Alphabet Q2 results are in, revealing that the company has managed to beat Wall Street expectations and sending the stock up after hours.
Amazon reported a whopping 100% in its net income YoY and a 40% jump in its revenue. The company’s grocery sales tripled during Q2 2020 due to massive online shopping demands fuelled by the COVID-19-related government lockdowns.
As the U.S. government seeks to kill monopoly in the U.S. tech ecosystem, the CEOs of Amazon, Apple, Google, and Facebook were drilled to clarify their anti-competitive behavior.
Kodak gets massive state-backing from the Trump administration to manufacture generic drugs inhouse and reduce its dependency on sourcing APIs from China.
With an increase of 43% in 2020, Tencent has added $197.74 billion to its market value on Tuesday, pushing its market cap higher than that of Facebook.
After the antitrust hearing was postponed to pay respect to the late Rep. John Lewis, D-Ga, the four U.S. big tech CEOs are expected to be grilled by Congress today.
Moderna has got nearly $1 billion in support from the U.S. government so far to support the development of the COVID-19 vaccine. The biotech firm is conducting its last-stage trials. MRNA stock is up.
Stocks showed impressive rally on Monday with Amazon (AMZN) and Apple (AAPL) leading tech stocks amidst expectations of the new stimulus package from the government.
Amidst the ongoing economic and healthcare crisis, the Republican Party in the U.S. has unveiled the second round of stimulus package plan. The government is willing to pass the legislation by July 31 and has sought support from the Democratic Party for proceeding ahead.
Gold is benefiting from the present uncertainty. But it is unclear whether gold prices will grow further and set new record highs. Bulls’ next target is $2,000.
Bitcoin jumped 5% to move above $10,000 levels for the first time since June 3. Investors are closely observing the next resistance of $10,500 above which Bitcoin can set a new bull trend.
Ethereum (ETH) price jumped to over $300 in a major rally as the Ethereum network sees a significant surge in daily transactions. The price rally comes as the developers plan to launch the Ethereum testnet on August 4.
The compounding economic uncertainty due to the rising COVID-19 cases and the growing tensions between the U.S. and China have caused the gold price to soar higher taking them at their record-high levels of 2011.
With new cash injection in a deal with American Express, British Airways owner IAG hopes to stay afloat after a serious hit due to the coronavirus lockdown.
Shortly after the recent Twitter hack, the social platform has released its second-quarter earnings report. TWTR stock jumped 4% yesterday but is down over 1% now.