By Noel Randewich (Reuters) – Alphabet <GOOGL.O> rallied, Apple <AAPL.O> sank and Twitter <TWTR.N> tumbled on Thursday after a mixed bag of quarterly reports from top-tier technology companies that investors have...
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Facebook anticipates tougher 2021 even as pandemic boosts ad revenue
By Katie Paul and Noor Zainab Hussain (Reuters) – Facebook Inc on Thursday warned of a tougher 2021 despite beating analysts’ estimates for quarterly revenue as businesses adjusting to the global coronavirus pandemic continued...
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Apple’s late iPhone launch temporarily wiped $100 billion off its stock value
By Stephen Nellis (Reuters) – The late launch of new 5G phones caused Apple Inc’s <AAPL.O> customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop in iPhone sales in...
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Amazon sees pandemic boosting holiday sales and investment in delivery
By Jeffrey Dastin and Akanksha Rana (Reuters) – Amazon.com Inc on Thursday forecast a jump in holiday sales – and costs related to COVID-19 – as consumers continued to shop more online during the pandemic. A company...
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Wall Street rebounds as market eyes tech results, strong U.S. data
By Herbert Lash NEW YORK (Reuters) – U.S. stocks closed higher on Thursday, with the technology heavyweights rallying ahead of major earnings reports and upbeat domestic economic data calming investor jitters about surging...
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Analysis: Creeping funding costs skew China Evergrande’s deleverage drive
By Clare Jim and Zhang Yan HONG KONG/BEIJING (Reuters) – China Evergrande Group <3333.HK> has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow...
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