Text size Dominick Reuter / AFP via Getty Images Microsoft shares have climbed to new highs during the Covid-19 pandemic, as companies accelerate their adoption of cloud-based software. This has given a boost to both Azure, the company’s public cloud service, and cloud-based apps like Office 365 and Teams. How …
Read More »European stocks rise, with EU leaders slated to resume bailout talks
European stocks rose on Monday, with top leaders still negotiating a rescue fund to boost the economic response to the coronavirus. At mid-morning, the Stoxx Europe 600 SXXP, + 0.18% They traded 0.2% higher, overcoming a weaker start. The German DAX DAX, + 0.51%, French CAC 40 PX1, + 0.11% …
Read More »Facebook’s biggest advertiser Disney is reportedly cutting advertising spending
MENLO PARK, California – Walt Disney Co. has “dramatically” cut its advertising budget on Facebook and Facebook-owned Instagram, according to a report published in the Wall Street Journal. It is the latest setback for the social network, which is facing a growing advertising boycott of its policies and actions on …
Read More »Race for a Covid-19 vaccine could have political side effects
As the Covid-19 crisis intensifies in the United States, the fight for an effective vaccine is about to collide with the electoral calendar. Pfizer (ticker: PFE) says it will seek authorization from the Food and Drug Administration for its Covid-19 vaccine starting in October. Meanwhile, the federal government’s Covid-19 vaccine …
Read More »Cruise ship stocks plunge as CDC’s extension of the no-sail order could be just the beginning
The actions of the cruise operators were affected on Friday by the extension of the order of prohibition of navigation on the part of the Centers for the Control and the Prevention of Diseases, as a result of the recent increase in the cases of COVID-19. The CDC said passenger …
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