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AP News | Equities.com |

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March.

The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much of the selling, reflecting worries that expectations built too high for some of the market’s biggest stars, including Apple and Amazon. Investors have bid up shares in those and other Big Tech companies this year, anticipating they would deliver strong profits, but their latest results and uncertain outlooks left traders wanting.


Reuters | Equities.com |

DuPont forecast annual profit above expectations on Thursday as a tight check on costs and a recovery in the automotive industry, one of its biggest markets, helped the i...


Reuters | Equities.com |

A U.S. Senate hearing to reform an internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle as lawmakers not only went after the companies but also attacked each other.

Lawmakers are split on ways to hold Big Tech accountable under Section 230 of the Communications Decency Act - which protects companies from liability over content posted by users but also lets the firms shape political discourse.


Reuters | Equities.com |

Microsoft Corp beat Wall Street estimates for quarterly revenue on Tuesday, powered by a slight uptick in growth in its flagship cloud computing business as the software maker continued to benefit from a global shift to working from home and online learning.

The pandemic has accelerated a shift already under way toward cloud-based computing, helping companies such as Microsoft, Amazon.com Inc’s cloud unit and Alphabet Inc’s Google Cloud.


Reuters | Equities.com |

SAP on Sunday cut its guidance for the year and abandoned its forecast that profitability would expand steadily over the medium term, saying coronavirus lockdowns would hit demand well into 2021.

The German business software group, a leader in enterprise applications ranging from finance to supply-chain management, said in an ad-hoc release it was shifting strategy to accelerate its push into cloud computing.


Reuters | Equities.com |

Intel Corp on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending, news that sent its shares down 10% in extended trading.

Intel, the dominant provider of processor chips for PCs and data centers, has struggled with manufacturing delays. In July, it said its next generation of chipmaking technology was six months b...


Reuters | Equities.com |

Logitech International shares led Europe's gainers on Tuesday as the computer peripherals maker reported a big jump in second-quarter profit and again hiked its guidance amid a work-from-home boom.

Its stock gained 15.8% in Switzerland today, the highest riser on the STOXX 600 index, and is trading up 16.4% on Nasdaq in early afternoon trading.

The maker of keyboards, mice webcams and headsets said it was benefiting from a shift ...


Reuters | Equities.com |

Toshiba Corp said on Monday it aims to generate $3 billion in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate scrambles to find future growth drivers.

The cybersecurity technology, called quantum key distribution (QKD), leverages the nature of quantum physics to provide two remote parties with cryptographic keys that are immune to cyberattacks.


Reuters | Equities.com |

Foxconn aims to provide components or services to 10% of the world's electric vehicles (EVs) by between 2025 and 2027, and has been in talks with multiple car manufacturers for future cooperation, Chairman Liu Young-way said on Friday.

The Taiwanese contract manufacturer, formally called Hon Hai Precision Industry Co Ltd and a major supplier to Apple Inc, is looking at growth from sectors such as EVs, digital health and robots in a drive to diversify its global investments.


Jeff Kagan | Equities.com |

Apple just introduced the iPhone 12, and early thoughts tell me this should be a strong year for the company. Every once in a while, Apple has a great year with its next generation iPhones. While it is still early and there is still much to learn about the iPhone 12, I am getting the sense that this year will be a blowout for sales for several reasons.

One reason is 5G. This is the next generation of wireless technology that is starting to roll across the entire industry. Wh...