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Snap CEO Rallies Workers on Ad Business Amid Stock Drop

(Bloomberg) -- Snap Inc. Chief Executive Officer Evan Spiegel is trying to rally employees amid a 48% drop in the stock this year, telling...

Tech Hit in Late Hours as Nvidia Fails to Inspire: Markets Wrap

(Bloomberg) -- Tech got hit in late trading as Nvidia Corp.’s sales forecast disappointed some hoping for more from the chipmaker at the forefront...

Reddit Battles Meta and Google Using Ads Based on Topics — Not Your Data

(Bloomberg) -- Reddit Inc. spent more than a decade known as the internet’s edgy bulletin board, a site where mostly anonymous users could post...

Chipmaker Microchip Hit by Cyberattack, Slowing Operations

(Bloomberg) -- Microchip Technology Inc. said Tuesday that its servers were hit by a cyberattack that has forced the US chipmaker to shut some...

Africa’s Richest City Needs $12 Billion to Fix Infrastructure

(Bloomberg) -- Johannesburg, billed as Africa’s richest city because of its concentration of businesses and millionaires, needs 221 billion rand ($12 billion) to catch...

S&P 500 Futures Drop 1% as Global Chipmakers Slump: Markets Wrap

(Bloomberg) -- Worries that US politicians are taking a harder stance on China and Taiwan sparked a pullback across technology shares, driving S&P 500...

TSMC Sales Surge Past Expectations on AI Infrastructure Boom

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s second-quarter sales grew at their fastest pace since 2022, buoyed by the AI boom that’s fueling data center...

SunPower Shares Slump Amid Financial Misconduct Allegations

(Bloomberg) — SunPower Corp. tumbled the most in seven weeks after the struggling solar company’s accountant quit amid allegations of misconduct by senior executives.Most...

Google planning Made By Google event earlier to avoid clash with iPhone 16 launch in September, report says

Just last week, Google had announced the date for its Made by Google event. The company had shared a teaser titled AI...meet IX at...

Asian Stocks Gain to Shrug Off US Tech Concerns: Markets Wrap

(Bloomberg) -- Asian stocks advanced Tuesday to defy a mixed day on Wall Street as speculation gained that the tech sector rally may be...

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