U.S. initial jobless claims for the week ending October 24 was 751,000, a 40,000 fall from the previous week's revised level, and below expected 770,000, according to the Department of…
Comcast reported Q3 revenues of $25.5 billion, a 4.8% fall from the comparable quarter of 2019, but above expected $24.74 billion, according to the company's press release. Q3 revenue rise…
U.S. stocks declined on Wednesday as investors became worried the recent rise in coronavirus infections could slow down global economic recovery. Dow Jones Industrial Average fell 3% or 823 points,…
Apple is ramping its search engine, a move likely to threaten Google's dominance, according to Financial Times. The development comes as Google faces intense scrutiny by the antitrust authorities for…
The U.S. Consumer Confidence Index in October was 100.9, down from September’s 101.3 and below expected 102.0, according to the CEIC press release. The fall in consumer confidence reflects low…
Microsoft Corporation will partner with Adobe Inc. and C3.ai to compete with Saleforce.com Inc., the market leader of customer-software, according to Bloomberg. Microsoft, the globe’s leading software maker, has been…
The U.S. Food and Drug Administration (FDA) has approved Gilead Sciences Inc.’s Veklury (remdesivir), an antiviral drug for the treatment of patients with COVID19 requiring hospitalization, according to the company’s…
Apple’s recently launched iPhone 12 line is showing strong demand in China, more than last year’s iPhone 11, according to SCMP. China accounts for 35% to 45% of global demand…
U.S. initial jobless claims in the week ending October 17 were 787,000, a decline of 55,000 from the previous week’s revised level and down from expected 870,000, according to a…
Paypal has launched a new service that enables its customers to buy, hold, and sell cryptocurrency directly from their PayPal account, according to the company’s press release. The company has…
The U.S. Justice Department will launch an antitrust lawsuit against Google on Tuesday for alleged engagement in anticompetitive conduct to preserve monopolies in search and search advertising, according to The…
Trump’s administration entered into an agreement with AstraZeneca for late-stage and large scale manufacture of AZD7442, a combination of two monoclonal antibodies that treats or prevents SARS-CoV-2, according to press…