• US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

    9 days ago - By Business Insider

    Summary List Placement
    US futures fell on Tuesday morning after stocks tumbled on Monday, with tech firms down again.
    Rising bond yields have caused investors to second-guess the recent equities rally.
    Bitcoin plunged again to around $48,000 after rising past $58,000 the previous week.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    The drop in US technology stocks looked set to resume on Tuesday morning, with Nasdaq 100 and S&P 500 futures sliding, after rising bond yields spooked investors and triggered a sharp sell-off on Monday.
    Meanwhile, bitcoin plunged...
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  • US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

    US tech rout set to continue after rising bond yields drive sharp sell-off, while bitcoin plunges again

    9 days ago - By Business Insider

    US tech stocks tumbled on Wall Street on Monday
    John Minchillo/AP
    US futures fell on Tuesday morning after stocks tumbled on Monday, with tech firms down again. Rising bond yields have caused investors to second-guess the recent equities rally. Bitcoin plunged again to around $48,000 after rising past $58,000 the previous week. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The drop in US technology stocks looked set to resume on Tuesday morning, with Nasdaq 100 and S&P 500 futures sliding, after rising bond yields spooked investors and triggered a sharp sell-off...
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  • From cloud to AI, Wall Street firms plan to pour more of their IT budgets into cutting-edge tech, a survey says. Here's what's driving their focus on innovation

    From cloud to AI, Wall Street firms plan to pour more of their IT budgets into cutting-edge tech, a survey says. Here's what's driving their focus on innovation

    9 days ago - By Business Insider

    Summary List Placement Financial firms are planning on assigning a bigger chunk of their IT budgets towards cutting-edge tech, according to a recent poll by financial services giant Broadridge.
    Artificial intelligence, blockchain, the cloud, and digital services are all set to get a larger share of firms' tech spend. Over the next two years, so-called next-gen technologies will go from 11.8% to 15.7% of financial firms' IT budgets, on average.
    The 33% bump comes as early adopters of the techniques are not just motivated by cutting costs but the ability to spin up new offerings or lines of...
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