by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — A quarter that captured the height of pandemic lockdowns is making the divide between Big Tech and Big Oil more apparent than ever. Facebook Inc., Amazon.com Inc. and Apple Inc. smashed analysts’ estimates on Thursday after shoppers turned to...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(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., Facebook Inc. and...
by Nenita M. Eller | Jul 31, 2020 | Tech News
(Bloomberg) — U.S. stocks fell amid a selloff in giant oil producers and concern that a resurgence of coronavirus cases would curb an economic recovery. The dollar rose. Energy shares led declines in the S&P 500 as Exxon Mobil Corp. and Chevron Corp. had...
by Nenita M. Eller | Jul 31, 2020 | Tech News
Stocks were mixed Friday, with the S&P 500 and Dow down as energy companies sold off after Exxon Mobil (XOM) and Chevron’s (CVX) grim quarterly results. The Nasdaq held in positive results after a slew of better than expected corporate earnings results from major...
by Nenita M. Eller | Jul 31, 2020 | Tech News
Apple demolished Wall Street forecasts in its fiscal third quarter, delivering revenue of $59.7 billion and earnings per diluted share of $2.58 billion. Analysts’ consensus was for revenue of $52.25 billion, which would have been a slight dip from the same quarter a...
by Nenita M. Eller | Jul 31, 2020 | Tech News
Australia is getting closer to moving ahead with controversial legislation that will make the U.S. tech giants pay local companies for news. Other measures to contain their influence are also on the cards. The “Draft Mandatory Code of Conduct Governing Digital...
