Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed...
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues...
Innovation can’t exist without foundational infrastructure networks to support it. Last week, PYMNTS reported that the Global AI Infrastructure Investment Partnership, which is spearheaded by Microsoft, BlackRock and others, is planning to spend up to $100 billion on artificial intelligence (AI) data centers, ensuring that the plumbing...
More than 100,000 Verizon users lost access to mobile services Monday (Sept. 30). The wireless carrier said it was aware of the issue, per a report by NBC News, marking the latest in a series of mass technical outages this year. “We’re aware of a Verizon outage impacting customers...
The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit percentage points. Investor sentiment was buoyed as the the People’s Bank of China announced rate...
Chances are, you are reading this online. PYMNTS, after all, is a digital publication. And with the news Thursday (Sept. 26) that the U.S. Federal Communications Commission (FCC) is unlocking 1300 megahertz of contiguous spectrum for satellite service operations in order to “promote spectrum efficiency,...
On Wednesday (Sept. 25), the first of Meta’s two-day Meta Connect 2024 conference, Meta CEO Mark Zuckerberg unveiled an ambitious vision for the future of wearable technology. The event showcased significant innovations, particularly the highly anticipated Orion augmented reality (AR) glasses, which aim to redefine...
The rate cuts are in — and the CE 100 Index has taken note. This past week, the Federal Reserve cut its benchmark Fed Funds rate by 0.5% — the first such move in four years. And as is always the case when the central...
The U.S. is reportedly readying a ban on Chinese technology in connected and autonomous cars. That prohibition — borne of national security concerns — from the U.S. Commerce Department is expected on Monday (Sept. 23), Reuters reported, citing two sources familiar with the matter. Those...
