Tech Giant's Billion

Tech stock sell-off wipes out Wall Street’s October gains

Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early September

World - Financial Times - Yesterday

Stock market suffers a Halloween selloff as tech investors get the chills

A confluence of frightful factors sank stocks on the final day of October.

Business - MarketWatch - Yesterday

Big Tech Sees AI Bets Starting to Pay Off

Microsoft, Google and Amazon all reported strong quarterly growth in cloud revenue but warned of increased capital spending.

Business - The Wall Street Journal - Yesterday

Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Business - Financial Times - 18 hours ago

Security Tech Company Evolv Fires CEO Peter George

The chief executive was fired by the company board, not long after news of an internal investigation into its sales figures.

Business - Inc. - 16 hours ago

I'm a tech founder who's had to flee Lebanon. The conflict has spiraled at a terrifying rate, but the tech community is still pressing ahead.

World - Yahoo News - October 14

Steve and Connie Ballmer on Ballmer Group

In a 60 Minutes interview, former Microsoft CEO and LA Clippers owner Steve Ballmer and his wife Connie share their vision for philanthropy and address whether they'd ever be in the market for ...

OpenAI’s Journey to $157 Billion Chronicled in Documents

OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.

Business - Inc. - October 13

Senegal Plans to Invest About $30.5 Billion In Development

World - Yahoo News - October 14

Singapore to Halt $1.7 Billion Allianz Deal

The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.

Business - The Wall Street Journal - October 14

A $23 Billion Pension Vote Is Overshadowing Uruguay Election

World - Yahoo News - October 16

China to pump billions into ailing housing market

World - Yahoo News - October 17

Damage Estimates for Helene and Milton Pass $100 Billion

Each hurricane is likely to be a $50 billion disaster, joining the ranks of the most costly U.S. storms.

Business - Inc. - October 17

Biden Cancels Another $4.5 Billion in Student Debt

The executive decision will help 60,000 borrowers, bringing the total number of public service workers getting loan forgiveness to more than 1 million.