News
Tech giants lost over $1 trillion in just three days
According to CNBC, in just the last three trading sessions, the world’s largest technology companies have lost more than $1 trillion.
Stocks sold heavily after the Federal Reserve hiked its benchmark interest rate on Wednesday, but the tech segment has suffered more than other sectors of the economy.
Investors are now less interested in what drove the business during the strong bull market in recent years, including during the pandemic. Now they are funneling more money into safer areas, including staples like Campbell Soup, General Mills and JM Smucker.
Apple, the world’s most valuable public company, has lost $220 billion since the close of trading on Wednesday, when Fed Chairman Jerome Powell said inflation is too high and there are no plans to raise rates by more than half a percentage point.
Markets initially rallied on Powell’s comments, but optimism waned in the following days. Shares fell on Thursday and then continued to fall on Friday and Monday. The US S&P 500 fell below 4,000 on Monday, down 7% since Wednesday’s close, while the Invesco Nasdaq 100 ETF is down nearly 10% over the same period.
Microsoft lost about $189 billion, Tesla lost $199 billion. Amazon’s market capitalization is down $173 billion. Alphabet, the parent company of Google, lost $123 billion. Nvidia lost $85 billion.
Honor from the Huawei ecosystem has introduced the new Honor X8a smartphone, which belongs to the inexpensive price range, to the international market.
Honor X8a is available in three body colors. In the UK, it’s on sale for £220 ($266) for the 6GB RAM, 128GB RAM version. When pre-ordering before February 14, the user receives the Honor Band 6 fitness bracelet for free.
The smartphone is equipped with a 6.7-inch Full HD + (2388 x 1080 pixels) LCD display with a frame rate of 90 Hz, a 16 MP front camera, a main triple camera (100 MP, 5 and 2 MP), MediaTek Helio G88 SoC, battery 4500mAh with 22.5W charging support. There is a side fingerprint scanner.
The Android 12 operating system with the MagicUI 6.1 shell is installed on the smartphone. 4G LTE, Wi-Fi (802.11 a/b/g/n/ac), Bluetooth 5.1, NFC are supported.
Apple has released a software update for the MagSafe Duo charging station.
While Apple frequently releases firmware updates for most of its hardware, this is the first release since the MagSafe Duo officially debuted in 2020.
It’s not yet clear exactly what the firmware update does, as Apple hasn’t provided any release notes, but the latest firmware usually includes performance and security improvements, as well as increased compatibility with other devices.
The charging station will update automatically when it is in use and connected to the mains.
MagSafe Duo lets you charge your iPhone and Apple Watch at the same time and costs $129 in the US.
Many have heard claims that Windows 11 is heavily “spying” on users. As a recent YouTube video on The PC Security Channel shows, Windows 11 does send massive amounts of data to its own and third-party servers.
Worst of all, the OS does this before the user even installs or opens their first app. The author of the channel used the Wireshark application to analyze network activity on two “clean” versions of Windows.
The first was the brand new Windows 11, and the second was the good old Windows XP. A quick analysis revealed that Windows 11 connects to many third-party servers and services, most of which do nothing but track for ads. And it’s worth noting that all of these actions take place on every Windows 11 computer out of the box, without prompting the user and before he tries to use the Internet.
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