SYDNEY (Reuters) – Australia will force American tech giants Facebook Inc (FB.O) and Alphabet Inc (GOOGL.O) Google will pay Australian media for news content in a landmark move to protect independent journalism that will be seen around the world. FILE PHOTO: The Facebook symbol is seen on a motherboard in …
Read More »Facebook smashes revenue estimates amid pandemic, predicts ad growth
(Reuters) – Facebook Inc (FB.O) beat analyst estimates for quarterly revenue on Thursday as companies used their digital advertising tools to take advantage of a surge in online traffic during the coronavirus pandemic, even as they cut marketing budgets elsewhere. FILE PHOTO: A 3D printed Facebook logo seen on a …
Read More »Big Tech results move center stage after bruises
(Reuters) – Four of the big tech companies in the United States, accounting for nearly a fifth of the total value of the S&P 500, reported the results Thursday after a concussion in Congress to investigate the alleged abuse of their global dominance. . FILE PHOTO: The logos of Amazon, …
Read More »South Korea launches Tesla vehicle security probe
FILE PHOTO: Tesla EVs are parked in Hanam, South Korea, on July 6, 2020. REUTERS / Kim Hong-Ji SEOUL (Reuters) – South Korea said it is investigating possible security problems with vehicles manufactured by US automaker Tesla Inc (TSLA.O), which competes heavily with Hyundai Motor Co (005380.KS) in the South …
Read More »UNITED STATES STOCKS: Wall St Stumbles As 3M Stimulus Talks Emerge, McDonald’s Disappoints
(For a live blog on the US stock market, click or type LIVE / in a news window) * Pfizer rose after raising the forecast for the full year * McDonald’s falls when global sales at the same store disappoint * 3M falls as quarterly earnings fail estimates * Downward …
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