US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech a...
31 Jul 202010min
Big tech hearings, Qualcomm-Huawei deal, 1MDB scandal
American lawmakers grill the chief executives of four US tech groups over unfair competition accusations, Qualcomm shares soared to a record high after the California chipmaker announced a royalty dea...
30 Jul 202010min
Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending
Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on ...
29 Jul 20207min
Investors fear US virus toll, MLB virus scare, European bank earnings
Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavi...
28 Jul 202010min
Republicans to unveil US stimulus offer, coronavirus curbs European travel, Brexit talks
Republicans are set to unveil their proposals for a fresh round of stimulus today, US oil companies have increased production following the price crash earlier in the year, and a surge in coronavirus ...
27 Jul 202010min
Goldman seeks capital relief, Intel delays launch of next generation chips, US jobs recovery stalls
Goldman Sachs is pointing to its strong second quarter results in a pitch to the Federal Reserve for relief on its capital requirements, Intel shares dropped after the company said it was pushing back...
24 Jul 20208min
Tesla profit milestone, US vs China, ex-Wirecard CEO rearrested
Tesla reported its fourth consecutive quarterly net profit on Wednesday, the fissure between the US and China continues to deepen with Washington ordering Beijing to shut its consulate in Houston over...
23 Jul 20208min
UK-US trade talks, Trump warns of virus worsening, Latin American debt concerns
The British government has abandoned hopes of reaching a US-UK trade deal ahead of this autumn’s American presidential election, and Donald Trump told reporters the pandemic in the US will “get worse ...
22 Jul 20208min
