The coronavirus pandemic hit another unwelcome milestone Tuesday morning as the number of COVID-19 infections worldwide hit 20,092,855, according to the latest data collected by Johns Hopkins University’s Center for Systems Science and Engineering. But the actual number of cases in both the U.S. and worldwide is likely to be …
Read More »Analyzes of Uber’s ride healing are ‘a mess’, and the front is sputtering
Uber shares fell Friday after the company’s second-quarter results released Thursday. INDRANIL MUKHERJEE / AFP via Getty Images The shares of Uber Technologies Inc. resigned Friday because concerns about the negative effects of the COVID-19 pandemic on the company’s business seem to be pending in hopes of its booming food …
Read More »Facebook stock spikes will be recorded as boycott of featured advertisers scares no one
Amid a global pandemic, some of the world’s largest advertisers said they would boycott Facebook Inc., which gets almost all of its money from online ads. It would be reasonable to think that this would lead to difficult times for Facebook’s business and actions. But that was not what happened …
Read More »European stocks rise as investors juggle technological optimism and economic sadness
European stocks rose on the last trading day of the month, fueled by better-than-expected results and after big gains from top US tech companies. That joy helped investors sideline, for now, the signs of increasing global economic problems due to the pandemic. The Stoxx Europe 600 SXXP Index, + 0.57% …
Read More »Amazon Gets FCC Approval for $ 10 Billion Satellite Internet Project
Amazon also posted record profits on Thursday. AFP / Getty Images Amazon.com Inc. obtained approval from the Federal Communications Commission to build a $ 10 billion satellite internet network that would rival SpaceX’s Starlink network. In documents released Thursday, the FCC authorized Amazon’s request to build a network of more …
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