Text size Packages from Amazon.com Inc. are stacked on the sidewalk in New York, USA, on Thursday, June 11, 2020. Jeenah Moon / Bloomberg With a big boost from accelerated e-commerce adoption amid the Covid-19 pandemic, Amazon. com released second-quarter financial results that dramatically exceeded Wall Street estimates and the …
Read More »Amazon Stock jumps on strong second quarter results
Text size Packages from Amazon.com Inc. are stacked on the sidewalk in New York, USA, on Thursday, June 11, 2020. Jeenah Moon / Bloomberg With a big boost from accelerated e-commerce adoption amid the Covid-19 pandemic, Amazon. com released second-quarter financial results that dramatically exceeded Wall Street estimates and the …
Read More »Dow drops nearly 200 points after China retaliates by ordering Chengdu consulate closed
TOPLINE The market ended lower on Friday as high-tech stocks lagged, and stocks were hit as well after China retaliated for the closure of its consulate in Houston earlier this week by ordering States United that you close your consulate in Chengdu. Relations between the United States and China hit …
Read More »Microsoft’s earnings beat estimates, thanks to “at home” trend
Text size Denis Charlet / AFP via Getty Images Microsoft released better-than-expected financial results for its fiscal fourth quarter as demand for its cloud-based software increased amid the pandemic-induced change to work and learn from home. For the quarter ended June 30, Microsoft (ticker: MSFT) posted revenue of $ 38 …
Read More »Slack files EC competition complaint against Microsoft
Slack Technologies Inc. JOB, -1.10% said Wednesday that it filed a competition complaint against Microsoft Corp. MSFT, + 0.35%, alleging the illegal and anti-competitive practice of abusing their market dominance, before the European Commission. “Microsoft has illegally linked its Teams product to its market-dominant Office productivity suite, forces millions to …
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