Tech earnings: What to look out for in a bumper day of Silicon Valley results October 29, 2020 All eyes will be on Silicon Valley tonight as the tech giants prepare to unveil their earnings for the third quarter. Google owner Alphabet, Amazon, Apple, Facebook and Twitter are all set to update investors on their trading during a turbulent period dominated by the coronavirus crisis. Earnings season for the so-called FAANG companies kicked [...]
Spotify dancing on air as premium subscribers revenue beats expectations October 29, 2020 Spotify said the number of paid subscribers signing on for its ad-free music streaming service beat expectations in the third quarter.
The City View: Michael Hewson on how markets could react to the US election October 29, 2020 In this episode Christian is joined by CMC Markets’ chief market analyst Michael Hewson, who gives his take on the state of the US economy and how markets could respond to either a Biden victory or four more years of Donald Trump. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Michael looks at the current health of [...]
Tech bosses blasted by US politicians over content moderation October 28, 2020 The bosses of Facebook, Twitter and Google faced attacks from US Senators this afternoon during a fiery hearing over how tech firms moderate content on their platforms. The tech chiefs were grilled by a US Senate committee for more than three and a half hours over Section 230 of the Communications Decency Act, which protects [...]
Apple steps up search engine efforts amid Google antitrust probe October 28, 2020 Apple is reportedly ramping up efforts to develop its own search engine technology as US antitrust authorities put Google’s market dominance under the spotlight. In iOS 14, the company’s latest iPhone software, Apple now shows its own results when users type queries into the search bar on the home page. The changes, which are likely [...]
US election: Nervous New Yorkers sleepwalking toward polling day October 27, 2020 Taking a bus from New York’s John F Kennedy airport and through Long Island provides an insightful snapshot into some of the realities of 21st century America. In the one hour it took yesterday to drive from one of America’s largest airports to my accommodation in Brooklyn, I saw poverty that was akin to that [...]
Facebook takes on Google and Amazon with cloud gaming launch October 26, 2020 Facebook has launched a free cloud gaming feature on its platform, becoming the latest tech giant to move into the lucrative games market. The social media site today said users will be able to stream games such as Asphalt 9: Legends and PGA Tour Golf Shootout on the Facebook app and browser with no download [...]
No Time To Die: James Bond studio hits back at reports of streaming release October 26, 2020 The Hollywood studio behind the James Bond film franchise has hit back at reports it is mulling a streaming launch for No Time To Die due to multiple delays to its release date. Metro-Goldwyn-Mayer (MGM) is said to have held discussions with Netflix, Amazon and Apple about a potential on-demand release for the 25th instalment [...]
Google has until 19 December to respond to antitrust lawsuit October 23, 2020 Google has until 19 December to respond to a major antitrust lawsuit filed by the US Department of Justice earlier this week. A court filing today revealed the date by which the tech giant would have to answer the case that officials have brought. The lawsuit accuses the $1 trillion company of breaking the law [...]
Which stock markets look cheap as we enter the final quarter of 2020? October 23, 2020 While the virus itself hasn’t gone away, as far as financial markets are concerned, the pit of misery was back in March. At that point, a typical global market stock market portfolio had haemorrhaged around a third of its value in just six weeks. Stocks have soared As is often the case, peak despair turns [...]