Keywords: Technology sector


Rave files antitrust lawsuit against Apple over App Store removal

Software company Rave has filed an antitrust lawsuit against Apple Inc, accusing the technology giant of removing its video-sharing application from the App Store after launching a competing feature. The case, filed in a U.S. federal court in New Jersey, alleges that Apple engaged in anti-competitive......

US Jobless claims rise slightly as labor market remains stable

New unemployment claims in the United States increased slightly last week but remained lower than economists had expected, suggesting that the American labor market continues to show resilience despite economic uncertainty and layoffs in some industries. According to data released by the U.S. Labor......

Prosus considers selling part of its delivery hero stake

Dutch technology investor Prosus is reportedly exploring the possibility of selling a portion of its stake in the German food delivery company Delivery Hero. According to sources familiar with the matter, the company is considering offloading approximately 10% of its shares to Hong Kong-based investment......

Global tech stocks lose $830 billion amid AI disruption fears

A relentless sell-off in technology stocks showed no signs of easing Wednesday as investors dumped software company shares over growing concerns that artificial intelligence will upend their business models. Sparked by Anthropic's launch of Claude Cowork AI plugins on January 30, the rout has now......

Amazon announces the elimination of nearly 16,000 jobs

U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management......

AI market slide deepens as profitability and infrastructure challenges unsettle investors

Global investors are retreating from artificial intelligence stocks as anxiety mounts over extreme valuations, rising capital costs, and questions about whether massive infrastructure spending will yield sustainable profits. The market correction, which began earlier this month, has intensified across......