(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 »AMD raises forecasts for the full year as chip rival Intel stumbles
FILE PHOTO: Lisa Su, AMD President and CEO, delivers keynote speech at CES 2019 in Las Vegas, Nevada, USA, January 9, 2019. REUTERS / Steve Marcus (Reuters) – Advanced Micro Devices Inc (AMD.O) Boosted its full-year revenue forecast on Tuesday, fueled in part by an overall surge in demand for …
Read More »US refineries to record worst second-quarter results in a decade
(Reuters) – U.S. oil refineries are expected in the next few days to report the worst second-quarter results in a decade, with output exceeding demand, while pandemic-related closings have undermined trips by summer. FILE PHOTO: Valero Energy Corp. service station shown in El Cajon, California, USA, August 8, 2017. REUTERS …
Read More »China’s industrial earnings growth accelerates, signs of strong economic recovery
BEIJING (Reuters) – China’s industrial companies’ profits rose for the second consecutive month and at the fastest pace in more than a year, adding to signs that the country’s economic recovery from the coronavirus crisis is winning impulse. FILE PHOTO: A worker welds a steel bicycle tire at a factory …
Read More »Roombas and jam: couch potatoes break robot vacuums, PB&J in pandemic
(Reuters) – Consumers who stay close to home as COVID-19 cases increase worldwide are looking for more staples like mayonnaise and peanut butter and buying Roomba robotic vacuum cleaners and computers. FILE PHOTO: A variety of peanut butter made in the USA on display at the “American lifestyle” store in …
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