The Nasdaq Composite Index tumbled 3% on Friday, capping its worst week since the financial crisis. It’s now fallen 22% since its August record.
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Spiralling losses in technology shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major US stock gauge to enter a bear market since 2009.
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.
Loon, spun out of the search giant’s X innovation lab in July, is teaming up with Telkom Kenya to build a network of high-flying balloons to connect people in the East African country
The growth engines of Amazon.com and Alphabet, the world’s largest Internet companies, sputtered last quarter, and after weeks of stock market jitters, investors were in no mood to give them a pass.
Google will start charging smartphone makers that want to install its app store and services for devices sold in Europe, changes it says it must make to comply with a European Union antitrust order.
GitLab, a platform for sharing and collaborating on code, has raised US$100-million to expand its suite of tools as it fights for market share with with Microsoft’s GitHub.
Apple’s new smartwatch is the latest proof: Big Tech is trying to remake health care in its own image.
Amazon.com headed for its biggest gain in four months, pulling within US$26-billion of becoming America’s second trillion-dollar company, after Morgan Stanley said sales growth remains strong.
Apple may not have surpassed US$1-trillion in market value in the wake of this week’s solid results, but it remains the world’s biggest company – for now.