Qualcomm Gives Strong Forecast, Announces Huawei License Deal
(Bloomberg) — Qualcomm Inc. gave a strong sales forecast for the current quarter, signaling that fifth generation mobile phone services are taking off. The chipmaker also announced a new licensing deal with China’s Huawei Technologies Co.Revenue…
Another Driver of Tech ETF Rally
We are currently in one of the busiest shopping seasons of the year – Back to School. Every year, retailers are benefited from the start of the school year, but this year the shopping trend is likely to be a little different thanks to the coronavirus…
The US Treasury is investigating TikTok over national security concerns, Treasury Secretary Mnuchin says
Steven Mnuchin and President Donald Trump in the Oval Office of the White House February 13, 2017 in Washington, DC. Alex Wong/Getty Images The US Treasury is investigating social video app TikTok over national security concerns, Secretary Steven Mnuchin…
GM Sees Path to Profit in Second Half After Quarterly Loss
(Bloomberg) — General Motors Co. reported its first quarterly loss since it emerged from bankruptcy but said it sees a path to full-year profit and paying off debt if the economy remains stable during the second half of 2020. With plants running…
Lawmakers question the CEOs of Apple, Google, Facebook, and Amazon
The CEOs of Apple, Amazon, Facebook, and Google’s parent company Alphabet are all testifying today before the US House of Representatives’ Antitrust Subcommittee. It’s extremely rare for one of the tech giants’ CEOs to testify…
Tech bosses from Google, Apple, Amazon and Facebook face US Congress
The tech industry’s “Big Tobacco moment”, where the bosses of four of the biggest companies – Apple, Amazon, Facebook and Google – are giving evidence to the US Congress in Washington today. The House of…
Precious Metal ETFs Shines in July
Amid rising U.S.-China tensions and worsening COVID-19 crisis, precious metals have become attractive and more appealing to investors. Gold has skyrocketed to an all-time high nearing $2,000 per ounce while silver has jumped to the highest level of…
‘We’re more of a chemical company’ than a camera brand
Kodak (KODK) — which vaulted back into the spotlight via a multi-million deal with the federal government to make medical ingredients — associates itself more with chemicals than the cameras and photos that made it famous, CEO Jim Continenza told Yahoo…
Big Tech Goes to Capitol Hill; Plus Q2 from BA, GE, SPOT & More
Wednesday, July 29, 2020 Another big day in the nation’s capital is expected today. Aside from further rumination of pandemic relief from Congress, we will see top tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Apple’s Tim Cook and…
JPM, T, MSFT, PYPL and INTC
For Immediate Release Chicago, IL – July 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks…