Apple’s decision to split its shares was made to help make investors more accessible, CNBC’s Jim Cramer said Friday, referring to a conversation he had with its CEO, Tim Cook. “I think Apple is making the right decision. Tim said to me last night, ‘Hey, I want more people in …
Read More »Stock futures rise after Big Tech offers windfall profits
Stock index futures were aiming for a higher start for Wall Street on the last day of July on Friday after Apple and Amazon made windfall profits and Facebook and Alphabet, Google’s parent, beat expectations. However, the lack of progress in Congress on another financial aid bill, the continued increase …
Read More »Consumer spending jumps 5.6% in June, but recovery already appears to be slowing
The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
Read More »Exxon Earnings (XOM) Q2 2020
Fuel prices are displayed at an Exxon Mobil Corp. service station in Arlington, Virginia, USA, on Wednesday April 29, 2020. Andrew Harrer | Bloomberg | fake pictures Exxon said Friday that it lost $ 1.1 billion in the second quarter amid “global oversupply and COVID-related demand impacts.” It was the …
Read More »Apple and Amazon dominate an economy ‘without mouths or noses’, but 10% of jobs will never return, says strategist
That was a great performance for America’s tech giants. Google parent Alphabet GOOG, + 0.62% It beat earnings and revenue expectations, though the search giant’s annual revenue fell. What the four benefit from is that their products and services can be used from home, and increasingly in the absence of …
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