US stocks pull back as tech giants hit by EU probe

US stocks pull back as tech giants hit by EU probe

Wall Street encountered a slight retreat on Monday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing downturns after witnessing substantial weekly gains previously. The Dow Jones dropped by 162.13 points or 0.41%, settling at 39,313.77. Meanwhile, the S&P 500 and Nasdaq saw declines of 0.31% and 0.27%, ending at 5,218.21 and … Read more

UK children exposed to risks of violent and self-harm content: Report

UK children exposed to risks of violent and self-harm content: Report

NEW DELHI: Children in Britain, as young as primary school age, are coming across violent and self-harm promoting content online, primarily due to internet usage, as per a recent study. This poses a significant challenge for global governments and tech giants like Meta, Google, Snapchat, and TikTok to implement protective measures, especially for minors.Last October, … Read more

Many digital companies oppose tighter norms

Many digital companies oppose tighter norms

NEW DELHI: Several tech giants, which will be impacted by the proposed digital competition law, have opposed ‘ex ante’ regulation or giving powers to the Competition Commission of India to intervene before anti-competitive conduct transpires. The list includes not just global majors, such as, Amazon, Apple, Google, Uber and Meta, but also homegrown players like … Read more

PhonePe takes on Google with launch of Indus Appstore

PhonePe takes on Google with launch of Indus Appstore

MUMBAI: Walmart’s PhonePe is taking on Google with the launch of its own android app store. The firm’s homegrown Indus Appstore is betting on localisation to differentiate itself in the space dominated by tech giants Google and Apple. Indus Appstore will offer app discovery in 12 Indian languages. “This is not about big tech, small … Read more

S&P 500 Hits Record High as Chipmakers Surge: Tech Triumph | International Business News

S&P 500 Hits Record High as Chipmakers Surge: Tech Triumph | International Business News

The S&P 500 soared to a record high close for the first time in two years on Friday, marking the start of a bull market since October 2022. The climb was led by a robust rally in chipmakers and tech giants, reflecting investor optimism around artificial intelligence and robust corporate earnings.Chipmakers lead the charge: Chip … Read more