(Reuters) – On Wednesday, Apple Inc Chief Executive Tim Cook will face questions from US lawmakers about whether the iPhone maker’s app store practices give him unfair power over independent software developers. FILE PHOTO: The Apple logo is displayed on top of an Apple store in a mall in La …
Read More »Global prospects weaken for China’s tech champions as big powers collide
SHANGHAI / BEIJING (Reuters) – The global ambitions of Huawei Technologies founder Ren Zhengfei are marked in brick and mortar at a new company campus in southern China, where the buildings are replicas of European cities. FILE PHOTO: Employees are seen after a day of work at the new Huawei …
Read More »Can the growth of remote work offset the positions in Microsoft’s unique offerings?
(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 »S&P 500 turns positive for 2020, but most stocks miss the party
NEW YORK (Reuters) – The US S&P 500 benchmark is now positive for the year, yet most of its components have passed the rebound. FILE PHOTO: Traders wearing masks work, the first day of in-person trading since closing during the outbreak of coronavirus disease (COVID-19) on the floor of the …
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 »