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...Par Technology, which provide professional services software, is among the most shorted stocks, with 21 per cent of its shares on loan, according to S&P Global Market Intelligence....
...Shares in the company rose 2.3 per cent to $193.97 on the final trading session for June, while the tech-focused Nasdaq Composite index gained 1.4 per cent to notch for its best start to a calendar year...
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...Brooke Masters and Harriet Agnew report on asset managers pouring money into tech platforms, in a bid to emulate the success of BlackRock’s software as a service....
...The tech-heavy Nasdaq Composite index has fallen 4 per cent since the start of January, with newly listed companies particularly badly hit....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...Lynch loses Autonomy fraud caseMike Lynch, the billionaire founder of software maker Autonomy, has lost a fraud case brought by Hewlett Packard Enterprise....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...The Nasdaq Composite rallied back from early losses on Friday, rising 0.3 per cent and finishing the week 2.7 per cent higher....
...Players of Fortnite, developed by Epic, were able to purchase an in-game currency known as “V-bucks” online, but these credits would not show up when playing on the iPhone....
...Autocab, which struck the deal with Uber in August last year, provides taxi operators with booking and dispatch software and connects drivers with trips via an online marketplace. 3....
...The details: Tuesday: Software giant Microsoft and chipmaker AMD report....
...The latter is based on the open-source Risc-V architecture....
...(FT) Earnings Enterprise software company Oracle reports earnings today....
...The shares have risen 25 per cent since the listing, compared with a 60 per cent increase in the tech-heavy Nasdaq Composite and a 34 per cent rise in the S&P 500....
...The Elon Musk-led company is the sixth-largest component of the Nasdaq Composite index and the only large company in the tech industry benchmark that is not a member of the wider S&P 500....
...WFH closed 1.4 per cent higher on its first day trading on NYSE’s all-electronic Arca market, better than the 1.1 per cent rise of the tech-heavy Nasdaq Composite....
...The technology-heavy Nasdaq Composite slid 0.9 per cent, while the FTSE All-World index dropped 1 per cent....
...Having said this, we expect that the bank will get a boost of c.50bps to its CET1 ratio from a revision in the rules on software intangibles....
...“The spread of RISC-V in China could be the gateway to global adoption,” said Shumpei Kawasaki, chief executive of foundation member Software Hardware Consulting, a chip design concern with Japanese, American...
...Five of them were profiled in the 20-page letter, including a software development engineer identified as D.O. in the brief, who came to the US from Mexico at age eight....
...Next year Hatsune Miku, a 16-year-old virtual pop star — or, more precisely, a piece of voice synthesising software developed by Crypton Future Media — will go on a global tour, appearing to her fans as...
...The company said it sold 7.3m copies of Battlefield V during the fiscal third period, about 1m fewer than hoped....
...Their exposure to the Software and Services sector is also around 20ppt higher....
...The in-house team at Siemens Canada had long been interested in whether legal software could speed up their work without compromising quality....
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