Topline The Trump-inspired stock market rally dried up further as investors heeded concerns about more hawkish monetary policy, causing a major selloff in big technology stocks as indexes head to a losing week, though equities remain positive… Article Source https://www.forbes.com/sites/dereksaul/2024/11/15/big-tech-stocks-suffer-500-billion-selloff-as-dangerously-bullish-rally-loses-steam/
Cisco suffer data breach from DevHub environment Techerati Article Source https://www.techerati.com/news-hub/cisco-suffer-data-breach-from-devhub-environment/
On Sunday, the Chinese-government-backed research institute and think tank CAICT issued a detailed report regarding China’s computational power. The report (via SCMP) warned data centers to keep on using Nvidia-based solutions. The institute… Article Source https://www.tomshardware.com/pc-components/gpus/chinese-think-tank-advises-data-centers-to-stick-with-nvidia-ai-gpus-homegrown-chinese-gpus-suffer-from-high-costs-and-complex-engineering
Liberty Mutual has backed out of settlements following the overturning of a $1.6 billion judgment it was involved in underwriting. The judgment stemmed from a lawsuit between BMC Software and IBM, with Liberty and other insurers covering parts of the policy. The recent appellate decision in favor of IBM has caused repercussions in the industry, … Read more
The stock market is rewarding strong companies this week, with Walmart (WMT) emerging as the top performer. In the latest quarter, Walmart reported earnings of $0.60 per share (non-GAAP) and saw a 21% growth in sales in its global e-commerce unit. The company’s global advertising business also experienced a 24% growth. Walmart’s focus on in-store … Read more