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…
Facebook’s Second-Quarter Sales Top Estimates as Ads Rebound
(Bloomberg) — Facebook Inc.’s second-quarter sales topped analysts’ highest estimates, rebounding from a pandemic-fueled disruption to digital advertising earlier in the year as its social media apps continued to draw more users. Revenue rose 11%…
FirstFT: Today’s top news stories
How well did you keep up with the news this week? Take our quiz . The Hong Kong government has disqualified Joshua Wong, one of the city’s best-known pro-democracy campaigners, from standing in legislative elections next month, citing the territory’s new…
The 5 Coolest Features Inside Nike’s New Paris Flagship
Nike’s newest flagship, Nike Paris House of Innovation, launched today on the French capital’s Avenue des Champs-Élysées. This week, FN took an exclusive tour ahead of the official public opening. In what is the latest of only three Nike flagship…
Expectations are low for Apple’s quarterly report
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. No one on Wall Street seems to think Apple had a good quarter, which could set the iPhone maker up to surprise…
Apple halved its App Store fees for Amazon’s Prime Video app
Apple offered Amazon lower App Store fees to convince the e-commerce giant to launch its full Prime Video app on the iPhone App Store, newly-released documents have revealed. An email sent by senior Apple executive Eddy Cue to Amazon chief executive Jeff…
The Case for a Facebook Breakup Still Stands
(Bloomberg Opinion) — In a historic session Wednesday, the CEOs of four of the world’s biggest technology giants appeared before a House subcommittee to answer wide-ranging questions about their anticompetitive practices and allegations they…
MLB can punish players for stealing signs in new rules
If you, like Los Angeles Dodgers reliever Joe Kelly, think Houston Astros players got off light when they weren’t punished for stealing signs and cheating their way to the 2017 World Series, there’s good news on the horizon: the next time it happens,…
Samsung Electronics defies pandemic with profit rise
South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales. Long known as the…
Huawei Tops Samsung for First Time in Smartphones, Canalys Says
(Bloomberg) — Huawei Technologies Co. overtook Samsung Electronics Co. in global smartphone shipments in the second quarter after Chinese consumer spending bounced back from a Covid-19 trough, according to Canalys. China’s largest tech company…