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May 24, 2022

Tech

Cryptoverse: Is the end of the bitcoin winter nigh?

Reuters
May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now......

Oh Snap! Social media stocks lose billions after Snapchat parent warning

Reuters
A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged......

Beijing ramps up COVID quarantines, Shanghai residents decry uneven rules

Reuters
Beijing sends 1,800 to quarantine in Hebei – media Vice Premier Sun Chunlan says Beijing curbs cannot ease Shanghai stocks record biggest drop in a month Airbnb latest Western internet firm to exit China BEIJING/SHANGHAI, May 24 (Reuters) – Beijing stepped up quarantine efforts to end its month-old COVID outbreak......

Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

Tech stock rout or temporary blip? Top CEOs weigh in on what’s next for markets

CNBC
CNBC – For more and to sign up click here Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks,......

Palantir, Trafigura aim to track carbon emissions for the oil industry

Reuters
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 24 (Reuters) – Palantir Technologies Inc (PLTR.N) and global commodities trader Trafigura have set......

Dollar bounces as Snapchat sours mood; Aussie, kiwi sink

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, May 24 (Reuters) – The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures......

Asia stocks restrained as U.S. futures retreat

Reuters
Men wearing protective face masks walk under an electronic board showing Japan’s Nikkei share average inside a conference hall, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register Asian stock markets : Nikkei dips as U.S.......

Zoom raises full-year profit view on strong enterprise demand

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Zoom Video Communications Inc (ZM.O) raised its full-year adjusted profit forecast on Monday, betting on......

BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

Majority shareholders vote in favor of delisting Didi from New York

Reuters
A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Chinese ride-hailing giant Didi Global will delist......

U.S. tech giants will benefit from the Ukraine war, ad guru Martin Sorrell says

CNBC
CNBC – For more and to sign up click here Martin Sorrell, founder and chairman of media firm S4 Capital, believes the war in Ukraine has the potential to benefit three of America’s biggest tech firms. “I’m very bullish on the tech giants … because the war will have an......

Philippine tech retailer Upson files for up to $103 mln IPO

Reuters
MANILA, May 23 (Reuters) – Upson International Corp (UIC), the largest retailer of personal computers and information technology products in the Philippines, said on Monday it has filed for an IPO of up to 5.4 billion pesos ($103.81 million). UIC plans to offer up to 986.8 million shares, including an......

Asia stocks weighed by inflation concerns, China tech selling

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG,......

EXCLUSIVE General Atlantic plans $2 billion investment in India, Southeast Asia

Reuters
The logo of the upcoming World Economic Forum 2022 (WEF) is pictured on a window at the congress center, in the Alpine resort of Davos, Switzerland May 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – Global private equity......

India’s top crypto app CoinSwitch calls for regulatory ‘peace, certainty’

Reuters
Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register DAVOS, Switzerland, May 22 (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector,......

Oracle’s Ellison joined Nov 2020 call about contesting Trump’s defeat

Reuters
WASHINGTON, May 20 (Reuters) – Larry Ellison, billionaire chairman and co-founder of Oracle Corp (ORCL.N), participated shortly after the November 2020 U.S. presidential election in a phone call focused on strategies for contesting former President Donald Trump’s defeat, according to an email revealed in a court document. The Nov. 14,......

Tech stocks are mired in their longest weekly losing streak since dot-com bust

CNBC
CNBC – For more and to sign up click here Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest......

Putin promises to bolster Russia’s IT security in face of cyber attacks

Reuters
May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

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