Asian shares extended gains on Friday after Wall Street rebounded as technology stocks there touched all-time highs. There was also some relief coming from the lack of escalation in trade tensions between the U.S. and China. Japan’s Nikkei 225 jumped 1.35 percent as stocks extended Thursday’s gains. Electric appliances led gains in the morning, up […]
Read moreIf you made a lot of money in the public markets over the past five years, you were probably betting big on tech and media. That’s according to a new global study from the Boston Consulting Group, which said last week that the nine companies with the highest shareholder returns from 2013 to 2017 came […]
Read moreApple in partnership with several of its suppliers announced on Thursday a $300 million fund for investing in renewable energy projects in China. The China Clean Energy Fund aims to produce at least 1 gigawatt of energy — or enough to power about 1 million homes — through fully renewable means over the next four […]
Read moreThe semiconductor company that tried and failed to buy Qualcomm has a new strategy — become a serial infrastructure software acquirer. Broadcom, which announced on Wednesday that it’s buying CA for almost $19 billion, is turning away from rolling up semiconductor companies and toward buying up mainframe and infrastructure software companies. Broadcom plans to use […]
Read moreThe Justice Department will appeal the AT&T-Time Warner merger approval, according to a court document filed Thursday. Shares of AT&T slipped more than 1 percent in after-hours trading Thursday. In June, a federal judge ruled that the $85.4 billion deal was legal and imposed no conditions on the merger. At the time, the Justice Department […]
Read moreFacebook recently closed a privacy loophole that allowed third parties to discover the names of people in private, “closed” Facebook groups. A Chrome extension that was made specifically for marketers to harvest this information en masse was also shut down prior to Facebook’s move, after the social media network issued a cease-and-desist letter to the […]
Read moreThe longest Amazon Prime Day yet will begin on Monday, July 16 and last for 36 hours through July 17. For many shoppers, it’s a day to finally snag that tech product or kitchen device they’ve been eyeing at a discount. But for others, it could lead to over-shopping, overspending and financial regret. Since the […]
Read moreMicrosoft announced on Thursday a free version of its Teams app, stepping up competition with chat service Slack. Until now, Microsoft only provided Teams to clients that pay for Office 365 and its portfolio of subscription productivity apps. Slack has offered both free and premium options since its public launch in 2014. In promoting a […]
Read moreAmazon is talking with a start-up called Xealth and at least two hospital networks about a pilot project that would let doctors recommend bundles of medical products to their patients before they’re sent home, and have those products delivered to patients’ homes upon discharge, according to several people familiar. The idea behind the pilot, which […]
Read moreThe tit-for-tat trade war between the United States and China is not likely to cause a recession, according to MKM Partners, a Wall Street equity research and trading firm. The growing conflict between two of the world’s largest economies is not enough to spark a major downturn because that can only start when demand declines […]
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