Businessman trading online stock market on teblet screen, digital investment concept getty Savvy contrarians know that when markets crash, the most beaten-up sectors are often the ones that lead the (...
Tag: Tech
Tech stalwarts set to promote a data-driven Kingdom in Saudi Arabia at the World Cloud & Data Center Show
Officially supported by the Saudi Cloud Computing Association, Trescon’s World Cloud & Data Center Show is hosting global front-runners of the cloud and data center industries. An event to commemo...
Miami’s crypto crowd sees silver lining around dark FTX clouds
Armies of developers, VC funders and CEOs descended upon Miami for two separate crypto conferences on Thursday as the shockwaves from FTX’s spectacular collapse continued to reverberate across the ind...
Chinese Tech Giants Struggling [Infographic]
Stock market losses of U.S. tech companies have made headlines recently as the likes of Meta, AmazonAMZN or Alphabet wiped out billions in just a few days at the end of October. But the tech rout is n...
JD Beats, Hong Kong Tech Concludes Strong Week, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week while Hong Kong-listed internet and real estate stocks outperformed. President Biden met with President Xi on the sideli...
Ontario Teachers’ Pension Plan to write down $95 million FTX investment to zero
The Ontario Teachers’ Pension Plan (OTPP), one of the most important pension funds in the world, will write down all of its $95 million investment in FTX and FTX US. The OTPP had invested ...
Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market – Blockchain Bitcoin News
Electronics giant Sony has filed a patent that describes the usage of NFT (non-fungible token) and blockchain technology to track the history of in-game digital assets. The filing describes the usage ...
Asian Stocks Mostly Down as China Tech Sold Off: Markets Wrap
(Bloomberg) — Stocks in Asia are mostly under pressure as a tech-led selloff in Chinese shares intensified. The dollar rose to the level where it began the week. Most Read from Bloomberg The MSC...
Elon Musk will find someone else to run Twitter: WSJ
Billionaire Elon Musk said he will likely find a different executive to run the social media platform he’s owned less than month, according to The Wall Street Journal. “I expect to reduce my ti...
Amazon Is Next In The Onslaught Of Tech Layoffs
Getty Images Key takeaways Amazon plans to lay off around 10,000 employees beginning as soon as this week The online retail giant represents another in a growing chain of tech firms slashing head coun...
Tech Trench Hub Inspired by Leading Universities Launched
Tomiwabold Olajide This hub is intended to provide more in-depth connection with cultural reassurance and lessons learned The SHIB metaverse has made another reveal just 24 hours after revealing the c...
JD Tech Revives IPO Plans as China Eases Regulatory Crackdown
By permitting companies to seek targeted growth, the expectation is that the economy will become more functional and that it may attract other global players to its shores. JD Tech, the technology off...
Istanbul Blockchain Week panelists hopeful on adoption of next-generation blockchain tech
With crypto adoption on the horizon and 20% of Turkey’s population already using cryptocurrency, Istanbul Blockchain Week 2022 panelists expressed optimism regarding the adoption of the next generatio...
Tech leaders reckon with higher interest rates, down rounds and layoffs
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech ...
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA, +0.7...
Crypto Layoffs Represent Just 4% of All Tech Staff Cuts in 2022
There has been a lot of news about crypto layoffs during this bear market. However, they represent a very small percentage of staff cuts in the wider tech sector. In a report released on Nov. 14, Coin...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Amazon set to lay off 10,000 employees as reductions mount: NYT
Amazon is on the verge of cutting 10,000 positions in what would be the company’s largest mass-firing, representing around 3% of corporate and 1% of global employees, The New York Times reported, citi...
Traders Pump Record $658 Million Into Bet Against Tech Stocks
(Bloomberg) — ETF traders just placed a record wager against the big comeback in tech stocks. Most Read from Bloomberg As the Nasdaq 100 Index soared late last week, some $658 million was funnel...
Bitcoin Diverges From Tech Stocks as FTX Fallout Continues
Bitcoin is once again diverging from its correlation with equities as traders react to a disappointing earnings season and the latest news on FTX’s bankruptcy filing. The largest digital currency’s 3...
NFT Tech Announces No Exposure to FTX, Alameda, or FTT Token
VANCOUVER, British Columbia–(BUSINESS WIRE)–NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a leading technology company partnering with top-tier brands to...
China’s Big Tech Becomes Target for Investors Fearing Missing Out
(Bloomberg) — What do you do when China’s fast-moving markets offer investors a taste of the rebound they’ve been longing for? Buy the country’s beaten-down technology stocks. Most Read from Blo...
Is it safe to own tech stocks after the positive CPI print?
It’s not the scariest thing in the world anymore to start selectively returning to the beaten down tech stocks, says Shannon Saccocia – the Chief Investment Officer of SVB Private. Saccocia’s bull cas...
Chinese tech billionaire Richard Liu gives up front office roles and direct ownership at JD, but is he still in control?
One of China’s most prominent tech tycoons is relinquishing direct ownership and executive roles in various entities under the business empire he founded nearly a quarter century ago, triggering...