Apple, Amazon and Alphabet in race to $1 trillion market cap as tech titans post massive sales numbers February 1, 2018 The race to become the first $1 trillion (£701bn) tech giant encountered fresh twists and turns last night as Apple, Alphabet and Amazon revealed their latest results. Apple, the world’s largest firm by market capitalisation, led the way as the trio posted a combined $125bn of sales. It beat revenue and earnings expectations but unit [...]
Amazon overtakes Google as world’s most valuable brand February 1, 2018 Amazon has overtaken Google as the world's most valuable brand in the latest tussle of the tech giants. The retail and technology behemoth which just yesterday announced a move into healthcare, is valued at $150bn (£106bn), new research reveals, a rise of more than 40 per cent which helped it leapfrog Google. Apple maintained its [...]
Wall Street may be calming down after its month long rally February 1, 2018 Wall Street’s bull run had been due a reality check for weeks. Yet when it eventually came, the only surprise was its speed and scale. The trigger was that time-honoured red flag – an analyst note which prompted US traders to question their recent run of frothy exuberance. On Monday morning, Goldman Sachs warned that [...]
Will Apple take the Dow over 27,000 this week? Only a fool would bet against it January 30, 2018 How much higher, and how quickly, can Wall Street rise? It’s a question this column has asked a couple of times, but it’s one that bears repeating after the Dow Jones hit a new record close on Friday. Might we see the Dow break 27,000? Market sentiment suggests yes. Moreover, it suggests it could do [...]
London will remain tech hub of the world January 30, 2018 The eyes of the world were on London earlier this month, as the city’s most iconic buildings were lit up in an array of colour as part of the world-class light festival, Lumiere London. More than 50 works of art were created by artists across the world, showcasing the strength of international collaboration. This doesn’t [...]
Facebook, Apple, Alphabet, earnings preview: The “big tech” backlash has yet to reach Wall Street January 28, 2018 A flurry of earnings from the world’s biggest tech companies are this week expected to show consumer and investor appetite has not yet been dampened by a growing backlash. Apple, Facebook, Google parent Alphabet, Amazon and Microsoft are worth almost three trillion dollars between them and make up half of the top 10 most highly [...]
Starbucks employees get a Trump bump to salary and benefits January 24, 2018 Employees of Starbucks are in line for bonuses, stock options and enhanced benefits after the coffee chain said it would make savings from US tax cuts. The move will cost more than $250m (£176.5m) and will be extended to 150,000 workers in the US. The company follows the likes of Walmart and Apple, which have [...]
Facebook hires Jerome Pesenti, an expert from UK startup BenevolentAI, to lead its artificial intelligence efforts January 24, 2018 Facebook has poached a top scientist from a UK tech startup to lead its artificial intelligence efforts. Jerome Pesenti is leaving BenevolentAI – a startup using machine learning technology to discover new drug treatments for diseases like motor neuron disease – to take on Facebook’s top job in artificial intelligence research. Read more: Facebook’s promising [...]
Apple’s buzz score among UK consumers falls flat after battery issue, YouGov data shows January 24, 2018 Around this time last month, tech giant Apple faced criticism after admitting to slowing down older model iPhones when their battery is old, cold or has low charge. Apple chief Tim Cook responded by announcing an update for iOS will provide a new option to turn off the feature that slows down devices. But what [...]
Taming the trolls isn’t just a matter of ethics for Twitter and Facebook: It makes good business sense January 23, 2018 Rejoice, ye City folk, for a study has found that, for the first time in years, trust in British businesses has actually risen. According to new figures from the annual Edelman Trust Barometer, the credibility of chief execs has risen 14 points in the last year, while board-level directors have been treated to a 10-point [...]