Nasdaq ends at record high as Big Tech companies roar back
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks.
Wall Street ends sharply higher, led by Dow surge
Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.
Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P
Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.
Microsoft names CEO Satya Nadella as chairman
June 16 (Reuters) – Microsoft Corp (MSFT.O) on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson.
Spotlight on Xbox Game Pass as Microsoft showcases upcoming games
Microsoft (MSFT.O) on Sunday showcased 30 upcoming games and said most of those titles will be available on its monthly subscription service, Xbox Game Pass.
Asia shares pare gains on caution, oil falls again
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery.
Singapore says will make needed changes to corporate tax once consensus on G7 plan
Singapore, a regional hub for technology firms, will change its tax system as needed once there is a global consensus, its finance minister said on Tuesday, after the world’s rich nations agreed there should be a minimum corporate tax rate of 15%.
Apple adds virtual IDs on iPhone, video plans that rival Zoom, Teams
Apple Inc (AAPL.O), facing accusations from rivals that it has too much control over its App Store, on Monday outlined plans to increase user privacy and keep consumer data out of other companies’ hands, laying out features including expanded video conferencing and storing virtual government IDs on iPhones.
U.S. tech giant shares barely react to G7 tax deal
Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world’s richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies’ bottomlines.
Zoom forecasts upbeat revenue, expects boost from hybrid work
Zoom Video Communications Inc (ZM.O) on Tuesday forecast current-quarter revenue above estimates, as increased adoption of hybrid work models by companies is expected to drive steady demand for its video conferencing tools.
