US stocks sink after Big Tech earnings disappoint
Financial Times: 'Magnificent Seven' scepticism as Alphabet and Tesla lead Nasdaq lower.
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CrowdStrike reveals cause of faulty update, firm’s Aussie boss says compensation talk ‘inevitable’
Experts estimate more than US$1 billion in damage.
Alphabet revenue jumps, shows no sign of AI denting search business
Financial Times: Cloud growth is hot as companies race to build large language models.
Google co-founder backs biotech studying psychedelic African shrub
Financial Times: Sergey Brin’s non-profit funds research into using hallucinogen.
'Largest IT outage in history', more calls for Biden to quit | Focus Morning Bulletin July 20, 2024
Yesterday experienced what is being labelled as the 'Largest IT outage in history' Meanwhile one in ten Democrats call for action from US President Joe Biden.
Meta explores stake in Ray-Ban maker EssilorLuxottica
Financial Times: Facebook owner considers boost to smart glasses partnership.
Chip stocks tumble as Trump comments rattle investors
Financial Times: Markets fret over report of tougher semiconductor trade restrictions.
Wall Street gains as investors bet on second Trump term
Gunmaker and prison operator make gains as Trump presidency predicted.
Elon Musk’s X to get final EU warning over dangerous content
Warning shot against X follows start of an investigation by EU’s regulators.
S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
Markets hoping the Fed will finally cut interest rates.
Jeff Bezos to offload $8 billion of Amazon stock
Financial Times: Tech giant’s biggest shareholder offloading huge chunks of Amazon shares.
All eyes are on Nvidia's stock, so what's been going on?
Nvidia shares lost billions in market value, but concerns may be short-lived.
Apple faces EU's new digital competition rules aimed at big tech
App Store dispute: Regulators accuse Apple of breaking new rules on competition.
Life unplugged? 7 days with a burner phone
Are we all addicted to apps? Are they making us feel fried? Emma Gleason gives her top tips on how she navigated the week with a burner phone. Video / Ben Dickens / Jason Dorday
Amazon gets approval to expand drone deliveries in US
Amazon pilots get green light to operate drones remotely.
How Amazon, Microsoft and Google are crushing NZ telcos
And what One NZ’s Jason Paris plans to do about it.
Amazon halts orders of Nvidia ‘superchip’ to await updated model
Financial Times: Delay gives investors jitters over potential ‘air pocket’ in chip demand.
Is there a middle way on children and smartphones? This researcher thinks so
Financial Times: Social psychologist cites alternatives to banning youth from scrolling.
Apple apologises after crushing backlash to iPad advertisement
Financial Times: Campaign depicted instruments and artistic tools being destroyed.
iPhone payment options: Judge grills Apple exec
Court hears if Apple has set up a gauntlet of exasperating hurdles in apps.
Meta unveils less ‘sanctimonious’ AI model as tech rivalry heats up
Financial Times: Facebook parent claims Llama 3 takes step to human-level intelligence.
Why Alibaba will struggle to knock Temu off e-commerce top spot
Financial Times: Alibaba had been the uncontested leader for almost a decade.
Exxon chief earns four times as much as bosses at Shell and BP
Financial Times: The $61.4m packet underlines vast disparity between European and US pay.