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Showing posts from July, 2020

FOX BIZ NEWS: Apple hits all-time high on blowout earnings, stock split

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Apple hits all-time high on blowout earnings, stock split FOX Business' Susan Li breaks down the big week for the big tech companies including Apple and Facebook, Tim Cook's economic outlook and Mark Zuckerberg saying there's no end in sight as to when Facebook will bring employees back into the office.

FOX BIZ NEWS: Varney: Tech giants Amazon, Facebook are 'crown jewels of American business'

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Varney: Tech giants Amazon, Facebook are 'crown jewels of American business' U.S. residents should "revel in the fact that it is American capitalism that's made their success possible."

FOX BIZ NEWS: Trump: We may be banning TikTok

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Trump: We may be banning TikTok President Trump says there are a couple of options on the table when it comes to TikTok, but one of them may be a ban.

FOX BIZ NEWS: Sources speculate one name to buy TikTok is Microsoft: Gasparino

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Sources speculate one name to buy TikTok is Microsoft: Gasparino FOX Business' Charlie Gasparino discusses speculation of TikTok being in talks with Microsoft to purchase the platform.

FOX BIZ NEWS: Former NASA astronaut: SpaceX Dragon ‘ready’ for return to Earth

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Former NASA astronaut: SpaceX Dragon ‘ready’ for return to Earth Former NASA Astronaut Clayton Anderson on concerns over Hurricane Isaias delaying SpaceX’s return to Earth.

FOX BIZ NEWS: Markets look into psyche of the country: Market expert

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Markets look into psyche of the country: Market expert Kaltbaum Capital Management President Gary Kaltbaum and James Madison Institute Tech and Innovation Center Director Andrea O'Sullivan discuss the coronavirus pandemic and the upcoming election's impact on the markets and how tech stocks are booming.

FOX BIZ NEWS: Varney: Big tech companies are the future

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Varney: Big tech companies are the future FOX Business' Stuart Varney on the economic power of big tech.

FOX BIZ NEWS: Twitter permanently bans former KKK leader David Duke

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Twitter permanently bans former KKK leader David Duke Twitter said Friday that David Duke’s account “has been permanently suspended for repeated violations of the Twitter rules on hateful conduct.”

FOX BIZ NEWS: Zuckerberg says Facebook work from home is indefinite, slams government's handling of coronavirus

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Zuckerberg says Facebook work from home is indefinite, slams government's handling of coronavirus Facebook CEO Mark Zuckerberg said Thursday that the company's work-from-home policy is indefinite.

FOX BIZ NEWS: Rep. Jordan on big tech antitrust: Must continue highlighting censorship of conservatives

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Rep. Jordan on big tech antitrust: Must continue highlighting censorship of conservatives Rep. Jim Jordan, R-Ohio, on the big tech congressional hearing and managing antitrust, and Gen. Michael Flynn's case being reheard.

FOX BIZ NEWS: Big tech changing economy 'right before our eyes': BlackRock Global Fixed Income CIO

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Big tech changing economy 'right before our eyes': BlackRock Global Fixed Income CIO BlackRock Global Fixed Income CIO Rick Rieder on technology's impact on the economy, the Fed keeping rates low and global economic growth.

FOX BIZ NEWS: Some Facebook ad boycotters return — but plenty of big players are staying away

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Some Facebook ad boycotters return — but plenty of big players are staying away Some advertisers who boycotted Facebook in July are not placing their ads on the platform any time soon.

FOX BIZ NEWS: Under Armour sales tank as coronavirus shutters stores

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Under Armour sales tank as coronavirus shutters stores Under Armour reported a second-quarter loss of $182.9 million as COVID-19 shut stores and drained 41 percent from revenue

FOX BIZ NEWS: Caterpillar sales sag 31% in coronavirus slowdown

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Caterpillar sales sag 31% in coronavirus slowdown The Deerfield, Illinois-based heavy-equipment manufacturer earned $458 million, or an adjusted $1.03 per share, as revenue slid 31 percent from a year ago to $10 billion.

FOX BIZ NEWS: Stock futures rise as investors study earnings reports

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Stock futures rise as investors study earnings reports Four Dow stocks will report earnings before the market opens.

