Tag: Media & Big Tech

Snap Tumbles, Drags Social Media Giants on Apple Privacy Tweak Worries

October 22, 2021
appleBusiness & EconomyCompanieseconomyLocal NewsMarketsmediaMedia & Big TechNew YorkNY NewsprivacyRegional-Local NewsSNAPSocialSocial MediaSouthern CaliforniaTechTech NewsUSUS News
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Shares of Snap Inc. plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc.’s privacy changes on iOS devices. Snap shares were down nearly 20 percent at $60.8 before the bell, on track to open at a near three-month low. Shares of…

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Nasdaq Set for Lower Open After Intel’s Margin Warning

October 22, 2021
Business & EconomyCompaniesEconomieseconomyIntelInvestmentLocal NewslowerMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksUSUS NewsWARNING
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The Nasdaq was set for a lower open on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc. led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple. Intel Corp. slid 9.5 percent in premarket trading as it missed third-quarter sales expectations, while its…

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S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook

October 22, 2021
Business & EconomyCompaniesDowEconomieseconomyFacebookInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsPeaksRegional-Local NewsUSUS News
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The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries. The benchmark index hit an intraday record for the second straight session and was set for weekly gains of 1.8 percent,…

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London Stock Exchange Warns on Supply Chain Shortages

October 22, 2021
Business & EconomychainCompaniesEconomiesInvestmentLondonMarketsMedia & Big TechshortagesstocksupplyUKWorld
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London Stock Exchange Group said it was on track to achieve cost savings from the integration of data platform Refinitiv after a steady third quarter, but warned supply chain shortages could impact the timing of its technology spending. The exchange said pro forma underlying income was 1.78 billion pounds ($2.46 billion) in the three months…

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Equities Eye Third Week of Gains After Tech Boost, Dollar Dips

October 22, 2021
Asia & PacificBoostBusiness & EconomyChinaChina Business & EconomyCompaniesDollarEconomiesequitiesEuropeInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsTechUKUSUS NewsWorld
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LONDON—Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows. MSCI’s broadest gauge of global shares was up 0.1 percent, 1.4 percent higher on the week and just 0.8 percent off its…

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Vodafone Adds 7,000 Software Engineers to Target Digital Services

October 21, 2021
AfricaBusiness & EconomyCompaniesEuropeMedia & Big TechTechTech NewsUKvodafoneWorld
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LONDON—Vodafone said it would add nearly 7,000 software engineers to its workforce by 2025 to develop more of its own digital services across Europe and Africa. The British company said the investment would enable it to build products and services faster and cheaper in technologies including Internet of Things, smart networks, and cyber security. Chief…

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Facebook Is Rebuked by Oversight Board Over Transparency

October 21, 2021
Big TechBusiness & EconomycensorshipFacebookMedia & Big TechPolicySocial MediaTechUSUS NewsZuckerberg
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Facebook’s Oversight Board offered strong words in a quarterly report released Thursday that called out the company for not revealing information about its new XCheck program for VIP users, designed to better protect celebrities, journalists, and human rights activists. The board, developed in the aftermath of the Jan. 6 Capitol protest that led to Facebook’s…

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Futures Lower After Tesla, IBM Quarterly Results

October 21, 2021
Business & EconomyCompaniesEconomieseconomyfuturesIBMInvestmentLocal NewslowerMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsresultsteslaUSUS News
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U.S. stock index futures edged lower on Thursday as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies. Tesla Inc. fell 1 percent in premarket trading as it said on Wednesday its upcoming factories and supply-chain headwinds would…

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Stocks Stall, Oil Cools, Evergrande and Lira Fall

October 21, 2021
AfricaAsia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeevergrandeHK BusinessHong KongInternationalInvestmentliraLocal NewsMarketsMedia & Big TechMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
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LONDON—World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields. Turkey’s lira was backsliding towards record lows with the central bank expected to chop its interest rates again…

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Global ‘Squid Game’ Mania Lifts Netflix Quarter

October 21, 2021
Business & EconomyCompaniesEntertainmentEntertainment NewsMarketsMedia & Big TechNetflixSquid GameUSUS News
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Netflix Inc.’s global sensation “Squid Game” helped lure more new customers than expected, the world’s largest streaming service said on Tuesday as it predicted a packed lineup would further boost signups through the end of the year. After a sharp slowdown in the first half of 2021, Netflix added 4.38 million subscribers from July through…

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