Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Google parent Alphabet reclaims spot in $2 trillion valuation club
(Reuters) - Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 bi...
Apr 26, 2024
China's Shein set to face tougher EU online rules
BRUSSELS (Reuters) - The European Union designated Chinese-founded fast-fashion company Shein as a very large online platform (VLOP) after it reported a huge number of users, the EU said in a statemen...
Apr 26, 2024
Intel falls as weak PC chip demand hurts second-quarter forecast
(Reuters) - Intel shares slumped more than 7% premarket on Friday after a downbeat second-quarter sales forecast signaled that the boom in AI technology was diverting enterprise spending away from its...
Apr 26, 2024
Russia's Yandex reports Q1 revenue rise as market awaits spin-off news
MOSCOW (Reuters) - Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market...
Apr 26, 2024
Huawei's smart car tech offers automakers route to China sales
BEIJING (Reuters) - It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developi...
Apr 26, 2024
Thoma Bravo to buy UK's Darktrace for about $5.32 billion
By Paul Sandle LONDON (Reuters) -Private equity firm Thoma Bravo agreed to buy Britain's Darktrace for about $5.32 billion in cash on Friday, saying it would use its software expertise to drive growth...
Apr 26, 2024
Alphabet, Microsoft shares jump as investors cheer AI investment
LONDON (Reuters) - Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its e...
Apr 26, 2024
Explainer-What is so special about TikTok's technology
By Josh Ye HONG KONG (Reuters) - The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the U.S. ordered its Chinese owne...
Apr 26, 2024
Indian IT firm Tech Mahindra's shares jump most in 8 years on turnaround plan
BENGALURU (Reuters) - Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly eight years, after India's No.5 IT company announced a turnaround plan that offered succour fol...
Apr 26, 2024
Snap shares jump nearly 30% after Q1 beat
(Reuters) - Shares in Snap soared nearly 30% in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and user growth. Snap ...
Apr 26, 2024
