big tech

While Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) — reporting after the closing bell Tuesday — Meta Platforms Inc (NASADQ: META), and Netflix Inc (NASDAQ: NFLX) do not generate significant amounts of revenue from China, Microsoft Corporation (NASDAQ: MSFT) — also reporting...

Most big techs are now trading below their June lows, dragged by macro concerns, which have not spared the broader market either. Techs have led the market sell-off once again and this is evident from their relative underperformance versus the broader market. The Technology Select Sector SPDR Fund...

Apple Inc (NASDAQ: AAPL) is reportedly looking to double its advertising workforce after the company’s sweeping privacy changes decimated its rivals’ revenues. What Happened: The iPhone maker is looking to add 216 more positions in this category to its team of 250 employees who work on...

Australian regulator has demanded Meta Platforms Inc (NASDAQ: META), Apple Inc (NASDAQ: AAPL), Snap Inc (NYSE: SNAP), and Microsoft Corp (NASDAQ: MSFT)  share their strategies for stamping out child abuse material on their platforms. What Happened: Australia's independent regulator for...

Amazon, Inc. (NASDAQ: AMZN) is reportedly planning to shut down its primary healthcare service unit by the end of 2022. The reports come on the heels of the e-commerce giant agreeing to buy 1Life Healthcare, Inc. (NASDAQ: ONEM), which operates a chain of primary healthcare clinics under the brand...

Amazon.com, Inc (NASDAQ: AMZN) is shutting down its primary healthcare service at the end of 2022. What Happened: Neil Lindsay, Amazon Health Services senior vice president, said the decision to shutter Amazon Care “wasn’t made lightly and only became clear after many months of careful...

As Vietnam tightens its cybersecurity rules, the government has asked tech companies to set up local offices and store users' data locally. What Happened: The new rules, issued in a decree on Wednesday, will take effect from Oct. 1 and require tech giants like Alphabet Inc.'s (NASDAQ: GOOGL...

After a record-setting heatwave in the Chinese lithium hub Sichuan province, authorities are rationing electricity supply to factories until Saturday, forcing major production giants to either halt production or "make adjustments." Chinese state media reported that due to the heatwave,...

Apple, Inc. (NASDAQ: AAPL) shares are trading flat in the premarket session early Wednesday, despite receiving a positive analyst action. The Apple Analyst: Credit Suisse analyst Shannon Cross, who recently joined the Swiss-based investment bank, upgraded Apple shares from Neutral...

Apple Inc's (NASDAQ: AAPL) Chinese suppliers Luxshare Precision Industry and Foxconn have started test production of Apple Watches in Vietnam, according to Nikkei Asia. What Happened: As Apple looks to diversify its production away from China, the report citing sources familiar with the matter...

Apple, Inc. (NASDAQ: AAPL), which was rumored to be slowing hiring, has reportedly laid off recruiter contractors in the past week. Apple Wields The Axe: In a rare move, Apple let go of 100 recruiters spread across its offices, including those in Texas and Singapore, Bloomberg’s Mark Gurman...

Australia's competition watchdog said the country's federal court ordered Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google on Friday to pay AU$60 million ($42.7 million) in penalties for misleading users.  The court found that the company misled users about collecting their...

Alibaba Group Holding Limited (NASDAQ: BABA) shares are advancing strongly in premarket trading on Tuesday. Shares of the Chinese e-commerce giant are getting a boost from twin developments. The company said Tuesday it plans to apply for a primary listing in Hong Kong. The stock already has a...

China has fined ride-hailing app DiDi Global Inc – ADR (OTC: DIDIY) $1.2 billion for violating its data security law, cyber security law and personal information protection law. The decision has brought to conclusion a year-long investigation into the firm. Regulators have also fined Didi...

After Indonesian Ministry records showed that Twitter Inc (NYSE: TWTR) was missing from the list of foreign providers who signed up for the new rules — the company said in a statement to Benzinga it had taken "appropriate steps" to comply with the laws of the land. What Happened:...