Tech rout drags Nasdaq, S&P 500 to lowest in at least 6 weeks; Dow slides nearly 1%

Stocks tumbled on Friday, closing out a rocky week on a down note as big tech stocks extended a weeklong sell-off — dragging all of Wall Street lower in spite of encouraging developments in the economy.

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In recent sessions, high profile names like Amazon (AMZN), Facebook (FB) and Apple (AAPL) have slumped sharply after hitting record highs. The sector’s rout led the Nasdaq to its worst levels since July 31, and Friday saw the bellwether shed nearly 2% intraday. Meanwhile, the S&P logged losses that pushed it to a six week low. All three of the major market indexes have fallen for three weeks straight.

Apple, which wowed the market with its bundle of new service-oriented products this week, suffered its third consecutive week of declines — the first time that’s happened since May 2019, and is now down over 20% from its all time high.

Price action

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Uber’s Hired A New Top Tech Leader From Amazon But Is Losing Its CIO

Uber Technologies has hired Sukumar Rathnam as its new chief technology officer (CTO). Previously a vice president at Amazon, where he headed product selection and catalog systems, Rathnam will start his new role on September 28.

Separately, Forbes understands that Uber’s CIO, Shobhana Ahluwalia, who had reported to Rathnam’s predecessor, Thuan Pham, has decided to leave. A source close to Uber said her departure is “very amicable” and that she had accomplished an incredible amount during her five-year-plus tenure. It’s unclear whether Ahluwalia was hoping to get the top technology role.

Rathnam’s arrival was announced internally on September 17 and first reported by The Information. He will take over several months after the departure of Pham, a veteran leader who resigned from the company in May just before it laid

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New technology makes wastewater from the oilsands industry safer for fish

fish
Credit: CC0 Public Domain

In the northeastern corner of Alberta, nestled among the expanses of forests and wetlands, lies a major freshwater dilemma that Canada is currently facing.


Just down the river from Fort McMurray, massive ponds stretch for miles, filled with toxic water.

For decades, the Canadian oilsands industry has been filling these ponds with wastewater from oil extraction. The purpose of these ponds is to store and reuse water, in order to reduce the amount of new water taken from the nearby Athabasca River.

The reuse of water for oil extraction causes tailings ponds to accumulate higher and higher concentrations of harmful contaminants. As such, the water in these tailings ponds is dangerous, and often lethal, to birds, fish, frogs and plants.

Currently, there is enough sludge-like water to fill half a million Olympic-sized swimming pools—and this volume continues to increase. This huge amount of wastewater has recently

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How schools can make smarter technology purchasing decisions

Educators in the United States spend $13 billion annually on ed tech but have no way to collectively track the success of those technology tools. That’s why the EdTech Evidence Exchange, part of the University of Virginia, has launched the EdTech Genome Project—to create a framework to give K-12 school and district decision makers a tool for making more informed choices when it comes to purchasing and implementing classroom technology.

The project, which began late last year, includes a 27-member advisory board of academic researchers, educators, technology investors, union leaders and representatives of philanthropic organizations. “There’s nothing more powerful than an accomplished teacher with access to the best tools,” says Peggy Brookins, CEO of the National Board for Professional Teaching Standards and an advisory board member. “For too long, though, educators and school leaders have operated without a clear framework to understand how best to choose and implement technology that

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Reusable Chinese Space Craft Lands Returns Earth

The Chinese government has announced the safe return of a reusable spacecraft, called Chongfu Shiyong Shiyan Hangtian Qi (CSSHQ), to Earth, after spending two days in orbit. 

The unmanned spacecraft was launched on Friday, September 4th, 2020, from the Jiuquan Satelite Launch Center in northwest China’s section of the Gobi Desert, before safely returning to its scheduled landing site. The spacecraft’s purpose was reportedly to test reusable technologies that will provide ‘technological support for the peaceful use of space’, although no information about what technologies were tested has been made public. 

Adding to this, no pictures nor information of the spacecraft itself have been released into the press either, although the Chinese government did say that it was launched via a Long March-2F carrier rocket. This makes CSSHQ the 14th mission for the rocket, also used by the Chinese to send astronauts into orbit, as well as its own space

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A New 360 Camera From The Minds Behind The Original

In the beginning, there was the Ricoh Theta. The small, convenient camera was the first to bring 360 photography to the masses. From Tiny Planets to 360 photospheres, it was a new way to photograph the world. I bought one immediately.

The 360 camera market has grown and changed considerably since then, with the GoPro Max and Insta360 One R dominating the discussion. But these high-end, high-performance cameras aren’t what everyone needs.

Enter Vecnos, a company spun out of Ricoh, that features many of the people who worked on the Theta. The IQUI, pronounced ee-qui, is their first camera. It’s a sleek, pencil-like design for those who don’t need something elaborate like the Max and One R. It’s for people who just want to take some cool pictures and videos when they’re out with their friends and share the results easily.

Here’s a look.

The

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17 Steam Tips for PC Gaming Noobs and Power Users


12 min read


This story originally appeared on PCMag

Steam. It’s the face of PC gaming and the reason why Valve won’t release a game that people want to play in our lifetimes, aside from Half-Life spin-offs designed to sell VR headsets. GabeN and company’s video game marketplace isn’t the only place to purchase PC games—Epic Games Store, GOG, and Xbox are viable options, too—but Steam’s footprint and infamous seasonal sales make it a popular online retail destination. 

With the PlayStation 5 and Xbox Series X slated to release this holiday, you may be tempted to pick up a next-gen console. However, exciting new graphics cards from AMD and Nvidia can give your PC an even greater power boost if you’re willing to upgrade. Games you purchase from Steam will look and play better than ever. 

Steam is so much more than a mere store, though. Its

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Best gaming desks for your PC setup

A gaming desk that fits your needs is more vital to your PC setup than you might think — from L-shaped, to motorized, and everything in between, these are our top picks.

All products featured here are independently selected by our editors and writers.If you buy something through links on our site, Mashable may earn an affiliate commission.

If gaming on a PC could be distilled down into just two things, the first is that the games you play can be more demanding thanks to its inherent power. (As opposed to, say, laptop or console gaming.) The second though is that you’ll have a pretty overwhelming set of options when it comes to your setup.

The burden of that second thing is on you, and it’s a deterrent for a lot of people who consider getting into the PC gaming space. We can understand

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