World War II-Era Obstacle Is Curbing French Startup Diversity
(Bloomberg) — The startup scene in France has the same problem that plagues the industry everywhere — too little diversity. Trouble is, in France you can’t measure it. While observers say the venture capital and tech scene is overwhelmingly…
Apple stock heads for all-time high after earnings smash Wall Street expectations
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Apple had a much better quarter than Wall Street anticipated, as consumers proved resilient despite the COVID-19…
Nasdaq’s $4 Trillion Rally Poised to Heat Up on Tech Earnings Sweep
(Bloomberg) — The already blistering rally in U.S. technology companies is about to intensify after earnings from the biggest purveyors of internet services and smartphones blew past estimates. Exchange-traded funds tracking the Nasdaq 100 jumped…
Apple employees won’t return to the office until early 2021, CEO Tim Cook says
Tim Cook AP Photo/Ng Han Guan Apple CEO Tim Cook said the company would extend its work-from-home policy for US workers until early 2021, per a Bloomberg report. If that timeline were to be extended further, it would depend on “the success with a…
Big Tech Earnings Surge During Pandemic While the Economy Slumps
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…
Stream the Visual Album on Disney Plus
Products featured are independently selected by our editorial team and we may earn a commission from purchases made from our links; the retailer may also receive certain auditable data for accounting purposes. If you’re hoping to watch Beyoncé’s “Black…
Ambani Is Coming for India’s Phones and Wallets
(Bloomberg Opinion) — Things nobody should lose in a taxi — their phone and wallet — are what India’s richest man wants to control. And Mukesh Ambani intends to do it in a market of a billion-plus consumers. The oil-and-petrochemicals…
Apple confirms next iPhone will be delayed ‘a few weeks’
Apple (AAPL) on Thursday confirmed that its next iPhone, presumably called the iPhone 12, will be delayed “a few weeks.” The announcement came during the company’s Q3 2020 earnings call with Apple CFO Luca Maestri saying that while last year’s iPhone…
Tech Lifts U.S. Stock Futures; Dollar Extends Drop: Markets Wrap
(Bloomberg) — U.S. equity futures climbed after stellar earnings from technology giants, while the dollar extended this month’s slide amid renewed concern about the strength of the American recovery. Asian shares retreated. S&P 500 and Nasdaq…
Big Tech Emperors Parade Their Earnings Power
(Bloomberg Opinion) — What timing. On Wednesday, the CEOs of four of the biggest U.S. technology companies downplayed the market power of their respective firms in a landmark antitrust hearing before a House subcommittee. Then just a day later, the…