US tech stocks tumbled in after-hours trading after some of the industry’s biggest companies reported disappointing results, undermining wagers that this year’s $5.5 trillion selloff had reached bottom.
Apple Inc shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks.
The great tech selloff of 2022 is far from over as investors brace for earnings misses that may spur a more than 10% plunge in the Nasdaq 100.
This is one of the biggest weeks of the year for technology company earnings, to the point that the Federal Reserve’s interest-rate decision Wednesday could be something of an afterthought.
Zoom Video Communications Inc.’s results showed that its transition from an essential Covid-era tool to an enterprise business platform is going to take longer than expected.
Head of Human Capital at one of SA’s largest tech companies unpacks how scarce skills can be addressed through the right culture, leadership, and talent strategies
Earnings reports from the biggest technology companies show that the group is navigating the tough economic environment better than smaller rivals, fueling a rebound in stock prices and encouraging investors about the outlook for the second half.
Alphabet Inc, Microsoft Corp and Texas Instruments Inc posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months, reassuring investors who had been fretting that the technology industry was poised for a dour...
Microsoft Corp is eliminating many open jobs, including in its Azure cloud business and its security software unit, as the economy continues to weaken.
A recent poll conducted by BusinessTech shows that driving into the office is becoming increasingly unaffordable for many of South Africa's workers.
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