Nvidia warned its second quarter revenue would drop by 19% on weakness in its gaming business, sending the chip designer’s shares tumbling.
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As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.
British International Investment, the UK government’s development finance arm, plans to invest $6-billion over the next five years.
Alphabet, Microsoft and Texas Instruments posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months.
In a world of sputtering growth for technology companies, some investors are gravitating towards Microsoft as the closest thing to a safe bet.
South Africa’s headline consumer inflation quickened more than forecast to 7.4% year on year in June, surging to a 13-year high.
Apple is the latest major technology company to rein in hiring and spending plans over fears about a US recession in the coming months.
Strive Masiyiwa plans to raise as much as $500-million to expand his digital infrastructure and services businesses.
The valuation pullback in recent months is likely to create some excellent buying opportunities in tech, writes Anchor Capital’s James Bennett.