FOX BIZ NEWS: China's manufacturing improves in July, exports strengthen

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China's manufacturing improves in July, exports strengthen China was the first economy to shut down to fight the virus and the first to try to revive business

FOX BIZ NEWS: VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

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VW asks U.S. appeals court to reconsider ruling on diesel emissions updates Volkswagen Group of America said the ruling, if upheld, could have sweeping ramifications for the U.S. auto industry.

FOX BIZ NEWS: Australia to force Facebook, Google to pay media companies for content

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Australia to force Facebook, Google to pay media companies for content U.S. social media and search giants would be required to negotiate with Australian media companies to use their content

FOX BIZ NEWS: Trump administration to recover $200 million from failed Obama-era solar project

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Trump administration to recover $200 million from failed Obama-era solar project The Trump administration announced Thursday that it is to recover $200 million from a Nevada solar project that received a loan guarantee from the Obama administration, but ultimately failed.

FOX BIZ NEWS: Mike Pence involved in campaign bus accident in Pennsylvania

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Mike Pence involved in campaign bus accident in Pennsylvania Vice President Mike Pence was involved in a minor vehicle collision Thursday morning while stumping through western Pennsylvania — shortly followed by a second campaign caravan crash.

FOX BIZ NEWS: Silicon Valley may have more power than some US government branches: Expert

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Silicon Valley may have more power than some US government branches: Expert Media Research Center president and founder Brent Bozell says there are no checks and balances in Silicon Valley, which allows social media and tech giants to influence speech, and he says these companies need to be held accountable.

FOX BIZ NEWS: Facebook posts revenue growth despite pandemic

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Facebook posts revenue growth despite pandemic Facebook Inc. powered through the throes of the pandemic, as the social-media giant posted higher revenue thanks to increased engagement from users.

FOX BIZ NEWS: Revoking big tech protection law has bipartisan support: FCC Commissioner

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Revoking big tech protection law has bipartisan support: FCC Commissioner FCC Commissioner Brendan Carr discusses special protections for big tech companies, the conversation around revoking Section 230 and conservative censorship on social media.

FOX BIZ NEWS: Keurig Dr Pepper revenue grows on higher coffee, beverage sales

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Keurig Dr Pepper revenue grows on higher coffee, beverage sales Keurig Dr Pepper Inc. on Thursday reported an increase in coffee and packed-beverage sales.

FOX BIZ NEWS: Homebound shoppers fuel record UPS growth during coronavirus

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Homebound shoppers fuel record UPS growth during coronavirus The company’s U.S. domestic service saw average daily volume grow by a record 23 percent to 21.1 million packages per day.

FOX BIZ NEWS: Second-quarter GDP plunges 32.9%, worst decline on record

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Second-quarter GDP plunges 32.9%, worst decline on record The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.

FOX BIZ NEWS: Kellogg raises annual profit forecast as coronavirus boosts demand for Fruit Loops, waffle mixes

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Kellogg raises annual profit forecast as coronavirus boosts demand for Fruit Loops, waffle mixes Cereal maker Kellogg Co raised its full year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic.

FOX BIZ NEWS: Tyson Foods to increase virus testing in US meat plants

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Tyson Foods to increase virus testing in US meat plants Meatpacking plants have been particularly susceptible to the coronavirus because workers often stand shoulder to shoulder carving up meat.

FOX BIZ NEWS: Yum Brands beats same-store sales estimates on pizza, taco cravings

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Yum Brands beats same-store sales estimates on pizza, taco cravings Yum brands beat Wall Street expectations for quarterly same-restaurant sales.

FOX BIZ NEWS: Boaters marooned by coronavirus sap Brunswick's summer inventory

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Boaters marooned by coronavirus sap Brunswick's summer inventory Brunswick said COVID-19 resulted in boat stockpiles falling 34 percent to their lowest level in almost 20 years

FOX BIZ NEWS: Dunkin Brands weathers coronavirus, reinstates dividend

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Dunkin Brands weathers coronavirus, reinstates dividend Comparable sales have shown improvement every week of this month, reaching the low single digits by July 25.

