Robinhood Users Defy Smart Money on Tech and Win: Taking Stock
(Bloomberg) — Going against the smart money flow has been a winning strategy for Robinhood traders, at least when it comes to big tech. Retail traders kept boosting their positions in technology megacaps, even as professional stock pickers trimmed…
Big Tech Got Bigger, Big Oil Got Smaller During Virus Lockdown
(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…
Big Tech Earnings Surge During Pandemic While 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.,…
Apple Q3 Results Blitz Forecasts As Tech Giant Sets 4-For-1 Stock Split
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…
Australia to Put Tech Giants on Tighter Leash, Make Them Pay for 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…
Tech Leads Stock Rebound From Lows Amid Earnings: Markets Wrap
(Bloomberg) — A rally in big technology companies lifted stocks from Thursday’s lows, tempering concern over a bumpy economic rebound. Apple Inc., Amazon.com Inc., Alphabet Inc. and Facebook Inc. jumped in extended trading as results crushed Wall…
Big Tech Still Winning in Economic Crisis
Millions might have consented to stay at home this spring in the interest of social distancing, but they certainly didn’t log off. Even though economic activity fell at a heart-stopping annual rate of 32.9 percent in the second quarter, which started in…
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Yahoo Life is committed to finding you the best products at the best prices. The product written about here is offered in affiliation with Yahoo Life’s parent company, Verizon Media. When they’re in working order, your personal electronics are…
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…
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.,…