Wall Street is on a record run as strong earnings from Amazon, Apple, and Nvidia lift investor sentiment. Amazon’s cloud growth, Apple’s upbeat forecast, and Nvidia’s new AI deals have fueled a major rally even as global markets cool off. Here’s why big tech profits are driving Wall Street’s momentum and what it means for investors worldwide.


Big tech earnings power wall street rally

The increasing investment in infrastructure is reinforcing the dominance of a few large players in the tech industry. While these companies are amassing unprecedented amounts of capital, they are also creating deeper and wider moats around their businesses.

Silicon Valley’s bold new bet: Massive investment in physical infrastructure to power AI

A US-based company has come under fire for its “sexist” display of hostess lampshade outfits at an event recently. The online outrage started when somebody shared a picture from the event, showing two women posing with company-branded lampshades on their heads.

Online outrage over 'sexist' hostess lampshade outfits, Indian-origin CEO responds

Some of the world's biggest tech companies pledged to work together to guard against the dangers of artificial intelligence as they wrapped up a two-day AI summit, also attended by multiple governments, in Seoul.

World’s biggest tech companies pledge ‘responsible’ development of AI

India's tech industry, a jewel of the nation's economic rise, is flickering with a hidden illness. A recent study by Onsurity, a leading employee healthcare platform, in collaboration with the Knowledge Chamber of Commerce and Industry (KCCI), exposes a troubling reality.

Is Indian tech talent burning out? Here’s what’s wrecking employee health

Do you find yourself disappointed by dating apps, yet find yourself swiping right and left for hours, only to face disappointment? Many of us have found themselves stuck in this loop, and a proposed class-action lawsuit filed on Valentine's Day alleges that dating apps, specifically those owned by Match Group, are to blame.

Swipe right for addiction? Lawsuit claims dating apps Tinder and Hinge designed to keep users swiping

Big tech companies that are paving the way in artificial intelligence (AI) development have united to combat the technology’s misuse as over 50 countries will be heading to the polls this year.

Tech companies pledge to fight deepfakes ahead of elections

Indian technology behemoths are off to a stellar start in the new year, with key players, including Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies, collectively witnessing a surge of $22 billion in market value over the last two trading sessions.

Indian tech giants surge, adding $22 billion to market cap in two-day rally: Report

2024 is going to be a bleak year for job-seekers. A number of tech companies like Amazon, Google & Meta are laying off scores of employees. Molly Gambhir brings you a report.

Gravitas: Tech companies are laying off employees: Here's Why

Kenya's president William Ruto is now trying to move American tech companies promising a business-friendly environment. But quite contrary to his claims abroad he is raising taxes on businesses back home. How do the two ideas align and will the contradictory claims and actions drive tech businesses in Kenya? Let's find out.

Kenya's President promises 'a business-friendly environment'

The White House said on Friday (July 21) that OpenAI and other tech giants in the artificial intelligence race have committed that they would make their technology safer with features like watermarks on fabricated images.

Tech companies promise watermark to differentiate AI creations: White House

The Indian state of Karnataka’s capital city of Bengaluru is infamous for traffic jams that last hours. However, with urban growth and the city becoming the new IT hub of the country, it is now home to offices of several big companies which have created an influx of people from across India and abroad.

‘Work from Road’: Frustrated locals declare new trend in India’s Bengaluru

The online recruitment-offering site LinkedIn on Monday announced it would be terminating the jobs of 716 employees as well as phasing out its China-focused job application.

Microsoft-owned LinkedIn to sack over 700 employees, phase out its Chinese app

Indian tech companies have failed to cheer investors. Data suggests India's top three tech companies cut new hiring significantly this fiscal year.

Indian tech hiring was down by 65% in Jan-March quarter

As the tech sector continues to bleed dry amid a drop in revenue and earnings, Intel on Tuesday announced it was cutting top management pay. The chipmaker said its CEO Pat Gelsinger was receiving a 25 per cent cut to his basic salary to preserve cash and initiate a recovery process.

Intel cuts management pay and fires 340 employees to preserve cash

Google parent Alphabet announced that it is planning to cut roughly 12,000 jobs or 6 per cent of its global workforce worldwide, CEO Sundar Pichai told employees in an e-mail communication amid mass layoffs across major tech companies.

Google parent Alphabet to layoff 12,000 employees

Meta’s stock value plunged 65% year-to-date, the biggest drop among the big five tech companies. Meta share price is around $119, down by over 60% in the last 1-year.

World Business Watch: Meta stock value plunges 65% in 2022; loses $9.4 bn in first 9 months

Tech companies across the world are on a firing spree. Their actions are set to bring hardships for fired employees. How can they deal with the emotional & mental impact of losing a job?

Gravitas: How to handle being unemployed?

In an effort to reduce expenses during tough economic times, Facebook parent company Meta informed its staff on Thursday (Sept 29) that it would be halting hiring.

Meta halts hiring to reduce expenses after recording its first global daily user decrease 

Big tech companies including Twitter, Google and Meta are now under fire for various reasons. Twitter is slammed by its former security Chief Peiter Zatko who testified that Twitter misled users. Google and Meta are also facing intense scrutiny and pressure from different governments.

Tech Talk: Lawmakers pull up big tech firms over unfair business practices

WION, the global news channel from India, was recently blocked by YouTube, in yet another example of Western tech giants' monopoly over information systems. For several months, WION has been the most popular news channel on YouTube, globally.

YouTube blocking WION: High time for Indian tech minds to beat tech giants

The global dominance of tech giants serves as a convenient online chokepoint for authoritarian governments to crack down on dissent or rig elections, critics of Apple and Google said Friday.

Critics warn of Apple, Google 'chokepoint' repression

South Korea has become the first country in the world to ban big tech firms' payment policies, forcing developers to only use their proprietary billing systems. The country has passed the 'Anti-Google law' bill.

World Business Watch: South Korea bans app payment monopolies by Apple, Google in world first

South Korea may ban Google and Apple from requiring software developers to use their payment systems. It will be the first such curbs on the tech companies by a major economy.

World Business Watch: South Korea set to curb Google, Apple commission dominance

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