News

Technology Shares Rise, While Other Sectors Gain Momentum

1 Mins read

Shares of technology companies saw modest gains compared to the broader market as investors shifted their focus to sectors like industrials and materials. However, there were a few notable developments in the tech industry.

Tesla Faces Potential Investigation Over Misuse of Funds

Following reports of potential misuse of company funds, Tesla’s shares experienced a decline. The electric-car maker’s board is said to be considering an investigation into the construction of a glass house intended as a residence for CEO Elon Musk at its Austin, Texas headquarters.

Salesforce Announces Price Increase

In a significant move, Salesforce, the business software giant, has announced its first price increase in seven years. Prices across its Sales Cloud, Service Cloud, Marketing Cloud, Industries, and Tableau products are set to rise by 9% starting from August.

Activision Blizzard Receives Favorable Ruling

Activision Blizzard witnessed a rally in its shares after a federal judge ruled in favor of Microsoft’s acquisition of the videogame maker. This decision dealt a blow to the Biden administration’s antitrust efforts.

Amazon.com Prepares for Prime Day

Amazon.com anticipates reaching new heights with this year’s Prime Day – its annual promotional sales event taking place this week.

Matterport Implements Cost-Cutting Measures

In a cost-cutting campaign, spacial data company Matterport plans to reduce its workforce by approximately 30%, which translates to around 170 employees.

For more information, contact Rob Curran.

Related posts
News

Risk mitigation

4 Mins read
Asian economies should cooperate to jointly lower their overreliance on dollar-denominated assets The economic and trade policies implemented by the current administration…
News

Cloud mining revolutionizes the way to increase the value of crypto assets: Ripplecoin Mining allows XRP, BTC, and Solana holders to achieve daily income | Business Upturn

3 Mins read
Weston, Massachusetts, July 16, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to fluctuate, more and more investors are looking for…
News

Republicans declared it 'crypto' week in the House. It's not going as planned

1 Mins read
WASHINGTON (AP) — A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after…

Leave a Reply

Your email address will not be published. Required fields are marked *