Google reached a deal with GSA to lower federal government costs for its products and services, including a temporary 71% discount for Workspace until 2025. It also expanded pricing for its GCP services and added AI features.
European Commission President Ursula von der Leyen warned that Meta, Google, and other U.S. tech giants could face new EU digital advertising tariffs if trade talks with President Trump fail, as the bloc prepares retaliatory measures amid escalating transatlantic tensions.
TikTok has reportedly laid off members of its U.S. e-commerce team amid internal performance issues and growing uncertainty over its future in the U.S., just days after a ByteDance divestment deal collapsed following Trump's steep new tariffs on China.
Benchmark analyst upgrades Western Digital (WDC) to Buy with $55 price target, citing attractive valuation, expected data center growth and AI opportunities.
If the Street can anticipate a resolution to all tariff issues over the next 12-18 months, the analyst notes the most significant opportunity for certain names in his e-commerce coverage group.
The technology sector is preparing for a period of uncertainty and volatility due to recent tariffs and the upcoming earnings season according to Wedbush Analyst, Dan Ives.
Hedge fund titan Bill Ackman's Pershing Square Holdings, a closed-end fund listed on the London Stock Exchange is down 14% year-to-date, owing to tariff-related market volatility. The losses, however, have only been calculated through April 8th, and don't include the massive rally on Wednesday, as reported by Reuters.
In a bid to bolster the coder-to-manager ratio, Microsoft Corp. (NASDAQ: MSFT) is reportedly contemplating another wave of job cuts, primarily targeting middle managers and non-coders.
President Donald Trump indicated a more lenient approach to his trade agenda on Wednesday, leading to a significant rally in the stock market, but portfolio managers and analysts aren't fully convinced.
