Facebook chief operating officer Sheryl Sandberg has come under fire for her handling of company disclosures about Russia’s election influence. CEO Mark Zuckerberg came to her defence on Tuesday.
Author: Agency Staff
Microsoft is faring better than its more celebrated peers as losses pile up for technology stocks.
The finances of Eskom, Transnet and other companies owned by South Africa’s government have deteriorated to such an extent that they now pose a significant risk to the nation’s finances, the auditor-general said.
Foxconn Technology Group, the biggest assembler of Apple iPhones, aims to cut $2.9-billion from expenses in 2019 as it faces “a very difficult and competitive year”, according to an internal company memo.
Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.
President Cyril Ramaphosa may create a super ministry for economic policy as part of an overhaul of the nation’s executive, according to three people familiar with the matter.
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocking confidence in the nascent asset class.
Apple shares dropped close to bear market territory on Monday on concern consumers are no longer clamouring for its cornerstone product, the iPhone.
The slide in cryptocurrencies accelerated on Monday, with bitcoin piercing below the $5 000 mark for the first time since October 2017.
Is the rout ripping through technology stocks just another garden variety correction? In the long sweep of history, yes. But compared only to selloffs since the bull market began, it’s starting to get extreme.