HONG KONG/MILAN/LONDON (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Four of the United States' big tech firms, accounting for nearly a fifth of the S&P 500's total value, report results on Thursday on the heels of a bruising Congressional hearing to look into alleged abuse of their global dominance.
Google's $2.1 billion bid for fitness tracker maker Fitbit will face a full-scale EU antitrust investigation next week, people familiar with the matter said on Thursday.
China's Huawei overtook Samsung Electronics as the world's biggest seller of mobile phones in the second quarter of 2020, shipping 55.8 million devices compared to Samsung's 53.7 million, according to data from research firm Canalys.
As Apple Inc and Amazon.com Inc worked toward a high-profile distribution deal at least a couple of years ago, one proposal on the table was for Apple to have "competing ads removed from search" results on Amazon, according to documents released on Wednesday from a U.S. House of Representatives investigation.
Samsung Electronics Co Ltd said on Thursday it expects a gradual recovery in demand for mobile devices and consumer electronics in the second half of the year, but risks remained due to coronavirus pandemic and growing competition.
Arizona is leading a multi-U.S. state investigation into whether Apple Inc's deliberate slowing of older iPhones violated deceptive trade practice laws, documents reviewed by Reuters on Wednesday showed.
At Wednesday's hotly anticipated congressional hearing on Big Tech CEOs, much of what they said was predictable: We're not that big; competition is fierce; consumers love us.
SAN FRANCISCO (Reuters Breakingviews) - Politicians love to throw mud at Silicon Valley, and sometimes it sticks. The chiefs of Apple, Amazon.com, Facebook and Google faced an array of silly questions at a Washington, D.C. hearing on Wednesday, but also encountered point
The market rallied today after the Federal Reserve said it would keep interest rates at historic lows in an effort to stimulate economic activity during the COVID-19 pandemic. The Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 141 points, or 1.4%.
U.S. stocks closed higher on Wednesday, adding to gains after the Federal Reserve repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."
Qualcomm Inc on Wednesday forecast fourth-quarter revenue largely above Wall Street expectations, powered by strong sales of its chips used in more lucrative 5G devices despite a weak overall smartphone market.
U.S. stocks added to gains on Wednesday after the Federal Reserve repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."
Arizona is leading a multi-U.S. state probe into whether Apple Inc's deliberate slowing of older iPhones violated deceptive trade practice laws, documents reviewed by Reuters on Wednesday showed.
U.S. stocks added to gains on Wednesday after the U.S. Federal Reserve repeated a pledge to use its "full range of tools" to support the economy for as long as it takes to recover from fallout of the pandemic.
U.S. stocks rose on Wednesday as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus relief plan.
U.S. stocks rose on Wednesday as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus support plan.
Wall Street recently learned that Warren Buffett invested another $800 million of Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) capital in Bank of America (NYSE: BAC), and in this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel
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