Amazon.com reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism.
Browsing: World
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Nokia shares plunged after the company said customers aren’t quite ready to increase spending on faster networks and are demanding price cuts.
Facebook has racked up plenty of milestones in its pioneering journey. Now the social media giant is poised to add one it would doubtless rather avoid: the biggest stock market wipe-out in American history.
Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.
Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe.
European Union competition commissioner Margrethe Vestager coolly hit Google with a €4.3-billion fine last week, the biggest penalty in the history of antitrust enforcement. It didn’t have to be that way.
Microsoft’s cloud-fuelled turnaround persisted in the fiscal fourth quarter, when sales and profit got a boost from customers signing up for more Internet-based storage, processing and Office productivity software.
US President Donald Trump lashed out at the European Union’s $5-billion fine against Google over its mobile phone operating system in the latest trade-related salvo fired from the White House.