Technology companies drive record $4.7T in global capital raised, but the number deserves a closer look

The Consumer Technology Association, which represents more than 1,200 technology companies, urged Senate leaders to advance the CLARITY Act as digital asset developers face uncertainty over federal oversight. CTA Calls for Swift Senate Action on CLARITY Act The Consumer Technology Association (CTA) urged Senate leadership to advance the CLARITY Act as policymakers continue debating the […]

Bitcoin has fallen to 15th place among global assets by market capitalization. CompaniesMarketCap data placed BTC below several technology companies, Saudi Aramco, and newly listed SpaceX. The ranking came as Bitcoin traded near $63,800 with a market value of about…

A US federal judge has ruled that the Trump administration’s $100,000 fee on new H-1B visa petitions was unlawful, giving technology companies temporary relief from a policy that threatened to raise the cost of hiring foreign skilled workers. The decision removes, at least for now, a major cost burden for employers that use the H-1B program to fill roles in domains including software development, cloud computing, data science, and AI. US District Judge Leo Sorokin in Boston found that the fee functioned as a tax that the administration did not have authority to impose without congressional approval. The ruling came in a lawsuit brought by 20 Democratic state attorneys general challenging the fee. Standard employer costs for H-1B petitions typically range from about $2,000 to $5,000, making the proposed $100,000 payment a sharp increase for companies seeking foreign talent. The ruling is unlikely to end uncertainty for employers, with the Trump administration expected to appeal. But it

A federal judge has blocked President Donald Trump’s order imposing a $100,000 fee on H-1B visa applications. The ruling gives relief to U.S. technology companies that rely on skilled foreign workers. U.S. District Judge Leo T. Sorokin said the charge…

Technology companies announced 38,242 job cuts in the US in May 2026, the highest monthly total for the sector since August 2024, according to research by employment placement company Challenger, Gray & Christmas. So far this year the company has observed 123,653 US technology job cuts, a rise of 66 percent from the same period in 2025. These figures represent the third successive month that there has been an increase in job layoffs across all sectors, the company said. “The labor market is being reshaped by technology in real time. AI is now the leading reason companies give for cutting jobs and the primary industry citing it is technology,” said Andy Challenger, chief revenue office at Challenger, Gray and Christmas.” AI was blamed for 38,579 of the 97,006 job cuts announced across all industries tracked by the company. It accounted for 40% of the cuts observed in May, up from 7% in January. This year has already seen some major layoffs in technology. In March, HPE slashed 2,500 jobs

The chip maker said its profit in its most recent quarter jumped 211 percent from a year ago thanks to extreme demand from other big technology companies.

The post Ackman buys Microsoft as Loeb exits the stock for Alphabet appeared on BitcoinEthereumNews.com. Billionaire investors Bill Ackman and Daniel Loeb made different bets on two of the world’s largest technology companies. Bill Ackman’s hedge fund, Pershing Square Capital Management, built a new position in Microsoft. On the other hand, Daniel Loeb’s Third Point exited the software giant entirely, according to quarterly regulatory filings and public disclosures. The two investors also diverged on Alphabet. Third Point added to the Google parent during the quarter, while Ackman sharply reduced Pershing Square’s position and later exited the remainder. Ackman, Loeb execute opposite trades Ackman wrote on X that Pershing began buying Microsoft shares in February after the stock fell following the company’s fiscal Q2 earnings report. “We began building our position in MSFT in February following a meaningful share price decline after the company reported its fiscal Q2 2026 results,” Ack

The agreements with six technology companies come amid the Defense Department’s dispute with Anthropic.