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Technology

Reuters | Equities.com |

Facebook has told Ireland’s High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper.

The U.S. social media giant last week said that the Irish Data Protection Commission, its lead EU regulator, had made a preliminary decision that the mechanism it uses to transfer data from the EU to the United States ...


AP News | Equities.com |

Adam Schiff was in the audience at the 2018 Aspen Security Forum when a Microsoft executive mentioned an attempted hacking of three politicians up for reelection. It was the first that Schiff, then the top Democrat on the House Intelligence Committee, had ever heard of it.

Schiff said he thought it was “odd” that Congress hadn’t been briefed. He got in touch with high-ranking officials in the intelligence agencies, and they ...


AP News | Equities.com |

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly loss.

The S&P 500 fell 1.1%, led once again by a sell-off in technology companies, with Apple, Amazon and Alphabet weighing particularly on the market. Technology stocks and other companies that powered the market’s strong comeback this year have suddenly lost momentum this month amid worries that they have become too expensive.

The sell-off tempered later in the afternoon but still wiped out what had been a solid start to the week. The S&P 500 is on track for its first monthly loss since March. September is historically the worst month for stocks.


AP News | Equities.com |

Another slide in technology companies helped pull stocks lower on Wall Street Thursday, extending losses from the day before.

The S&P 500 lost 0.8% after having been down 1.7% earlier. The selling was widespread, with eight of the 11 sectors that make up the benchmark index ending the day lower. The sectors that include Amazon, Facebook and Apple took the heaviest losses.

The selling came a day after the Federal Reserve said it will keep interest rates at nearly zero for years to support the wheezing economy. The statement failed to encourage Wall Street and the S&P 500 recorded its first loss in four days Wednesday.


AP News | Equities.com |

Stocks overcame a late-afternoon burst of selling and closed higher Tuesday, as gains in big technology companies outweighed losses in banks and elsewhere in the market.

The S&P 500 rose 0.5% after being up 1.1% earlier. It’s the second straight sizable gains for the benchmark index following its worst week since June.

High-flying technology stocks, which have been driving the market higher throughout the pandemic, abruptly lost altitude earlier this month amid worries that their prices had simply climbed too high, even after taking into account their tremendous growth.


Reuters | Equities.com |

Apple Inc rolled out a new virtual fitness service and a bundle of all its subscriptions, Apple One, focusing a holiday-season product launch on services that are the backbone of Apple’s growth strategy and cater to customers working at home during the COVID-19 pandemic.

Apple also introduced a new Apple Watch Seri...


Wendy Glavin — Glavin's Tech Talk | Equities.com |

How often do you receive spam calls? Do you worry that your smart devices and cell phones are listening to your conversations? Is your inbox inundated with ads? Are you concerned about the use of facial recognition technology and geolocation targeting?

While many agree that our personal data shouldn’t be used to track our activities or sold to advertisers without our knowledge, people feel data privacy is too scary to think about, too complex or just too overwhelming that there’s no...


Reuters | Equities.com |

Israel's Tactile Mobility said on Tuesday its software will be embedded into the BMW Group’s next-generation vehicles beginning in 2021.

The collaboration will equip BMW vehicles with the ability to analyze the road surface attributes under their tires, enabling detection of road conditions.

Tactile Mobility develops software that uses a vehicle’s non-visual sensors, including wheel speed, wheel angle, RPM and gear position to help smart and autono...


AP News | Equities.com |

Wall Street kicked off the week with a broad rally Monday, clawing back much of the stock market’s losses from last week.

The S&P 500 rose 1.3%, led by gains in technology, health care and financial stocks. Small company stocks were among the biggest gainers. The rally reversed a big slice of the index’s 2.5% slide last week, when the S&P 500 posted its biggest weekly decline since June. Treasury yields were mostly higher.

The market’s strong start to the week is a reversal after a mostly downward shift in the market this month led by a sell-off in high-flying tech stocks that many analysts said was long overdue.


Reuters | Equities.com |

Alphabet Inc's Google aims to power its data centers and offices 24-7 using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy.

The “stretch goal,” as CEO Sundar Pichai described it, will force Google to move beyond the tech industry norm of offsetting carbon emissions from electricity use and require technological...