Tag: Media & Big Tech

Nasdaq Futures Lifted by Big Tech as Focus Turns to Earnings

October 12, 2021
Business & EconomyCompaniesearningsEconomieseconomyInvestmentMarket WatchMarketsMedia & Big TechNASDAQTechUSUS News
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Gains in technology stocks kept Nasdaq futures afloat on Tuesday, while futures tracking the Dow and the S&P 500 were pressured by worries of higher inflation and its impact on third-quarter earnings starting this week. Mega-caps growth names including Microsoft Corp., Facebook Inc., Amazon.com Inc., Google-parent Alphabet, and Tesla inched higher in premarket trading. Tesla…

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Amazon Allowing Managers to Decide When Corporate Employees Return to Office

October 12, 2021
AmazonBusiness & EconomyCompaniesCOVID-19 pandemicInternationalMedia & Big TechTwitterUSUS Newsworking remotelyWorld
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Amazon is allowing company managers to decide when corporate employees return to the office after they began working remotely due to the COVID-19 pandemic. The company issued updated guidance in a memo to employees on Oct. 11 stating that it was leaving the decision as to when employees return to the office in the hands…

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Wall Street Ends Choppy Session Lower on Earnings Jitters; Financials Down

October 12, 2021
Business & EconomyCompaniesearningsEconomieseconomyfinancialsInvestmentLocal NewslowerMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsUSUS NewsWall Street
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NEW YORK—U.S. stocks ended a choppy session lower on Monday as investors grew nervous ahead of third-quarter earnings reporting season. Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase & Co. results on Wednesday. Indexes reversed early gains after midday and…

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China’s Central Bank Governor Says Fintech Crackdown to Continue

October 11, 2021
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniescrackdownMarketsMedia & Big Techsocial controlSpecial TopicsTechthe people's bank of china
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China’s central bank vowed to keep its eye on monopolistic behaviors and consumer data security matters occurring on internet platforms. The move—claimed by regulators to be for fair competition—was to tap the wealth, said an observer. Governor of the People’s Bank of China Yi Gang addressed a meeting Oct. 7 saying the bank will work…

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Futures Dip as Oil Rally Fuels Inflation Worries

October 11, 2021
Business & EconomyCompaniesEconomieseconomyfuturesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsOilRegional NewsRegional-Local NewsTexasUSUS NewsWorld
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U.S. stock index futures slipped on Monday as surging commodity prices added to inflation worries, which could cloud the earnings season set to start with Wall Street banks later this week. Rising raw material costs, labor shortages, and other supply chain bottlenecks have raised concerns of elevated prices denting corporate profit. U.S. oil rose nearly…

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Wall Street Rises as Big Tech, Financials Gain

October 11, 2021
Business & EconomyCompaniesEconomieseconomyfinancialsinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsOilRegional NewsRegional-Local NewsTechTexasUSUS NewsWall StreetWorld
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U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week. Mega-caps Apple Inc., Tesla Inc., and Microsoft Corp, rose between 0.6 percent and 1 percent, with nine of the 11 major S&P 500 sector indexes trading higher….

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Facebook Will Try to ‘Nudge’ Teens Away From Harmful Content

October 10, 2021
Business & EconomyCompaniesFacebookharmful contentMedia & Big TechSocial MediaTechteens
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WASHINGTON—A Facebook executive said Sunday that the company would introduce new measures on its apps to prompt teens away from harmful content, as lawmakers scrutinize how Facebook and subsidiaries like Instagram affect young people’s mental health. Nick Clegg, Facebook’s vice president of global affairs, also expressed openness to the idea of letting regulators have access…

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Apple Asks Judge to Pause Epic Games Antitrust Orders as It Appeals Ruling

October 9, 2021
antitrustappealsappleBusiness & EconomyCompanieseconomyepicgamesMedia & Big TechSocial MediaTechTech NewsUSUS News
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Apple Inc. on Friday asked a U.S. federal judge to put on hold orders that could require it to change some of its App Store practices and said that it is also appealing the ruling in an antitrust case brought by “Fortnite” creator Epic Games, according to court filings. U.S. district Judge Yvonne Gonzalez Rogers…

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Facebook: Global Tax Deal Could Mean US Paying More Tax

October 9, 2021
Business & EconomyCompaniesFacebookglobalLocal NewsMedia & Big TechRegional-Local NewsSocial MediaSouthern CaliforniataxTechTech NewsUSUS News
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An international deal setting a global minimum corporate tax level could mean Facebook will pay more tax, the world’s largest digital social network said on Friday. “Facebook has long called for reform of the global tax rules, and we recognise this could mean paying more tax, and in different places,” Nick Clegg, Facebook Vice President…

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Wall Street Mixed After September Jobs Miss

October 8, 2021
Business & EconomyCompaniesEconomieseconomyExecutive BranchInvestmentjobsLocal NewsMarket WatchMarketsMedia & Big TechmissNew YorkNY NewsPoliticsRegional-Local NewsseptemberUSUS NewsWall Street
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U.S. stocks oscillated between gains and losses on Friday after data showed U.S. jobs rose far less than expected in September, but not slow enough to throw the Federal Reserve off its presumed course of tapering asset purchases this year. Six of the 11 major S&P sectors declined, with defensive real estate, healthcare, and utilities…

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