Talking Biz News Today — Feb. 1, 2021
Some of Monday’s top business news stories: Associated Press Buoyed by Keystone XL, pipeline opponents want Biden to act, by Amy Forliti Biden, Democrats hit gas on push for $15 minimum wage, by Kevin Freking CNN Silver surges as Reddit army targets precious metals, by Matt Egan It’s not just GameStop. Market bubble fears are […]
Robinhood, brokerages spark outrage as it limits trading in certain stocks
Robinhood, along with other online brokerages, has restricted trading in the stocks of GameStop, AMC and a new other companies that became targets of the WallStreetBets trading offensive on Reddit. The AP’s Alex Veiga reported: Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the […]
Talking Biz News Today — Jan. 29, 2021
Some of Friday’s top business news stories: Associated Press US economy shrank 3.5% in 2020 after growing 4% last quarter, by Martin Crutsinger Brokerages limit trading in GameStop, sparking outcry, by Alexa Veiga CNN GM looks to sell only emission-free vehicles by 2035, by Vanessa Yurkevich Class-action lawsuit filed against Robinhood following outrage over GameStop […]
Apple posts record revenues on strong iPhone sales
Apple reported fourth-quarter revenues of $111.44 billion thanks to record iPhone sales, with EPS beating Wall Street expectations, too. Reuters’ Stephen Nellis reported: Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise […]
Talking Biz News Today — Jan. 28, 2021
Some of Thursday’s top business news stories: Associated Press In duel with small investors over GameStop, big funds blink, by Michelle Chapman, Stan Choe Apple to crack down on tracking iPhone users in early spring, by Michael Liedtke CNN Tesla disappoints Wall Street despite strong profits, by Chris Isidore Tech earnings could supercharge a greedy […]
Talking Biz News Today — Jan. 27, 2021
Some of Wednesday’s top business news stories: Associated Press IMF: Vaccines will power 5.5% global economic growth in 2021, by Paul Wiseman Walgreens taps Starbucks exec Brewer as its new CEO, by Deen-Ann Durbin CNN Microsoft posts record revenue as pandemic continues to fuel sales, by Clare Duffy Europe threatens to restrict vaccine exports after […]
Videogames, cloud services push Microsoft’s revenues to record high
Stronger demand for videogames and cloud services drove Microsoft’s revenues for its second quarter to a record high of $43.1 billion. Aaron Tilley from The Wall Street Journal reported: Microsoft Corp. MSFT 1.22% posted record quarterly sales underpinned by pandemic-fueled demand for videogames and accelerated adoption of its cloud-computing services during the health crisis. The […]
Talking Biz News Today — Jan. 26, 2021
Some of Tuesday’s top business news stories: Associated Press California: Criminal rings loot billions in jobless funds, by Michael R. Blood Job losses from virus 4 times as bad as ’09 financial crisis CNN Janet Yellen is confirmed as the first female Treasury secretary in US history, by Anneken Tappe, Matt Egan Foreign companies are […]
Talking Biz News Today — Jan. 25, 2021
Some of Monday’s top business news stories: Associated Press Deal ends weeklong strike at largest US produce market, by Michael R. Sisak White House begins talks with lawmakers on COVID-19 relief, by Aamer Madhani, Lisa Mascaro CNN History made: Renewable energy surpassed fossil fuels for European electricity in 2020, by Jazmin Goodwin Godiva is closing […]
Google threatens search engine shutdown in Australia
Google has threatened to exclude Australia from its search engine coverage if the local parliament passes a bill that would make the Big Tech major pay for news content. CNN’s Michelle Toh reported: Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes […]
