Wall Street's main indexes were set to open higher on Wednesday as a slew of positive earnings updates and hopes for a dovish tone from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus support plan.
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Spotify Technology SA said on Wednesday music streaming demand had rebounded from coronavirus-related weakness at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates.
Shares of Apple (NASDAQ: AAPL) have soared this year, even as the company suffered temporary supply shortages and store closures. The stock is up 27% year to date and 80% over the past 12 months. This crushed the market's returns. The S&P 500 fell 0.4% and rose 6%, respectiv
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U.S. stock index futures ticked higher on Wednesday as investors hoped for cues of support from the Federal Reserve, while the country grappled with a spike in coronavirus cases.
The CEOs of four of America's largest tech firms will testify before U.S. Congress on Wednesday in a hearing that promises a healthy dose of political theater, while also offering a window into the thinking of lawmakers trying to rein in Big Tech.
Sensor specialist AMS, which just closed the takeover of OSRAM, expects third-quarter revenue to grow about 20% versus the second quarter as it sees strong demand from smartphone makers despite the pandemic.
Sensor specialist AMS AG, which just closed the takeover of Germany's Osram, said it expects its third-quarter revenues to grow around 20% versus the second quarter as demand from smartphone makers remains strong despite the pandemic.
(RTTNews) - Apple said that it will open its second store on Friday in Bangkok, Thailand. The new store is located next to the CentralWorld shopping mall.
Facebook Inc's chief executive, Mark Zuckerberg, will defend the social media company before a congressional hearing on Wednesday by saying it faces intense competition, justifying its acquisitions and pointing to China's growth as an internet superpower.
Facebook Chief Executive Mark Zuckerberg will defend the social media powerhouse before a U.S. House of Representatives hearing Wednesday on the market power of major tech firms.
The Dow closed 205 points lower, with the Nasdaq and S&P 500 also ending the day in the red, as tech giants Apple (AAPL) and Netflix (NFLX) pulled back. Senate majority leader Mitch McConnell unveiled the Senate's proposed HEALS Act, which outlines the next round of corona
Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan.
An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold, which hovered near record highs.
Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and a smaller than hoped for coronavirus aid plan from U.S. Senate Republicans.
An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe left global equities treading water and sent investors into safe-haven assets like government bonds and gold, which hovered near record highs.
The Dow and Nasdaq were in decline on Tuesday while the S&P eked out a small gain as investors eyed weakening consumer confidence and disappointing business updates as well as a smaller than hoped for coronavirus aid plan from U.S. Senate Republicans.
U.S. stocks fell on Tuesday as investors awaited progress on Washington's coronavirus aid plan, with the blue-chip Dow index weighed down by 3M and McDonald's shares after the companies posted quarterly profits that missed estimates.