Friday’s market minute Global stocks mixed on the last trading day of the month, with Asia held back by recovery concerns and Europe and the US higher on the back of big tech gains. Apple, Amazon, Facebook and Google beat Wall Street’s forecast, with revenue rising to a collective of …
Read More »Big tech gains on the rise during pandemic as economy crashes
(Bloomberg) – America’s largest technology companies are thriving in a pandemic that has increased dependence on their products and services, while affecting the rest of the economy. Quarterly results from Apple Inc., Amazon.com Inc., Facebook Inc and Alphabet Inc. showed Thursday that the industry is capitalizing on the crisis as …
Read More »Why Replacing the $ 600 Employment Benefit Could Take Months
WASHINGTON – Republicans want to replace a weekly bonus check for the unemployed with a new system that offers 70 percent of the wages workers earned before being laid off. Experts say it would be a difficult change to achieve and that it would hurt lower-wage workers. There are 53 …
Read More »Tech revenues in Asia Pacific are at risk due to Huawei restrictions, says S&P
Billions of dollars in tech revenue is at risk across Asia Pacific due to the latest U.S. restrictions on Chinese smartphone maker Huawei, the rating agency Standard and Poor’s said in a report this week. President Donald Trump’s administration introduced a new rule in May That requires foreign companies that …
Read More »White House Floats $ 600 Temporary Extension of Benefit
By Andrew Taylor and Lisa Mascaro | Associated Press WASHINGTON – The White House and some of its Republican allies in the Senate are indicating that they want to extend, at least temporarily, an expanded unemployment benefit of $ 600 per week that has helped keep families and the economy …
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