U.S. stock index futures rose on Wednesday as investors took heart from signs of progress in developing a COVID-19 vaccine, looking past record daily death rates in some states and brewing tensions between Washington and Beijing.
Europe's second-highest court on Wednesday rejected an EU order for Apple to pay 13 billion euros ($15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.
More than 2,500 mobile games were removed from Apple's China app store in the first week of July, four times as many in the same period in June, after Apple closed a loophole to comply with Chinese licence requirements, data from SensorTower showed.
Apple's clash with EU competition regulators comes to a head on Wednesday as Europe's second-highest court rules on whether it has to pay 13 billion euros ($15 billion) in Irish back taxes, a key part of the EU's crackdown against sweetheart tax deals.
Global equity markets rebounded on Tuesday, buoyed by a surge in cyclical stocks on Wall Street as investors bet the economic recovery would overcome a rollback of California's reopening, while safe-haven gold prices solidified gains above $1,800 an ounce.
Wall Street rose on Tuesday, led by energy and materials, as investors looked beyond a recent surge in coronavirus cases and rotated out Amazon and other recent strong performers.
A lot of investors are treating Apple (NASDAQ: AAPL) like a mature dividend stock these days. And why not? Apple's payouts have grown every year since the dividend policy was introduced in 2012. The dividend is also backed by Apple's unmatched cash machine and nearly $200 billio
June was not a good month to be a maker or vendor of smartphones in China. According to data compiled by the government and cited by Reuters, in that month, shipments of such devices fell by 16% on a year-over-year basis. All told, 27.7 million smartphones were shipped in June,
The S&P 500 and Dow indexes edged higher in volatile trading on Tuesday as investors digested a mixed bag of quarterly earnings reports from U.S. lenders but technology stocks fell on worries over new business restrictions in California.
Some investors are getting increasingly worried about the outlook for technology and big growth stocks after a massive rally which has pushed the Nasdaq Composite index to record highs despite the coronavirus-inflicted economic damage.
There's little doubt that Netflix (NASDAQ: NFLX) has been among the clear winners of the ongoing stay-at-home economy: The stock is up an impressive 70% so far this year. To put that into context, the Dow Jones Industrial Average is down about 7%, the S&P 500 sits near bre
In line with rumors that surfaced earlier this month, SiriusXM (NASDAQ: SIRI) officially confirmed this week that it will acquire podcasting platform Stitcher from E.W. Scripps (NASDAQ: SSP). The satellite radio company has been aggressively expanding into streaming in recent ye
With Apple (NASDAQ: AAPL) shares trading at all-time highs and briefly flirting with $400, Morgan Stanley analyst Katy Huberty reiterated her outperform rating and boosted the firm's price target from $340 to $419 on Monday. While Apple's iPhone trade-in program isn't new by any
Billionaire investor Bill Gross is predicting that value stocks like IBM and Altria Group are likely to fare better than growth stocks like Apple or Amazon.com in the near term, due to a correlation with real interest rates.
Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.
Global fund managers said the euro was cheap and they were seeking more exposure to it and European equities on the back of a massive fiscal stimulus plan, a Bank of America survey showed on Tuesday.
This has been a wild year for investors. While most stocks fell sharply in February and March during the coronavirus market crash, many have already recovered. Even more, some stocks have soared to new all-time highs, serving up incredible returns to shareholders.
In recent years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has taken a lot of criticism for underperforming the benchmark S&P 500. Some folks have even implied that the Oracle of Omaha may have lost his touch. But back out your analysis of Buffett's hi
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