FOX BIZ NEWS: Shell profits plunge 82% as pandemic hits energy demand

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Shell profits plunge 82% as pandemic hits energy demand Shell reported that adjusted profit dropped to $638 million from $3.46 billion in the same period last year

FOX BIZ NEWS: Stock futures fall ahead of sobering economic reports

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Stock futures fall ahead of sobering economic reports GDP, jobless claims and tech earnings are on tap

FOX BIZ NEWS: US growth report to show a record-breaking economic plunge

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US growth report to show a record-breaking economic plunge The drop in GDP is expected to be the biggest drop ever recorded

FOX BIZ NEWS: IBM partners with Japanese business, academia in quantum computing

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IBM partners with Japanese business, academia in quantum computing The "Quantum Innovation Initiative Consortium" will be based at the University of Tokyo

FOX BIZ NEWS: US renters owe $21.5B in back rent; Republicans offer no eviction relief

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US renters owe $21.5B in back rent; Republicans offer no eviction relief Over the spring and early summer, a patchwork of federal, state and local eviction bans kept renters in their homes

FOX BIZ NEWS: Donald Trump Jr.: Conservative viewpoints often ‘destroyed’ by social-media algorithms

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Donald Trump Jr.: Conservative viewpoints often ‘destroyed’ by social-media algorithms Author of ‘Liberal Privilege’ Donald Trump Jr. shares his thoughts on getting suspended by Twitter for posting a video about hydroxychloroquine, presumptive Democratic candidate Joe Biden and election polls ahead of November.

FOX BIZ NEWS: What is Amazon Employees for Climate Justice?

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What is Amazon Employees for Climate Justice? AECJ has said the corporation's climate pledge is not good enough.

FOX BIZ NEWS: Big tech CEOs divided on China technology theft

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Big tech CEOs divided on China technology theft Only Facebook's Mark Zuckerberg was willing to speak out against China

FOX BIZ NEWS: Republicans blast big tech during congressional hearing for conservative censorship

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Republicans blast big tech during congressional hearing for conservative censorship Rep. Ken Buck, R-Colo., says despite the big tech CEOs claiming they don't censor conservative voices online, he continues to see liberal viewpoints promoted on their sites and he believes that impacts elections.

FOX BIZ NEWS: How much Facebook makes from ads

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How much Facebook makes from ads Facebook is expected to rake in more than $31.4 billion in net advertising revenue by the end of 2020.

FOX BIZ NEWS: Government needs to shut down big tech's anti-conservative bias: Sidney Powell

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Government needs to shut down big tech's anti-conservative bias: Sidney Powell Former National Security Adviser Gen. Michael Flynn's attorney Sidney Powell responds to her Twitter suspension over her opinion on hydroxychloroquine and discusses big tech's anti-conservative bias.

FOX BIZ NEWS: Amazon’s Bezos cannot guarantee third-party seller policy wasn’t violated

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Amazon’s Bezos cannot guarantee third-party seller policy wasn’t violated The platform does not allow employees to access third-party data when creating competing products.

FOX BIZ NEWS: Sundar Pichai: Google deeply cares about users' privacy, security

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Sundar Pichai: Google deeply cares about users' privacy, security Alphabet CEO Sundar Pichai answers questions about Google users’ privacy, General Data Protection Regulation (GDPR) and tech companies turning over user data to law enforcement.

FOX BIZ NEWS: Sundar Pichai: Google doesn't use Gmail data for ad services

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Sundar Pichai: Google doesn't use Gmail data for ad services Alphabet CEO Sundar Pichai on retiring third-party cookies that websites attach to users’ browsers and the privacy and ad revenue issues surrounding this data.

FOX BIZ NEWS: Amazon's Jeff Bezos: Counterfeit products 'are a scourge’

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Amazon's Jeff Bezos: Counterfeit products 'are a scourge’ Amazon CEO Jeff Bezos says his company does a lot to prevent counterfeiting but does work toward limiting it on the site.

FOX BIZ NEWS: General Motors steers to loss as coronavirus shuts dealerships and factories

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General Motors steers to loss as coronavirus shuts dealerships and factories General Motors lost $758 million in the second quarter as revenue fell 53 percent from a year ago.

FOX BIZ NEWS: Boeing sales flounder as coronavirus batters airline customers

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Boeing sales flounder as coronavirus batters airline customers Sales in the commercial airplanes business, Boeing's largest, sank 65 percent to $1.8 billion as the planemaker delivered just 20 aircraft, less than a third of the total a year earlier.

FOX BIZ NEWS: Blue Apron turns profit as more Americans cook at home during coronavirus pandemic

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Blue Apron turns profit as more Americans cook at home during coronavirus pandemic Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.

FOX BIZ NEWS: 'Back from the brink' Deutsche Bank improves outlook

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'Back from the brink' Deutsche Bank improves outlook In the second quarter, investment bank revenues rose 46%