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Tag: Tech

Remote working: Is Big Tech going off work from home?

Remote working: Is Big Tech going off work from home?

Technology
Getty ImagesOn Wednesday last week, Google's Fiona Cicconi wrote to company employees.She announced that Google was bringing forward its timetable of moving people back into the office. As of 1 September, she said, employees wishing to work from home for more than 14 days would have to apply to do so. Employees were also expected to "live within commuting distance" of offices. No cocktails by the beach with a laptop, then. The intention was very clear. Sure, you can do more flexible working than you did before - but most people will still have to come into the office. That thinking seemed to fly in the face of much of what we heard from Silicon Valley executives last year, when they championed the virtues of remote working. For example, Twitter's Jack Dorsey made headlines across the world...
Dow and S&P hit record highs behind tech rally, positive job data

Dow and S&P hit record highs behind tech rally, positive job data

Business
April 5 (UPI) -- U.S. markets hit record highs on Monday amid a continued tech rally and positive job growth data. The Dow Jones Industrial Average climbed 373.98 points, or 1.13%, to a record 33,527.19, while the S&P 500 gained 1.44% to close at a new high of 4,077.91. The Nasdaq Composite also increased 1.67%. Advertisement Google's parent company, Alphabet, helped lead the sustained rise in tech stocks gaining 4.19%, while Facebook increased 3.43%, Microsoft climbed 2.77% and Apple rose 2.36%. Tesla stock also increased 4.43% on Monday while chipmaker intel gained 3.08%. Markets also responded to the Labor Department reporting that the U.S. economy added 916,000 jobs in March, beating many analysts' expectations of about 850,000. Stocks that would benefit from the widespread liftin...
Biden administration threatens tariffs on UK goods in ‘tech tax’ row

Biden administration threatens tariffs on UK goods in ‘tech tax’ row

Business
Getty ImagesThe US has warned it could put tariffs of up to 25% on a host of UK exports in retaliation for a UK tax on tech firms. Ceramics, make-up, overcoats, games consoles and furniture could all be hit, according to a list published by the Biden administration.The duties are designed to raise $ 325m (£235.8m), the amount the US believes the UK will raise from US tech firms. A UK government spokesperson said it wanted to "make sure tech firms pay their fair share of tax". They added: "Should the US proceed to implement these measures, we would consider all options to defend UK interests and industry."Washington is pressing ahead with the action, initiated under President Donald Trump, and has scheduled hearings on the list.It argues the recently introduced digital services tax - which...

Stock futures tick higher as pressure on tech stocks pauses

Finance
Traders on the floor of the New York Stock ExchangeSource: NYSEFutures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session.Dow futures rose 30 points, while contracts tied to the S&P 500 rose less than 0.1%. Futures tied to the Nasdaq 100 also traded just above the flatline.The overnight moves came after a rash of late-day selling in high-growth and technology shares during the regular session.The S&P 500 fell 0.6% after rising as much as 0.8% during the day, while the tech-heavy Nasdaq dropped 2% to close at its session low. Apple, Facebook and Netflix all slid more than 2%, while Tesla fell 4.8%.The Dow Jones Industrial ...
Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Business
March 24 (UPI) -- U.S. markets fell broadly on Wednesday amid a widespread sell-off in tech stocks and the second day of testimony from federal economic leaders. The tech-heavy Nasdaq Composite dropped 2.01%, while the S&P 500 fell 0.55% after having risen as much as 0.8% earlier in the day. The Dow Jones Industrial Average ended the day flat, falling 3.09 points. Advertisement Tech stocks helped to lead the decline on Wednesday as Facebook stock fell 2.92%, Netflix dropped 2.67% and Apple slid 2%. GameStop stock plummeted 33.79% after the company ended a post-earnings conference call on Tuesday as it missed fourth quarter earnings estimates. Airline stocks had rebounded earlier in the day after losses on Tuesday, but ultimately fell flat with United dropping 0.97% and American Airli...