Tag: tech stocks
SAN FRANCISCO (Reuters) – Technology stocks including Facebook, Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities. Facebook fell 4.6 percent, on track for its worst day in nearly a year and eliminating over $20 billion of its market […]
NEW YORK (Reuters) – The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker Boeing, but the benchmark S&P 500 stock index has managed to remain within a stone’s throw of its record high. Apple, Alphabet, Microsoft, Amazon and Facebook, the five largest U.S. technology […]
News highlights for 13 June Sprint offers free unlimited data, takes aim at Verizon NEW YORK (Reuters) – Sprint Corp is offering free unlimited data, talk and text for a year in an aggressive promotion launched on Tuesday, aimed at Verizon customers in an oversaturated U.S. wireless market. Read more… US poised to heighten scrutiny […]
News highlights for 30 March AT&T awarded contract for first responders, years late (Reuters) – The United States on Thursday awarded a contract to AT&T Inc to build a nationwide wireless broadband network to better equip first responders, years after a federal commission recommended setting up such a system following the 9/11 attacks. Read more… […]
It almost seems as if we are at a cross roads. While January was the first month not to sport one IPO (the first month since 2011), telecoms results have been pretty robust. T-Mobile stands out. Profits tripled and they added over two million new customers in the last quarter. Orange also beat their own expectations, […]
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