuesday it would complete internal testing of a ChatGPT-style project called... Published 07 Feb, 2023 10:36am
Technology China’s Baidu to launch ChatGPT-style bot in March BEIJING: Chinese internet search major Baidu Inc is planning to launch an artificial intelligence (AI) chatbot... Published 30 Jan, 2023 09:16am
Technology Microsoft cloud outage hits users around the world Microsoft Corp said on Wednesday it had recovered all of its cloud services after a networking outage took down its... Published 25 Jan, 2023 10:02pm
World Microsoft to invest more in OpenAI as tech race heats up Microsoft Corp said on Monday it would invest more in OpenAI, staking its future on the startup and tech behind the... Published 23 Jan, 2023 08:31pm
Technology Google parent to lay off 12,000 workers in latest blow to tech sector Google’s parent Alphabet Inc is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in... Updated 20 Jan, 2023 04:11pm
Markets Wall St subdued as signs of tight labour market fuel rate hike concerns New YORK: Wall Street’s main indexes were subdued on Wednesday as data showed US job openings fell less than... Published 05 Jan, 2023 05:58am
Markets Wall St rises on boost from growth stocks NEW YORK: Wall Street’s main indexes rose on Wednesday, boosted by a rebound in growth stocks as US Treasury ... Published 29 Dec, 2022 05:59am
Markets Growth stocks boost Wall Street ahead of Fed minutes NEW YORK: Wall Street’s main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data... Published 24 Nov, 2022 04:28am
Markets Wall St shoots up as cooling inflation spurs hopes of smaller rate hikes The tech-heavy Nasdaq led a rally on Wall Street's main indexes on Thursday as signs of cooling consumer prices in... Published 10 Nov, 2022 11:35pm
Life & Style Paul Allen’s art collection tops $1bn at Christie’s NEW YORK: Paintings and sculptures from the collection of late Microsoft co-founder Paul Allen were auctioned off... Published 10 Nov, 2022 11:52am
Business & Finance Meta to cut more than 11,000 jobs in one of the biggest layoffs this year Meta Platforms Inc said on Wednesday it will let go of 13% of its workforce, or more than 11,000 employees, in one... Updated 09 Nov, 2022 06:10pm
Markets Nasdaq rises as battered growth stocks show recovery signs NEW YORK: The Nasdaq index moved higher in early session on Monday as beaten-down growth stocks tried to stage a... Published 27 Sep, 2022 04:06am
Markets Wall Street in the red as Fed worries persist NEW YORK: Wall Street’s main indexes slipped on Tuesday as a stronger-than-expected reading on the US services... Published 07 Sep, 2022 04:13am
Markets Wall Street extends recent gains, led by megacaps NEW YORK: U.S. stocks were higher in afternoon trading on Monday, adding to recent strong gains, with megacap growth... Published 16 Aug, 2022 12:21am
Markets Dow rises at start of big earnings week, Big Tech pulls Nasdaq lower NEW YORK: The Dow rose on Monday as investors braced for a Federal Reserve meeting during the week and earnings from... Published 26 Jul, 2022 04:31am
Markets Nasdaq boosted by growth stocks after Netflix’s upbeat forecast NEW YORK: The Nasdaq gained nearly 2% on Wednesday after a positive forecast from Netflix added to largely upbeat... Published 21 Jul, 2022 05:40am
Business & Finance Netflix names Microsoft as partner for ad-supported subscription plan Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned... Published 14 Jul, 2022 01:03am
Markets Wall St slides as strong jobs data fuels rate hike worries NEW YORK: Wall Street’s main indexes slipped on Friday after stronger-than-expected jobs data fueled expectations... Published 09 Jul, 2022 03:57am
Markets Wall Street sinks as recession fears ripple through markets NEW YORK: US stock indexes tumbled on Thursday, with high-profile tech shares leading the rout, after the Federal... Published 17 Jun, 2022 06:37am
Markets Growth stocks lift Wall St ahead of Fed’s big rate decision NEW YORK: Wall Street’s main indexes rose on gains in beaten-down growth and financial stocks on Wednesday even as... Published 16 Jun, 2022 06:03am
Markets Wall Street falls as Amazon, chipmakers weigh NEW YORK: US stock indexes fell on Wednesday as Amazon.com declined and chipmakers came under pressure after a... Published 09 Jun, 2022 06:18am
Business & Finance Microsoft warns of forex hit, cuts forecast NEW YORK: Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US... Published 03 Jun, 2022 08:22am
Markets Microsoft warns of forex hit, cuts forecast Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest U.S. company... Published 02 Jun, 2022 09:10pm
Markets Chipmaker Broadcom to buy cloud services firm VMware in $61bn deal Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and-stock... Published 26 May, 2022 05:41pm
Markets Wall Street climbs on gains in banks, strong retail sales data NEW YORK: US stocks rose on Tuesday, as Citigroup led a surge in bank shares after Berkshire Hathaway revealed a big... Published 18 May, 2022 05:54am
Markets Wall Street rallies as growth stocks rebound; Twitter slides NEW YORK: Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week marred by worries about ... Published 14 May, 2022 04:05am
Markets Growth stocks drag Wall Street lower on rate hike worries NEW YORK: Wall Street’s main indexes fell on Thursday, with growth stocks leading declines for a second straight... Published 13 May, 2022 05:59am
Markets Wall St slips in choppy trading ahead of inflation data NEW YORK: Wall Street’s main indexes fell in volatile trading on Tuesday dragged down by banks and some megacap... Published 11 May, 2022 04:58am