(Bloomberg Opinion) – When Nikola Corp. went public on Nasdaq in June, the Phoenix-based clean transportation company quickly rose to a valuation of nearly $ 30 billion. Since then, its market value has dropped to a more reasonable $ 10.5 billion, but that is still spicy enough for a company …
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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 …
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While he refuses to rule it out, Apple CEO Tim Cook says he’s moving Mac to Apple’s silicon specifically to enable his own product plans, not anyone else’s. Pressed on Apple’s upcoming silicon during Apple’s 2020 third-quarter earnings call, Cook declined to say that the company would never sell its …
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(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 …
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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 …
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