Marketmind: Pandeconomics part 2
Slowly but surely, global policymakers are entering a new phase of their economic response to the pandemic.
Epic ruling invites future efforts to paint Apple as monopolist -experts
A U.S. judge stopped short of labeling Apple Inc (AAPL.O) an “illegal monopolist” on Friday, but the closely-watched ruling provides a roadmap for similar claims against the iPhone maker in the future, legal experts said.
Apple will not call employees back to work until 2022
The Delta variant has become the latest roadblock to reopening offices and employees returning to work. Apple has postponed returning employees to the office until January at the earliest, citing concerns about an increase in Covid cases. Employees were notified of the decision in a company memo sent out on Thursday, according to Bloomberg News. […]
The South Korea Parliament has passed a bill to curb Google and Apple’s Dominance!
The South Korean parliament approved a bill on Tuesday that prohibits major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively prohibiting commissions on in-app purchases. It’s the first time a major economy has taken action against companies like Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) […]
Australia considering new laws for Apple, Google, WeChat digital wallets
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s Google (GOOGL.O).
Buffett’s Berkshire pares drug holdings, sheds Axalta, Biogen
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co (MRK.N) spinoff, Organon & Co (OGN.N).
Analysis: Where will yields go? Investors weigh U.S. jobs data against Delta fears
An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year, potentially weighing on an equity rally that has taken stocks to record highs.
Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
Facebook Inc (FB.O) said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it reported strong ad sales.
Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
Asia shares sit at 2021 lows ahead of Fed verdict
Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.
