Alex Veiga, Ap Business Writer Updated 11:30 am, Monday, April 16, 2018 Photo: Richard Drew, AP Image 1of/1 CaptionClose Image 1 of 1 FILE- In this April 5, 2018, file photo, a statue of George Washington, on the steps Federal Hall, overlooks the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 16. FILE- In this April 5, 2018, file photo, a statue of George Washington, on the steps Federal Hall, overlooks the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 16. Photo: Richard Drew, AP Tech, industrial stocks are big gainers as US indexes rally 1 / 1 Back to Gallery U.S. stocks were broadly higher in afternoon trading Monday, adding to the market's gains last week. Technology companies, health care stocks and banks accounted for much of … [Read more...] about Tech, industrial stocks are big gainers as US indexes rally
By Mike Wuerthele Wednesday, March 28, 2018, 09:36 am PT (12:36 pm ET) Speaking on Wednesday, Apple CEO Tim Cook criticized Facebook for its mishandling and commercialization of consumer data, and again concedes that the time may be past for self-regulation of how companies handle personal information. "I think the best regulation is no regulation, is self-regulation," Cook said in answer to a question posed about Facebook. "However, I think we're beyond that here." Cook said that it would not only been better for Facebook, but for the tech industry as a whole had Facebook controlled use of data "patched together from several sources." He also made a point of mentioning that Apple doesn't consider consumer data a source of income. "The truth is, we could make a ton of money if we monetized our customer —if our customer was our product." said Cook. "We've elected not to do that." Cook refused a detailed answer on how he would deal with the problem if he was FaceBook CEO Mark … [Read more...] about Tim Cook: Facebook’s Cambridge Analytica consumer data debacle forces tech industry beyond self-regulation
The past year in technology was pretty wild. The really big Internet IPO returned and the massive venture capital funding bubble inflated, which seems difficult considering that the venture capital industry is far smaller than it was three years ago. But look at some of the crazy valuations on revenue-less photo-sharing startups like Color and Path. And there is clearly another bubble inflating in the cloud computing sector, with every company that uses a distributed architecture now calling itself a “cloud company.” So what does 2012 have in store? Here are my predictions. It’s already happening in fact, as growth of social media usage has begun to slow for upstarts such as FourSquare and stalwarts such as Facebook alike. Silicon Valley has been obsessed with social media, and investors have funded hundreds of “me too” startups to the tune of billions of dollars. There are social networks for pet owners, all manner of marginal Twitter apps, a ridiculous … [Read more...] about Five tech industry predictions for 2012
The tech industry can seem pretty appealing to job seekers. Job growth in tech is consistently stronger than in other sectors, and startups are a key engine of job growth in the United States. From the outside it all looks pretty appealing — daring, boundary-pushing entrepreneurs wearing hoodies as they raise millions from venture capitalists, cushy jobs at Facebook and Google with high salaries, unlimited snacks, and on-premises laundry. What’s not to like? InternMatch, which connects intern candidates with employers, created this infographic on how to break into the tech industry. It drew data from a number of sources regarding the fastest growing careers and companies, the best cities for startups, in-demand skills, and tips for getting your foot in the door. … [Read more...] about How to break into the tech industry (infographic)
By Colin Daileda2014-01-01 18:30:39 UTC With the departure of New York City Mayor Michael Bloomberg, the city's tech industry loses its most powerful public persona. Replacing him is Bill de Blasio, the former city public advocate who campaigned with a platform that appealed to the everyman, and someone Silicon Alley has greeted with cautious optimism. The new mayor has a robust tech sector plan on paper—one with a big focus on building more of a pipeline between local universities and startup jobs—and he's become something of a crusader for broadband throughout the big apple. But unlike his predecessor, he is unlikely to put the growth of New York City's tech scene at the top of his priority list. He's also expressed some concern over how to regulate companies such as Uber, the taxi-finding app, that disrupt traditional businesses in the city, and he seems unlikely to fill the role of chief digital officer, a position Bloomberg created partly to liaison between Silicon … [Read more...] about How Will New York City’s Tech Industry Fare Under Mayor de Blasio?