Morningstar

Tech Down on Fed Fears - Tech Roundup

Provided by Dow Jones

Shares of technology companies tumbled as a spike in oil futures diminished chances of a Federal Reserve rate cut, causing a flight from risky sectors.

Investors are concerned that financing for high-risk data-center development could become more expensive if rates remain elevated.

Ziff Davis, a diversified Internet and digital media firm, struck a deal to sell its connectivity division to consulting fir Accenture for $1.2 billion in cash.

Activist investor Elliott Investment Management has injected $1 billion into Pinterest, which the company will use to repurchase shares.

Payment-technology firm Klarna is making its flexible payment options available via some AI shopping agents as more shoppers turn to AI to make purchases.

Facebook owner Meta Platforms is creating a new applied AI engineering organization in its Reality Labs division to help bolster the company's superintelligence efforts, according to an internal memo that was viewed by The Wall Street Journal. 




  Write to Rob Curran at rob.curran@dowjones.com 



  (END) Dow Jones Newswires



  March 03, 2026 17:25 ET (22:25 GMT)


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