(Reuters) – Investors have increased Microsoft Corp shares nearly 30 percent since the start of the year, betting that the pandemic-induced shift to more remote computing will boost their business. FILE PHOTO: The Microsoft Store is shown in the Manhattan District of New York, New York, USA, June 26, 2020. …
Read More »IBM beats estimates; See profit as customers accelerate the move to the cloud
(Reuters) – International Business Machines Corp (IBM.N) topped second-quarter profit estimates on Monday, noting that demand for their cloud computing business would increase as large corporations accelerate their digital change due to the coronavirus crisis. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in …
Read More »Tesla Stock Rally Pushes Some of the First Fanatic Investors to Wealth
NEW YORK / SEOUL (Reuters) – Convinced of Tesla Inc (TSLA.O) Imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a loan of 43,000 euros ($ 49,000) in early October to invest it all in the electric car maker, which at the time was trading at around $ …
Read More »ANALYSIS: When the United States sneezes, the world catches a cold. What happens when you have severe COVID-19?
WASHINGTON, July 20 (Reuters) – During a blue sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped propel the world as extra money flowed from cuts in taxes and government spending. national and global markets. But if it was US …
Read More »Boring bank clients flock to daily trading platforms during the pandemic
FILE PHOTO: Pedestrians are reflected in the window as customers transact at a Bank of America ATM in Washington on July 19, 2011. REUTERS / Kevin Lamarque / File Photo (Reuters) – Retail investment is having a moment. Top U.S. brokerage firms reporting quarterly results this week applauded the self-directed …
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