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US tech shares resume sell-off while oil prices retreat

US tech shares resume sell-off while oil prices retreat Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions. Oil prices retreated, with Brent crude briefly dipping below US$90 per barrel for the first time since Apr 14, after US President Donald Trump hinted at a deal with Iran in the coming days, despite renewed strikes by Israel on Hezbollah targets in Lebanon....

Channel News Asia 19h ago

BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe

BNP Sees US Tech IPOs Fueling Appetite for Deals in Europe Mega IPOs by some of the largest privately held tech companies are likely to fuel appetite for stock sales in Europe’s tech industry as well, according to a top BNP Paribas SA investment banker. Elon Musk’s Space Exploration Technologies Corp., ChatGPT creator OpenAI and rival Anthropic PBC have all filed to go public in the US, creating a pipeline of sales worth some $3.6 trillion. The sheer size of the offerings and the excitement...

Bloomberg Technology 6h ago

Analysis:US tech stocks' market dominance reaches new heights and presents new risks

Analysis:US tech stocks' market dominance reaches new heights and presents new risks NEW YORK, June 3 : The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group - and more vulnerable should those market leaders trip up. With stunning gains over the past two months, the S&P 500 technology sector now accounts for more than 39 per cent of the market capitalization of the overall benchmark index, its highest on record and above the level it reached...

Channel News Asia 7d ago

The UK Is Betting on a Billion-Dollar AI Supercomputer to Kick Its Addiction to US Tech

The UK government has laid out a $1.47 billion plan to shake its dependence on foreign-made artificial intelligence hardware. Under the measures, announced Monday, the UK will spend more than $1 billion on a national AI supercomputer. It will be stocked with $530 million worth of hardware, including $200 million that will go toward specialist inference chips for processing AI tasks.

Wired 1d ago

US Tech Workers Are Paying the Price of the AI Boom

Commuters in Moynihan Train Hall at Penn Station in New York, US, on Tuesday, May 19, 2026. New York City's transit system and Long Island Rail Road workers reached a potential labor agreement, ending a historic strike that suspended service on the largest commuter line in the US. Photographer: Michael Nagle/Bloomberg

Bloomberg Technology 2d ago

US Tech Sector Announces Most Job Cuts in Nearly Two Years

Jobseekers at a job fair in Fletcher, North Carolina. Allison Joyce/Bloomberg

Bloomberg Technology 6d ago

Europe is ditching US tech — what does this mean for researchers?

Nature, Published online: 05 June 2026; doi:10.1038/d41586-026-01610-9European governments are choosing European digital tools — and some universities and researchers are doing the same.

Nature 5d ago

4 ways Europe wants to wean off US tech

BRUSSELS — The European Union wants to move away from foreign technology over concerns that overreliance has become a risk in shaky trade ties with Washington. The European Commission is finalizing a package of measures to boost its so-called technological sovereignty, set to be published on June 3. The package includes proposals to crack down on the bloc’s deep-rooted exposure to foreign technology in areas including cloud, artificial intelligence, microchips, software and data centers.

Politico EU 7d ago

Warning over US tech firm's 'unacceptable' role in Britain

FILE PHOTO: Logo of U.S. software company Palantir Technologies is seen in Davos

Sky News 7d ago