Tech Investment at Big Banks: “Not a Pretty Picture”

Compared to tech giants, the percentage of operating budgets devoted to research and development in technology among big financial institutions are strikingly small, according to an Autonomous NEXT report. The firm estimates that “the leading banks are …Powered...

Technology gains drive Nasdaq composite to an all-time high

Major technology companies including Google’s parent company … The fairly strong inflation report from the Labor Department on Wednesday put more pressure on U.S. financial markets, which were spooked by a surge in annual wage growth in January.Powered by...

Goldman Sachs Doesn’t Think There’s a Bubble in Tech Stocks

How long can tech’s dominance last? The strategists point to history as a guide. Financial firms ruled the market from the 1800s to 1850s, followed by a six-decade reign by transport stocks as the U.S. expanded its railroad system. Once steam and coal …Powered...