Tag: economic growth

Opinion: Big Tech is headed for its biggest year yet, and it isn’t even close

If government regulators around the world thought Big Tech was too big last year, 2021 has not changed their mind. Alphabet Inc. GOOGL, -0.23% GOOG, +0.12%, Amazon.com Inc. AMZN, -0.84%, Apple Inc. AAPL, +0.46%, Facebook Inc. FB, -4.01% and Microsoft Corp. MSFT, +0.10% experienced an unprecedented first half of the year financially, with $650 billion […]

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U.S. stocks stand pat as Facebook leads earnings slate

Facebook led Wednesday’s earnings slate, while the Federal Reserve hinted that it could scale back its bond buys and D.C. lawmakers struck an infrastructure deal. Read More Source link

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US stocks slip, but Big Tech reports big earnings

Markets in New York retreated from Monday’s record highs—but out west, America’s tech behemoths reported robust profits. Read More Source link

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U.S. stock markets gain, while Chinese firms face backlash

Tesla reported a record quarterly profit while China’s tech, property, and education sectors deal with a regulatory clampdown. Read More Source link

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Singapore retailers are reeling from further Covid measures as sales drop 70% for some

People inside a shopping mall in Singapore on May 15, 2021, ahead of tightening restrictions over concerns of a rise in Covid-19 coronavirus cases. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s brick and mortar businesses have been hit hard by Covid-19 and retailers have seen sales plummet significantly as a result of […]

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U.S. stocks fall despite strong retail sales data

U.S. stocks fell following a surprise drop in consumer sentiment, fueled by inflation worries. Read More Source link

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Mostly gloomy day for stocks as crypto, Treasury yields slump

U.S. stocks closed mostly in the red amid the second day of Fed testimony. Read More Source link

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Bitcoin and stocks stabilize after Fed chair’s testimony

The S&P 500 closed higher after Fed chair Jerome Powell stuck to his transitory inflation message. Read More Source link

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Stocks and crypto slump after inflation data heats up

U.S. stocks closed in the red following red-hot inflation numbers. Read More Source link

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