New York – A broad-based selloff in technology stocks weighed heavily on the Nasdaq Composite on Wednesday, overshadowing gains in other sectors. The broader market also came under downward pressure, with the S&P 500 closing lower. The tech-heavy Nasdaq fell 2.2%, marking a continuation of the recent rotation away from…
A large crowd is seen at Suvarnabhumi Airport in Bangkok, Thailand, on July 19, 2024, due to a global cyber outage triggered by issues with Microsoft and CrowdStrike. Airlines around the world faced significant disruption on Friday, as a major cyber outage caused widespread flight delays and cancellations. The outage…
U.S. stock futures edged higher Sunday night, offering a reprieve from last week’s tech-led selloff. The S&P 500 suffered its steepest weekly decline since April as investors shifted from mega-cap growth stocks to more rate-sensitive sectors. Futures tied to the broader market index rose 0.2%, while those tracking the Dow…
Capgemini, a leader in technology services, predicts that by 2025, AI-powered agents will collaborate to perform tasks within a multi-agent AI framework. Pascal Brier, Capgemini’s chief innovation officer, revealed in an interview with CNBC that the company is already working with companies that are exploring these agent-based technologies. He noted…
A widespread outage caused by a faulty CrowdStrike software update has raised concerns about the potential consequences of rapidly deploying the software. The incident, which disrupted operations at numerous companies and government agencies around the world, underscores the critical importance of rigorous testing and quality assurance processes. Experts believe the…
Having lived in central Paris for six years, I have learned a lot about the ups and downs of being a Parisian. I would go back in a heartbeat. But I also empathize with international visitors who arrive with a romantic vision of perfection, only to face a severe shock,…
A growing wave of congressional Democrats and former national security officials are urging President Joe Biden to step down from the 2024 presidential race. On Friday afternoon, 34 Democratic lawmakers publicly called on Biden to reconsider his candidacy. Biden’s campaign co-chair said the president is considering who would be the…
Stocks fell on Friday as Wall Street braced for the close of a tumultuous week dominated by shifting expectations about the Federal Reserve’s interest rate policies. The S&P 500 and the tech-heavy Nasdaq Composite both fell about 0.3%. Meanwhile, the Dow Jones Industrial Average fell 278 points, or 0.7%, signaling…