Global tech stocks stage tentative recovery after Meta rout

Tech stocks staged a tentative rebound across financial markets on Friday as stellar results from Amazon (.AMZN) convinced traders not to give up on a sector weakened by a global monetary tightening cycle and the historic crash of Facebook owner Meta.

Europe falls again after brutal week for stock markets

Europe’s main bourses fell again on Friday as worries about a sudden stop to central bank stimulus and rising tensions between Western powers and Moscow continued to drive world stocks to one of their worst ever starts to a year.

Cadence Design Systems aims to cash in on new custom-chip era

Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.