Tag: Media & Big Tech

Washington Post Corrects Story Claiming Crowd Was Chanting ‘Let’s Go Brandon’

October 25, 2021
Business & EconomyDonald TrumpExecutive BranchMedia & Big TechNASCARPoliticsUSUS NewsWashington Post
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The Washington Post has corrected a story that falsely stated a crowd at a recent speech was chanting “Let’s Go Brandon.” The crowd was actually chanting “[expletive] Joe Biden,” according to video footage of the speech, which was delivered by Donald Trump Jr. in Georgia last month. The original story said that Trump Jr. took…

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Amazon Bulks Up Shipping Capacity to Battle Holiday Season Snarls

October 25, 2021
AmazonBusiness & EconomycapacityCompaniesDistrict of ColumbiaEconomieseconomyholidayLocal NewsMedia & Big TechRegional-Local NewsseasonshippingUSUS News
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Amazon.com Inc. said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season. The stop-and-start nature of the COVID-19 pandemic has snarled global supply chains that are optimized for just-in-time movement of goods,…

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Tesla, PayPal Lift S&P 500 and Nasdaq Ahead of Big Tech Earnings

October 25, 2021
Business & EconomyCompaniesearningsEconomieseconomyInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsPayPalRegional-Local NewsTechteslaUSUS News
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U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets. Tesla Inc. rose 4.5 percent to a record high after car rental firm Hertz placed an order…

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Futures Edge Higher as Big Tech Earnings Take Centre Stage

October 25, 2021
bigBusiness & EconomyCompaniesearningsEconomieseconomyFacebookfuturesInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsSocial MediaTechteslaUSUS News
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U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest. Tesla Inc. rose 2.6 percent in premarket trading after the electric-car maker raised prices of its Model X, Model S variants…

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Stocks Brace for Blockbuster Earnings Week, Pause After 8 Days of Gains

October 25, 2021
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesearningsEconomieseconomyEuropegainsInternationalInvestmentLocal NewsMarketsMedia & Big TechMiddle EastNew YorkRegional-Local NewsstocksUKUSUS NewsWorld
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LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible…

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Epic Games Opposes Apple’s Effort to Pause Antitrust Trial Orders

October 23, 2021
antitrustappleBusiness & EconomyCompanieseconomyepicgamesgamingLocal NewsMedia & Big TechRegional-Local NewsSouthern CaliforniaTechTech NewsUSUS News
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“Fortnite” creator Epic Games on Friday opposed Apple Inc.’s efforts to put on hold orders handed down in an antitrust trial as a potentially lengthy appeals process plays out. U.S. district Judge Yvonne Gonzalez Rogers in September struck down some of the iPhone maker’s App Store rules, including a prohibition on developers directing their users…

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Google to Slash Fee It Takes From Subscriptions on App Store

October 23, 2021
App StoreBusiness & EconomyCompaniesGoogleMedia & Big TechSocial MediaTechTech News
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By Mark Gurman From Bloomberg News Alphabet Inc.’s Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. Beginning Jan. 1, the Google Play Store will charge third-party subscription apps a 15 percent commission, the company said Thursday. Previously, subscription apps were charged 30 percent…

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US Drops Tariff Threat in Digital Tax Transition Deal With European Countries

October 23, 2021
Asia & PacificBusiness & EconomyCompaniesdealdigitalEconomieseconomyEuropeEuropeanIndiaInternationalLocal NewsMedia & Big TechMiddle EastRegional-Local NewsSocial MediaSouthern CaliforniatarifftaxTechTech NewsthreatUKUSUS NewsWorld
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PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…

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Nasdaq, S&P 500 End Lower, Dragged Down by Communications Services

October 23, 2021
Business & EconomycommunicationsCompaniesEconomieseconomyIntelInvestmentLocal NewsMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsS&PservicesSNAPUSUS News
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The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc. and Intel Corp. put pressure on the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering. The Dow managed to end the day with a record closing high for the first…

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Dow Posts Record Closing High, Stocks Gain for 3rd Week; Dollar Dips

October 23, 2021
Asia & PacificBusiness & EconomyCompaniesDollarDowEconomieseconomyEuropeGainHighInternationalInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksTexasUSUS NewsWorld
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NEW YORK—The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped. On the day, MSCI’s broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower. Stocks came under pressure after Federal Reserve…

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